Mortgage and Financial News From 2008-7-12 Page 5
Previous Day: 2008-07-11
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City a rare bright spot on the home foreclosure front (The Fayetteville Observer)
Military towns across the U.S. have been hit hard during the foreclosure crisis. In Norfolk, Va., home of the nation’s largest naval station, foreclosures in the first three months of 2008 more than doubled from a year ago.
2008-07-11 09:07:09 -
`Anil Ambani is no one to guide me vis-a-vis the Congress` (Business Standard India)
Amar Singh is the man of the moment.
2008-07-11 10:03:31 -
What are Fannie Mae and Freddie Mac? (Cape Cod Times)
NEW YORK — Some questions and answers about Fannie Mae and Freddie Mac and their role in the mortgage market:
2008-07-11 11:07:56 -
Fannie and Freddie: A look at what they do (Philly.com)
NEW YORK - Questions and answers about Fannie Mae and Freddie Mac and their roles in the mortgage market: Question: What are Fannie Mae and Freddie Mac?
2008-07-12 01:14:27 -
Life assurance loans may catch you out (Independent Online)
In light of the cautionary statement issued by Judge Brian Galgut, the Ombudsman for Long-term Insurance, about the dangers of borrowing against a life assurance investment policy, I asked the major life companies about loans and "hidden" loans.
2008-07-12 04:05:15 -
General Growth Properties closes 3-year, $875M loan facility - Forbes
NEW YORK (Thomson Financial) - General Growth Properties Inc. late Friday said it closed an $875 million three-year secured mortgage loan facility at a fixed annual rate of 5.64%. The loan has two one-year extension options that are 'subject to ...
2008-07-11 02:35:00 -
Crumbling at the core? - Dalles Chronicle
WASHINGTON — The last thing the Bush White House and the rest of the country needed in these economically trying times was another financial crisis. But they got one. The Republican administration and Democratic-run Congress now are facing the ...
2008-07-12 09:19:00 -
Deadline day for Northern Rock suitors - Edinburgh News
INVESTORS were today expected to submit formal bids to take control of crisis-hit mortgage lender Northern Rock, with a Government deadline for bids expiring tonight. As many as three bids are expected. Sir Richard Branson’s Virgin-led consortium ...
2008-07-12 08:21:00 -
Harley-Davidson opens museum in Wis. - MSNBC
He could agree to refinance the $90 million loan that executives took out a few years before to buy the company back from American Machine and Foundry Co., or make them declare bankruptcy. The banker allowed the company to refinance — at the last ...
2008-07-12 05:08:00 -
Revvin' it up (The Bryan-College Station Eagle)
By CARRIE ANTLFINGER Associated Press MILWAUKEE -- A banker held beloved motorcycle-maker Harley-Davidson's fate in 1984. He could agree to refi ...
2008-07-12 04:32:30 -
Senate passes foreclosure rescue (ABC 15 Phoenix)
WASHINGTON (AP) - A massive homeowner rescue plan has cleared the Senate and goes next to the House of Representatives for a rewrite. The measure would authorize the FHA to back as much as $300 billion in new mortgages and it easily cleared the Senate yesterday with bipartisan support.
2008-07-12 08:56:48 -
Can dollar hold its base with Fannie, Freddie fiasco? (India Daily)
The US dollar has nose-dived to test its previous all time low as Fannie, Freddie has gone south towards insolvency.
2008-07-12 10:35:27 -
Federal Reserve bans penalties on mortgages that make it harder for people to refinance (India Daily)
Federal Reserve wants to stop abusive lending practices that have created a total mess of the US economy and the meltdown now is spilling over the rest of the world economies.
2008-07-12 10:35:37 -
By Large Margin, Senate Votes to Help Homeowners and Overhaul Loan Agencies (NYTimes.com via Yahoo! Finance)
The bills passed Friday include a rescue plan to help hundreds of thousands of borrows avoid foreclosure and a regulatory overhaul for Fannie Mae and Freddie Mac.
2008-07-12 10:36:55 -
Condos create office boom on south side (The Argus Leader)
On Sioux Falls' south side, a small surge of office construction is going the way of condominium development.
2008-07-12 12:03:51