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Shopping Season for Uncle Sam - Barron's OnlineTHE GOVERNMENT'S LATEST INTERVENTION IN financial markets -- the $800 billion plan unveiled last week to boost lending to consumers and trim mortgage rates -- hasn't been much more successful than its earlier efforts. While rates on home mortgages ...
Class action on lenders moves ahead - Jonesboro SunJONESBORO — Circuit Judge David Burnett of Osceola will apparently carry an 8-year-old lawsuit over second-mortgage loans into his retirement. Burnett is presiding over the class-action suit that was originally filed in February 2002 in Greene ...
ECONOMY: DON’T ROCK THE BOAT - Cyprus WeeklyFollowing a much publicised meeting at the Presidential Palace on the economy last Friday, President Demetris Christofias stated that exaggerations and the creation of a climate of panic (regarding the economy), do not help. This statement was taken ...
Timeline: Global credit crunch - BBC BusinessMost analysts link the current credit crisis to the sub-prime mortgage business, in which US banks give high-risk loans to people with poor credit histories. These and other loans, bonds or assets are bundled into portfolios - or Collateralised Debt ...
Site Presented By - SalonWhen confronted with the news that Wal-Mart shoppers were so eager to take advantage of a Black Friday sale that they trampled an employee to death, most people are, quite naturally, appalled. My daughter, for example, was aghast: "What kind of ...
PM's card shark warning - The SunGordon Brown said everything possible would be done so customers were treated fairly in the downturn. Despite the Bank of England cutting the base rate of interest to three per cent, the average credit card rate is still more than 17 per cent. Credit ...
Foreclosure: Nevadans hit hard in national crisis - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
House prices: Are we over the worst? - Daily TelegraphThe price of the average property in Britain now stands at £158,442, a fall of 0.4pc from £158,872 in October, Nationwide's house price index shows. Prices are 13.9pc lower than at this time last year. These figures are less doom-laden than last ...
A Question for the Finance Types - New York Times BlogsI’m wondering if any blog readers can explain something to me. Back in the old days, banks didn’t package and resell the mortgages they wrote. So when a homeowner got into trouble, they could go down and talk with the bank about working out some ...
FORECLOSURE: for 22 months, Nevadans have faced worst of national ... - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
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