Mortgage and Financial News From 2008-7-16 Page 01
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Cortefiel's LBO Loans Signal European Retail Defaults (Update1) - Bloomberg
July 16 (Bloomberg) -- If there is any doubt European shoppers are following their U.S. counterparts into a recession, look no further than retailers' debt. Chain stores, led by Madrid-based Cortefiel SA and Fat Face Ltd. in London, are the worst ...
2008-07-16 04:49:00 -
American Color Graphics Granted Approval of First Day Motions - Businesswire.com
NASHVILLE, Tenn.--( BUSINESS WIRE )--American Color Graphics, Inc. ( “ the Company ” / “ American Color ” ) today announced that it has received Court approval of all of its first day motions, including interim Court approval of its debtor-in ...
2008-07-16 05:21:00 -
Housing rebound: When to spot one - CNN Money
(Money Magazine) -- This is already one of the worst national housing downturns in half a century. But what's really scary is that judging from the still-huge overhang of unsold homes - one of the key indicators of the market's prospects - things ...
2008-07-16 01:17:00 -
The Fannie-Freddie Dodge - Washington Post
The Fannie-Freddie DodgeWashington Post, United States - 3 hours agoThe core of both the Senate and House bills is a proposal to help subprime borrowers refinance into affordable government-backed loans -- provided that both ...
2008-07-16 06:54:34 -
Tamalpais Bank dips toe in mortgage business (Marin Independent Journal)
Tamalpais Bank has launched a program with First California Mortgage Co.
2008-07-16 04:17:10 -
Thanks for the Entertainment (The Sun Post)
It was raining, I was bored, and then my husband showed up with your Best of South Florida 2008 issue. It was very interesting. I even made notes for places to go to. Thanks for entertaining me for hours.
2008-07-16 05:05:26 -
Democrats, Paulson fight to keep housing bill moving (Reuters via Yahoo! News)
Congressional Democrats and the Bush administration scrambled on Wednesday to shore up support for a major housing market rescue bill, as Republican backing for it faltered on doubts about attaching a plan to bolster Fannie Mae and Freddie Mac.
2008-07-16 05:45:55 -
Freddie, Fannie Rescue Plan Runs Into Resistance (CBS 46 News Atlanta)
The Bush administration is lobbying skeptical lawmakers to support a rescue plan for Fannie Mae and Freddie Mac.
2008-07-16 08:12:35 -
Administration Pushes For Mortgage Giant Rescue (NBC 5 Chicago)
The administration's rescue plan for Fannie Mae and Freddie Mac is running into resistance from some lawmakers, including Republicans.
2008-07-16 08:14:22 -
Prices fall, sales rise for homes (The Press-Enterprise)
INLAND: Riverside and San Bernardino counties see the effects of foreclosures, experts say.
2008-07-16 08:33:47 -
Housing crisis may extend to Davis (California Aggie)
Amid a national housing crisis that has hit California especially hard, one might ask how the Davis market is doing - and the answer is debatable. "I don't think Davis is immune to the housing bust at all," said economics lecturer Erick Eschker.
2008-07-16 09:13:07 -
Agency offers mortgage restructuring aid (Lawrence Journal-World)
The Neighborhood Assistance Corporation of America is doing something that should have been done a long time ago.
2008-07-16 10:16:03 -
Henry: A whiner apologizes for the nation's financial woes - MetroWest Daily News
On behalf of the whiner community, I would like to say a few characteristically depressing words about the economy. As former Sen. Phil Gramm said recently, whiners like myself are having a mental recession when it comes to the economy. I have to ...
2008-07-16 09:10:00 -
A GLOBAL CASE OF CONFUSION - St. Petersburg Times
WASHINGTON — We've been having the wrong discussion about globalization. For years, we've argued over whether this or that industry and its workers might suffer from imports and whether the social costs were worth the economic gains from foreign ...
2008-07-16 04:09:00 -
DIY projects can hit house values - News.com.au
Regional director David Gaffney said homeowners choosing to install such fitments as DIY kitchen kits were only costing themselves in the long run. "If it's not done correctly, it's not aesthetically pleasing and it may affect the re-sale price," he ...
2008-07-16 07:29:00