Mortgage and Financial News From 2008-7-13 Page 01
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Government not expected to help more companies - Forbes
The U.S. government is signaling it won't throw a lifeline to struggling financial companies - except for mortgage linchpins Fannie Mae and Freddie Mac - marking a shift to a new and potentially more volatile phase of the credit crisis. Such an ...
2008-07-13 09:42:00 -
U.S. offers aid to faltering mortgage giants - Globe and Mail
WASHINGTON — The Federal Reserve and the U.S. Treasury announced steps Sunday to shore up mortgage giants Fannie Mae and Freddie Mac, whose shares have plunged as losses from their mortgage holdings threatened their financial survival. The Federal ...
2008-07-13 03:22:00 -
U.S. Unveils Plan to Aid Mortgage Giants - Washington Post
The federal government unveiled a broad program yesterday evening to bolster troubled mortgage giants Fannie Mae and Freddie Mac , extending unprecedented support to the companies and proposing new authority to lend them money and even buy their ...
2008-07-13 09:06:00 -
US tries to rescue mortgage giants - Boston Globe
WASHINGTON - Alarmed by the sharply eroding confidence in the nation's two largest mortgage finance companies, the Bush administration yesterday asked Congress to approve a sweeping rescue package that would give officials the power to inject ...
2008-07-13 10:18:00 -
This recession could easily tip into a depression - Times Online
Today I am celebrating my 80th birthday, an age that seems less formidable when one has reached it than when one can see it only from afar. I was born on July 14, 1928, about 15 months before the American boom of the 1920s came to its rather abrupt ...
2008-07-13 01:57:00 -
From Major to minor as Brown's woes pile up - Independent
'ARMAGEDDON Productions present a Westminster blockbuster: see politicians fighting for their survival, watch as millions of people lose their jobs and abandon their homes to bankrupt mortgage lenders, and step inside Downing Street to hear the prime ...
2008-07-13 08:45:00 -
Ex U.K. Premier Major Says U.K. Recession Fear Is Spreading - Bloomberg
July 13 (Bloomberg) -- Prime Minister Gordon Brown 's government and the Bank of England should act to restore confidence in the banking system and the economy as the threat of a recession looms, former premier John Major said. ``Fear is toxic and it ...
2008-07-13 07:30:00 -
Chinese banking giant eyes Australia - News.com.au
THE world's largest bank, the Industrial and Commercial Bank of China, is interested in forming alliances with Australian banks. And it has not ruled out taking an equity stake in one of the major Australian banks. In an exclusive interview with ...
2008-07-13 02:18:00 -
Navigating the home loan maze - News.com.au
Competition has increased the range of loans on offer Houses are more expensive, but lenders more flexible In-depth : The latest interest rates news and features TEN years is a long time in the financial world, and home loans are no exception. Strong ...
2008-07-13 08:45:00 -
Economic alarm bells for NZ government - Financial Times
New Zealand’s slowing economy is setting off alarm bells within the ruling Labour party, which is trailing in the polls and facing a November deadline to hold elections. Helen Clark, prime minister, called a crisis meeting of the party caucus last ...
2008-07-13 04:41:00 -
SBA makes changes to Community Express loans - Dallas Business Journal
Larger disaster loans available to businesses Inflation now top concern for small business owners Bush administration rules cost less than earlier ones Go to full Washington Bureau archives The Small Business Administration plans to restructure its ...
2008-07-13 08:59:00 -
Thai PM plans to rewrite constitution - Financial Times
Thailand’s embattled prime minister Samak Sundaravej said on Sunday he wanted to revise a constitution that has given courts greater authority over politicians, risking a rise in political and legal tension. Mr Samak also said he would soon unveil ...
2008-07-13 04:13:00 -
Loan waiver is killing credit culture and more - Livemint.com
Recently a local newspaper in Nagpur, Maharashtra, carried a report on groups of farmers taking oath not to repay the loans they have taken from banks. These small and marginal farmers, cultivating on agricultural land that is not more than 2ha, as ...
2008-07-13 12:52:00 -
BAA refinancing comes closer to taking off - Daily Telegraph
Airport operator BAA moved closer to completing its refinancing by asking bondholders to swap their bonds for new notes secured on Heathrow, Gatwick and Stansted. Yesterday, BAA announced that it had launched the process to persuade the holders of ...
2008-07-13 04:20:00 -
Spain Backs Off Bond Sale - Wall Street Journal
Spain on Friday confirmed it decided against issuing a new 15-year bond, citing market conditions that have driven up borrowing costs for governments with budgets that are deemed especially vulnerable to the economic slowdown. Spain is among several ...
2008-07-13 05:31:00