Mortgage and Financial News From 2008-1-25 Page 54

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  • Why Liverpool fans are wrong to suck up to DIC - Guardian Unlimited

    Why Liverpool fans are wrong to suck up to DICGuardian Unlimited, UK - 2 hours agoTo no avail: Hicks and Gillett are about to secure a £350m loan to refinance their takeover, and the prospect of DIC taking over at Anfield now seems remote ...
    2008-01-25 03:35:42

  • No one knows for sure how plan will help the average American - phillyBurbs.com

    No one knows for sure how plan will help the average AmericanphillyBurbs.com, PA - 1 hour agoThe change means homeowners with so-called “jumbo loans” will be able to refinance or get new mortgages with more stable, federally backed loans. ...
    2008-01-25 04:15:03

  • Boom or bust?: Impact of stimulus package depends on whether it ... - Beaver County Times

    Boom or bust?: Impact of stimulus package depends on whether it ...Beaver County Times, PA - 1 hour agoAnd among the main beneficiaries of the rate cut will be those who can refinance their credit cards, home equity loans and mortgage rates at lower interest ...
    2008-01-25 04:34:32

  • $150 billion plan to boost economy - Santa Rosa Press Democrat

    $150 billion plan to boost economySanta Rosa Press Democrat, CA - 23 minutes agoHigher loan limits, however, do nothing for homeowners hoping to refinance out of adjustable loans if they have no equity or owe more than a home is worth, ...
    2008-01-25 05:36:40

  • Senate Pressured to OK Stimulus Deal - The Associated Press

    Senate Pressured to OK Stimulus DealThe Associated Press - 9 minutes agoThe crisis in subprime home loans has hit hard at many lending institutions, cramping credit for almost everyone else. Economic growth has all but ...
    2008-01-25 05:50:39

  • Home sales plummeted 12.8% in '07 (Honolulu Advertiser)

    The most severe real estate recession in a generation sent sales of existing homes plunging 12.8 percent last year — the steepest annual dive in 25 years — and the median U.S. home price fell, probably for the first year since the Great Depression, the National Association of Realtors said yesterday.
    2008-01-25 04:39:33

  • (AFX UK Focus) 2008-01-25 12:13 GMT: Senate pressured to OK stimulus deal (Interactive Investor)

    WASHINGTON (AP) - 0124dv--economic--stimulus
    2008-01-25 04:48:49

  • Breaks of $600 to $1200 seen (Laredo Morning Times)

    WASHINGTON - If you get a pay envelope, Uncle Sam's about to put a little something extra in it.
    2008-01-25 05:33:02

  • Economic aid - Proposed tax rebates may arrive by spring (Times-Reporter)

    WASHINGTON – If you get a pay envelope, Uncle Sam’s about to put a little something extra in it. And he wants you to go out and spend, spend, spend.
    2008-01-25 05:39:00

  • Senate Pressured to OK Stimulus Deal (The Houma Courier)

    A much-anticipated deal between the White House and once-warring House leaders to speed tax rebate checks to workers starting in May has the Senate in a bind over whether to try to add to the measure.
    2008-01-25 05:57:53

  • Dollar rises above US88c

    News.com.au - ... Generale bank had lost $A8 billion in bad stock bets had, ironically, eased market worries about the US sub-prime mortgage crisis. "We've just seen that the large losses were driven by rogue trading ... there's relief it wasn't related to the credit ...
    2008-01-24 05:17:00

  • Bond Insurer Bailout Faces Hurdles

    Street.Com - ... far made it all but impossible for these financial guarantors -- who use their own high credit ... Some have also suggested that an attempt might be made to separate the bad insurance policies that guarantors have struck on mortgage paper from the more ...
    2008-01-24 01:13:00

  • Bush: Stimulus provides 'insurance policy'

    USA Today - Fears that a recession is approaching have been fueled by falling housing prices, the subprime mortgage crisis, a credit crunch and a ... But he acknowledged there had been bad news, too. "That's what we're trying to deal with, with this package," he ...
    2008-01-24 02:39:00

  • WRAPUP 5-SocGen reels from record $7 bln rogue trader fraud

    Forbes - ... junior computer whiz at French bank Societe Generale was accused of racking up a $7 billion loss in bad ... The announcement sent a shiver through the world banking industry, which is suffering from the credit crunch as high-risk U.S. mortgage ...
    2008-01-24 02:39:00

  • Slump in new mortgages foretells housing market woe

    Guardian Unlimited - Mortgage approvals in the UK slumped to a record low in December according to figures ... the housing market, suggested there was worse to come when the impact of the credit ... The housing market at the end of 2007 was in pretty bad shape," said Brigid O ...
    2008-01-24 03:44:00

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