Mortgage and Financial News From 2008-5-30 Page 3
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Credit where it's overdue - Boston Globe
REGULATORS AND elected officials are starting to circle the credit card companies, and not a moment too soon. The Federal Reserve reports that credit card debt rose more than 7 percent last month, on top of the already burdensome average of $8,000 ...
2008-05-30 04:29:00 -
Who's to blame for state's bad investments? - St. Petersburg Times
Story Tools In July and August of 2007, the state agency that manages billions of dollars in public investments bought at least $2.3-billion in securities from three Wall Street firms. Within just weeks, financial rating firms began downgrading those ...
2008-05-30 06:02:00 -
HOPE NOW Reports Record Progress, But Foreclosure Fears Remain (Nasdaq)
(RTTNews) - An organization created to help consumers avoid home foreclosures said Friday that it helped a record number of people in April.
2008-05-30 01:54:46 -
UPDATE: After May Bond Sell-Off, Investors See Little Hope Of Recovery (Nasdaq)
NEW YORK (Dow Jones) -- Corporate bonds may be in for more struggles as concerns about a slowing economy offset optimism about the state of the U.S. financial system, bond investors said.
2008-05-30 02:09:02 -
Diane Francis: U.S. Economy Huge Winner in Future (HuffingtonPost)
As financials struggle, the Fed's interest rate cuts have weakened the dollar even more, which greatly benefits exporters and multinationals. For most, the credit meltdown is only starting.
2008-05-30 02:33:09 -
Morgan Stanley analyst raises rating on AIG (INO News)
(AP:NEW YORK) American International Group Inc. shares appear to have fallen too far, according to Morgan Stanley analyst Nigel Dally who on Friday raised his rating on the insurer's stock.
2008-05-30 03:06:25 -
Peter G. Miller: Lenders won't ignore past financial woes when you want a mortgage (San Antonio Express-News & KENS 5)
Q: If someone experiences a personal foreclosure, is it possible to acquire a mortgage through his or her business or corporate financials without personal history being a factor?
2008-05-30 03:12:27 -
Cramer's 'Mad Money' Recap: Bank Bounce? (TheStreet.com)
Cramer says next week could determine whether financials can lift the market higher.
2008-05-30 04:17:56 -
Unfairly punished good banks are priced right (Milwaukee Journal Sentinel)
Times have been tough for bank investors. Bank stocks plunged last year by about 25%, turning in their worst...
2008-05-30 05:19:50 -
Bad credit data? Lenders might have to alert you under federal plan (Los Angeles Times)
2008-05-30 05:34:06 -
Letters From the Home Front: A Real Estate Deal Seen From 2 Sides (NYTimes.com via Yahoo! Finance)
A sample letter that buyers who fear overpaying might send to homeowners and a reply that confident sellers could fire back.
2008-05-30 06:37:46 -
Old fashioned, but looking good (Bangkok Post - Thailand's English news)
It is like the fashion industry: while long shirts take the fashion lead this year, short shirts might become a big trend next year. As the US sub-prime crisis ripples across other sectors, such as prime lending and consumption-related loans, more write-downs are expected for major foreign banks.
2008-05-30 06:44:25 -
AP News Calendar - FOX News
Major scheduled events during the week beginning June 1, 2008. Note that many events, especially court appearances, are subject to change at the last minute. The following economic reports will be issued in Washington (all times EDT): MONDAY ...
2008-05-30 02:34:00 -
More flooding is forecast for the South-west - The Independent
The South-west was braced for more flash floods, with the Met Office warning residents in Devon and Somerset they could see more than an inch-and-a-half of rain fall in the next 24 hours. "The potential is there for more incidences of flash flooding ...
2008-05-30 03:53:00 -
Next sues Asda in copycat fashion design row - Times Online
Next and Asda are locked in a legal battle over claims that Britain's second-biggest supermarket chain has copied the fashion retailer's clothing designs. Next is suing the supermarket group in the High Court in the latest of a series of high-profile ...
2008-05-30 03:39:00