Mortgage and Financial News From 2008-7-28 Page 01
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State Debate: Mortgage bill needed to help economy - Wisconsin State Journal
Brown and Outagamie counties are studying the feasibility of shifting some workers to four 10-hour days a week if it can save energy costs. It's worth a look. Dozens of states are investigating the idea -- and Utah state government is actually ...
2008-07-28 06:44:00 -
No "Mortgage Meltdown," but ... - Los Angeles Times Blogs
Respected real estate columnist Kenneth Harney today takes issue with conventional wisdom that there has been a "mortgage meltdown" that has made mortgage money harder to come by. "Mortgage money is plentiful," he writes, " the majority of mortgage ...
2008-07-28 11:30:00 -
Who Wants Low Mortgage Rates? - Best Syndication
Who doesn't want low mortgage rates? A low mortgage interest rate means spending less on your monthly payments during the course of the mortgage. A low mortgage rate can save homebuyers like you several thousand dollars. A low mortgage rate means ...
2008-07-27 02:01:00 -
Senate Passes Mortgage Reform Bill, Sends it to for Bush's Signature - HuntingtonNews.Net
Washington, DC (HNN) – In a rare Saturday session, the Senate voted to pass the Foreclosure Prevention Act. Sen. Jay Rockefeller, D-WV voted for the bill that aims to address the foreclosure crisis gripping the nation, while also helping West ...
2008-07-27 05:33:00 -
Fraud, Greed and Special Interests in the Mortgage Crisis Cost Everybody (Blogcritics.org)
A housing rescue bill is on its way to the President for signature, though it probably does most good for the enablers of the crisis. If you think the factors that enabled the mortgage crisis have been fixed, think again. An example of this might be the Tennessee minister (Reverend Steve Young)-- awaiting sentencing after pleading guilty to mail and wire fraud to commit mortgage fraud -- who ...
2008-07-27 08:25:59 -
Foreclosure crisis: It all starts with one missed payment (St. Louis Post-Dispatch)
Not long ago, home foreclosures were limited to a precious few of us. Few paid attention to the process, which is dominated by a few insiders.
2008-07-27 09:59:37 -
Rescue bill to aid homeowners and builders as well as Fannie Mae and Freddie Mac (Providence Business News)
WASHINGTON – A landmark housing measure that cleared Congress this weekend will offer assistance to homeowners facing foreclosure, as well as ailing mortgage giants Fannie Mae and Freddie Mac.
2008-07-28 10:24:28 -
Foreclosures rise here (Pittsburgh Post-Gazette)
As the foreclosure crisis steamrolled across the nation, the Pittsburgh area mortgage market remained stable, largely due to homeowners here preferring more conservative mortgage products. ...
2008-07-28 09:29:35 -
Working to save homes (Connecticut Post)
For help with a mortgage call HSBF at 1-800-505-6595 or the UnitedWay's 211 Infoline. STRATFORD — In the Town Hall's echoing Council Chamber, U.
2008-07-28 10:28:23 -
Fighting off failure was a family affair - Daily Telegraph
"I will never forget the moment my dad picked up the phone and called the administrator. All of us felt physically sick. It was absolutely gut-wrenching. I went home in despair," recalls Mark Felstead. It was the day after his 30th birthday ...
2008-07-28 12:56:00 -
XL Capital Ltd Announces Plans to Offer Ordinary Shares and Equity ... - MSN MoneyCentral
HAMILTON, Bermuda , July 28 /PRNewswire-FirstCall/ -- XL Capital Ltd ("XL" or the "Company") XL announced today that it currently plans to offer approximately $2.5 billion of securities in a combination of ordinary shares (the "Ordinary Shares") and ...
2008-07-28 12:56:00 -
IMF predicts more housing-related pain - Times Online
Persistent stresses in global financial markets and still-mounting losses for banks on both sides of the Atlantic threaten to aggravate the worldwide economic downturn, the International Monetary Fund said yesterday. Almost a year after the global ...
2008-07-28 03:05:00 -
Princeton National Bancorp, Inc. Generates Record Core Earnings During ... - MSN MoneyCentral
President Tony J. Sorcic stated, "Princeton National Bancorp, Inc. is excited to announce record earnings for the first six months of 2008. Net income of $4,111,000 represents a 37.9% increase over the 2007 net income of $2,982,000. Fully diluted ...
2008-07-28 11:44:00 -
Business conditions 'worst since 9/11' - News.com.au
BUSINESS conditions have fallen to the lowest point since the aftermath of the 2001 US terror attacks as firms battle slowing demand and high interest rates. As a result, National Australia Bank (NAB), the nation's second biggest bank, expects ...
2008-07-28 08:41:00 -
Banner Corporation Announces Second Quarter Results; Includes Provision for Loan Losses of $15 Million and Non-cash ... (PrimeNewswire via Yahoo! Finance)
WALLA WALLA, Wash., July 28, 2008 -- Banner Corporation , the parent company of Banner Bank and Islanders Bank, today reported that, as a result of the significant decline in its stock price and market capitalization during the second quarter in conjunction with similar declines in the value of most financial institutions and the ongoing disruption in related financial markets, it has decided ...
2008-07-28 04:00:00