Mortgage and Financial News From 2008-7-20 Page 6

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  • Business forum: New rules tighten mortgage operations (Minneapolis-St. Paul Star Tribune)

    Lessons learned as a result of the lending mess are leading to more regulation. Mortgage originators must be more forthright and careful, but buyers have a responsibility to understand what they're signing.
    2008-07-20 02:27:17
  • SEC Short Sale Rule Could Create a Bubble in Financial Stocks Wall Street backoffices that can’t adjust to the SEC’s ... (Finance Technology Network)

    Back offices on Wall Street will begin complying today with the Securities and Exchange Commission's limits on short selling, which takes effect at 12:01 a.m. on Monday, July 21st.
    2008-07-20 04:27:46
  • Mortgage meltdown causes glut of short sale homes (Charleston Regional Business Journal)

    The mortgage meltdown, which has rippled into a wide range of industries and has affected millions of investors and homeowners, is sending another wave into the housing market: a glut of no-longer-affordable homes being offered in short sale deals.
    2008-07-20 02:28:06
  • Expected upswing in real estate not here yet (Charleston Regional Business Journal)

    Getting a fix on any real estate market in the current economic conditions is somewhat of a guessing game, Charleston real estate and money management consultant Brad Rundbaken said.
    2008-07-20 02:28:17
  • In Case Of Emergency, Withdraw Here (Forbes)

    You can't always prevent disasters from happening, but you can be financially prepared for them.
    2008-07-20 03:17:32
  • THE RUPEE: weak sentiment (Business Recorder)

    KARACHI (July 21 2008): The rupee managed to resist sharp losses against dollar during the week ended on July 19, 2008. In the interbank market, the rupee lost 90 paisa against dollar for buying at 69.60 and 95 paisa for selling at 70.60. It followed same print and shed 35 paisa in terms of euro for buying and selling at Rs 111.30 and Rs 111.50.
    2008-07-20 03:23:32
  • GLOBAL ECONOMY WEEKAHEAD-Restoring confidence in Ame0rica Inc - Forbes

    WASHINGTON (Reuters) - The U.S. government's pledge to rescue mortgage finance companies Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) was about more than bolstering the floundering U.S. housing market. It was ...
    2008-07-20 12:01:00
  • RPT-Bay Street Week Ahead-Banks could rain on earnings parade - Reuters

    TORONTO, July 20 (Reuters) - Strong results from some of Canada's key companies could take a back seat to ongoing turmoil in financial markets as the second-quarter reporting season gets under way. Commodity-based companies -- oil and gas ...
    2008-07-20 01:05:00
  • Business forum: New rules tighten mortgage operations - Minneapolis Star Tribune

    Seth Leventhal is a partner with the Minneapolis-based law firm of Dorsey & Whitney. His e-mail address is: leventhal.seth@dorsey.com . When Americans buy a home, they almost always are buying a home loan as well. Most focus on the home-buying and ...
    2008-07-20 02:10:00
  • Treasury welcomes fundraising by Freddie Mac - Financial Times

    A senior US Treasury official has welcomed Freddie Mac’s efforts to continue raising capital from private ­investors following the announcement of the ­government rescue plan for the giant mortgage firm and sister company Fannie Mae. David Nason ...
    2008-07-20 01:20:00
  • Freddie Mac CEO '07 pay: $19.8 million - MSNBC

    NEW YORK - Freddie Mac Chairman and Chief Executive Richard Syron pocketed nearly $19.8 million in compensation last year, according to a Securities and Exchange Commission filing Friday, even though the mortgage company's stock lost half its value ...
    2008-07-18 03:09:00
  • Do you know if your bank account is insured? - Indianapolis Star

    The federal takeover of IndyMac, a California-based mortgage lender that had $32 billion in assets, has led a lot of folks to wonder whether their own bank will be the next victim of the credit crunch. That's not an unreasonable concern. The Federal ...
    2008-07-19 10:25:00
  • How to draw up a budget and stick to it - Punch

    The phenomenon called debt, if care is not taken (as we examined a fortnight ago), can creep into the life of an individual unawares. According to finance experts, the only known antidote to this is good financial management. To them, the main key to ...
    2008-07-19 07:40:00
  • Why housing data collection in Europe is lagging behind - Financial Times

    The paucity of decent house price data in Europe is astonishing given the breadth and depth of interest in the market. Progress is being made, as more countries produce figures, but very slowly. The lack of data is surprising given demand for the ...
    2008-07-20 02:28:00
  • Philosophy on tools is relative - Columbus Dispatch

    How do you save on housing costs? Add your own tips at the bottom of the story or on this page. Calculator: Buy or rent your next home? Mortgage rate calculator: Calculate your payment and more Refinance calculator: Will you save by refinancing your ...
    2008-07-20 04:59:00