Mortgage and Financial News From 2007-8-25 Page 3
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Why the IMF Is Still Needed (The Globalist)
The ongoing relevance of the IMF is coming under increasing scrutiny. In this Globalist Document, we present a March 2007 speech given by IMF Managing Director Rodrigo de Rato. At a time of great turmoil in the financial markets, it shows that the institution has its eyes on the ball.
2007-08-25 06:25:37 -
Rebalancing amid turmoil keeps investments on track (The Cincinnati Enquirer)
The subprime-mortgage mess, and the accompanying stock- and bond-market turmoil, may have been a surprise.
2007-08-25 09:36:54 -
Dingell Mortgage Proposal Sparks Worry
MSN MoneyCentral - The housing market's downturn makes this an especially bad time to alter the interest deduction ... redirecting tax breaks for homeownership toward middle-income taxpayers by replacing the mortgage interest deduction with a 15 percent tax credit.
2007-08-24 10:42:00 -
GLOBAL MARKETS-Credit worries undermine stocks, boost yen
Reuters - ... problems facing markets and the financial system, including a credit and liquidity squeeze which has already forced central banks to pump in billions of cash. "The U.S. mortgage crisis is not over yet and will come to the fore again with new bad ...
2007-08-24 08:11:00 -
Credit risk seen as top economic threat in survey (Los Angeles Times)
Bad credit has supplanted terrorism as the gravest immediate threat to the economy, a national research group reported Monday.
2007-08-25 07:52:17 -
Group: Bad credit threatening U.S. economy (Lexington Herald-Leader)
Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday. Borrowers' withering ability to pay their bills and the subsequent fallout in the credit markets this summer topped the list of short-term risks on peoples' minds, according to a survey of 258 members conducted by the National Association of Business Economics. ...
2007-08-25 04:35:14 -
Group: Bad Credit Threatening US Economy (KDKA Pittsburgh)
Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday. CBS News Interactive: Eye On The Economy
2007-08-25 04:55:00 -
Group: Bad Credit Threatening US Economy (Washington Post)
NEW YORK -- Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday.
2007-08-25 04:35:45 -
Suits allege loan papers not clearly explained in Spanish
Inside Bay Area - ... home buyers who don't speak fluent English and could be helped by state law ensuring home loan documents with summaries disclosing mortgage terms, percentage rates and fees. Unfortunately, that law may not be AB 512, a bill amending current contract ...
2007-08-25 08:07:00 -
Lender Haunted by Vow to Buy Back Debt
HispanicBusiness.com - Expanding rapidly as the largest home mortgage company in the United States ... so, making it even harder for troubled borrowers to reduce their interest rates ... mortgages in the pools if their terms were changed to help borrowers remain current ...
2007-08-25 02:05:00 -
The week's top Personal Finance stories
Marketwatch - And based on what has been going on in the mortgage and credit markets, this is a ... follow principles in my book, "The Millionaire Zone," I wanted to share my current ... In addition to taxing the withdrawal at ordinary income rates, the IRS imposes an ...
2007-08-25 02:55:00 -
Mortgage mess hurts Main Street, beyond (AP via Yahoo! News)
The walls are bare, the closets are empty, and Connie and Timothy Pent and their two teenage children are living out of boxes as they wait for a dreaded knock at the door of their three-bedroom house in Ocala, Fla.
2007-08-25 04:39:16 -
Fitch Rates Erie County Water Authority's (New York) $35MM Revs 'AA ...
Forbes - ... manageable capital needs primarily funded by available cash resources, low rates ... Dedicated CIP funding sources include the current bond offering, excess operating ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
2007-08-24 05:34:00 -
TheStreet.com TV Recap: Play High-Growth Stocks as Rates Fall
Street.Com - ... mess in 1998 missed the multiple expansion prevalent in a lot of the high-growth stocks benefiting from interest rates coming ... Whereas the current crisis in subrpime involves a gigantic spread of problems, in 1998, it was a concentrated spread ...
2007-08-22 12:54:00 -
Fitch Rates Pasadena, Texas' $13.7MM GO Bonds 'AA-'
Forbes - The current fiscal 2007-2011 CIP calls for a total of $287.4 million in projects ... officials project tax base growth to continue, although at slightly lower rates ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
2007-08-24 09:23:00