Mortgage and Financial News From 2008-6-18 Page 2
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Housing Rescue Bill Could Be Slowed By Republicans (CBS News)
Conservative Republicans in the Senate were seeking to slow the completion of an election-year housing rescue designed to help hundreds of thousands of homeowners avoid foreclosure and boost lawmakers' standing with voters.
2008-06-18 05:18:53 -
Washington Mutual to end 2 complex mortgage types (INO News)
(AP:SEATTLE) Washington Mutual Inc. said Wednesday it would stop offering two types of complex mortgage products, the latest change to its mortgage business intended to help it recover from the mess in the mortgage and credit markets.
2008-06-18 05:21:01 -
Housing Rescue Plan Endangered by Lender Criticism (Fox News)
Senate Republicans are trying to slow the passage of a housing rescue plan, raising questions about how a controversial lender would benefit from the bill.
2008-06-18 05:26:12 -
FAST TRACK TO BANKRUPTCY (Las Vegas Business Press)
Two years ago, while most of Las Vegas was still bingeing on real estate, Joseph Hules had already started to feel the hangover.
2008-06-18 06:41:33 -
Lawmakers Consider Mortgage Restrictions (KCRA 3 Sacramento)
A California legislative committee is considering a package of bills seeking to regulate the kind of mortgages that contributed to the foreclosure crisis.
2008-06-18 06:59:46 -
Peter R. Fisher, Managing Director and Co-Head of Fixed Income at - MSN MoneyCentral
The opinions expressed below are those of Mr. Fisher as of June 18, 2008 and are subject to change as conditions vary. A few weeks ago, ten-year real rates on inflation protected government securities in both Japan and the United States traded at an ...
2008-06-18 09:18:00 -
Ru-dy! Ru-dy! Ru-dy! - Salon
OK, so maybe he wouldn't make a great president, and maybe he wasn't really the mayor he's cracked up to be, but here in Salon's New York office we love Rudy Giuliani. Why? Because the man is just fun to cover. Clearly, we're not the only ones who ...
2008-06-18 05:47:00 -
EquityKey Offers New Option to Homeowners in Tri-State Area - Forbes
SAN DIEGO, June 18 /PRNewswire/ -- The current credit crunch has many Americans facing difficult financial decisions, and older property owners in the New York metro area are no exception. Nationwide, homeowners age 65 and older are sitting on an ...
2008-06-18 11:06:00 -
Median home price in California drops 30% in May - Los Angeles Times
Foreclosures helped fuel the sharpest decline in California housing prices in at least 20 years last month, and that's attracting an influx of first-time buyers who had been priced out of the market or were waiting for prices to bottom out. The ...
2008-06-18 03:38:00 -
Rethinking Reverse Mortgages - Motley Fool
Reverse mortgages -- a way for seniors to tap into their home equity without having to make monthly payments -- have become a mainstream retirement-planning option in recent years. Despite some drawbacks, for many retirees, a wisely chosen reverse ...
2008-06-18 08:43:00 -
reverse mortgage 101 - Town Hall
In case you missed it, Townhall National Political Reporter Amanda Carpenter has been doing some brilliant work on the Chris Dodd/Kent Conrad Countrywide story. Today she reveals just how involved Conrad was in making sure Dodd's bailout bill... 12 ...
2008-06-18 05:18:00 -
On the Watch: Morgan Stanley to report - CNBC
NEW YORK - Investment bank Morgan Stanley reports second-quarter results on Wednesday. Analysts expect the investment bank's profit fell by more than half in its fiscal second quarter because of bad hedges and more write-downs on credit- and mortgage ...
2008-06-17 03:32:00 -
Official tells AP 2 former Bear Stearns execs could face charges ... - Minneapolis Star Tribune
NEW YORK - A federal securities fraud investigation could result in criminal charges as early as Thursday against two former Bear Stearns executives suspected of misleading investors about the risky subprime mortgage market, an official said. A law ...
2008-06-18 04:57:00 -
Three million people have sold goods to pay for their housing, says ... - Daily Telegraph
The report from Shelter, the housing charity, highlights how soaring mortgage payments and rents have left millions unable to cope financially. The survey of nearly 7,000 people by YouGov also found that one in nine people had sold belongings, while ...
2008-06-18 05:54:00 -
Hedge fund chief warns of worse to come - Financial Times
A hedge fund manager who made some of the biggest profits from the global credit crisis said on Wednesday there was worse to come as evidence mounted that banks are struggling to regain their earnings power and properly value their assets. Morgan ...
2008-06-18 05:39:00