Mortgage and Financial News From 2008-5-17 Page 01
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Twister turned metro lives upside down - Atlanta Journal Constitution
The moment came Tuesday afternoon, when the insurance man confirmed what Mark Freeman suspected. The Ellenwood home he built five years ago must be torn down. Mark Freeman and his fiance, Monique Jordan, sort through personal belongings that survived ...
2008-05-17 08:12:00 -
Senators Reach Accord on Housing Rescue - CNBC
Leaders of the U.S. Senate Banking Committee said on Thursday they have agreed to the underpinnings of a housing rescue plan that will create a federal backstop for failing loans. "We feel very optimistic we can have a very significant bill, a ...
2008-05-16 01:08:00 -
Citi Sells Australia's 1st Mortgage Bond in 5 Months (Update2) - Bloomberg
May 16 (Bloomberg) -- Citigroup Inc. , the biggest U.S. bank by assets, reopened Australia's mortgage-backed bond market by offering investors a record high yield margin on A$500 million ($470 million) of securities. Citigroup priced the debt to ...
2008-05-14 05:52:00 -
Article XII prohibits foreclosure prevention initiative (Saipan Tribune)
The U.S. Department of Housing and Urban Development said that Article XII of the CNMI Constitution prohibits the federal government from implementing foreclosure prevention initiatives such as the Federal Housing Administration Secure Plan in the CNMI.
2008-05-17 09:09:32 -
RV sales crunched by housing woes, gas prices (The Post and Courier)
The $15 billion recreational vehicle industry has been among the less-heralded casualties of the sluggish economy, say manufacturers, dealers and others. But the impact has been severe.
2008-05-17 09:21:31 -
County Sees Big Surge In Pentagon Funding (The Pasco Tribune)
The Pentagon pumped nearly $100 million into Pasco County in 2006, a dramatic increase over recent years, according to a recently released government report.
2008-05-17 09:21:39 -
Public Record (The Findlay Courier)
Docket
2008-05-17 09:24:33 -
What a Deal: Trash for Treasuries (NYTimes.com via Yahoo! Finance)
Part of the Federal Reserve’s plan to keep Wall Street solvent — letting banks trade hard-to-sell securities for cash — could force the taxpayers to cover losses.
2008-05-17 09:37:17 -
Youth baseball (Pocono Record)
PM East LL — Reinhardt's 2, Bombers 1. Steven Farnan good pitching, Nick Cardini good hitting ... Josh Ortega good hit. National City Mortgage 4, Strauss Homes 2. Austin Nye good pitching, HR, Dave Schwartz good hit ... Gavin Whitmore good hit.
2008-05-17 09:38:47 -
Major piece of session-ending deal falls into place (Winona Daily News)
ST. PAUL — A major piece of a session-ending budget deal fell into place Saturday when a key negotiator said a health care agreement had been reached.
2008-05-17 09:48:02 -
Mortgage crisis hit home: Foreclosure rate rises in Beaufort County (Island Packet)
In the first quarter of 2008, foreclosures surged 112 percent nationally over the same period a year ago, according to the real estate marketing firm RealtyTrac.
2008-05-17 09:56:38 -
Lawmakers pass bill to block foreclosures - Minneapolis Star Tribune
By a razor-thin, one-vote margin, the state Senate today gave final approval to a bill that would defer foreclosures on homes bought with subprime mortgages. But the measure could face a veto from Gov. Tim Pawlenty. Many DFLers supported the ...
2008-05-17 03:04:00 -
Lenders Paying for Untrashed Foreclosures - Street.Com
2008-05-16 17:10:00.0 Some people are getting a lift from their foreclosures -- by lifting items from the houses before they leave. And lenders are offering cash to stop that from happening. Not long ago, on a brisk day in a middle class neighborhood ...
2008-05-15 05:58:00 -
Feds dismiss mortgage fraud case - Galveston County Daily News
The federal government has quietly dismissed charges against a Friendswood attorney-turned-developer, a former NFL player and three other men accused last year of defrauding three Houston banks in a multimillion dollar mortgage scheme. The U.S ...
2008-05-17 03:18:00 -
Bradford & Bingley boss has nowhere left to U-turn - Daily Telegraph
Too much of a good thing: B&B's narrow focus on buy-to-let lending has led to claims that it should have diversified its business earlier In a bad-tempered outburst last week, Steven Crawshaw, chief executive of Bradford & Bingley, accused analysts ...
2008-05-17 07:22:00