Mortgage and Financial News From 2008-7-14 Page 17
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Building permits show no sign of turnaround (Lawrence Journal-World)
It would have been a good month — 47 new single-family homes springing from the Lawrence ground. That type of month is the kind that keeps builders on their toes, and more importantly marks a return to the go-go ’90s when construction kept the gears of the local economy well-oiled. But neither local builders, nor the economy, had that type of month. Instead, 47 was the total number of Lawrence ...
2008-07-14 01:30:26 -
Monday's news and tips (Investors Chronicle)
• Mortgage lender Alliance & Leicester has confirmed it is in advanced stage talks over an offer worth 299p per share. • Insurer Friends Provident has scrapped plans to sell its financial advice unit Pantheon Financial.
2008-07-14 01:34:41 -
County emergency aid down $40K (The Pottsville Republican & Herald)
Expenses may be up, but financial aid is down. Schuylkill County’s Emergency Food and Shelter National Board Program budget is down $40,000 from last year, putting an extra burden on those seeking assistance with utility or housing bills, food supply and shelter.
2008-07-14 01:34:44 -
Government as the Big Lender (NYTimes.com via Yahoo! Finance)
For millions of Americans, the government has morphed from lender of last resort into effectively the only lender.
2008-07-14 01:36:53 -
US spells out Fannie-Freddie backstop plan (INO News)
(AP:WASHINGTON) Scrambling to bolster eroding investor confidence, the Federal Reserve and the Treasury Department announced steps to brace slumping mortgage giants Fannie Mae and Freddie Mac.
2008-07-14 01:46:50 -
U.S. offers plan to steady Freddie Mac and Fannie Mae - Los Angeles Times
WASHINGTON -- Acting to prevent a severe disruption of the mortgage market, the federal government stepped in Sunday with plans for a sweeping aid package designed to bolster confidence in battered home-loan giants Fannie Mae and Freddie Mac. The ...
2008-07-14 12:34:00 -
Discounted Mortgage Notes Can Stop Foreclosures: John F. Wasik - Bloomberg
July 14 (Bloomberg) -- Where politicians and bankers see vexing liabilities in defaulted mortgages and foreclosures, Robert Lee sees opportunities as he picks up the pieces of the housing bust. His company, Foreclosure Trackers Inc., which he co ...
2008-07-14 12:34:00 -
Asia stocks down after US mortgage plan - Chicago Tribune
HONG KONG - Most Asian markets fell Monday after the U.S. government announced plans to prop up troubled mortgage financiers Fannie Mae and Freddie Mac . Many of the region's major benchmarks opened higher but shed their gains and were in the red at ...
2008-07-14 12:05:00 -
Tokyo shares end morning higher on Fannie Mae-Freddie Mac relief plan ... - Forbes
TOKYO (Thomson Financial) - Japanese shares ended Monday morning higher after the U.S. government announced measures on Sunday to shore up mortgage giants Fannie Mae and Freddie Mac. Stocks were broadly higher, with banks such as Mizuho Financial ...
2008-07-13 08:52:00 -
JGB futures edge up, recover losses as stocks dip (Khaleej Times)
TOKYO - Japanese government bond futures edged up on Monday, crawling towards a two-month high as Tokyo shares slipped even after the U.S. government unveiled measures to support embattled mortgage lenders.
2008-07-14 01:00:58 -
Japanese shares fall on concerns over financial health of US (GMA News)
TOKYO - Japanese shares fell Monday as investors remained skeptical over the health of the US financial sector despite the US Federal Reserve"s steps to help troubled mortgage companies Fannie Mae and Freddie Mac.
2008-07-14 01:01:02 -
(AFX UK Focus) 2008-07-14 08:50 New Zealand shares close lower even as panic selling fears ease (Interactive Investor)
WELLINGTON (Thomson Financial) - New Zealand shares closed 1.3 percent lower Monday even as moves by the US government to prop up its mortgage market eased fears of panic selling, dealers said.
2008-07-14 01:01:05 -
Asia markets fall after US announces plan to bolster troubled mortgage giants (Detroit Free Press)
Most Asian markets fell Monday after the U.S. government announced plans to prop up troubled mortgage financiers Fannie Mae and Freddie Mac.
2008-07-14 01:01:47 -
Dollar up, stocks dip on Fannie Freddie plan (Khaleej Times)
HONG KONG - The U.S. dollar rose and government bonds slipped on Monday after Washington gave its backing to troubled mortgage firms Fannie Mae and Freddie Mac, but shares dropped on concern the global credit crisis is worse than previously thought.
2008-07-14 01:02:17 -
Nikkei abandons early gains, eyes turn to Wall St (Khaleej Times)
TOKYO - Japan's Nikkei stock average abandoned early gains to slip 0.2 percent on Monday to its lowest close in three months as the impact of emergency U.S. moves to help troubled home financing providers faded and lenders such as Mitsubishi UFJ Financial Group fell back.
2008-07-14 01:02:37