Mortgage and Financial News From 2008-7-15 Page 6
Previous Day: 2008-07-14
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Expert: Don Taylor, Ph.D., CFA, CFP (Bankrate.com)
Dear Dr. Don, I got divorced last year and opted to keep the house. I was supposed to refinance the house within six months but I was not qualified due to bad credit (caused by my ex).
2008-07-15 03:42:55 -
New Fed rules work to control abusive lending practices (Honolulu Advertiser)
The Federal Reserve rolled out rules yesterday aimed at curbing abusive lending practices widely used to coax unsuspecting borrowers into loans they cannot afford.
2008-07-15 04:10:24 -
Westpac wags dragon's tail (The Australian)
WESTPAC has maintained tactical pressure on St George Bank by announcing a 14-basis-point increase in home lending rates -- well below the 20-point hike announced earlier this month by its proposed merger partner.
2008-07-15 07:00:00 -
Many likely to remain priced out of housing market (AP via Yahoo! Finance)
Doug Gylfe still can't afford to buy a home in Torrance, Calif., despite a 23 percent drop in prices. And Congress isn't helping.
2008-07-15 01:50:27 -
FDIC Tries To Calm Fears About New IndyMac - KCCI.com
IndyMac, which was already in trouble because of subprime mortgages it had with people with bad or no credit history, was shut down Friday by federal regulators during a run on deposits. The federal Office of Thrift Supervision reported that $1.9 ...
2008-07-14 08:26:00 -
EverBank Announces Record Earnings, Capital and Deposits - MSN MoneyCentral
JACKSONVILLE, Fla. , July 14 /PRNewswire/ -- EverBank Financial Corp. today announced record earnings of $44.7 million for the first half of 2008, an increase of 162% over the $17.1 million recorded in the first half of 2007. 2008 year-to-date ...
2008-07-14 06:39:00 -
Fannie, Freddie: Not out of the woods - CNN Money
NEW YORK (CNNMoney.com) -- Shares of Freddie Mac and Fannie Mae resumed their slide Monday as investors showed they were not convinced that government support will be enough to prop up the battered mortgage giants. The continued weakness in share ...
2008-07-14 10:56:00 -
Wall Street soars as gov't plans to rescue Fannie and Freddie - Xinhua News Agency
NEW YORK, July 14 (Xinhua) -- Wall Street opened sharply higher after the U.S. government unveiled a plan to aid mortgage financiers Fannie Mae and Freddie Mac. The Federal Reserve said in the plan announced Sunday it would lend to the two companies ...
2008-07-14 08:12:00 -
To the Rescue of Fannie & Freddie (HispanicBusiness.com)
The promise of a United States government bail-out for the mortgage finance giants Fannie Mae and Freddie Mac failed to bring an immediate halt to the gathering panic over the American banking system.
2008-07-15 11:53:44 -
Bush Calls For Legislation to Aid Fannie, Freddie (Fox News)
President George W. Bush is calling on Congress to enact legislation to aid Fannie Mac and Freddie May.
2008-07-15 12:12:21 -
Bush Pushes Congress on Housing (Time Magazine)
President Bush urged lawmakers on Tuesday to move quickly in putting into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac
2008-07-15 12:20:46 -
Councilors reject override request (Weymouth News)
Town council unanimously rejected the school committee’s request to have a property tax increase question on the November ballot to raise money it cut from the school budget under a request from Mayor Susan Kay a few months ago, and to offset a $3.4 million shortfall in the town’s health insurance claims trust fund.
2008-07-15 12:27:00 -
Bush: Troubled financial system is basically sound (AP via Yahoo! News)
President Bush said Tuesday the nation's troubled financial system is "basically sound" and urged lawmakers to quickly enact legislation to prop up mortgage giants Fannie Mae and Freddie Mac. He also called on the Democratic-run Congress to follow his example and lift a ban on offshore drilling to help increase domestic oil production.
2008-07-15 12:27:40 -
And so we begin the tech sector's journey into the Heart of Darkness (The Register)
Can the nerds save the economy? Comment Does anyone else remember when technology companies were propping up this economy?…
2008-07-15 12:33:56 -
Banks hammered, market falls - News.com.au
INVESTORS have capitulated in the face of growing fears that bank write-downs are rising, sending the stock market to its lowest level in almost two-and-a-half years. The bears are in full control, with the market now 30 per cent below its peak in ...
2008-07-15 09:29:00