Mortgage and Financial News From 2008-9-16 Page 01
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Futuretrust(R) Hopes and Dreams 2008 Survey Shows College Is a ... - Forbes
PHILADELPHIA, Sept. 16 /PRNewswire/ -- Today's American families know how important a college education is. In fact, not only does the typical bachelor's degree recipient earn about 61% more over a 40-year work life, but higher levels of education ...
2008-09-16 12:39:00 -
Foreclosure catastrophe needs your help - Memphis Commercial Appeal
Two years ago, a broker from a local mortgage company came to her home and persuaded her to refinance her mortgage at a high rate of interest.
2008-09-16 09:58:00 -
GM Unveils Electric Car - Washington Post
General Motors chief executive G. Richard Wagoner Jr. unveiled the automaker's long-awaited electric car, the Chevrolet Volt , which will be able to go 40 miles on a single charge from a home outlet. He also said the turmoil in U.S. financial markets ...
2008-09-16 11:09:00 -
Asian Stocks Fall as AIG Rescue Fails to Ease Investor Concerns - Bloomberg
Sept. 17 (Bloomberg) -- Asian stocks fell as a U.S. bailout of American International Group Inc. failed to ease concerns that credit-related losses will cause more financial failures. Macquarie Group Ltd. slumped 8.9 percent in Sydney even after ...
2008-09-16 10:48:00 -
Fed Keeps Rate at 2%, Rebuffing Call for Reduction (Update3) (Bloomberg.com)
Sept. 16 (Bloomberg) -- The Federal Reserve left its main interest rate at 2 percent, rebuffing calls by some investors for an immediate cut after Lehman Brothers Holdings Inc.'s bankruptcy shook markets worldwide.
2008-09-16 03:26:10 -
McCain And Obama On The Mortgage Mess (CBS News)
In "Where They Stand," Ben Tracy reports on how the proposed policies of Barack Obama and John McCain to tackle the mortgage crisis would affect you.
2008-09-16 05:30:03 -
Mortgage rates falling, but nervous home buyers may stay on sidelines (San Jose Mercury News)
The collapse of investment bank Lehman Brothers and the bargain-basement sale of Merrill Lynch won't have much direct negative impact on mortgage borrowers, experts say. Some borrowers may even benefit: The turmoil on Wall Street has resulted in lower rates for some home loans, which should be good for the housing market. Still, falling rates may not be enough to motivate many potential buyers.
2008-09-16 06:07:22 -
Media briefs: Capital punishment for all the kids, Bud Light swear jar... (Crikey)
Capital punishment for all the kids... Herald Sun demonstrates hanging... Bud Light swear jar...
2008-09-16 08:33:31 -
Ginnie Mae in a league of its own (The Nashua Telegraph)
With all the turmoil surrounding Fannie Mae and Freddie Mac, some investors are wondering whether they should be worried about their Ginnie Mae funds. ...
2008-09-16 09:13:19 -
Housing Starts in U.S. Probably Fell to 17-Year Low in August (Bloomberg.com)
Sept. 17 (Bloomberg) -- U.S. builders broke ground in August on the fewest new homes in 17 years, signaling the worst housing recession in a generation will continue to weigh on growth in coming months, economists said before a report today.
2008-09-16 09:25:41 -
The days of living beyond our means is over, says RBA - News.com.au
RESERVE Bank of Australia governor Glenn Stevens says the era of households living beyond their means might be coming to an end. Mr Stevens said household credit growth was much slower at present than it had been for some years and was running ...
2008-09-16 11:02:00 -
Local financial experts advise careful planning (Abilene Reporter-News)
Consumers and investors may need to buckle up for some extended turbulent weather in the financial industry, market professionals say.
2008-09-16 09:27:00 -
The Big Question: What was Roosevelt's New Deal, and is something like ... - The Independent
Now fear stalks British banks Central banks inject billions into markets but Fed holds US rates Treasury target missed as inflation hits 4.7% US government could bail out insurance giant AIG in U-turn deal Credit Crisis: Just how bad can it get? The ...
2008-09-16 09:22:00 -
Some seek U.S. agency to buy bad debt as long-term answer to Wall St ... - International Herald Tribune
WASHINGTON : As the Bush administration has lurched from pillar to post in the financial crisis, some lawmakers and experts were considering a longer-term legislative solution that would create a new agency to dispose of the mortgage-related assets ...
2008-09-16 06:59:00 -
US govt may bail AIG out | AIG under India scrutiny (IBN live)
US Federal Reserve has decided not to lower key lending rates.
2008-09-16 10:44:51