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AZ homeowners have hope with Countrywide settelment - Ahwatukee Foothills NewsAttorney General Terry Goddard announced a multi-state settlement with Countrywide Financial Corp. Monday, relating to the company's alleged use of deceptive practices in their mortgage lending business. According to the settlement, Bank of America ...
Subprime Devastation Retraces Path of S&L Crisis in U.S. States - BloombergOct. 8 (Bloomberg) -- The $700 billion bailout of Wall Street's subprime-tainted securities harkens back to the real- estate bets that sparked the savings and loan crisis in the 1980s. The geography's the same, too. Then, as now, the government ...
Few Texas banks would benefit from rescue - Houston ChronicleTexas bankers are closely watching the congressional wrangling over a Wall Street rescue plan out of curiosity more than concern. Very few Texas-based banks would benefit from an intervention that would allow the U.S. Treasury Department to unclog ...
Nation & world business news in brief: Money for loans may be freed up - Detroit Free PressRegulators plan to reduce capital requirements for banks holding Fannie Mae and Freddie Mac debt and mortgage bonds, potentially freeing up more money for loans. The Federal Deposit Insurance Corp. on Tuesday tentatively approved a rule, proposed by ...
Business briefs: 30-year mortgage ticks upward again - Herald TribuneSARASOTA -- The average rate for a conventional 30-year fixed mortgage on a owner-occupied, single-family home with 20 percent down was 6.125, up an eighth of a point from Monday, Sarasota's Sentinel Mortgage reported. The final rate that a borrower ...
Save to Win Contest Offers Homeowners a New Way to Save... and Win - PR.comWilmington, NC, October 08, 2008 --( PR.com )-- Save to Win Contest offers homeowners a new way to save. HomeInsurance.com has recently announced the kick-off of their Save to Win Contest which offers homeowners the chance to save on home insurance ...
Candidates fudge truth on the economy - Detroit Free PressDemocrat Barack Obama and Republican John McCain stretched facts, sometimes past the breaking point, as they addressed the financial crisis and more during their second presidential debate. Some examples: McCAIN: Said one way out of the financial ...
THE FACTS: Did they tell the truth? - NewsdayWASHINGTON - The candidates stretched facts, sometimes past breaking point, as they addressed the financial crisis and misrepresented each other's position on health care during their second debate. Some examples: MCCAIN: Said one way out of the ...
Wells Fargo's East Coast Expansion Requires Unprecedented Risk - BloombergOct. 8 (Bloomberg) -- When Wells Fargo & Co.'s John Stumpf was promoted to chief executive officer last year, he said a big East Coast acquisition was ``highly, highly unlikely.'' Back then, Wachovia Corp. was selling for more than $50 a share. Now ...
Both candidates guilty of stretching the truth - Philadelphia InquirerWASHINGTON - Democrat Barack Obama and Republican John McCain stretched facts, sometimes past the breaking point, during their second presidential debate. Some examples: McCain: Said one way out of the financial crisis is to "stop sending $700 ...
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