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| Va. August revenues (Mortgage refinancing) continue to fall, cuts planned |
| Tuesday, September 16, 2008 |
Va. August revenues continue to fall, cuts planned - MSN MoneyCentral RICHMOND, Va. (AP) - Virginia's revenues continued falling in August as year-to-date collections dipped below the previous year's comparable total for the first time in nearly six years. Two months into the current budget, total general fund receipts Source: news.moneycentral.msn.com What does it all mean to the housing and mortgage refinancing mortgage markets, whose - San Francisco Gate Believe it or not, the past eight days provided a dose of good news - at least in the short term, because mortgage rates are down. Long-term impact is harder to predict - and mortgage refinancing many experts say fallout from the turmoil could whipsaw housing and mortgage refinancing Source: www.sfgate.com Weak holiday sales expected - CNN Money New York (CNNMoney.com) -- The struggling economy should hurt the holiday shopping season according to Deloitte & Touche. The New York company forecasted the 2008 shopping season will only see a 2.5% to 3% increase this year. Last year Deloitte Source: money.cnn.com PHH shares continue decline amid market turmoil - Forbes Shares of PHH Corp. continued their decline Tuesday as the financial sector meltdown weighed on the mortgage originator. PHH shares slipped 24 cents to $13.93 in afternoon trading. Earlier in the session, the stock touched a 52-week low of $13.35 Source: www.forbes.com Wholesale jitters take toll on HBOS - Financial Times Concerns about HBOS s exposure to wholesale funding prompted a 22 per cent decline in its share price Tuesday, following an 18 per cent fall on Monday. Jitters in the wholesale market, intensified by the collapse of Lehman , have particularly Source: www.ft.com Fitch Upgrades 2 Classes of NationsLink Funding Corp. Series 1999-1 - Forbes Fitch Ratings upgrades NationsLink Funding Corporation commercial mortgage pass-through certificates, series 1999-1 as follows: --$9.2 million class G to 'AAA' from 'AA- Source: www.forbes.com Mortgage refinancing wave seen silver lining to market woe - Reuters NEW YORK (Reuters) - The wreckage from Wall Street's latest calamity could have an unexpected silver lining for the beleaguered U.S. housing market -- lower interest rates. The bankruptcy filing by Lehman Brothers Holdings Inc (LEH.N: Quote , Profile Source: www.reuters.com
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| posted by @ Tuesday, September 16, 2008 |
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| Mortgage refinancing - See today's average credit card rates across the |
| Sunday, September 21, 2008 |
See today's average credit card rates across the country. - MSNBC WASHINGTON - Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senior executives and mortgage refinancing said it was restructuring its organization. The company, the biggest buyer and mortgage refinancing guarantor Source: www.msnbc.msn.com Some editorial reaction to US government's $700B plan to buy up bad - Chicago Tribune Here is what some newspapers had to say about the Bush administration's move to ask Congress for $700 billion to buy up troubled mortgage-related assets from U.S. financial institutions: The Philadelphia Inquirer: "The unprecedented taxpayer Source: www.chicagotribune.com The mortgage buck stops where? - Christian Science Monitor Like a subprime mortgage, Congress may soon put taxpayers on a risky hook for mortgages gone bad. The Bush administration wants authority to spend up to $700 billion, or about the cost of the Iraq war, to buy up troubled loans. A federal rescue Source: www.csmonitor.com Democrats push back - CNN Money NEW YORK (CNNMoney.com) -- Democratic leaders on Capitol Hill said on Sunday that the Bush administration's $700 billion proposal to bail out the financial system lacked necessary safeguards for taxpayers and mortgage refinancing homeowners. Democrats want the measure to Source: money.cnn.com Paulson urges quick action on $700 billion bailout - Houston Chronicle WASHINGTON The Bush administration insisted Sunday that Congress must move quickly to approve what one lawmaker called the "mother of all bailouts" a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the Source: www.chron.com FEATURE-For many U.S. Christians, it's God before mortgage - Forbes CHICAGO (Reuters) - For many Americans, a pact with God outweighs any earthly contract, including a mortgage. While millions may lose their homes during the worst housing slump since the Great Depression, some devout Christians among them will do so Source: www.forbes.com $700B bailout: The latest - CNN Money NEW YORK (CNNMoney.com) -- The Bush administration has filled in one big unknown about its proposed bailout of the banking system - the price tag. But many more questions have emerged. The $700 billion plan, the most sweeping intervention in the Source: sportsillustrated.cnn.com Mixed reviews of relief plan sent to Congress - San Francisco Gate Sunday, September 21, 2008 Capping the most tumultuous week on Wall Street since the Great Depression - five days that saw the bankruptcy of venerable investment bank Lehman Bros., the emergency sale of brokerage giant Merrill Lynch and mortgage refinancing the Source: www.sfgate.com McCain criticizes Obama for lack of leadership - Detroit Free Press Addressing a meeting of the National Guard Association, McCain faulted Obama for not offering a plan to stabilize financial markets after a crisis in the mortgage industry led to the collapse of two investment banks and mortgage refinancing the government bailout of Source: www.freep.com
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| posted by @ Sunday, September 21, 2008 |
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