Mortgage and Financial News From 2008-7-20 Page 8
Previous Day: 2008-07-19
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14
-
A buyer’s primer on real estate terms (The Garden Island)
• What is the difference between “short sale,” “REO” and “foreclosure”?
2008-07-20 04:32:23 -
Is America too big to fail? - International Herald Tribune
NEW YORK : In the narrative that has governed American commercial life for the last quarter-century, saving companies from their own mistakes was not supposed to be part of the government's job description. Economic policymakers in the United States ...
2008-07-20 11:39:00 -
In this economy, failure is an option - Los Angeles Times
WASHINGTON -- The U.S. economy appears to be caught in a cycle of recurrent panic attacks. So many things have gone wrong, and so much anxiety has accumulated in the financial system, that nothing seems safe. As a result, no sooner has one crisis ...
2008-07-20 11:25:00 -
Foreclosures ravage parts of county where many used risky loans - San Diego Union-Tribune
Sharply falling housing prices have become an unavoidable fact of life this year, but nowhere in San Diego County has the battered real estate market had more of a striking impact than in a number of central and south county neighborhoods where ...
2008-07-20 11:39:00 -
Ohio lenders fret homeowners will abandon loans - Port Clinton News Herald
COLUMBUS, Ohio (AP) — Experts say fretting homeowners who worry the mortgage market is worsening are, well, making the mortgage market worsen. Fearing they might default on their loans, some are walking away from mortgages and cutting their losses ...
2008-07-20 05:27:00 -
Chuck Jaffe: Most money-market funds are safe from financial meltdown (Market Watch)
Edward in Brockton, Mass., got scared enough by the headlines a week ago that he did the unthinkable. He read the paperwork for his money-market mutual fund. What he found there made him more nervous, because the fund included a lot of paper from Freddie Mac and Fannie Mae.
2008-07-20 12:53:30 -
Banks sound but economy to take time: Paulson (The Economic Times)
The US economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said.
2008-07-20 01:22:37 -
Credit seen drying up for small business (The Economic Times)
As losses mount at American banks and the pain of the credit crisis spreads from housing and finance to the broader economy, many small companies complain it is increasingly difficult to obtain loans.
2008-07-20 01:23:08 -
Treasury Chief Sees 'Months' of Hard Times (ABC News)
But Henry Paulson says banking system is 'sound,' situation is 'manageable.'
2008-07-20 01:37:59 -
Paulson Warns More Banks Face Mortgage Troubles (The New York Sun)
WASHINGTON — The Treasury Secretary, Henry Paulson, sought to reassure an anxious public tidat that the banking system is sound, while also bracing people for more troubled times ahead. "I think it's going to be months that we're working our way through this period — clearly months," he said. Mr. Paulson said the number of troubled banks will increase as they struggle to cope with big losses on ...
2008-07-20 01:42:37 -
Reality hits the on-line world: or is it just maturity? - Computer Weekly
Despite the "Walmart effect" of consumers going on-line for bargains as the recession deepens, Google saw a fall in the number of US users "clicking through" to advertisments in Quarter 2, compared to Quarter 1. This was said to be an effect of ...
2008-07-19 03:41:00 -
Manteca couple looks for guidance as they plot their financial future - Record
MANTECA - Rob and Tricia Baker could be the poster couple for middle-class families living in the San Joaquin Valley. They're both 45 years old and have two teenagers. The kids, Patrick, 17, and Maryann, 14, will be a senior and a freshman in high ...
2008-07-19 11:58:00 -
Margereta Pagano: Hank the Hammer - the superhero who saved the US ... - The Independent
Not for nothing is Henry "Hank" Paulson, the US Treasury Secretary, known as Hank the Hammer. He earned the nickname in his footballing days at Dartmouth College, where his toughness on the field was legendary. At 62 he retains much of his earlier ...
2008-07-19 03:58:00 -
S.D. banks could feel fallout from bailouts (The Argus Leader)
WASHINGTON - A plan to bail out mortgage giants Fannie Mae and Freddie Mac presents South Dakota's congressional delegation with grim choices. In the next week or so, Congress will consider taking steps to shore up the financially ailing, quasi-governmental entities that either own or guarantee repayment on almost half of the nation's $12 trillion worth of home mortgages. In a worst-case ...
2008-07-19 11:57:54 -
Adding fire to fuel - Times of India
The decline in global crude prices over the last few days has settled the debate whether it's market speculators or surging demand from India and China that has been pushing oil's relentless rally for over a year now. Crude plunged $6.44 from the ...
2008-07-19 06:07:00