Mortgage and Financial News From 2008-3-24 Page 01
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New firm to buy shaky home loans (Pioneer Press)
LOS ANGELES — Stanford Kurland spent nearly three decades helping build Countrywide Financial Corp. into the nation's largest mortgage lender.
2008-03-24 10:19:42 -
Clinton offers a plan to relieve housing crises (Pioneer Press)
WASHINGTON — Sen. Hillary Rodham Clinton rolled out a series of proposals Monday to ease the nation's housing and credit crises, including a $30 billion fund to help cities and states aid distressed homeowners, but some critics faulted it as insufficient.
2008-03-24 10:27:59 -
In Philadelphia, Clinton calls for legal protections for honest mortgage lenders (The Beaver County Times)
PHILADELPHIA — Democrat Hillary Rodham Clinton proposed several remedies to the nation’s home mortgage problems Monday, including one tool more often associated with Republicans than Democrats.
2008-03-24 10:49:52 -
Bank vice-president: Irresponsible lending practices are the culprit (The Sentinel)
LEWISTOWN — Media reports that link the mortgage crunch to adjustable-rate loans misplace the blame, says Marcie A. Barber, senior vice-president and ...
2008-03-24 10:58:57 -
March 22-23 (Journal Inquirer)
The budget that Vernon Mayor Jason McCoy has presented to the town represents hard work, intelligent thinking, and a clear goal of keeping taxes low and services intact.
2008-03-24 10:44:24 -
Wall Street banks slice 34,000 jobs (Akron Beacon Journal)
Wall Street banks hit by mortgage losses and write-downs have cut more than 34,000 jobs in the past nine months, the most since the Internet stock boom fizzled in 2001.
2008-03-24 10:46:21 -
U.S. home sales rise, prices fall (Akron Beacon Journal)
From staff and wire reports After falling for six straight months, sales of existing homes posted an unexpected increase nationwide in February, which might have reflected more aggressive price cutting by sellers, a real-estate trade group reported.
2008-03-24 10:46:41 -
Marina West signs BIsB financing deal (Gulf Daily News)
MANAMA: Marina West and Bahrain Islamic Bank (BIsB) have signed a memorandum of understanding which will allow Bahrainis and expatriates to purchase homes at the beachfront development.
2008-03-24 05:23:17 -
House-buyer numbers drop to record low (Interactive Investor)
Tue 25 Mar, 2008 00:03
2008-03-24 05:27:28 -
How boom quickly converted to bust (Guardian Unlimited)
Business & money: Repo man comes calling at former mill's flats bought at the height of rush for riches
2008-03-24 05:28:21 -
Buyer numbers drop to record low (The New Zealand Herald)
LONDON - The global credit crunch is hitting Britain's housing market, pushing house-buyer numbers to a record low, figures showed today.
2008-03-24 07:27:10 -
Feds require larger down payments for home buyers in Alachua County (The Gainesville Sun)
Federal mortgage backers are requiring home buyers in Alachua County andsurrounding areas to put more money down after declaring the area adeclining market.The designation adds 5 percent on top of down payment requirements forconforming loans, those that are not subprime. For a 200,000 home, that
2008-03-24 07:30:28 -
Home Sales Unexpectedly Rise (The Tampa Tribune)
Desperate home sellers slashed prices across the nation in February. All that cutting paid off - a little - as the number of home sales rose unexpectedly from the previous month.
2008-03-24 09:24:10 -
Currency: Dollar closes higher as equities recover (The New Zealand Herald)
Buyers snapped up the New Zealand dollar as equity markets recovered from a five-week low touched early in the Easter break. It closed on US80.15c from around US78.70c on Friday.
2008-03-24 09:30:08 -
Sun-Sentinel Consumer Tips: Week in review (Sun-Sentinel)
Consumer tips
2008-03-23 12:06:16