Mortgage and Financial News From 2008-10-4 Page 6
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Smoke, mirrors ... and how a handful of missed mortgage payments started the global financial crisis (Sunday Herald)
something happened which I never expected to see in my lifetime. There was a general run on the entire British banking system, something that hasn't happened before, even in wartime. Ordinary people started moving their money around from bank to bank in fear that they might lose their cash.
2008-10-04 03:32:38 -
Welfare for the well-fed (The Times of India)
To suggest that the USA has turned into the United States Socialist Republic (USSR) is a popular wisecrack.
2008-10-04 03:45:23 -
European leaders vow to fight financial crisis (Reuters via Yahoo! News)
European leaders vowed after crisis talks on Saturday to do all they could to fend off the financial mayhem that has snowballed out of Wall Street and is now hitting banks in Europe.
2008-10-04 03:51:12 -
Financial crisis: What you should know - MSNBC
The financial crisis gripping the country had already created widespread confusion about what these problems might mean for ordinary Americans, and that was before a week of political bickering over a massive financial rescue package for Wall Street ...
2008-10-03 04:01:00 -
OPINION-U.S. economy and mortgage rates - Forbes
United States - (David Beadle is a mortgage industry analyst. The opinions expressed are those of the author and should not be seen as representing the views of Reuters) NEW YORK (Reuters) - Fiscal Fitness Checkup. With mortgage underwriting ...
2008-10-03 07:26:00 -
Survey Shows Home Prices to Continue Fall (PRWeb via Yahoo! News)
As Congress battles with the $850-billion bailout rescue package, a new Housing Predictor survey shows a large majority believe housing prices will continue to fall for a number of years.
2008-10-03 12:01:00 -
Dismal math (Asia Times)
Sometimes, it is easy for commentators and other finance professionals to write articles or base their calculations on a series of mental math that somehow eludes their intended audience, thereby causing no small amount of confusion.
2008-10-03 05:26:55 -
New bank emphasizes homeownership ed (ABC 7 Chicago)
A new bank branch is placing more emphasis on the steps taken before a customer gets a mortgage or a loan.
2008-10-03 03:19:37 -
Congress approves economic recovery plan (UPDATED) (Mounds View Sun-Focus)
Friday, Oct. 3 - On its second attempt, Congress today successfully passed a bill to throw a lifeline to the sinking U.S. economy.
2008-10-03 10:24:15 -
A home page for bidding on foreclosures (Los Angeles Times)
Some firms see a place for an online market in distressed properties. Drawn by the convenience, faraway investors won't know what they're getting into. As the nation prepares to pay the price for years of unfettered property speculation, a collection of online companies is hoping to cash in on an oncoming wave of foreclosure sales by auctioning distressed homes online -- with significant ...
2008-10-04 12:20:12 -
U.S. foreclosure filings soar - Globe and Mail
Wyatt Kenoly doesn't have a lot of time to watch politicians haggle over the $700-billion (U.S.) rescue package for Wall Street or follow the stock market gyrations. He's too busy trying to stave off foreclosure of his home in Stockton, Calif. The ...
2008-09-29 05:53:00 -
Norway PM eyes more spending, rate cuts if crisis grows - Forbes
OSLO, Oct 2 (Reuters) - Norway's prime minister said he may increase budget spending next year and saw room for interest rate cuts should the global crisis worsen beyond present expectations, a leading newspaper reported on Thursday. 'When working on ...
2008-10-02 12:53:00 -
Australia's Rudd Under Fire for Giving Lenders Leeway on Rates - Bloomberg
Oct. 2 (Bloomberg) -- The Australian government has given the nation's banks an argument to withhold part of next week's potential central bank interest-rate cut, Opposition leader Malcolm Turnbull said. Prime Minister Kevin Rudd said late yesterday ...
2008-10-01 10:09:00 -
Australian banks under pressure to pass on rate reduction - Xinhua News Agency
CANBERRA, Oct. 2 (Xinhua) -- Australian Deputy Prime Minister Julia Gillard on Thursday urged the banks in the country to pass on to borrowers the maximum amount of any interest rate cut by the Reserve Bank next week. The Reserve Bank is widely ...
2008-10-01 10:16:00 -
Banks won't face pressure to cut interest rates - News.com.au
HOMEOWNERS are most unlikely to get the full benefit of an expected Reserve Bank interest rate cut this week after a meeting between Bank Governor Glenn Stevens and Prime Minister Kevin Rudd in Sydney on Friday night. Mr Stevens is understood to have ...
2008-10-04 11:35:00