Mortgage and Financial News From 2008-4-11 Page 9
Previous Day: 2008-04-10
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6.5% Savings Rate Still Available (The Motley Fool)
Even after this week's base rate cut, you can still earn 6.5% interest on your savings.
2008-04-11 01:56:07 -
Financial expert: Think globally (The Bolingbrook Sun)
John Augustine, chief investment strategist for Fifth Third Bank, urged college students to think big as they plan for careers in the financial industry. "You need to think globally no matter what type of business environment you are in," he said Thursday at USF.
2008-04-11 02:06:20 -
Couple sues Chevron over property oil contamination (The San Luis Obispo Tribune)
Alleging that pollution has made it impossible to develop his land, John Voisinet has filed a lawsuit against Chevron, which he says is responsible for an oil pipeline polluting his San Luis Obispo property. The suit alleges that Voisinet’s two lots on the northeastern end of San Luis Drive were tainted more than 25 years ago when a construction worker broke a Union Oil Co. of California ...
2008-04-11 12:05:22 -
Senate backs housing bill heavy on tax breaks (Gresham Outlook)
WASHINGTON (Reuters) - The U.S. Senate on Thursday voted overwhelmingly to approve a $15 billion bill tackling the nation's housing market crisis with tax breaks for corporations and some assistance for distressed homeowners.
2008-04-11 12:19:34 -
Foreclosure hotline heats up (Denver Post)
When the Colorado Foreclosure Hotline started in October 2006, backers thought it might run its course after 18 months.
2008-04-11 12:21:07 -
Senate advances housing relief (Baltimore Sun)
The Senate passed legislation yesterday aimed at addressing the nation's housing crisis - setting the stage for thorny negotiations with the House, where Democrats are pushing a more sweeping measure tilted toward aiding borrowers at risk of losing their homes.
2008-04-11 12:28:58 -
Senate Approves Housing Relief Bill (NYTimes.com via Yahoo! Finance)
The Senate on Thursday moved to stabilize the battered housing market by approving a bill to provide tax breaks for home builders and other businesses.
2008-04-11 12:40:34 -
McCain reverses himself on mortgage position (International Herald Tribune)
Senator John McCain called for the U.S. government to aid some homeowners in danger of losing their homes by helping them to refinance and get federally guaranteed 30-year mortgages.
2008-04-11 12:57:25 -
Senate bill aimed at businesses and homeowners finds little support elsewhere (The Times of Northwest Indiana)
WASHINGTON | The Senate on Thursday passed a bipartisan package of tax breaks and other steps designed to help businesses and homeowners weather the housing crisis.
2008-04-11 01:01:50 -
Mizuho Profit Drops by 50% as Subprime Losses Swell (Update2) (Bloomberg.com)
April 11 (Bloomberg) -- Mizuho Financial Group Inc. , Japan's second-largest bank by revenue, said full-year profit tumbled 50 percent because of mortgage losses at its securities arm.
2008-04-10 09:50:46 -
Subprime Forces Insurers to Reduce CEO Pay More Than Hurricanes (Bloomberg.com)
April 11 (Bloomberg) -- Subprime mortgages have proved to be a bigger catastrophe for captains of the insurance industry than any natural disaster. American International Group Inc.
2008-04-10 10:18:23 -
Rate slide eases some mortgage woes (The Record)
WASHINGTON — Falling short-term interest rates have diminished the need for a much-heralded government plan to help homeowners whose mortgages were due to reset at more expensive levels.
2008-04-10 10:25:17 -
Rates boost for business (icWales)
BUSINESS leaders last night welcomed the Bank of England’s decision to cut interest rates by a quarter of a percent.
2008-04-10 10:38:04 -
FORUM: Share your housing struggles (Arizona Daily Sun)
What housing challenges are you facing living in Flagstaff? Is your housing inadequate, such as too many people in too small a space? See our story here. Is more than 30 percent of your household income going toward your rent or mortgage? Have you been unable to find a house on the market that is in your price range? Are you unable to save money for a down payment because of your current housing ...
2008-04-10 10:48:55 -
Letter to the editor: Housing bailouts irk homeowner (Public Opinion)
This is to all the politicians, and anyone who bought a house they couldn't afford. Please tell me why others should bail you out of your bad choice.
2008-04-10 11:07:50