Mortgage and Financial News From 2008-7-14 Page 14
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Hubbard joins Mortgage Network (The Citizen of Laconia)
Mortgage Network, Inc. recently announced that Denise Hubbard has joined the Laconia branch as a reverse mortgage specialist, advising Mortgage Network customers 62 and older.
2008-07-14 12:21:27 -
Home equity lines frozen at IndyMac (Los Angeles Times)
2008-07-14 12:50:32 -
Dollar Gains as Paulson Seeks Equity Stakes in Freddie, Fannie (Bloomberg.com)
July 14 (Bloomberg) -- The dollar rose for the first time in four days against the euro after U.S. Treasury Secretary asked Congress for authority to buy stakes in Freddie Mac and Fannie Mae to restore confidence in financial markets.
2008-07-14 04:29:15 -
US Treasury to spend billions in bailout of Freddie Mac and Fannie Mae - Times Online
The US Government took dramatic steps to prop up America’s financial system last night, announcing that it was prepared to pump billions of dollars into the country’s mortgage market in a desperate measure to prevent the economy going into a ...
2008-07-14 03:18:00 -
Feds' Efforts To Reassure Fannie, Freddie Investors - NPR News
Morning Edition , July 14, 2008 · Days after insisting that a bailout of Fannie Mae and Freddie Mac wasn't necessary, the Bush administration has announced an unprecedented plan to support the mortgage giants. Regulators unveiled steps Sunday night ...
2008-07-14 04:37:00 -
Fannie Mae, Freddie Mac and a nightmare on Wall Street - Guardian Unlimited
Another day, another stock market slide. Friday saw the Dow fall another 120 points to below 11,000 at its low. The reason is the legacy of the credit crunch and its impact on the US housing market and mortgage institutions. House prices and turnover ...
2008-07-14 04:23:00 -
U.S. offers aid to faltering mortgage giants - Globe and Mail
The Skipper from Canada writes: Yes, how does the average Joe get in on this corporate welfare gravy train. It is too bad that the federal government in the U.S. doesn't step in to save those folks who are losing their homes.
2008-07-14 02:28:00 -
SE Asian Stocks-Lower on credit fears, Thailand leads losses - Reuters
SINGAPORE, July 14 (Reuters) - Most Southeast Asian stock markets fell on Monday after a U.S. plan to bailout two of its largest mortgage lenders reinforced the severity of the global credit crisis, weighing on financials, such as Bangkok Bank. The U ...
2008-07-14 03:25:00 -
Veterans come together to aid soldier injured in Iraq (Midland Daily News)
He was severely injured in the Iraq War, ending his military career and requiring extensive, ongoing rehabilitation at Womack Army Medical Center in Fort Bragg, N.C.
2008-07-14 05:20:37 -
Advertisement starts (Tiscali)
quoted as telling a meeting of economic ministers that the world’s financial markets were "on the verge of a crisis". The Monetary Authority of Singapore, meanwhile, was blunt.
2008-07-14 05:20:51 -
U.S. Treasury, Fed Step In To Assist Freddie, Fannie (NPR)
A U.S. government plan to restore confidence in Fannie Mae and Freddie Mac would temporarily raise the Treasury Department's credit line to the two mortgage financiers. The idea is to shore up the companies' finances and keep money flowing to the mortgage market. What does this mean for mortgage holders and taxpayers?
2008-07-14 05:31:01 -
Welcomes but warnings for Fannie, Freddie rescue plan (The Globe and Mail)
LONDON (Reuters) - A U.S. government plan to rescue mortgage agencies Fannie Mae and Freddie Mac was welcomed by one of the world's biggest holders of dollar assets on Monday but fears remained about the state of the global financial system.
2008-07-14 05:35:55 -
U.S. lays out plan to prop up mortgage giants (Chicago Tribune)
2008-07-14 05:41:17 -
Dodd backs administration's steps on mortage lenders (KRON 4 Bay Area)
WASHINGTON (AP) - A key Democratic senator says the actions taken by the Bush administration to support two troubled mortgage giants are "probably the right steps."
2008-07-14 05:41:59 -
SKorean shares close lower, tracking region; domestic-demand stocks ... - CNBC
SEOUL (Thomson Financial) - South Korean shares gave up early gains to close lower on Monday as foreign investors unloaded stocks, especially those of companies relying on domestic demand, amid further weakness across the region and growing concerns ...
2008-07-14 12:19:00