Mortgage and Financial News From 2008-9-21 Page 4
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AIG fixed; is Michigan next? (Crain's Detroit Business)
News of an estimated $800 billion distressed mortgage buyout plan and an $85 billion takeover of New York-based American International Group Inc.
2008-09-21 06:36:09 -
Big Financiers Start Lobbying for Wider Aid (New York Times)
Even as all details of the $700 billion bailout of the financial industry had not been hammered out, financial firms were searching for ways to profit from it.
2008-09-21 06:39:06 -
Federal Reserve Video Gallery - CNBC
Staring at spreading financial dangers, the Federal Reserve announced a rescue package that would pour as much as $200 billion into banks and investment houses and allow them to put up risky home-loan packages as collateral. Wall Street rebounded ...
2008-09-11 03:34:00 -
Reverse mortgages are option for seniors to stay independent - Lowell Sun
Reverse mortgages are special products created exclusively for senior citizens. You may have heard about them, but aren't quite sure how they work. It's a loan that enables homeowners 62 and older to convert part of their home equity into tax-free ...
2008-09-21 03:29:00 -
In this best of all possible worlds, Lyric Opera bets on 'Candide' - San Diego Union-Tribune
But that's only a fraction of the work. And Lyric Opera San Diego is so certain of “Candide's” quality and appeal that the company will launch its 30th season with six performances of a new production that opens Friday at the Birch North Park ...
2008-09-21 12:59:00 -
Financial crisis not the time to panic - Jackson Sun
Sometimes that will require the government to step in with bailouts, as in the cases of Freddie Mac and Fannie Mae home mortgage giants, and Friday's actions by the Federal Reserve and the Treasury Department to free up credit.
2008-09-21 03:08:00 -
Treasury Seeks Authority to Buy Mortgages Unchecked by Courts - Bloomberg
Sept. 21 (Bloomberg) -- The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets. Through his plan ...
2008-09-20 09:17:00 -
Confused by mortgage rates? Here's what you need to know. - Idaho Statesman
Just about anyone who cares knows that interest rates on a 30-year, fixed-rate mortgage have dropped recently. But by the time you figure out what that means for you, it could all change. With the world's financial markets in uncharted territory ...
2008-09-20 10:50:00 -
Business people (Fort Wayne Journal Gazette)
The Auburn Cord Duesenberg Automobile Museum hired Debra Hickman as development director. Photo caption: Schuler
2008-09-21 03:21:37 -
Investment adviser: Think, don't panic (The Jackson Sun)
The current crisis on Wall Street could be a good thing or bad thing depending on the individual investor, according to William Haas, branch manager of UBS Financial Services Inc. in Jackson.
2008-09-21 03:22:50 -
Financial crisis not the time to panic (The Jackson Sun)
The melt down on Wall Street has Americans worried, as well it should. But it is not a time to panic. Instead, it is a time for cooler financial heads to weigh the risks and act in ways that will quickly stabilize the economy.
2008-09-21 03:23:31 -
Financial power shifts to the east (Guardian Unlimited)
In focus: After a momentous week that rocked global capitalism, will things ever be the same?
2008-09-21 03:29:42 -
Expert: Steve McLinden (Bankrate.com)
Dear Steve, Our current rental is in foreclosure and we must vacate! All the laws seem to favor the landlord, to whom we paid six months of rent in advance. We need to rent another house now, so how do we avoid renting one that's going into foreclosure?
2008-09-21 03:43:00 -
Bush Asking For $700 Billion Bailout - Huffingtonpost.com
Compare 11:32 PM EST 09:41 PM EST 09:22 PM EST 07:52 PM EST 07:25 PM EST 07:14 PM EST 07:02 PM EST 06:54 PM EST 06:48 PM EST 06:47 PM EST 06:36 PM EST 06:07 PM EST 05:28 PM EST 04:42 PM EST 04:00 PM EST 03:05 PM EST 02:38 PM EST 01:43 PM EST 01:40 PM ...
2008-09-18 05:59:00 -
Paulson On Bailout: "We're Talking Hundreds Of Billions" - Huffingtonpost.com
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2008-09-19 11:03:00