Mortgage and Financial News From 2008-9-22 Page 14
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Economists see financial bailout as necessary (Telegraph-Journal)
The U.S. economy could suffer a massive hangover from the American government's efforts to rescue the financial system in the form of a soaring debt burden. But the alternatives look infinitely worse.
2008-09-22 02:10:46 -
Dollar May Get `Crushed' as Traders Weigh Up Bailout (Update3) (Bloomberg.com)
Sept. 22 (Bloomberg) -- Treasury Secretary Henry Paulson 's plan to end the rout in U.S. financial markets may derail the dollar's three-month rally as investors weigh the costs of the rescue.
2008-09-22 02:37:58 -
UK House Prices Fall For Fourth Straight Month In September (INO News)
(RTTNews) - UK house prices continued to decrease for the fourth straight month in September, though the pace slowed compared to the previous month, a closely watched survey revealed Monday.
2008-09-22 03:33:08 -
Money-Market Rate Declines on $700 Billion Bad-Debt Rescue Plan (Bloomberg.com)
Sept. 22 (Bloomberg) -- The cost of borrowing in dollars overnight fell after the U.S. government widened the scope of its $700 billion bank rescue plan in an attempt to shore up the financial system.
2008-09-22 04:29:38 -
House and Home - Hartford Courant
A new open-air market has set up shop weekdays in downtown Hartford. "How Bazaar" features vendors selling jewelry, watches, sunglasses, wraps and scarves, cellphone accessories, purses, belts, sundresses, books and CDs. Through the end of October ...
2008-09-11 05:29:00 -
Mortgage Video Gallery - CNBC
Discussing a new mortgage model that could put Fannie and Freddie out of business all together, with Rep. Scott Garrett,... If you're thinking of buying a house or refinancing your mortgage, you might want to wait a bit longer. The rate on a 30-year ...
2008-09-10 04:21:00 -
Variable mortgage still way to save - The Chronicle Herald
THE TURMOIL in the subprime mortgage market south of the border continues to have reverberations around the world. One result is some belt-tightening in the Canadian mortgage market. Mortgage broker Glen Ward points out that this time last year ...
2008-09-22 01:27:00 -
Rescue plan's success hinges on housing rebound - Globe and Mail
OTTAWA — U.S. Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke's $700-billion (U.S.) bailout of Wall Street could stop the bleeding, but their nation's economy remains seriously wounded and is at least a year away from a ...
2008-09-22 01:55:00 -
The Bank of England's folly will send us into depression - Guardian Unlimited
Events of the past week mark a watershed. Most now realise that the UK is heading for a deep recession in 2009. But the risks are much greater. Unless the government forces the Bank of England to cut interest rates fast, it is not recession we should ...
2008-09-22 12:37:00 -
Seven Common Credit Myths Dispelled (Carteret County News-Times)
(ARA) - With the economy reeling and home loan rates at a nine-month high, lenders are scrutinizing everyone's credit history like never before. Yet, many Americans don't realize the impact of late payments on their credit score and their finances.
2008-09-22 02:38:14 -
Federal bailouts common, but effectiveness debatable (The Cincinnati Enquirer)
If the history of previous bailouts holds any lesson, however, it's that the outcomes are unpredictable and the problems will take years to work out.
2008-09-22 02:40:11 -
Asian Stocks Advance on U.S. Rescue Plan, Short-Selling Bans (Bloomberg.com)
Sept. 22 (Bloomberg) -- Asian stocks surged, led by financial and commodity companies, after the U.S. government proposed buying $700 billion of bank assets and Australia and Taiwan restricted the short sale of equities.
2008-09-22 02:49:12 -
Fannie, Freddie Subprime Spree May Add $100 Billion to Bailout (Bloomberg.com)
Sept. 22 (Bloomberg) -- Freddie Mac Chief Executive Officer Richard Syron stood before investors at New York's Palace Hotel in May last year lauding his company's ``cautious'' avoidance of the subprime-mortgage crisis.
2008-09-22 02:55:47 -
Dollar Extends Downtrend Against Majors (Nasdaq)
(RTTNews) - During early European deals on Monday, the US dollar extended its Asian session downtrend against other major currencies. The dollar thus plummeted to new multi-week lows against the euro and the pound and a 4-day low against the franc.
2008-09-22 02:56:36 -
Flexibility pays in economy - Chicago Tribune
Edward Wanland saw an opportunity in a down market, but it didn't last. Last Chance Foreclosure, the online real estate service he launched last year to help investors buy foreclosed residential properties, proved to be short-lived. "The market just ...
2008-09-21 11:54:00