Mortgage and Financial News From 2008-9-21 Page 3
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WaMu Under Pressure, AIG Seeks Alternatives (Fox News)
As attention focused on efforts by Congress and federal regulators to concoct a plan to save the U.S. financial system, two companies hard-hit by the turmoil – American International Group (AIG) and Washington Mutual (WM) – labored to find solutions to their own problems.
2008-09-21 08:57:13 -
No need to put cash under the mattress - Minneapolis Star Tribune
T here has been a glut of bad news about the financial sector recently. The past nine months have brought nearly constant reports concerning the subprime mortgage crisis, the equity market turmoil and the banking "crisis.
2008-09-21 03:04:00 -
Tamweel and Amlak gain over 10% - Gulf News
Dubai: Amlak Finance and Tamweel, the UAE's two biggest mortgage lenders, jumped 10 per cent in Dubai as investors hunted for bargains after the shares fell to one-year lows last week. Amlak rose 15 per cent to Dh3.76, while Tamweel rose 10 per cent ...
2008-09-21 01:45:00 -
Paulson wants a speedy debt deal - BBC News
Henry Paulson has urged Congress to move quickly to pass a $700bn (£382bn) package to tackle the worst financial crisis for decades. The US Treasury Secretary plans to set up a fund to buy back much of the bad debt held by banks and financial ...
2008-09-21 02:50:00 -
Appraisers and lenders anxious for new lending rules - AZCentral.com
Mortgage lenders and home appraisers are anxiously awaiting news about the status of new lending rules intended to protect home buyers and investors from bogus appraisals. The Home Value Protection Program, scheduled to take effect Jan. 1, would ...
2008-09-19 06:05:00 -
The shadow banking system is unravelling - Financial Times
L ast week saw the demise of the shadow banking system that has been created over the past 20 years. Because of a greater regulation of banks, most financial intermediation in the past two decades has grown within this shadow system whose members are ...
2008-09-21 03:25:00 -
Takeovers of AIG, Fannie and Freddie raise business and political ... - Los Angeles Times
By agreeing to bail out insurance giant American International Group Inc. and mortgage lenders Fannie Mae and Freddie Mac, the federal government has put itself in the unprecedented position of running huge private companies. In the case of American ...
2008-09-21 04:01:00 -
Whitehaven News (The Whitehaven News)
Sadly, I think this interpretation owes more to the need to fill newspaper columns than any meaningful analysis. There are signs that the credit crunch may be easing slightly.
2008-09-21 04:28:33 -
How We Became the the United States of France (Time Magazine)
Viewpoint: As Washington rushes to nationalize troubled parts of the economy, the inescapable reality is that we're all French now
2008-09-21 04:30:50 -
Despite bailout plans, global economic hangover to continue (The Economic Times)
Regardless of how much the US government ponies up to salvage the financial sector, the global economic hangover may linger for years. Global funds still safe bet
2008-09-21 04:40:34 -
Market Meltdown (FOX 24 Macon)
The current financial and real estate market meltdown has many people up in arms, but mostly just plain old confused. Many economists say we went through a period in the 1990’s where banks lended money to people who weren’t so credit worthy.
2008-09-21 04:57:57 -
Top Scoops (Scoop.co.nz)
Every time there's a new Cheney-Bush scandal, every time we discover that Dick Cheney lied to Dick Armey, or another top Iraqi informed the White House there were no weapons, or another missile kills another large family in Afghanistan, or the wars in Pakistan and Iran get out of control before we'd realized they'd begun, or we discover that Cheney's lawyer signed the Attorney General's name to ...
2008-09-21 05:01:28 -
Bailout Plan Might Not Help Real Estate Soon (NBC 5 Chicago)
Despite the Bush proposed rescue of the financial industry, it will do little to ease lending standards so more homebuyers can qualify for loans.
2008-09-21 05:06:34 -
Mitsubishi UFJ Leads Banks Higher in Tokyo on U.S. Rescue Plan (Bloomberg.com)
Mitsubishi UFJ , Japan's largest bank, rose 4.3 percent to 899 yen at 9:29 a.m. local time while Sumitomo Mitsui gained 4.3 percent to 687,000 yen. The 84-company Topix Banks Index increased 3.7 percent.
2008-09-21 06:15:21 -
Democrats to Use Gains in Congress to Push New Rules on Markets (Bloomberg.com)
Sept. 22 (Bloomberg) -- No matter who's elected president in November, Democrats are poised to expand their congressional majority. And that means they will have a leading role next year in pushing through tough new regulation of U.S. financial markets.
2008-09-21 06:25:35