Mortgage and Financial News From 2007-12-25 Page 6
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GE Capital buys unit of Merrill
Chicago Tribune - GE Capital buys unit of Merrill Big brokerage also gets $6.2 billion to ease credit woes ... Merrill already has taken about $8 billion in write-downs from bad bets on risky mortgage-backed securities. The GE Capital transaction ...
2007-12-25 07:22:00 -
News Minute: Benedict's Christmas blessing...Christmas in Iraq ...
WDAM-TV - The Latest in House and Home House & Home Main Today's Mortgage Rates Money This Week in Money Money Home For Small Businesses Credit and Debt Insurance Center Real Estate ... The ex-wife of a passenger says bad weather and other obstacles are preventing rescue ...
2007-12-25 06:25:00 -
ALL BUSINESS: US credit crunch headlines in 2007; newsmakers' views in ...
International Herald Tribune - The housing and mortgage crisis has escalated into a full-fledged credit crunch, which now threatens to throw the U.S. economy into a recession. ... way to wake up investors to the risks of highly leveraged buyouts would be by a deal going bad ...
2007-12-25 09:02:00 -
Column: Credit crunch dims '2008 outlook (Lexington Herald-Leader)
Just last summer, analysts were predicting the subprime mortgage mess had been "contained," big bank CEOs were "dancing" over the liquidity flowing in credit markets and private-equity titans yearned in Soprano-like fashion to "kill off" the competition. Times have changed. The housing and mortgage crisis has escalated into a full-fledged credit crunch, which now threatens to throw the economy ...
2007-12-25 08:46:43 -
Column: Credit crunch dims '2008 outlook (AP via Yahoo! News)
Just last summer, analysts were predicting the subprime mortgage mess had been "contained," big bank CEOs were "dancing" over the liquidity flowing in credit markets and private-equity titans yearned in Soprano-like fashion to "kill off" the competition.
2007-12-25 08:24:51 -
Tips in times of inflation (Haaretz Daily)
What can you do to protect your personal finances? In the year 301 B.C.E., prices in the Roman Empire were spiraling out of control. Rampant inflation sent both the people and trading systems into a frenzy. Emperor Diocletian tackled the problem the Roman way.
2007-12-24 04:22:39 -
Subprime lending crisis exposes system's faults (The Kansas City Star)
The events of the past six months in the subprime mortgage market have demonstrated the vulnerability of our disintermediated worldwide financial system.
2007-12-24 08:24:07 -
Reducing credit card debt (The Herald News)
A reverse mortgage is a loan secured by your home that you do not have to repay for as long as you live there.
2007-12-25 02:14:53 -
Fighting the foreclosure crisis
Marion Star - As a former mayor and governor, I bear a very special concern about the impact the nation's foreclosure crisis is having on families across Ohio. My hometown of Cleveland has been hit especially hard by this crisis. In fact, three houses right in my ...
2007-12-25 07:22:00 -
Euronet, MoneyGram bicker over stalled acquisition effort
Kansas City Star - In a filing Friday, Minneapolis-based MoneyGram, the world’s second-largest money-transfer firm after Western Union ... MoneyGram’s performance has been hampered by investments in subprime mortgages and other securities. In a mid-December ...
2007-12-24 03:23:00 -
Help, Santa, famous people are in need
Pharos-Tribune - Apparently, nothing puts a kid on the straight-and-narrow like the thought of being the only one in class without a Wii, though the only kids getting one this year are those whose parents sold the family car and took out second mortgages so they ...
2007-12-25 02:43:00 -
Foreign buyers findinga 2nd home in the U.S. (Chicago Tribune)
Prices attractive as the dollar declines, real estate slumps Panden Rota, a Nepalese producer of fine rugs, is about to become a Manhattanite, the owner of a sumptuous apartment in the luxurious downtown neighborhood of Battery Park City.
2007-12-25 07:54:22 -
County citizen task force seeks tax relief
St. Louis Post-Dispatch - ... group is expected next week to suggest that Missouri establish a reverse-mortgage ... The group advocates the establishment of a low-interest rate, low-fee program that ... exceed the percentage, the board should lower property tax rates so they only ...
2007-12-25 01:17:00 -
Subprime lending crisis exposes system’s faults
Kansas City Star - The events of the past six months in the subprime mortgage market have demonstrated the vulnerability ... Not only should the U.S. government benefit as the interest rate on U.S. government debt declines, but as the rest of the world begins to focus more ...
2007-12-24 03:23:00 -
How minor mistakes can upend a mortgage
Contra Costa Times - Plus, all loan-related fees and interest that were paid are subtracted from the principal, which can ... It is available only to people who refinanced their original mortgage on their primary residences. People who haven't refinanced can still use a ...
2007-12-25 02:50:00