Mortgage and Financial News From 2008-8-24 Page 01
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Northern Rock could cost £1.28bn - Guardian Unlimited
Taxpayers stand to lose up to £1.28bn on the nationalisation of Northern Rock, government advisers have warned. The figure, which emerged over the weekend, will open the government to renewed criticism for its decision to take the crisis-hit bank ...
2008-08-24 04:41:00 -
Catch-22 for embattled loans giants - The Age
ANXIOUSLY awaiting a move by the US Treasury Department and spurned by large investment firms, the financially stretched mortgage lenders Freddie Mac and Fannie Mae find themselves unable to raise capital and with little ability to manoeuvre ...
2008-08-24 03:23:00 -
Private lenders less likely to give student loans, but others do (Dallas Morning News)
It's crunch time for families seeking college financial aid as bills for the fall semester's tuition and room and board come due.
2008-08-24 09:30:55 -
Wall Street bailout aid questioned (The Union)
JACKSON, Wyo.
2008-08-24 10:10:15 -
ThinkFilm and Chairman David Bergstein face allegations of unpaid bills (Los Angeles Times)
In the last few months, Bergstein and ThinkFilm have been dogged by a string of lawsuits from associates who allege they were stiffed. Hollywood is a club. But when an outsider with bundles of cash arrives on the scene, the newcomer usually is granted immediate entree. Talent agents, hungry to land clients their next movie, flock to anyone with an open checkbook.
2008-08-24 10:13:45 -
Daniel Howes: Big 3's $50B plea is no bailout (Detroit News)
Forget the saga of Mayor Kwame Kilpatrick, if you can. Just in time for this week's Democratic National Convention, the biggest word accompanying "Detroit" in Denver likely will be the "B" word -- as in "bailout."
2008-08-24 10:15:43 -
Pavilions of Troy progress tied to tax credit (Detroit News)
TROY -- The nation's tightened lending market has made funding for the ambitious Pavilions of Troy harder to come by, and the developer proposing to build the $200 million-$300 million luxury retail destination on the former Kmart Corp. headquarters site now says he can't proceed without a state tax credit.
2008-08-24 10:19:17 -
FAQ: Understanding student loans (Detroit News)
Q: Why are lenders dropping out of the federal student loan program?
2008-08-24 10:25:03 -
Democrats are gathered, McCain gives no peace - CNBC
DENVER - Democrats gathered in the Colorado capital to formally nominate Barack Obama as standard-bearer, but Republican opponent John McCain was giving no peace — sniping away with new ads to stir discord over the Illinois senator's choice of Sen ...
2008-08-24 05:03:00 -
Local family wins free mortgage for a year - News 10 Now
The Cosilmon family recently won a contest held by Barden Building Systems, an international home building company. The prize? A years free mortgage for the family of three who now live on Airport Road in Binghamton. The Cosilmons were selected from ...
2008-08-24 05:24:00 -
Get ready for a mortgage maze - Minneapolis Star Tribune
Lots of blame to go around, including dishonest appraisers, disreputable lenders, and lying buyers. But a bigger part of the problem is … read more the system itself - which gave immediate rewards to everyone in the business with NO accountability ...
2008-08-20 05:58:00 -
Mortgage pressure drives up refinancing - News.com.au
Email article Printer friendly Text size + - Share Add to Digg Add to del.icio.us Post to NewsVine Post to Facebook What are these? More borrowers are refinancing home loans to get better deals There's a growing shift back to variable rate loans ...
2008-08-24 09:13:00 -
In Central Valley, the Ruins of the Housing Bust - Herald Tribune
MERCED, Calif. Jim Wilson/The New York Times In Merced, Calif., frames of houses in the Riverstone development have bleached in the sun for more than a year. Three-fourths of existing-home sales in Merced County are foreclosures. ELLIE WOOTEN, the ...
2008-08-24 10:36:00 -
EXECUTIVE ITEMS (The Post and Courier)
William A. Gehman III has been named vice president and controller of Carolina Financial Corp . , holding company for Charleston-based Community FirstBank, Crescent Bank in Myrtle Beach and Crescent Mortgage, which is based in Atlanta.
2008-08-24 09:17:08 -
Tough economic times spur homeowners' run for boarders (Pittsburgh Tribune-Review)
A growing number of single parents and families are starting to take in boarders to help pay mortgages.
2008-08-24 09:25:28