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Thrift agency warns home- equity lenders - Chicago Tribune
WASHINGTON—After a rash of consumer complaints, the federal agency charged with regulating savings and loan institutions has issued guidance warning lenders they could not arbitrarily change the terms of home-equity loans. The Office of Thrift ...

Mortgage rescue gives hope to credit, housing markets - Globe and Mail
WASHINGTON — The U.S. government has seized control of giant mortgage lenders Fannie Mae and Freddie Mac , warning that letting them fail would have caused cascading financial chaos, wiping out vast swaths of household wealth and blocking millions ...

Computer crash halts trading on LSE - This is Money
Banks led the Footsie share rally this morning after the US mortgage giants rescue - until that is the LSE computer system crashed and halted trading Officials said they had suspended connections to its trading system after some clients experienced ...

U.S. Government Announces Takeover of Fannie Mae and Freddie Mac - Economicnews
(CEP News) - In an effort to support the U.S. housing market at the minimum cost to the taxpayer, the U.S. government announced on Sunday plans to takeover Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac which have come under ...

U.S. financial crisis spreads toward your wallet - Christian Science Monitor
In 2006, well before the financial crisis broke on the shores of the American economy, Ann Lee wrote a 22-page paper on "Wall Street's House of Cards." It warned of the danger to the nation from the sale of trillions of dollars of complex financial ...

Cashing out the nest egg - Minneapolis Star Tribune
V ernie Anderson almost fell for the phone pitch. "Turn $30,000 into $90,000 with your own Web page," he was told. A reverse mortgage could get him the cash he needed to start an online business. But the local banker balked when Anderson asked for ...

Rising interest rates to eat into infra firms' profit - Business Standard
Hindustan Construction Company (HCC), GVK Group and other construction firms may have to settle for lower returns from their projects as rising interest rates are expected to hurt profitability of roads, power, ports and airports. Rising interest ...

Seizure may aid housing sector - Omaha World-Herald
WASHINGTON — The historic seizure Sunday of mortgage finance titans Fannie Mae and Freddie Mac is expected to bolster the nation's sinking housing sector by lowering mortgage rates and jump-starting the obscure background market that is vital to ...

Six steps to lighten your financial burden - Williamsport Sun-Gazette
Positive moves to counteract negative cash flow. In July, a New York Times article mentioned that half of American families were carrying more than $25,000 in debt. Of course, some of this can be attributed to mortgages. But the borrowing doesn't ...

Thoughts on the Continuing Crisis - FXStreet.com
Home :: Fundamental :: Analysis Reports :: Thoughts from the Frontline Send Print Add To Rss Thoughts from the Frontline Thoughts on the Continuing Crisis



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