Mortgage and Financial News From 2008-10-10 Page 01
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Financial crisis is rooted in 1977 law; solution is more socialism - Canton Repository
• Latest Videos, Slideshows, Audio... The credit crisis we face is rooted in the excesses of free-market capitalism and Wall Street. Right? Wrong! This accusation is just another example of government's favorite shell game, aided and abetted by the ...
2008-10-10 08:46:00 -
Meltdown 101: Bankruptcy won't help borrowers much - Forbes
For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren't allowed to alter the total amount owed ...
2008-10-10 03:46:00 -
Fuel bill rises, negative equity and job fears add to burden - Guardian Unlimited
There is growing evidence that the financial meltdown is starting to take hold on the high street as a host of reports published yesterday all concluded one thing: British consumers are in for one of the toughest years in recent memory. Citizens ...
2008-10-10 10:19:00 -
More rate cuts are needed say lenders - Scotsman.com
MORTGAGE lenders last night warned that more interest rate cuts would be needed to restore consumer confidence, following a roller coaster week in the world of finance. of England’s base rate – which was announced by Gordon Brown, the Prime ...
2008-10-10 04:00:00 -
Brandon Barber Offices Foreclosed (The Morning News)
SPRINGDALE -- Lenders to Brandon Barber had another day in court Wednesday. Legal counsel for Legacy National Bank and Citimortgage had to sort out consent judgments and foreclosure decrees on the Old Missouri Office Building in Springdale, and a home belonging to the real estate developer and his wife, Kerri Barber.
2008-10-10 10:40:10 -
Chamber applauds Poe for bemoaning bailout (Baytown Sun)
As Rep. Ted Poe, R-TX, walked out from behind the lectern at Tuesday’s Chamber of Commerce luncheon, a host of Baytown business owners and state and city officials gave him a standing ovation.
2008-10-10 10:46:34 -
There's 'plenty of money' for loans, bankers report (The Findlay Courier)
Despite fear and rumors that credit has dried up, one still can get a loan to buy a house, car, college education or farm supplies.
2008-10-10 10:52:14 -
Five Home-buying Myths (Today's News-Herald)
(ARA) - As first-time homebuyers grow curious about the home-buying process, they often turn to friends and family for advice about purchasing a home. While these sources can provide useful tips and information, they also may perpetuate some common home-buying myths.
2008-10-10 11:02:33 -
Some Mainers still need help in home crisis (Bangor Daily News)
WASHINGTON — Maine’s foreclosure rate is low compared with other states. But homeowners facing foreclosure still need help, state officials say.
2008-10-10 11:09:56 -
Meltdown 101: Bankruptcy and foreclosure (Cape Cod Times)
Can filing for bankruptcy help homeowners facing foreclosure?
2008-10-10 11:13:47 -
Rockland home prices fall 11 percent in third quarter (The Journal News)
RAMAPO - Tighter credit and fears that home prices haven't yet fallen to their lows kept homebuyers at bay during the summer months, according to real-estate sales figures for Rockland and Orange counties released yesterday.
2008-10-10 11:30:50 -
If You Can't Sell It, Why Not Rent Your Home? - US News and World Report
The nation's painful housing bust has put sellers in a serious lurch. To get their properties sold , many sellers will have to make sharp reductions to their asking prices—a necessary evil that can rob the investment of its return. But Danielle ...
2008-10-10 09:01:00 -
A chance encounter - Baltimore Sun
T here are no such things in life as a free lunch, or a $100 house. Yet there seems to be a growing number of ever-so-tantalizing home raffles popping up, as more homeowners embrace innovative ways to beat the housing slump. Two are running in ...
2008-10-10 09:15:00 -
Subprime scapegoats - Boston Globe
AMID A GLOBAL financial crisis that began with unsustainable loans to people with bad credit, it was only a matter of time before apologists for Wall Street excesses would try to pin the blame on the poor - and on government policies meant to help ...
2008-10-10 09:15:00 -
Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets - Bloomberg
Oct. 11 (Bloomberg) -- Federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled financial assets and resuscitate ...
2008-10-10 09:15:00