Mortgage and Financial News From 2008-6-29 Page 9
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How should McCain and Obama decide the VP? - Detroit Free Press
Now that Illinois Sen. Barack Obama has officially become the presumptive Democratic nominee for President, the attention has turned to both his and Sen. John McCain’s next step – choosing their running mates. Not only will the decision about ...
2008-06-29 12:01:00 -
BNP head sees worst of global crisis over-report - Reuters
MILAN (Reuters) - The worst of the financial crisis is over and markets should start settling from the second half of this year, the head of France's biggest listed bank, BNP Paribas, told Italy's La Repubblica newspaper. "The worst should be over ...
2008-06-29 01:56:00 -
Merrill's Loss, Writedown Estimates Raised by Lehman (Update2) - Bloomberg
June 27 (Bloomberg) -- Merrill Lynch & Co. had its second- quarter loss estimate increased by Lehman Brothers Holdings Inc. on expectations subprime-related writedowns will be more than twice as big as previously thought. Lehman analyst Roger Freeman ...
2008-06-27 01:04:00 -
BAY AREA BIZ (San Francisco Chronicle)
Bay Area real estate: Buy, sell or wait The real estate bubble has burst, borrowers are defaulting on mortgages and people are losing their homes. In this gloomy climate, the Commonwealth Club will host a forum with local experts on Tuesday to discuss today's...
2008-06-29 12:52:56 -
Sales build slowly for revival project (Fort Wayne Journal Gazette)
A year after its groundbreaking, Renaissance Pointe suffers the same ills facing much of the nation’s housing industry.
2008-06-29 03:29:52 -
Lawmakers should open door to all finances - Fort Wayne Journal Gazette
I can’t say it would make your life or mine any better. But Sens. Richard Lugar and Evan Bayh and their colleagues should have to disclose it. Members of Congress are required to give the public a broad-brush peek at their personal finances each ...
2008-06-29 02:53:00 -
Countrywide CEO Helped Many Get Loans - Wall Street Journal
More and more "Friends of Angelo" are surfacing. As the mortgage market was wobbling a year ago, Angelo Mozilo, chief executive of Countrywide Financial Corp., intervened to help the daughter of a casino manager and her fiancé borrow to buy a home ...
2008-06-27 06:23:00 -
Fitch Affirms Banc One/FCCC Commercial Mortgage Pass-Thru Certificates ... - Earthtimes
--$10.3 million class H at 'AA'. --Interest-only class X at 'AAA'; Fitch does not rate the $14.3M class J certificates. The class A-1, A-2, B, C, D, E, F and G certificates paid in full. Although the transaction has paid down 97% since issuance ...
2008-06-27 01:04:00 -
Paying off the mortgage - Winnipeg Free Press
Home ownership has become easier than ever -- it's a platitude bandied about often in recent years. Despite soaring real estate prices, more than two-thirds of Manitoba households own their homes, according to Statistics Canada. Forty-year ...
2008-06-29 12:59:00 -
Local banker: Economic problems 'severe' (Martinsville Bulletin)
Martinsville banker Worth H. Carter Jr. says the nation’s economy is the worst he has seen in his nearly 50 years in banking.
2008-06-29 03:08:50 -
New master gardeners graduate from program (Las Vegas Review-Journal)
Forty-one people are now graduates of the University of Nevada Cooperative Extension's master gardener program. They have completed 70 hours of horticulture training and passed the final exam.
2008-06-29 03:12:25 -
Credit cleanup (San Diego Union-Tribune)
People used to obsess over frequent-flier miles. Now, with lending standards getting tighter, they're applying similar energy to improving their credit scores. Jeffrey Sheldon, a computer-systems administrator from Purcellville, Va., has an enviable credit score of about 740. But he's planning to refinance his adjustable-rate mortgage and knows that lenders will be taking a particularly close ...
2008-06-29 03:12:58 -
V.A.-Backed Loans on the Rise (NYTimes.com via Yahoo! Finance)
Demand for mortgages from the federal Department of Veterans Affairs is rising sharply, the V.A. said.
2008-06-29 03:36:57 -
Leap Of Faith (The Buffalo News)
When Jennifer Stuczynski arrives in Eugene, Ore., for the start of this week's U. S. Olympic trials, it will be hard to imagine that less than a year ago she could not perform a simple pole vault.
2008-06-29 03:47:34 -
Vacant properties invite trouble (Contra Costa Times)
Abandoned by their onetime owners, neglected by the banks, houses fall into disrepair, to distress of neighbors
2008-06-29 12:24:06