Mortgage and Financial News From 2008-10-4 Page 12
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Local monetary market stable: central bank (Vietnam Net)
VietNamNet Bridge – Despite fluctuations in the world financial market caused by the ongoing financial crisis in the U.S., the monetary situation in Viet Nam has remained stable, the State Bank of Viet Nam (SBV) said on Friday.
2008-10-04 03:57:00 -
Chronology: Financial Crisis Spreads From US to World Markets - Deutsche Welle
March/April 2007: New Century Financial corporation stops making new loans as the practice of giving high risk mortgage loans to people with bad credit histories becomes a problem. The International Monetary Fund (IMF) warns of risks to global ...
2008-10-04 01:41:00 -
How, and when, the $700 billion bailout should help economy - AZCentral.com
As Congress ended a tumultuous week by passing an emergency bill to prop up the economy, an anxious public wonders: How long until the legislation shows results? Supporters expect to see more loans getting approved, certain interest rates easing and ...
2008-10-04 01:34:00 -
Treasury to Hire Asset Management Firms to Jumpstart Rescue - Bloomberg
Oct. 4 (Bloomberg) -- Treasury Secretary Henry Paulson is hiring as many as 10 asset-management companies to join the lawyers and bankers he is recruiting to kickstart the government's new $700 billion bank-rescue program. The Treasury began ...
2008-10-04 12:15:00 -
AIG to sell business units to repay debt (Louisville Courier-Journal)
Insurer American International Group said yesterday it plans to sell a number of business units to pay off its massive government loan.
2008-10-04 01:49:01 -
How, and when, the $700 billion bailout should help economy (The Arizona Republic)
Supporters expect to see loans getting approved, interest rates easing and stock volatility decreasing soon.
2008-10-04 01:51:01 -
Bailout bill passes; Bush signs (The Monterey County Herald)
WASHINGTON — They held their noses and voted "yes." Now lawmakers in both parties — along with President Bush — are waiting to see whether their historic $700 billion bailout for the financial industry can stabilize the tottering economy and prevent a broader meltdown.
2008-10-04 01:51:45 -
CA-BUSINESS Summary (The Globe and Mail)
TORONTO (Reuters) - "Nowhere to run to, baby, nowhere to hide," Martha and Vandellas sang in their 1965 Motown megahit. It's a tune that Bay Street investors can probably relate to, faced with a market that seems to be sliding across the board.
2008-10-04 01:59:47 -
Mass. banks stand to make gains - Boston Globe
The shape of the Massachusetts banking industry, dominated by four out-of-state giants and dozens of community banks, isn't likely to change as the big national banks consolidate, analysts said. But the ferment might work to the advantage of ...
2008-10-03 09:38:00 -
Homeowners stop using properties to gain loans - Guardian Unlimited
Homeowners have stopped using their properties as a cash machine to splash out on kitchens or pay off credit card debts, according to Bank of England figures yesterday which revealed an extraordinary collapse in mortgage equity withdrawal. During ...
2008-10-03 05:56:00 -
Halifax hikes its mortgage rates - Guardian Unlimited
Britain's biggest mortgage lender has become the latest mortgage lender to hike its mortgage rates. Halifax said it was raising its rates by up to 0.25%, following last week's increase of up to 0.45%. The group blamed the move on continued increases ...
2008-10-04 12:37:00 -
Public records for Oct. 4, 2008 (Daytona Beach News-Journal)
Courthouse
2008-10-04 12:24:55 -
Credit markets slow to loosen up after $700B measure (Courier-Post)
The credit markets finally got a bailout bill, but the stranglehold hasn't let up -- a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery.
2008-10-04 12:26:53 -
Bush throws billions at markets (icWales)
THE US government acted "boldly" and took "decisive action" to prevent the crisis on Wall Street spreading across the country, President George Bush said last night.
2008-10-04 12:29:39 -
Investors are cautious, skeptical about bailout (Philly.com)
NEW YORK - The stranglehold on the credit markets continued yesterday after the House approved a revised $700 billion financial bailout, with investors nervous that the plan is at most a first step in repairing the faltering U.S. economy.
2008-10-04 12:33:12