Mortgage and Financial News From 2008-9-25 Page 01
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Where rescuers fear to tread: potential buyers spurn Bradford ... - Guardian Unlimited
The chief City regulator was last night understood to be stepping up efforts to find a buyer for Bradford & Bingley after the turmoil in the credit markets forced the mortgage lender to cut more staff and sell its "toxic" assets or write them down to ...
2008-09-25 04:18:00 -
Chronology: From Bear to WaMu, credit crunch victims pile up - Hindustan Times
Following are some of the key events in the biggest financial industry crisis since the Great Depression. * Jan 11, 2008: Bank of America pays $4 billion for Countrywide Financial after the mortgage lender goes bust when risky loans to shaky ...
2008-09-25 09:54:00 -
Heads to roll after financial investigation (Daily Dispatch)
THE walk of ignominy that develops out of the mayhem on Wall Street could turn into a long, twisted journey.
2008-09-25 09:45:09 -
Bush and the bailout bandits (WorldNetDaily)
"If this threat is permitted to fully and suddenly emerge, all actions, all words and all recriminations would come too late. Trusting in the sanity and restraint of Saddam Hussein is not a strategy, and it is not an option."
2008-09-25 10:07:18 -
The courage to do nothing (WorldNetDaily)
Fed Chairman Ben Bernanke isn't the kinda guy to yell "fire" in a crowded theater, except when the economic house is in real danger of burning down. At least that's what one market expert explained as I watched the late-night news.
2008-09-25 10:07:29 -
Mortgage fraud complaints on the rise (ABC 15 Phoenix)
More and more homeowners are filing complaints alleging they are the victims of fraud. Sam Wercinski, the Commissioner of the Arizona Department of Real Estate, says his department is seeing, "about a 25 percent increase in the number of complaints that we are receiving."
2008-09-25 10:11:20 -
Minneapolis cop admits sharing confidential info with informant; lawyer alleges entrapment (Pioneer Press)
A Minneapolis policeman admitted to the FBI that he twice provided confidential information to an informant posing as a member of the Gangster Disciples street gang, according to a copy of the officer's statement filed in federal court.
2008-09-25 10:15:46 -
Feds charge 15 in separate fraud cases (The Times of Northwest Indiana)
CHICAGO | Three local residents are among 15 defendants charged with defrauding the U.S. Department of Housing and Urban Development of hundreds of thousands of dollars in government rent subsidies, public housing benefits and other HUD programs.
2008-09-25 10:27:45 -
Court notes (Marion Chronicle-Tribune)
•State vs. Shawn D. Harbert; dealing in cocaine, Class B felony; dealing in cocaine, Class A felony; dealing in substance represented to be, Class D felony; affidavit for probable cause filed together with information, warrant ordered issued with bond in the sum of $50,000 cash, surety or property; return of arrest warrant filed showing served Sept. 10, cause set for initial hearing 10 a.m. ...
2008-09-25 10:37:27 -
Feds seek collapse culprits (Pensacola News Journal)
Larry Wheeler
2008-09-25 10:58:12 -
Realtors get encouragement at state convention - St. Petersburg Times
ORLANDO — Nearly three years into an unprecedented real estate slump, hundreds of Florida Realtors convened in Orlando on Thursday preaching steely resilience tempered by a little Disney magic. Providing some loft in deflated times, the keynote ...
2008-09-25 07:02:00 -
Glossary of Terms Behind Headlines - Washington Post
The credit crisis that has led to calls for a bailout of the nation's financial system also has introduced some unfamiliar terms to the general public. Capital markets : Any market where companies or governments raise money to fund themselves. The ...
2008-09-25 09:04:00 -
Borrowers urged to curb spending - News.com.au
BORROWERS have to curb their urge to splurge in the festive season and not start 2009 with a financial hangover, a leading mortgage company says. Resi Mortgage Corporation head of consumer advocacy Lisa Montgomery said borrowers should tighten their ...
2008-09-25 08:57:00 -
NZ slips into recession as global crisis deepens - Guardian Unlimited
WELLINGTON, Sept 26 (Reuters) - New Zealand fell into recession for the first time in more than a decade, data showed on Friday, backing the case for more interest rate cuts as the country's open economy grapples with a global slowdown. Gross ...
2008-09-25 09:26:00 -
Bank deposit interest rates climb back down as inflation eases - Thanhnien
A slowdown in the inflation rate this month has encouraged banks to reduce deposit interest rates. Falling food and construction costs have helped ease the consumer price index (CPI) rise in September to the lowest level this year of 0.18 percent ...
2008-09-25 09:40:00