Mortgage and Financial News From 2008-9-6 Page 01
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Open warfare as Labour's relaunch falters - Guardian Unlimited
Gordon Brown was pinning hopes of a revival on the stamp duty freeze, but it had little appeal for voters. Photograph: Lewis Whyld/Reuters After a week that was supposed to 'relaunch' Labour on a path to better political health, Gordon Brown heads ...
2008-09-06 04:05:00 -
US Government Close to Rescue Plan for Troubled Mortgage Lenders ... - Truth News
Sources close to talks between Bush administration officials and the chief executives of the companies say the two sides discussed the plan Friday. Under the plan, the federal government could use tax money to pay for mortgage-related losses. It is ...
2008-09-06 02:46:00 -
Cashing out the nest egg - Minneapolis Star Tribune
V ernie Anderson almost fell for the phone pitch. "Turn $30,000 into $90,000 with your own Web page," he was told. A reverse mortgage could get him the cash he needed to start an online business. But the local banker balked when Anderson asked for ...
2008-09-06 02:10:00 -
Protect yourself from games lenders play - Elkhart Truth
A consumer negotiating the terms of a mortgage with a lender or mortgage broker (henceforth "loan provider") is in what economists term a "bilateral bargaining process." Only two parties are involved, and the terms arrived at depend in part on their ...
2008-09-06 06:49:00 -
Savings and souls (Zawya)
04 September 2008 Muslims have a lot of money to invest. But it is a constant struggle to reconcile faith and finance TO SEE Islamic finance in action, visit the mutating coastline of the Gulf. Diggers claw sand out of the sea off Manama, Bahrain's capital, for a series of waterfront developments that are part-funded by Islamic instruments.
2008-09-06 10:45:42 -
HAZELWOOD: Economy's woes delay plans for hotel, water park (North County Journal)
These days, the sign extolling Crescent Pointe at the Mills has tall grass growing around it. And the only water park at the St. Louis Mills in Hazelwood is the muddy rain puddles the starlings use for a convenient birdbath.
2008-09-06 10:48:34 -
Cerberus' bet to save Chrysler near gates of hell (Akron Beacon Journal)
Stephen A. Feinberg, one of America's most powerful — and secretive — financiers, hoped to make a fortune out of the detritus of the U.S. auto industry. Instead, he seems to be losing one.
2008-09-06 11:07:36 -
Mortgage crisis has Washington putting free-market ideology aside (International Herald Tribune)
American politicians often talk of free markets and small government, but Washington has a long history of providing financial help to the private sector when the economic or political risk of a corporate collapse appeared too high.
2008-09-06 11:17:27 -
Real estate: First-time homebuyers have financing options (Florida Today)
Jon and Kelly Pollak have impeccable timing, at least when it comes to house hunting. When the couple started looking for houses in August last year, their lender advised them to look at homes priced up to $130,000.
2008-09-06 11:38:29 -
Just like that, home equity line cut in half (The News & Observer)
Carolyn and Joe Mottola signed a contract for a new house Aug. 14. They deposited a $5,000 check written on their home equity line of credit at Wachovia. That same evening, they opened a letter from Wachovia dated Aug. 11 saying that their $100,000 l
2008-09-06 11:49:28 -
U.S. mortgage giants open to rescue plan, but cost is unknown - International Herald Tribune
WASHINGTON : Fannie Mae and Freddie Mac agreed Saturday afternoon to the Bush administration's plan to rescue them, people briefed on the plan said. Under the plan, the Treasury Department will buy billions of dollars in new mortgage securities ...
2008-09-06 09:27:00 -
Obama, Mccain Call For Changes In Mortgage Giants - Guardian Unlimited
TERRE HAUTE, Ind. (AP) - Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP ...
2008-09-06 08:44:00 -
Fannie, Freddie's boards meet Saturday to mull government plan - Reuters
WASHINGTON (Reuters) - The boards of mortgage finance companies Fannie Mae and Freddie Mac were set to meet on Saturday to discuss a government plan to place the companies under federal control, sources said. The U.S. Treasury Department plan to put ...
2008-09-06 05:02:00 -
Reasonably priced wine country (The Record)
Shelley Story, a California native who has lived in New York City for more than two decades, says her friends and relatives told her she was crazy for scouting for an "affordable" second home in the San Francisco Bay Area. Well-known for its notoriously expensive real estate, the Bay Area is the nation's priciest housing market.
2008-09-06 10:23:33 -
John Tobia sneaks in under the radar (Florida Today)
It was a rare case in which staying out of the news helped a political candidate win.
2008-09-06 10:26:23