Mortgage and Financial News From 2008-3-28 Page 6
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Mortgage reform bill heads to Ky. Senate (Louisville Courier-Journal)
An effort to bring reforms to Kentucky's lending industry and to lower penalties for paying off mortgages early could be approved by the state Senate as soon as today.
2008-03-28 02:50:37 -
Tricky Real Estate Market Sees Home Sales Down, Commercial Demand Up (Vineyard Gazette)
The gradual two-year decline of residential home sales now resembles a bobsled run: it’s picking up speed but has some interesting twists and turns.
2008-03-28 03:07:40 -
Get Extra Cash By Refinancing Your Car (Richfield Reaper)
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from?
2008-03-28 03:47:17 -
Economic Stimulus Package Generates Mixed Response from Industry (Multi-Housing News)
Washington D.C.-- Kieran P. Quinn, CMB, chairman of the Mortgage Bankers Association (MBA) praised the Bush administration’s new stimulus package, announced this week, that includes housing provisions designed to help borrowers and stabilize the housing and mortgage markets.
2008-03-28 04:02:09 -
The Candidates' Plans to Fix the Economy (BusinessWeek Online via Yahoo! News)
If there was ever any doubt the economy has moved to center stage in the Presidential campaign, this was the week that dispelled it. Coming on the heels of the Bear Stearns rescue and deepening worries about the state of the housing and financial markets, all three contenders in the race, Senators Hillary Clinton (D-N.Y.), John McCain (R-Ariz.), and Barack Obama (D-Ill.) hit the hustings to ...
2008-03-28 05:08:42 -
In a tightening lending market, FHA loans are enjoying a revival (The Morning Call)
With the housing downturn and credit crunch in full force, it might be time for home buyers and homeowners to learn more about a federal mortgage program launched during the Great Depression.
2008-03-28 05:24:43 -
What You Don’t Know Will Hurt You (Wall Street and Technology)
Each day investors wake up to more bad news in the financial markets. Worse yet, many thought their assets were safe, only to find out that the financial crisis is hurting even low-risk investments.
2008-03-27 10:12:26 -
Pr. George's bucks local population trend with 2007 decline; housing market cited (The Washington Examiner)
Prince George's County lost more than 2,000 residents last year, making it the only county to lose population in a region that experienced modest growth, according to Census Bureau data.
2008-03-28 12:08:26 -
Market falls, but frenzy eases (The News & Observer)
There's no headlong rush for the door even though tech and financial stocks sag.
2008-03-28 12:33:41 -
Washington Mutual losses a concern (Detroit Free Press)
Washington Mutual Inc., the largest U.S. savings and loan, may lose $4.2 billion this year because of mounting losses on home loans, CreditSights Inc. said in a report Thursday.
2008-03-28 12:37:31 -
Obama Casts Wide Blame for Financial Crisis and Proposes Homeowner Aid (NYTimes.com via Yahoo! Finance)
Barack Obama called for tighter regulation of lenders as he spoke of pumping $30 billion into the economy to shield homeowners.
2008-03-28 12:41:04 -
Shopping for house? Hop on the bus, Gus (The Scranton Times-Tribune)
The region’s growing pool of foreclosed houses is starting to attract a crowd.
2008-03-28 01:09:11 -
Car dealers find solace in Seuss (Denver Post)
Would you? Could you? In a car?
2008-03-28 01:14:52 -
Our view: Welch on our disappearing wealth (Eagle-Tribune Online)
After a very successful career in the corporate world, Massachusetts native Jack Welch now pens a column with wife Suzy for the readers of BusinessWeek magazine.
2008-03-28 03:32:08 -
Your number's up (Asia Times)
It was no big surprise that Total Fed Credit was up a whopping US$9.6 billion last week as the Fed continued creating money and credit to bail out its nasty little friends on Wall Street to prevent the boom, that resulted from decades of the Federal Reserve stupidly creating too much money and credit, from turning into the bust that is, alas, inevitable.
2008-03-28 03:47:06