Mortgage and Financial News From 2008-5-16 Page 5
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Mary Holm: Traps in renting out your house (The New Zealand Herald)
Q. I am a female, 61 years old with three jobs trying to keep my head above water. I'm thinking how ludicrous this is at my age.
2008-05-16 10:59:18 -
Obama Responds to Bush's Attack (Washington Post)
SEN. BARACK OBAMA, D-ILL.: Thank you very much. Well, thank you so much.
2008-05-16 11:47:19 -
Last roundup for an historic council (The Payson Roundup)
The final full meeting of a council that has bulldogged controversy and herded history ended quietly Thursday, with the denial of outgoing Councilor Tim Fruth's plea to double council salaries starting in 2010.
2008-05-16 12:12:59 -
April housing starts, permits up more than forecast - Reuters
WASHINGTON (Reuters) - Construction starts on new U.S. homes rose by a surprisingly strong 8.2 percent in April and applications for new building permits turned up for the first time in five months, the Commerce Department said on Friday in a report ...
2008-05-16 05:40:00 -
UPDATE 2-US's Paulson- markets calmer but not fully settled - Reuters
WASHINGTON, May 16 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday that markets have calmed down to the point where prices will be driven by economic factors including an improving housing market rather than by fear. "The markets are ...
2008-05-16 10:40:00 -
Paulson sees faster growth by year end - CNN Money
NEW YORK (CNNMoney.com) -- Treasury Secretary Henry Paulson said Friday he expects "to see a faster pace of economic growth before the end of the year." Speaking at a luncheon in Washington, Paulson said the economy will still have its "ups and downs ...
2008-05-16 10:12:00 -
Analyst Whitney says consumer worsening, weighing on lenders - Reuters South Africa
BANGALORE (Reuters) - A prominent U.S. banking analyst, Meredith Whitney, offered a gloomy outlook for the financial services sector, saying growing struggles of consumers to pay their debts will increase losses for lenders. "We remain cautious on ...
2008-05-16 10:12:00 -
Fannie lowers down payments - CNN Money
WASHINGTON (AP) -- Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the country where home prices are dropping. The government-sponsored mortgage finance company said Friday it will require minimum down ...
2008-05-16 09:43:00 -
Mortgage bailout infuriates renters - AZCentral.com
WASHINGTON - AngryRenter.com looks a bit like a digital ransom note, with irregular fonts, exclamation points and big red arrows - all emphasizing prudent renters' outrage over a proposed government bailout for irresponsible homeowners. "It seems ...
2008-05-16 09:58:00 -
Cities Sue Home Lenders as Neighborhoods Crumble - ABC News
Golebiowski, 72, remembers when flower gardens bloomed and neighbors chatted over coffee. Eleven of the 13 houses that once made up her block are vacant, condemned or demolished — victims of a foreclosure crisis that walloped this north Minneapolis ...
2008-05-16 10:05:00 -
New lease of life for mortgage-backed bonds - Financial Times
The Australian mortgage-backed bond market, which shut down last year in response to the global credit crisis, is showing tentative signs of life after Citibank raised A$500m (£243.8m). However, the US bank, which owns a domestic mortgage business ...
2008-05-16 09:58:00 -
National Asset Direct Announces Addition of Three Seasoned ... - Forbes
National Asset Direct ("NAD"), a purchaser of distressed residential assets and loans, today announced the addition of Ray Schalk, Melissa Dant and Jill Parker, all formerly of Accredited Home Lenders, to its senior management team. Louis Amaya ...
2008-05-16 08:32:00 -
Housing crisis hits Tehama? (Red Bluff Daily News)
Housing prices across the nation are dropping and, with that, the nation is seeing an increase in foreclosures.
2008-05-16 10:04:09 -
Two Democrats vying for 2nd District seat (Bowling Green Daily News)
Two men from Owensboro are vying for the Democratic nomination to seek the 2nd District Congressional seat, held by retiring U.S. Rep. Ron Lewis, R-Cecelia.
2008-05-16 10:04:12 -
Congressman Has Plan To Prevent Foreclosures (WCVB Boston)
Rep. Barney Frank laid out a plan Friday that would help homeowners avoid foreclosure.
2008-05-16 10:06:04