Mortgage and Financial News From 2008-4-3 Page 7
Previous Day: 2008-04-02
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U.S. senators reach tentative deal on legislation to aid homeowners (International Herald Tribune)
The bill, which was expected to go to the Senate floor Thursday, includes a new standard property tax deduction.
2008-04-03 05:55:18 -
Fitch: U.S. CREL CDO Delinquencies Drop Slightly on Fewer Repurchases (Business Wire via Yahoo! Finance)
NEW YORK----A drop in this month's repurchases and the resolution of two performing matured balloons drove the U.S. commercial real estate loan CDO delinquency rate for March 2008 down slightly to 0.74%, from last month's rate of 0.93%, according to the latest CREL CDO Delinquency Index from Fitch Ratings.
2008-04-03 07:18:00 -
For Citigroup, a struggle with the firm's past and present (International Herald Tribune)
As the 10-year anniversary of the merger of Citicorp and Travelers approaches, the giant company, which has 374,000 staff members in more than 100 countries, is facing a history of bloated costs, outmoded technology and political infighting.
2008-04-03 05:55:51 -
Cramer's 'Mad Money' Recap: One on One With Hillary Clinton (TheStreet.com)
Clinton says the federal government needs to be proactive in tackling the nation's economic crisis.
2008-04-03 05:57:05 -
Jeremy Warner's Outlook: Mortgage famine threatens further to undermine fragile British housing market (Independent)
Just how bad is it going to get for the UK housing market? The news flow over the last week has been one of unrelenting gloom, culminating in the data yesterday that showed the number of new loans granted for house purchases in February slumped to a 13-year low of just 73,000. A more normal level of transactions for this time of year would be getting on for double that number. Transactions this ...
2008-04-03 06:04:27 -
U.S. Housing Markets: Is There Light at the End of the Tunnel? (Marketwire via Yahoo! Finance)
Despite the influx of bad news about the U.S. housing markets, segments of the U.S. residential market are showing signs of stability and improvement. As the data are from January, the low point in the seasonal cycle, we could continue to see improvement in the coming months, according to the January 2008 RPX(TM) Monthly Housing Market Report released today by Radar Logic Incorporated.
2008-04-03 06:05:00 -
Jobless Claims Shoot Up to 2-Year High (The San Francisco Examiner)
WASHINGTON ( Map , News ) - The number of new people signing up for unemployment benefits last week shot up to the highest level in more than two years, fresh evidence of the damage to a national economy clobbered by housing, credit and financial crises.
2008-04-03 06:06:54 -
(AFX UK Focus) 2008-04-03 13:40 GMT: US officials defend Bear Stearns actions (Interactive Investor)
WASHINGTON (AP) - 0402dv--bernanke--markets
2008-04-03 06:18:55 -
The week the crisis hit home (Guardian Unlimited)
Over the last few days, the long-running financial crisis has finally hit home to the British public, with a glut of grim data and fearful forecasts for the future
2008-04-03 06:25:26 -
Officials say Fed had to help Bear Stearns to protect financial system (Atlanta Journal-Constitution)
The unprecedented actions to prevent the collapse of Bear Stearns were taken to protect the U.S. financial system and do not represent any kind of federal bailout, the Bush administration and Federal Reserve Chairman Ben Bernanke say. Treasury Undersecretary Robert Steel told a congressional panel on Thursday that the administration supported the Fed's actions to provide a $30 billion loan to ...
2008-04-03 06:35:32 -
Hamish McRae: Housing market shivers but it should not be as bad as the early 1990s (Independent)
How bad is the British housing market going to get?
2008-04-02 06:04:33 -
Hillary Clinton's goals for economy? Big change (USA Today)
Sen. Hillary Rodham Clinton plans, if elected president, to aggressively use federal tax and regulatory policy to promote key sectors of the U.S. economy. She also vows to take a more skeptical view of foreign investment in companies involved in defense work.
2008-04-02 07:35:57 -
Indian Trails Public Library notes (Daily Herald)
For information or to register, call Indian Trails Public Library at (847) 459-4100 or visit www.indiantrailslibrary.org.
2008-04-02 10:31:13 -
Barack Obama's speech on race (Journal Inquirer)
“We the people, in order to form a more perfect union.” Two hundred and twenty one years ago, in a hall that still stands across the street, a group of men gathered and, with these simple words, launched America’s improbable experiment in democracy.
2008-04-02 10:50:48 -
Be a little less sheepish about R.A.M.s (Erie Times-News)
We're retired and don't have enough income to meet our living expenses, especially real estate taxes, home-insurance costs, food, medical and upkeep, which seems to be increasing every year.
2008-04-03 12:17:05