Mortgage and Financial News From 2008-6-20 Page 14
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Seminar offers older adults tips on finances - St. Louis Post-Dispatch
O'Fallon, Mo. — The city's Senior Advisory Board is hosting a free seminar, "Seniors, Let's Talk about Reverse Mortgages, Home Equity Loans, Assisted Living and Nursing Homes." The seminar will be held from 9 a.m. to noon on July 19 at the O'Fallon ...
2008-06-20 01:09:00 -
House votes to provide $162 billion in war funding - FOX News
WASHINGTON — A much-delayed Iraq war funding bill sailed through the House on Thursday, along with a doubling of college aid for returning troops and help for the unemployed and Midwestern flood victims. Republican allies of President Bush provided ...
2008-06-19 09:27:00 -
Metropolitan region plays key role in FBI fight against mortgage scams - San Francisco Examiner
As the number of foreclosures in the metropolitan area continue to skyrocket, the region has become a key battleground for the FBI ’s fight against mortgage fraud, federal officials said Thursday. As the subprime mortgage crisis has spread from ...
2008-06-19 11:58:00 -
Japanese property market slips into reverse - Financial Times
After a few years of frenzied activity that sent property prices to stratospheric levels, Japan’s real estate market is poised for a downturn. In recent months, the mood among property developers and financial investors alike has turned sour; the ...
2008-06-19 09:10:00 -
City's agressive crackdown on tax delinquents questioned - Philadelphia Inquirer
For a city and nation in the grip of the home-foreclosure crisis, Barbara Pearsall's situation seems like a familiar one: She is hopelessly behind on her bills, and barring some sudden financial windfall, the recovering stroke victim will lose her ...
2008-06-19 11:58:00 -
HSBC tightening mortgage practices HSBC overhauling mortgage, credit ... - Chicago Tribune
In March 2007, executives from four subprime lending juggernauts testified at a U.S. Senate banking committee hearing titled "Mortgage Market Turmoil: Causes and Consequences." The intervening year hasn't been kind to the quartet. WMC Mortgage was ...
2008-06-18 11:34:00 -
Treasuries Rise; Moody's, Washington Mutual Fuel Credit Concern - Bloomberg
June 20 (Bloomberg) -- Treasuries rose, headed for a weekly gain, as Moody's Investors Service stripped two U.S. bond insurers of their top ratings and Washington Mutual Inc. cut 1,200 jobs because of credit-market losses. Notes also climbed as Asian ...
2008-06-20 12:12:00 -
Pacific Northwest income growth lags nation (Seattle Times)
Pacific Northwest Personal-income growth in Washington lagged much of the nation in the first quarter of 2008, according to data released...
2008-06-20 12:19:23 -
WaMu drops ax again, cuts 1,200 jobs, including 260 at Seattle headquarters (Seattle Times)
Washington Mutual's struggles to right itself will cost 1,200 more people their jobs, including 260 at the troubled lender's downtown Seattle...
2008-06-20 12:20:53 -
Consumers flood debt counsellors (Independent Online)
'The number of houses and vehicles being repossessed is going up and people are being driven to the edge'...
2008-06-20 12:50:19 -
Finance crisis has first arrests (The Philadelphia Inquirer)
WASHINGTON - With their arrest yesterday on a nine-count indictment, two former investment fund managers for the Bear Stearns Cos. Inc. are now the public face of the nation's mortgage-finance meltdown.
2008-06-20 12:54:01