Mortgage and Financial News From 2008-1-25 Page 61

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  • The Bottom of the Credit Crunch? - The Daily Reckoning

    The Bottom of the Credit Crunch?The Daily Reckoning, UK - 44 minutes agoEconomist Michael T Darda tells The New York Times: “We’ve literally forgotten that is the very policy environment that led to the housing and mortgage ...
    2008-01-25 03:33:24

  • Hillary Clinton Calls For Quick Action To Stop The Foreclosure Of ... - All American Patriots (press release)

    Hillary Clinton Calls For Quick Action To Stop The Foreclosure Of ...All American Patriots (press release), Sweden - 18 minutes agoAfter all, it is indisputable that brokers and mortgage companies lured families into mortgages that were designed to end in foreclosure. This was only ...
    2008-01-25 03:59:41

  • A New Role for Emerging Economies - Russia Profile

    A New Role for Emerging EconomiesRussia Profile, Russia - 16 minutes agoThis is what happened with the subprime mortgage loans, whose collapse instigated the global credit crisis and the eventual downturn in the US economy. ...
    2008-01-25 04:00:53

  • Monolines: A New Financial Nightmare? - TIME

    Monolines: A New Financial Nightmare?TIME - 14 minutes agoFew realized what sub-prime really meant until a US mortgage market went pop last year. These days it's a by-word for bad news everywhere. ...
    2008-01-25 04:03:13

  • 25-01-2008: Looking inside the box - The Edge Daily

    25-01-2008: Looking inside the boxThe Edge Daily, Malaysia - 12 minutes ago“During the late 1980s or early 1990s, all the banks in Jamaica wanted everyone’s business so they kept cutting interest rates of mortgage loans underneath ...
    2008-01-25 04:05:03

  • Economic stimulus: Mortgage change could help Californians buy, sell, refinance (San Jose Mercury News)

    The economic stimulus package introduced Thursday included a provision long sought by California housing leaders that would benefit home buyers and homeowners across the state, but especially in the Bay Area, where residents must contend with some of the highest prices in the country.
    2008-01-25 03:15:26

  • Tax rebates (Portsmouth Herald)

    and JULIE HIRSCHFELD DAVIS
    2008-01-25 03:16:24

  • Stimulus package could mean tax rebate checks by May (The Monterey County Herald)

    WASHINGTON — With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
    2008-01-25 03:23:15

  • Over an Insurance Barrel (Washington Post)

    Imagine that you buy a house with mostly borrowed money -- a mortgage -- and the lender insists that you take out fire insurance to protect your house and his collateral.
    2008-01-25 04:04:50

  • Bitter family dispute plays out in court (The Appleton Post-Crescent)

    The first clue revealed itself inside a parked car.
    2008-01-25 04:05:46

  • Deal reached on plan to jolt economy (CentralOhio.com)

    WASHINGTON - Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.
    2008-01-25 04:13:49

  • Monolines: Finance's Next Nightmare? (Time Magazine)

    If you thought the sub-prime snafu was bad, then you'd better hope that these bond insurers can lift themselves out of the mire
    2008-01-25 04:17:08

  • China growth stats help drive TSX up; NY also higher following tax ...

    Thunder Bay Chronicle-Journal - The median home price dropped for the entire year, the first time that has occurred in four decades. Stock markets around ... bond insurers, such as Ambac and MBIA, guarantee payments on securities, including those in the collapsing subprime mortgage ...
    2008-01-24 12:16:00

  • IndyMac's Perry Sees Return to Profitability in 2008 (Update1)

    Bloomberg - ... parent company has little debt, with most of its funding coming from deposits and advances from the Federal Home Loan ... Declines in 30-year fixed-rate mortgage rates to the lowest since mid-2004 have caused applications for refinancing to surge ...
    2008-01-24 02:03:00

  • Florida's Existing Home Sales Slower in December 2007

    CNBC - Still, Yun says that 2007 should be the fifth highest year on record for existing-home sales. Florida's ... Last month, interest rates for a 30-year fixed-rate mortgage averaged 6.10 percent, down from the average rate of 6.14 percent in December ...
    2008-01-24 07:58:00

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