Mortgage and Financial News From 2008-3-5 Page 13

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  • Wall Street falls, led lower by financials, Boeing

    Washington Post - In another housing-related development, shares of Thornburg Mortgage Inc (TMA.N) tumbled 56 percent to $3.92 after the home lender said it has suffered $270 million of new margin calls and failed to meet many of them.
    2008-03-03 08:24:00

  • Bernanke: More mortgage, home woes ahead

    CNN Money - More mortgage, home woes ahead Federal Reserve chairman says delinquencies and foreclosures are likely to rise, and ... have to change terms of their loans to reduce the principal owed by the homeowner, in return for the lender benefiting if and when home ...
    2008-03-04 05:59:00

  • Thornburg Mortgage plunges on bankruptcy worry

    Guardian Unlimited - NEW YORK, March 3 (Reuters) - Thornburg Mortgage Inc on Monday said it has suffered ... It said it is in talks with a lender that declared an event of default after ... quarter and suspended its dividend, as it scrambled to sell $21.9 billion of home ...
    2008-03-03 08:16:00

  • Fraud compounds woes of housing crisis

    Reuters - Mike Reardon of nonprofit lender Neighborhood Housing Services of Chicago (NHS ... He had no idea he owned a home in Chicago." Across the street, he points to ... Arthur Prieston, chairman of the Prieston Group, which provides mortgage-fraud ...
    2008-03-05 07:53:00

  • Ambac Halted Ahead of News (TheStreet.com)

    The troubled bond insurer has been rumored to be the subject of a bailout deal.
    2008-03-05 09:19:20

  • Chancellor Recommends CUNY Administrator To Head USM (WMTW Auburn)

    An administrator at the City University of New York is in line to become president of the University of Southern Maine.
    2008-03-05 09:22:58

  • Aunt Jemima Products Recalled (KERO 23 Bakersfield)

    Quaker Oats recalls Aunt Jemima products over potential salmonella contamination.
    2008-03-05 09:58:32

  • Fed chief sees housing problem as serious economic threat (12 News Phoenix)

    WASHINGTON - Bernanke's call for banks to forgive portions of mortgages at risk of defaulting goes beyond the stance of the Bush administration and even previous Fed comments, indicating that he sees housing as a serious threat to the economy that can't be addressed by fiscal or monetary policy alone.
    2008-03-05 10:13:48

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-05 10:20:41

  • City Council ponders $1 million loan request from Gerber Development (Bluffton News-Banner)

    At their meeting Tuesday evening, the Bluffton City Council had a lengthy discussion with Eric Gerber, president of Gerber Development LLC, about borrowing $1 million to be paid back over five years from the city’s Keebler Fund to build a new warehouse/manufacturing facility.
    2008-03-05 10:26:01

  • Countrywide Is Sued Again by U.S. Overseer (NYTimes.com via Yahoo! Finance)

    The United States Trustee has filed a second lawsuit against the mortgage lender Countrywide Financial, accusing the company of abusing the bankruptcy process.
    2008-03-05 10:40:01

  • Help is available for foreclosure victims (South Side Journal)

    Even though the national housing foreclosure crisis has not hit the South County area nearly as hard as other areas, help is available to those who find themselves in the thick of it.
    2008-03-05 10:54:32

  • Running on Blade Runner

    Slate - Under-undernews Alert : Too bad the tabloid Globe doesn't have the credibility of the Enquirer . ... 11:29 A.M. And she hasn't even cried yet: Obama slipping in Texas, falling behind in Ohio . Is Hillary's mutnemom kicking in? ... 10:16 A.M. Running ...
    2008-03-03 02:00:00

  • Featured PRFirm

    PRWeb - ... of all ages and abilities a unique opportunity to join a band to play music, write original songs, record a CD, and ... Have the low interest rates available lately tempted you to reach for higher rates in new places? Low interest rate environments ...
    2008-03-03 12:06:00

  • Andy Oram Reports

    American Reporter - Plans to charge different rates on an Internet-wide basis are a horse of a ... And other large Internet companies are showing interest, as evinced by a suggested ... This is just one indication, along with declining movie attendance and CD ...
    2008-03-04 09:01:00

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