Mortgage and Financial News From 2008-7-11 Page 11
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Housing market holding strong (Helena Independent Record)
Montana’s housing market is much stronger than it is nationally because of the state’s strong economy and the refusal of most lenders here to issue subprime mortgages, state Revenue Director Dan Bucks said Thursday.
2008-07-11 12:24:55 -
How credit scores are calculated (Bankrate.com via Yahoo! Finance)
A credit score can be thought of as your credit history snapshot at one moment in time, boiled down to a number.
2008-07-11 03:00:00 -
All about credit reports (Bankrate.com)
Very few documents affect your life like your credit report. Learn how to read your financial history. OK, so you know what your credit score is. But do you know how it was calculated?
2008-07-11 03:57:44 -
Long trip through Senate over, mortgage aid faces House changes, high ... - Minneapolis Star Tribune
WASHINGTON - Struggling homeowners who can't afford their mortgages and banks facing big losses would get government help under a foreclosure rescue that has broad bipartisan support. The plan is headed for Senate passage Friday, but faces a bumpy ...
2008-07-11 01:27:00 -
Shinsei to buy GE's Japanese financial arm - Seattle Times
Japan's Shinsei Bank Ltd. said Friday it would acquire the Japanese consumer finance arm of General Electric Co. for $5.4 billion in a bid to expand its own consumer loan, credit card and mortgage businesses. Japan's Shinsei Bank Ltd. said Friday it ...
2008-07-11 04:26:00 -
London shares rally on US mortgage bailout proposals - Guardian Unlimited
Shares staged a mini-rally in London this morning, boosted by reports that the US government is working on a bailout plan for America's two largest mortgage lenders , Fannie Mae and Freddie Mac, which together own or guarantee nearly half of the ...
2008-07-11 03:43:00 -
Crunch hits bank of mum and dad (Guardian Unlimited)
Business & money: Rising bills force parents to cut back on allowances and handouts
2008-07-11 05:02:48 -
Foreclosure rescue plan poised to pass Senate (WLFI Lafayette)
Associated Press - July 11, 2008 7:43 AM ET WASHINGTON (AP) - A mortgage rescue plan is headed for Senate passage today, but it's anything but a done deal.
2008-07-11 05:08:04 -
Futures slide as Fannie, Freddie plummet (EARTHtimes.org)
NEW YORK (Reuters) - Stock index futures slid on Friday as investors worried about the widening impact of the credit crisis on the financial sector and the outlook for government-sponsored mortgage buyers Freddie Mac and Fannie Mae .
2008-07-11 05:10:47 -
Citigroup disposes of German bank (BBC News)
Citigroup sells its German consumer banking business for five billion euros as part of its efforts to return the business to profit.
2008-07-11 05:11:40 -
Business (The West Australian)
If the Reserve Bank of Australia (RBA) had any thoughts on raising interest rates again they have now probably been cast aside after the country's largest home lender raised its mortgage rates.
2008-07-11 05:12:10 -
Freddie & Fannie shares plummet premarket (INO News)
(AP:NEW YORK) Shares of Freddie Mac dropped 35 percent and shares of Fannie Mae tumbled 27 percent in premarket trading Friday as Wall Street continued to worry about the health of the mortgage companies and the potential for a government takeover.
2008-07-11 05:14:52 -
Small businesses squeezed out of loans (Miami Herald)
Buckling under the subprime crisis and a limping economy, many banks are turning off the money taps to local entrepreneurs, forcing some to put their dreams on ice or scale back plans to expand.
2008-07-11 05:15:35 -
ROUNDUP Barratt Developments sets out plan to restore investor ... - Forbes
LONDON (Thomson Financial) - Barratt Developments Plc has set out a plan to get its business back on track and reduce its 1.66 billion pounds of debt with a series of measures that will include an overhaul of its land and build costs, the possible ...
2008-07-10 04:13:00 -
Laughing All the Way to the Bank - Washington Post
Resize Authors Adrian Gostick and Scott Christopher say that humor on the job promotes creativity and helps to attract and retain employees. The two argue their case in The Levity Effect: Why It Pays to Lighten Up (Wiley, $22.95). The book is this ...
2008-07-10 08:09:00