Mortgage and Financial News From 2008-4-12 Page 01
Previous Day: 2008-04-11
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You Thought You Had an Equity Line (NYTimes.com via Yahoo! Finance)
Lending institutions and mortgage originators got us into this credit mess, but consumers and taxpayers will shoulder most of the costs.
2008-04-12 10:40:03 -
A Realty Matchmaker (NYTimes.com via Yahoo! Finance)
Teaching helped me get organized for business: writing lesson plans each day taught me to plan, and I also developed communication skills.
2008-04-12 10:41:01 -
Houston area feeling the sting from home crisis (Houston Chronicle)
After avoiding many of the problems suffered by other housing markets across the country, the Houston area is finally feeling the effects. But job growth and the energy sector continue to help minimize the damage.
2008-04-12 10:47:37 -
Fed, ECB officials say credit crisis not over; urge regulation (Gulf Times)
Washington: Federal Reserve and European Central Bank officials said the eight-month credit squeeze is still festering and urged financial firms to speed disclosure of losses and improve the way they value their assets.
2008-04-12 10:56:42 -
Letter: A Rental Option (New York Times)
To the Editor:.
2008-04-12 03:05:45 -
Marin foreclosure rate doubles over past year (Marin Independent Journal)
Marin's foreclosure rate has more than doubled over the past year, according to an agency which tracks troubled properties statewide.
2008-04-12 03:43:34 -
Will Hutton: Government fiddles while the price of houses burns (Guardian Unlimited)
Will Hutton: After years of reckless lending by banks, only radical financial action can avert a full-blown recession
2008-04-12 04:30:14 -
David Nicklaus: Failure of Wall Street's auction-rate bonds hits Main Street (St. Louis Post-Dispatch)
William Loehmann was just looking for a place to park $300,000 while he and his wife made the transition from semi-retirement to full retirement. His broker found him some bonds, issued by the Missouri Higher Education Loan Authority, that paid a little bit above money-market rates.
2008-04-12 04:47:43 -
Washington Digest (The Morning News)
WASHINGTON - In a move to repair a troubled housing market, the Senate last week approved tax breaks and mortgage incentives.
2008-04-12 05:47:55 -
Homeowners Facing Foreclosure Get Help (KETV 7 Omaha)
Workers with an outreach group called Go Hope are giving homeowners alternatives to foreclosure. Experts said one percent of omaha homes are currently in foreclosure and most of those homeowners were victims of predatory lending practices.
2008-04-12 08:02:07 -
Homeowners Faced with Foreclosure Get Advice (WXIA-TV Atlanta)
Hundreds of Atlantans on the verge of losing their homes got what could be some life-changing assistance from a non-profit homeowner counseling service. The national H.U.D. certified organization ACORN held a foreclosure fair Saturday afternoon to address the mortgage crisis in Georgia.
2008-04-12 08:37:38 -
Congress should focus on the housing crisis (The Kansas City Star)
Well, isn’t this rich: Max Baucus of Montana and Chuck Grassley of Iowa, chairman and ranking member, respectively, of the Senate Finance Committee, are suddenly in a lather that taxpayer funds might be involved in the Federal Reserve’s rescue of Bear Stearns.
2008-04-12 08:53:50 -
Expat pensioners feel the pinch as pound falls (Daily Telegraph)
With the euro strengthening against sterling, Britons across Europe are finding their dream lifestyle is no longer one that they can easily afford
2008-04-12 05:42:51 -
Bank of England should not fight imaginary housing crash (Daily Telegraph)
Closer to home, the entire country seems locked in a housing market panic. New Halifax figures showed that prices last month were 1.3 per cent down on March last year.
2008-04-12 06:16:22 -
Mortgage malaise spells tough times ahead for middle-class Britain (Daily Telegraph)
The fat years for bankers, hedge fund managers and financiers of most hues may now be coming to an end, but you could argue that they never actually began for middle-class Britain.
2008-04-12 06:16:32
