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News about Mortgages:
Bernanke Says Government Must Step Up Efforts on Foreclosures - BloombergDec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. government must step up efforts to prevent home foreclosures, with options including buying delinquent mortgages and providing bigger incentives for refinancing loans. The ...
Automakers' debt may be obstacle to federal loans - Associated PressDETROIT (AP) -- They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp. and perhaps Chrysler LLC also will have to address massive debts to persuade a ...
Ford says CEO will work for $1 to get loans - Associated PressWASHINGTON (AP) -- Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have ...
Senator pans loans to Chrysler if it's for sale - Ann Arbor NewsDETROIT (AP) — A U.S. senator is questioning whether the federal government should loan money to Chrysler LLC, saying that the cash would just keep it in business long enough to be sold. Sen. Bob Corker, R-Tenn., a critic of the industry, said ...
Pent-up anger greets return of U.S. auto chiefs to Capitol Hill - International Herald TribuneWASHINGTON : The chief executives of America's foundering automobile manufacturers made their return trip to Capitol Hill on Thursday and found themselves confronting years of pent-up anger, the harsh politics of an economic downturn and the sobering ...
Bernanke - need to do more to halt foreclosures - ReutersWASHINGTON, Dec 4 (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive action to halt home foreclosures, and said write-downs of principal may need to be part those efforts. "Despite good-faith efforts by both the ...
UPDATE 2-Bernanke says need to do more to halt foreclosures - ReutersWASHINGTON, Dec 4 (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners. "Despite good-faith efforts by both the ...
Local Auto Dealers Watching Bailout Plea - WKYT 27WASHINGTON (AP) - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...
JPMorgan axes 9200 Washington Mutual jobs - The AgeJPMorgan Chase & Co said it will cut about 9200 jobs at the former Washington Mutual, which on Sept 25 became the largest US bank to fail. The cuts amount to more than 21% of the workforce at Washington Mutual, which ended June with 43,198 employees ...
JPMorgan to cut 9,200 Washington Mutual jobs - International Herald TribuneJPMorgan on Monday said it will eliminate about 9,200 jobs at the former Washington Mutual , which on Sept 25 became the largest U.S. bank to fail. The cuts amount to more than 21 percent of the workforce at Washington Mutual, which ended June with ...
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