Mortgage and Financial News From 2008-3-15 Page 8
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House committee clears legislation dealing with foreclosures, mortgage ...
Baltimore Sun - Another measure would make mortgage fraud a crime punishable by up to 10 years in ... loans, usually peddled to higher-risk borrowers with lower incomes or poorer credit ... bill would enable the state banking commissioner to track and expose the "bad ...
2008-03-15 12:44:00 -
Bush Won't Be Forced Into `Bad Decisions' on Economy (Update1)
Bloomberg - Bush Won't Be Forced Into `Bad Decisions' on Economy (Update1) ... congressional plan that would give bankruptcy judges powers to reduce mortgage debts ... The collapse in housing has rippled into credit markets as foreclosures boost ...
2008-03-15 12:30:00 -
Text of President Bush's weekly radio address (3/15) (Market Watch)
Good morning. On Friday, I traveled to New York City to talk about the state of our economy. This is a topic that has been a source of concern for families across America. In the long run, we can be confident that our economy will continue to grow, but in the short run, it is clear that growth has slowed.
2008-03-15 12:25:31 -
Bush Won't Be Forced Into `Bad Decisions' on Economy (Update1) (Bloomberg.com)
March 15 (Bloomberg) -- President George W. Bush , under fire from Democrats who say he's doing too little to help homeowners facing foreclosure, said he won't be stampeded into ``bad policy decisions'' that might harm the economy.
2008-03-15 12:40:14 -
House committee clears legislation dealing with foreclosures, mortgage fraud (Baltimore Sun)
Legislation aimed at helping Maryland homeowners avoid the rising tide of foreclosures cleared a House committee today, paving the way for full House action this week on one of the O'Malley administration's priorities.
2008-03-15 12:56:04 -
The Lies You Should Watch Out For (The Motley Fool)
If you're in debt and facing the possibility your home may be repossessed, watch out for the IVA vultures who will try to scam you out of £13,000.
2008-03-15 01:17:35 -
Fed's Bernanke uses all his weapons to fight crisis (The Star-Ledger)
�Rate cuts and rate hikes. For many, that's the extent of their Federal Reserve vocabulary list. That's because, as long as anyone can remember in the CNBC TV generation, that's about as creative as the Fed got when it tinkered with the economy and the financial markets.
2008-03-15 01:25:53 -
Should You Unlock Capital From Your Home? (The Motley Fool)
Does it make sense to borrow more money against your home?
2008-03-15 02:43:13 -
Spirit receives contract to build Rolls-Royce BR725 engine
Wichita Business Journal - The propulsion package, company representatives say, will introduce new technology in the design and manufacturing of the thrust reverser and offer optimum performance with fuel efficiency and reverse thrust.
2008-03-14 02:11:00 -
A transcript follows.
Washington Post - She was hoping to get a reverse mortgage but is unable to because the value of the home has dropped. ... We own our home without any mortgages or liens. No car loans. My husband and I are both self-employed.
2008-03-13 11:06:00 -
Crunch curbs Bluestone lending
The Australian - ... across residential and commercial would not affect its reverse mortgage business, Bluestone Equity Release. Bluestone said that since its launch in 2000 it had originated and securitised more than $5billion in residential and commercial mortgages.
2008-03-14 06:04:00 -
Flip? Flop
Globe and Mail - ... records backwards, you often get your wife back, your house back, your car back, and your credit cards back - in the reverse ... The percentage of Florida home mortgages entering the foreclosure process tripled between the fourth quarters of 2006 and 2007 ...
2008-03-14 01:11:00 -
Bush Says Policy Makers to Take `Appropriate Steps' (Update7)
Bloomberg - A surge in defaults on mortgages to higher-risk borrowers spurred the collapse of the U.S. home-loan market. ... Bush ``is looking more and more like Herbert Hoover '' by failing to take the steps necessary to reverse the rise in ...
2008-03-14 01:07:00 -
Monday, March 10
News.com.au - CHINESE Government employees should be banned from offering or receiving cigarettes on social occasions, a member of parliament said, a move that would reverse an entrenched tradition and is unlikely to see the light of day.
2008-03-15 06:25:00 -
Bear Stearns Bailed Out by Fed, JPMorgan
Newsday - Last summer, two hedge funds worth billions of dollars managed by Bear Stearns collapsed because of bad bets on securities backed by subprime mortgages -- loans given to customers with poor credit history.
2008-03-14 08:42:00