Mortgage and Financial News From 2008-9-29 Page 9
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Jeff Saut: It's a Buyout, Not a Bailout - MSN MoneyCentral
Federal National Mortgage Association ( FNM ) Stock Quote , Chart , News , Add to Watchlist "Never eat at a restaurant named Mom’s. Never play cards with a man named Doc. Never get involved with a woman that has more troubles than you. And never ...
2008-09-29 07:23:00 -
Q&A Bradford & Bingley: How will the buy-to-let market be affected? - Times Online
The Government announced it was nationalising Bradford & Bingley (B&B) this morning, after its share price had fallen 93 per cent to 20p by Friday evening and confidence in the bank had evaporated. The ex-building society specialised in primarily in ...
2008-09-29 08:21:00 -
Paulson will have no peer - Los Angeles Times
WASHINGTON -- Despite all the constraints Congress supposedly wrapped around him, Treasury Secretary Henry M. Paulson is about to become the most powerful mortgage financier of the modern era -- most likely of any era. Buried beneath the 100-plus ...
2008-09-29 07:59:00 -
Bailout Treats Symptoms, Not Disease - MSN MoneyCentral
Federal National Mortgage Association ( FNM ) Stock Quote , Chart , News , Add to Watchlist The bailout is done! Time to breathe a sigh of relief. Or is it? As details emerge about the financial bailout package that was jammed through Congress over ...
2008-09-29 06:12:00 -
Wachovia Option-ARM Mortgage Losses May Force Merger (Update2) - Bloomberg
Sept. 29 (Bloomberg) -- Wachovia Corp. , under increasing pressure after shares of the sixth-biggest U.S. bank by assets plunged 47 percent last week, may be forced to seek a buyer or merger partner as losses from mortgage defaults mount. Three days ...
2008-09-29 05:00:00 -
Need-to-know basics (Knoxville News Sentinel)
Consider these tips before entering the marketplace
2008-09-29 08:35:09 -
Wachovia's `Great Success' Became $122 Billion Mortgage Burden (Bloomberg)
Sept. 29 (Bloomberg) -- On a May 2007 conference call, Wachovia Corp. 's then-Chief Executive Officer Ken Thompson trumpeted the $24 billion acquisition of Golden West Financial Corp., a California lender that specialized in payment-option adjustable-rate mortgages.
2008-09-29 08:39:05 -
Stock markets slump anew (The Manila Times)
GLOBAL stock markets tumbled on Monday, despite a breakthrough Wall Street bailout deal, as the ongoing financial crisis forced the state rescue of two key European banks.
2008-09-29 08:39:30 -
The Bailout Deal: Will It Fly in Congress? (Time Magazine)
In a midnight session, congressional leaders and the Bush Administration came to a tentative agreement on a $700 billion bailout package
2008-09-29 08:39:43 -
Who wins, who loses under government bailout plan? (The Pantagraph)
WASHINGTON, D.C. -- The proposal to bail out U.S. financial markets to the tune of up to $700 billion creates a lot of potential short-term winners, as well as some losers.
2008-09-29 08:47:46 -
£15bn wiped off bank shares as taxpayers pick up £40bn bill for Bradford & Bingley's bad debt (Daily Mail)
Almost £15 billion was wiped from the value of high street banks in a day of panic in the City.
2008-09-29 08:48:08 -
Citigroup to buy Wachovia's banking operations (Orlando Sentinel)
In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.
2008-09-29 08:51:33 -
Bush confident ahead of bailout vote (Toronto Star)
Key supporters of a Wall Street bailout package prodded lawmakers to approve the plan hours ahead of a difficult House vote on Monday, with President Bush saying it is needed to "keep the crisis in our financial system from spreading throughout our economy.''
2008-09-29 09:07:12 -
`Hurting' Builders Seek New Tax Credit to Help Market (Update1) (Bloomberg)
Sept. 29 (Bloomberg) -- U.S. homebuilders , buffeted by at least $19 billion in losses since 2006, plan to ask Congress to help stop the bleeding.
2008-09-29 09:09:22 -
Poll: McCain to Do Well In N. Fla. - The Ledger
Wesley Clark to Be In Lakeland Today Palin Aims for Middle Ground at Florida Campaign Stop Palin's Rally at The Villages Sunday May Be a Record-Setter Bush Cancels Visit To Florida McCain Blasts Wall Street, Corporate Greed McCain Campaigns in Fla ...
2008-09-29 03:49:00