Mortgage and Financial News From 2008-10-4 Page 2
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Huntington County residents watching markets with fear, worry (The Herald-Press)
On Monday, Wachovia Corporation threw in the towel and was bought out by Citigroup Inc. in a deal orchestrated by the federal government. Wachovia's stock, already down 95 percent in 2008, plunged nearly 82 percent.
2008-10-04 07:41:46 -
Fallon holding its own during financial crisis (Reno Gazette-Journal)
Although the U.S. economy has faced one of its toughest years in its history of the nation -- with a second look Thursday at the proposed $700 billion bailout -- Fallon's economy has endured relatively few bumps in the road.
2008-10-04 07:43:04 -
An Ugly Market's Lessons for Investors (WallStreet Journal via Yahoo! Finance)
Stormy markets have caused much upheaval for mutual-fund investors, but also highlight important lessons.
2008-10-04 08:00:55 -
JEFFREY: Who has to pay? (The Washington Times)
Will the U.S. Treasury Department help pay your mortgage or force you to help pay someone else's?
2008-10-04 08:35:59 -
Even lower prices don't help Oregon homes sell (The Oregonian)
It's the worst time in a decade to sell in the Portland area
2008-10-04 09:06:48 -
Vignette: Nick Patrizio (Albany Times Union)
"Uneasy Main Street" -- a story of daily struggle as a Capital Region resident faces a "perfect economic storm" The mortgage meltdown hits Nick Patrizio in the pocket ? and he still lives with his parents.The 19-year-old Shenendehowa High School graduate pays his way through Hudson Valley Community College by working as a telemarketer for a mortgage broker. He gets a commission for each ...
2008-10-04 09:12:14 -
Money No. 1 concern in S.C. (The State)
MYRTLE BEACH — Kelly Marshall, owner of Mr. Microwave’s appliance repair in Myrtle Beach, depends on equipment breakdowns at busy beach restaurants and hotels. Marshall said about two-thirds of her business is from hotels and restaurants. But according to industry and state tax data, fewer travelers have visited Myrtle Beach this year. That has Marshall worried about how she’ll continue to ...
2008-10-04 09:18:33 -
CENTRAL NY BUSINESS NEWS (The Post-Standard)
• She helps with life's transitions Marlene Gallo's new business isn't exactly retail. But it could lead some folks to retail relief and unburden a little stress at the same time.
2008-10-04 09:21:32 -
Housing construction falls in August but lower mortgage rates, tax ... - Los Angeles Times
WASHINGTON (AP) _ Construction of new homes and apartments fell to the weakest pace in 17 years in August, far more than expected, but lower mortgage rates and tax credits have given builders some glimmer of hope of a possible rebound. Housing ...
2008-09-16 05:54:00 -
Mortgage Seekers Find Rates Are Down, Credit Tighter (Update1) - Bloomberg
Sept. 16 (Bloomberg) -- U.S. mortgage rates are dropping. Good luck getting a loan. Existing home prices have fallen 7.7 percent since their July 2006 high and rates dropped below 6 percent last week for the first time in more than three months. The ...
2008-09-16 10:52:00 -
Mortgage Bonds May Rally, Rates Fall on Treasury Grab (Update1) - Bloomberg
Sept. 8 (Bloomberg) -- Mortgage bonds guaranteed by Fannie Mae and Freddie Mac may rally, helping reduce home-loan rates, after the U.S. government seized control of the companies and vowed to shore up demand. Treasury Secretary Henry Paulson threw ...
2008-09-08 05:39:00 -
U.S. takes over mortgage giants - Baltimore Sun
The U.S. government announced yesterday that it was taking control of mortgage giants Fannie Mae and Freddie Mac , saying the companies' weakened finances had made it impossible for them to carry out their missions of supporting the struggling ...
2008-09-11 10:11:00 -
Jump in Mortgage Rates Disappoints Home Buyers - Wall Street Journal
Mortgage rates have jumped in the last two days even as rates on Treasurys have fallen, disappointing homeowners and potential home buyers. Rates on 30-year fixed-rate conforming mortgages currently average 6.11%, according to HSH Associates, a ...
2008-09-17 05:53:00 -
Mortgage Rates Fall on Lehman, Merrill News - US News and World Report
The latest round of financial shockers didn't just send Wall Street traders scrambling—the problems also have consumers wondering if it's a good time to buy a home or refinance, given the impact on mortgage rates. Here's how experts weigh in on ...
2008-09-20 06:30:00 -
Buy-to-let landlords seek keys to survival (Independent)
These are shocking times for homeowners. Mortgage approvals have fallen through the floor and house prices – after years of bumper growth – are now tumbling.
2008-10-04 04:19:03