Mortgage and Financial News From 2008-7-11 Page 3
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Byrne faces foreclosure (The Sentinel)
Former Cumberland County chief operations officer John Byrne has defaulted on mortgage payments and faces foreclosure on his Carlisle home.
2008-07-11 10:25:43 -
Bill aims to help railroads rebuild (Waterloo-Cedar Falls Courier)
WATERLOO --- Railroads could get a break on loans to repair flood-damaged bridges in Iowa if a bill proposed by two Iowa congressmen gains congressional approval.
2008-07-11 10:08:48 -
Fallow farmland proves unsustainable (Isthmus)
Last year, Dane County grain farmer Neil Schlough pulled 12 acres of his land out of the federal Conservation Reserve Program. Schlough, who participated in CRP for 20 years, grew tired of constraints on the use of his land. His natural grasses were being lost to scrubby trees and noxious weeds. And program rules made it hard even to maintain walking trails.
2008-07-11 10:14:11 -
Business (The West Australian)
Britain is now in the midst of the worst housing slide since the Great Depression, economists declared after house price inflation dropped to the lowest level since comparable records began.
2008-07-11 10:25:53 -
Editorial Comment: The Bank cannot stop a slowdown - Financial Times
Bad news feels even worse when you are powerless to respond to it. That is the situation of the Bank of England, which is faced with a serious economic slowdown but cannot cut interest rates because of grave risks to inflation. The result will be a ...
2008-07-10 03:19:00 -
Peru hikes interest rates, reserve requirements - Marketwatch
NEW YORK (MarketWatch) -- Peru's central bank raised its key interest rate by 25 basis points to 6% late Thursday in a move to fight inflation. The rate hike is "aimed at preventing that the rises observed in the international prices of food and ...
2008-07-11 08:37:00 -
Fannie, Freddie, Folly - Slate
Fannie Mae and Freddie Mac , the two government-sponsored enterprises that play an important role in the mortgage market, are tanking today. (Here's the very sad five-year chart .) Investors are concerned that the companies, after racking up big ...
2008-07-11 03:03:00 -
Mortgage Rates Down; Discount Weekend Getaways - WXIA 11 Alive
With home sales down again, and Georgia foreclosures up almost 25 percent this June over last, Metro Atlanta continues as a strong buyers market. Prices can be negotiated as mortgage rates continue below the national average and at decade lows. The ...
2008-07-11 04:58:00 -
Questions and answers about Fannie, Freddie - Seattle Times
Q: What are Fannie Mae and Freddie Mac? A: Fannie Mae and Freddie Mac are the largest purchasers and insurers of mortgages in the country. Q: What do they do? A: They buy and guarantee mortgages from banks. Some of the mortgage debt bought by Fannie ...
2008-07-11 02:28:00 -
Fannie, Freddie pose new threat - MSNBC
The collapse of Fannie Mae and Freddie Mac shares came suddenly this week, as investors fled the two mortgage finance giants over worries they may not have the financial strength to weather the ongoing storm in the housing market. But the problems ...
2008-07-11 04:22:00 -
Talks on Mortgage Titans Continue - Wall Street Journal
The government headed into the weekend deliberating the state of struggling mortgage giants Fannie Mae and Freddie Mac , with Treasury Secretary Henry Paulson insisting that any potential rescue plan not benefit the companies' shareholders, according ...
2008-07-11 04:22:00 -
Government pledges to support U.S. mortgage giants - Detroit Free Press
Today our primary focus is supporting Fannie Mae and Freddie Mac in their current form as they carry out their important mission,” Paulson said.
2008-07-11 04:36:00 -
FACTBOX: Scenarios for possible Fannie, Freddie government help - Reuters
WASHINGTON (Reuters) - The shares of Fannie Mae and Freddie Mac plummeted this week as concerns about their capital position gave way to reports of a possible U.S. government takeover of the two mortgage-finance companies. Given that regulators have ...
2008-07-11 04:08:00 -
Markets plunge in US housing crisis (Guardian Unlimited)
US Treasury secretary steadies the ship as share indexes tumble and oil prices hit record highs
2008-07-11 06:03:26 -
/ CORRECTION - Operation HOPE, Inc. (Marketwire via Yahoo! Finance)
In the news release, "Operation HOPE Founder and U.S. President's Advisory Council on Financial Literacy Vice Chair John Hope Bryant Announces Growing Support for Committee's Work at FDIC Forum on Mortgage Lending for Low- and Moderate-Income Households," issued Wednesday, July 9, 2008, by Operation HOPE, Inc., we are advised by the company that the first sentence of the fourth paragraph should ...
2008-07-11 06:32:00