Mortgage and Financial News From 2008-6-20 Page 2
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Mother-of-three is first Northern Rock borrower to be thrown out of her home by the Government (Daily Mail)
This is the mother of three whose plight symbolises the disaster of the Northern Rock bank collapse. Christina Georgiou's home is being repossessed because she cannot afford to keep up the repayments on her £360,000 mortgage.
2008-06-20 08:02:33 -
Credit losses cap bad week for stock markets (Everett Herald)
WASHINGTON -- The specter of mortgage-related losses at the nation's largest financial firms reemerged today, spooking major stock indexes into losses of nearly 2 percent.
2008-06-20 08:02:39 -
Local FBI Cracking Down On Mortgage Fraud Scams (CBS 11 Dallas - Fort Worth)
The number of alleged mortgage fraud scams has doubled across North Texas over the past three years, and there is a nationwide crackdown aimed at putting them to an end. The FBI said that $1 billion has been lost nationwide since March 2008. The FBI's Dallas office ranks fourth in the nation in mortgage fraud investigations.
2008-06-20 08:18:24 -
Financial Survival Workshop Draws More Than 350 (WCPO Cincinnati)
Credit cards were the main topic, since the majority of the attendees have three or more cards, with average debt of $8,000.
2008-06-20 08:28:51 -
8 Reasons You Should Not Expect an Inheritance (NYTimes.com via Yahoo! Finance)
Costs are rising, retirement income is less secure and the golden years are lasting longer, leaving older people less to bequeath to their heirs.
2008-06-20 08:36:27 -
Pros and Cons of Re-financing (KHON 2 Honolulu)
Loans that seemed like a good idea at the time are now coming back to haunt homeowners on the brink of losing their homes. That's made the lending market tighten up for those looking to re-finance, but Hawaii homeowners are still finding opportunities out there.
2008-06-20 08:37:10 -
Reverse Mortgages – Tool For Retirees to Protect Against Rising ... - HULIQ.com
A recent AARP study shows that 26% of people they surveyed were finding it more difficult to pay their mortgage or rent, and 66% found it more difficult to pay for food, gas and medicine. The recent AARP study, “The Economic Slowdown’s Impact on ...
2008-06-20 11:18:00 -
TAX-NEWS.COM (Tax-News.com)
Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Chuck Grassley (R-Iowa) announced on Wednesday that they intend to offer tax measures as part of a larger amendment to a housing bill, including tax credits and incentives for property owners and first-time homebuyers.
2008-06-20 08:10:09 -
IMF Upgrades US Growth Forecasts To Around 1% In '08, 0.8% In '09 (The Forex Market)
WASHINGTON -(Dow Jones)- The International Monetary Fund presented a rosier outlook for the U.S. economy this year and next, but said financial sector troubles and rising inflation present ongoing challenges to policymakers.
2008-06-20 09:08:54 -
Turkish Press Scanner - Turkish Daily News
The Prime Ministry's Human Rights Directorate issued a report on “honor killings,” which contains discouraging findings, daily Radikal reported Friday. In Istanbul, at least one person dies every week because of honor killings according to the ...
2008-06-20 04:40:00 -
Friday's Asia ADR Recap: Sohu.com - Street.Com
Stocks in Indian dove sharply Friday, breaking through the psychologically important 15,000 level, after investors reacted negatively to government data that showed inflation soared to a 13-year high. India's wholesale price index (WPI) rose 11.05 ...
2008-06-20 05:01:00 -
What Nancy Pelosi, Steny Hoyer and Fred Hiatt mean by "bipartisanship" - Salon
It's bad enough watching the likes of Steny Hoyer, Rahm Emanuel and a disturbingly disoriented Nancy Pelosi eviscerate the Fourth Amendment, exempt their largest corporate contributors from the rule of law, and endorse the most radical aspects of the ...
2008-06-20 05:37:00 -
Being seen to act on financial instability is as important as any plan - Daily Telegraph
How do you solve a problem like financial instability? Alistair Darling, a man struggling to hold several moonbeams in his hand, says the answer is not more regulation, but regulation that is more effective. No one could possibly disagree with this ...
2008-06-20 04:47:00 -
PM tries to persuade Opec to invest 'oil shock' trillions in west's ... - Guardian Unlimited
Gordon Brown will today plead with Saudi Arabia and other oil producers to channel some of their $3trn profits from the worst "oil shock" in history into wind, tidal and nuclear power in Britain and other western countries. On the eve of a visit to a ...
2008-06-20 05:44:00 -
India may push on with US nuclear deal - Kansas City Star
In this April 24, 2008 file photo, Indian Prime Minster Manmohan Singh, left, and Congress Party President Sonia Gandhi look on at a function in New Delhi, India. India's leaders considered pushing ahead with a landmark U.S.-India nuclear energy deal ...
2008-06-20 11:32:00