Mortgage and Financial News From 2008-7-15 Page 01
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Paulson Pounded by Investors as He Seeks to Halt Market Crisis - Bloomberg
July 16 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson , who arrived in Washington two years ago from the summit of American capitalism, is being pummeled by the markets that nurtured him. Investors are rebuffing Paulson's plan to rescue the ...
2008-07-15 09:18:00 -
Asia stocks mixed after US mortgage plan - Boston Globe
HONG KONG— Asia markets were mixed during early trade Monday after the U.S. government announced plans to prop up troubled mortgage financiers Fannie Mae and Freddie Mac . Japan's Nikkei 225 index rose more than 1.1 percent to 13,185.90 points ...
2008-07-13 09:42:00 -
More U.S. homeowners consider taking in boarders - International Herald Tribune
BALTIMORE : When Barbara Terry fell behind on her mortgage payments earlier this year, she did the previously unthinkable. Through a local housing organization, she and her daughter, Imani, 9, rented part of their single-family house to a stranger ...
2008-07-15 09:18:00 -
Dade City Commissioner Beebe resolves mortgage problem - St. Petersburg Times
A failed business venture had City Commissioner Curtis Beebe flirting with foreclosure earlier in the year, but the matter has since been resolved, Beebe said. In 2004, Beebe started Consultant U, a virtual company that developed training curriculum ...
2008-07-15 06:19:00 -
The Financial Tsunami -- the next big wave is breaking: Fannie Mae ... - Online Journal
The announcement by US Treasury Secretary Henry Paulson together with Federal Reserve chief Bernanke, that the US government will bailout the two largest guarantors of housing mortgage debt -- the Fannie Mae and Freddie Mac -- far from calming ...
2008-07-15 09:18:00 -
WaMu plans another wave of layoffs in September, sources say - MSN MoneyCentral
Washington Mutual Inc., battling to cut costs, will lay off more employees in September, according to people familiar with the company. The layoff was announced to employees in the company's home base of Seattle at a conference call Friday, sources ...
2008-07-15 01:04:00 -
Saving Fannie and Freddie - Boston Globe
WITH ITS decision this week to rescue the mortgage finance companies Fannie Mae and Freddie Mac , the Bush administration once again acknowledged that - one way or another - the federal government was bound to intervene heavily in the nation's vast ...
2008-07-15 08:57:00 -
Fed makes tighter lending standards official (Fort Worth Star-Telegram)
The new lending rules proposed Monday are aimed at curbing abuses in the mortgage industry.
2008-07-15 10:05:59 -
Dollar steadies in Asia after heavy losses (Philippine Daily Inquirer)
TOKYO, Japan -- The dollar showed signs of stabilizing in Asian trade Wednesday after heavy losses sparked by worries about problems in the US financial system, dealers said. The dollar edged up to 104.81 yen in Tokyo morning trade from 104.63 in New York late Tuesday.
2008-07-15 10:08:54 -
Economic crisis vexes leaders (The Fredericksburg Free Lance-Star)
Summary Not Available
2008-07-15 10:11:29 -
A Mid-Year Economic Report | Fiscal crystal ball says outlook not good (Urban Tulsa)
Economic growth in the United States is sluggish, and there are several reasons to be pessimistic about macroeconomic performance in the balance of 2008, if not beyond. The adjective "macroeconomic" is crucial. We should never forget that, even when major sectors of a country's economy are experienc... By Dr. Mark W. Hendrickson.
2008-07-15 10:12:04 -
Fed chief Bernanke sees inflation risks (Dallas Morning News)
WASHINGTON – President Bush sought to calm the contagion of fear in financial markets Tuesday, but his effort was virtually swept aside by a sobering new assessment from Federal Reserve Chairman Ben Bernanke, a jump in the prices that manufacturers pay for raw materials and other unsettling economic portents.
2008-07-15 10:12:35 -
Economic worries multiply (Winston-Salem Journal)
President Bush urged Congress yesterday to act quickly on legislation to support Fannie Mae and Freddie Mac and stabilize the mortgage markets.
2008-07-15 10:14:00 -
A capital crisis: President, Congress, Fed scratch heads for economic remedies (Memphis Commercial Appeal)
The nation's leaders are running out of answers to America's economic crisis. The Federal Reserve has no more practical room to push interest rates lower; there's only so much taxpayer money for shoring up housing, and if depositors lose confidence, there's little officials can do to stop a run on banks.
2008-07-15 10:15:34 -
How The Government Would Bail Out Fannie Mae, Freddie Mac - Huffingtonpost.com
Compare 07:53 AM EST 07:51 AM EST 07:36 AM EST 07:34 AM EST 06:27 AM EST 04:29 AM EST 04:28 AM EST 04:26 AM EST 02:45 AM EST 12:47 AM EST and 07:53 AM EST 07:51 AM EST 07:36 AM EST 07:34 AM EST 06:27 AM EST 04:29 AM EST 04:28 AM EST 04:26 AM EST 02 ...
2008-07-14 06:24:00