Mortgage and Financial News From 2008-10-5 Page 11
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If you can buy/refinance now, do it - Chicago Tribune
There was one brief, shining moment in the Wall Street tumult last week that had a few observers quietly hoping that mortgage interest rates might drop. The reasoning: Investors were pouring out of stocks and into bonds. Plus, resolving (to an extent ...
2008-10-04 11:52:00 -
Current crunch puts squeeze on plastic - Baltimore Sun
C onsumers are not just having a tougher time getting auto loans and mortgages. The credit crunch and weak economy also are taking a toll on credit cards. Maybe you have noticed that you're getting fewer offers for credit cards in the mail these days ...
2008-10-05 02:23:00 -
Pressured to Take More Risk, Fannie Hit a Tipping Point - The Ledger
“Almost no one expected what was coming. It’s not fair to blame us for not predicting the unthinkable.“— Daniel H. Mudd, former chief executive, Fannie Mae When the mortgage giant Fannie Mae recruited Daniel H. Mudd, he told a friend he ...
2008-10-05 02:16:00 -
Darling ready to rescue other banks (Independent)
Chancellor Alistair Darling today said he was ready to offer assistance to banks which get into difficulties.
2008-10-05 02:42:07 -
Polk Street insulated from Wall Street (Amarillo Globe-News)
[Editor's Note: In the wake of a $700 billion bailout of the country's finances, few can predict the future, so the Amarillo Globe-News asked people from many sectors of our economy to discuss the here and now.
2008-10-05 02:43:02 -
UK Darling: Govt Ready For "Pretty Big Steps" On Econ, Banks (INO News)
LONDON (Dow Jones)--U.K. Chancellor of the Exchequer Alistair Darling said Sunday the government is prepared for some "pretty big steps" to help the economy and the banking system, with fresh announcements to come in the near term.
2008-10-05 02:46:51 -
Ex-exec ponders mortgage calamity (Fort Wayne Journal Gazette)
Like many investors, Dick Waterfield regularly reads national and international news reports about the mortgage meltdown. But the Fort Wayne man’s understanding of the mess is clearer and deeper than most, rooted in his 40 years in the mortgage industry as former chairman of Waterfield Mortgage Co. Inc. Photo caption: Waterfield
2008-10-05 03:05:16 -
Even in current market, real estate provides tax benefits (Portsmouth Herald)
Despite the current state of the market, real estate has been a path to wealth for generations. Property ownership often provides attractive income tax benefits as well.
2008-10-05 03:08:28 -
Then & now (San Diego Union-Tribune)
On the campaign trail, Republican vice-presidential nominee Sarah Palin worries aloud that the nation “could be on that path” to the Great Depression. Her Democratic rival, Joe Biden, compares this year's election to the Depression-era clash between Herbert Hoover and Franklin Roosevelt.
2008-10-05 03:10:19 -
Subprime mortgage defaults rise in Salem (Salem Statesman Journal)
The consequences of the housing boom and subprime mortgage meltdown in the past several years is having substantial effects on Oregon's economy.
2008-10-05 03:19:02 -
Locals feel pinch from Wall Street (Plymouth Observer)
When Wes Smith, CEO of automotive supplier E&E Manufacturing in Plymouth, went searching for more competitive interest rates on a line of credit, the reality of the current financial crisis hit home.
2008-10-05 03:57:43 -
Business calendar - Columbian
Nonprofit and Business Connections Fair: The Nonprofit Network Southwest Washington sponsors an event to connect nonprofit organizations to information and resources, 8 a.m. to noon at the Hilton Vancouver Washington, 301 W. Sixth St. Main topics ...
2008-10-04 11:52:00 -
Paulson vows to speed rescue to financial system - Caspar Star-Tribune
WASHINGTON - Signed and sealed, the $700 billion bailout now must be delivered. After 14 days, three votes and billions of dollars in stock market losses to get the massive financial rescue through Congress, the government is rushing to develop a ...
2008-10-05 01:04:00 -
Browser: Google search gives glimpse of the past - Omaha World-Herald
There's no DeLorean or flux capacitor involved, but it does feel like going back in time. In honor of its 10th birthday, Google posted its oldest available search index last week, which provides a picture of the Internet in January 2001. Pre-war on ...
2008-10-05 02:01:00 -
Financial Meltdown - Pensacola News Journal
To try and make some sense of a historic and tumultuous week, the News Journal assembled a panel of local banking, business and economic experts to discuss the potential impact of the legislation signed by President Bush on Friday. Like it or not ...
2008-10-04 10:34:00