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Fed rate cut stirs business, but it won't help everyone - New York Daily News
The refinancing rush is on. Spurred on by the sudden drop in interest rates, homeowners in New York City - and across the country - are racing to lock in fixed mortgages at lower rates. The demand appears to be biggest in the boroughs, where ...

Grim data crush 5-day stock rally - Los Angeles Times
Reporting from New York -- The only thing Wall Street had to be thankful for Monday was that stocks didn't fall further than they did. Fresh evidence of a softening global economy, and profit taking after last week's Thanksgiving rally, put a ...

More Business - San Francisco Gate
"A house is only worth what the bank says," said Terry Hastings, a partner at Hamilton Mortgage, in Ridgefield, Conn. "It's not worth what the buyer says anymore." Mortgage lenders determined to stave off additional losses are demanding more thorough ...

FINANCE: Bailout billions not making loans easier to find - North County Times
The U.S. government has pumped billions of dollars into the nation's banking system, yet borrowing money remains an obstacle for some consumers, mortgage brokers said last week. The two behemoths that oversee the nation's finances, the Federal ...

Judge grants utility reprieve over $120M payment - WHAS 11
A federal judge has granted Hoosier Energy Rural Electric Cooperative a reprieve in a complex investment deal, indirectly giving customers a reprieve of their own from possible higher rates. But U.S. District Judge David Hamilton called the financial ...

Stocks fall sharply on consumer spending worries - Los Angeles Times
Reporting from New York -- With the long Thanksgiving weekend over, nail biting returned to Wall Street today. Fresh evidence of a softening global economy, along with profit-taking after last week's big rally, put a decisive end to the stock market ...

ACT houses most affordable in Australia - Australian Broadcasting Corp.
Canberra's housing market is the most affordable in the country, according to new figures released today by the Real Estate Institute (REI). The report says Canberrans spend an average 21.9 per cent of their weekly income on mortgage repayments ...

RAM Holdings Announces Commutation of $10.6 Billion Par MBIA Portfolio ... - Businesswire.com
HAMILTON, Bermuda--( BUSINESS WIRE )--RAM Holdings Ltd. (Nasdaq:RAMR) today announced that its operating subsidiary, RAM Reinsurance Company Ltd. ("RAM Re") has entered into a Commutation Agreement, effective November 30, 2008, to commute its entire ...

Is the Fed's $800 Billion Plan Cause for Concern? - BusinessWeek
While all eyes are on Treasury Secretary Henry Paulson and his $700 billion bailout plan, Federal Reserve Chairman Ben Bernanke is conducting his own economic recovery program—and his is measured in trillions, not billions. What's more, unlike ...

L.A. Times: War on economy could could cost $8.5 trillion - Wisconsin State Journal
With its decision last week to pump an additional $1 trillion into the financial crisis, the government eliminated any doubt that the nation is on a wartime footing in the battle to shore up the economy. The strategy now -- and in the coming Obama ...