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A collection of news and information related to Mortgages published by Tribune Company sources.
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President Bush: US will work with partners on credit crisis
The Associated PressPresident Bush emerged from a meeting with foreign financial officials on Saturday and pledged a global response to the credit crisis that will lead toward a "path of stability and long-term growth." Bush announced no new strategies to attack the...Tags: Henry Paulson, Financial Markets, Government, George Bush, Executive Branch
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Bush pledges US cooperation, coordination with trading partners to combat global credit crisis
AP Economics WriterWASHINGTON (AP) _ President Bush met with foreign financial officials Saturday and pledged a global response to the credit crisis that will lead toward a "path of stability and long-term growth." Bush announced no new strategies to attack the economic...Tags: Henry Paulson, Financial Markets, Government, George Bush, The White House
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Reality distortion II: Palin's distortion by deletion
Spin CycleAnother example of how people come to believe completely opposite things about what is going on in the presidential race: Consider the plan McCain unveiled at Tuesday's debate to buy distressed mortgages to help homeowners. As reported, that night......Tags: Sarah Palin, Barack Obama, $700 Billion Bank Bailout, John McCain
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Legg subsidiary sells entire stake in Freddie
Baltimore's Legg Mason Capital Management, the namesake money manager's subsidiary run by Bill Miller, has sold its entire stake in mortgage giant Freddie Mac, which was taken over by the government last month, according to documents filed yesterday...Tags: Freddie Mac, E-Commerce Industry, Amazon.com Inc., Bill Miller, Fannie Mae
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Obama proposes tax breaks, loans for small business; McCain wants to halt retiree stock sales
AP Special CorrespondentWASHINGTON (AP) _ John McCain and Barack Obama outlined steps to counter the faltering economy and plummeting stock market on Friday, fresh evidence of the dominant role of pocketbook issues in their race for the White House. McCain, lagging in the...Tags: Retirement, Homes, Government, State Budgets, The White House
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Banks get break with 'fair value'
The standard-setting board for corporate accounting adopted new guidance Friday that will give banks a break in the distressed market and could boost their balance sheets. The five-member Financial Accounting Standards Board decided to provide some...Tags: U.S. Securities and Exchange Commission, Prices, Securities
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Obama, McCain advisers clash over economic policy
Associated Press WriterAn adviser to John McCain said Friday his plan to buy bad mortgages with tax money is the best way to address the nation's economic crisis, but an aide to Barack Obama argued that would reward greedy lenders. The comments came during a two-hour debate...Tags: Economic Policy, State Budgets, Local Authority, Unemployment, Bankruptcy
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Vulture investors poised to feed on distressed companies, but hesitate as prices keep falling
Associated Press WriterNEW YORK (AP) _ When financial panic sweeps Bedford Falls in the 1946 movie "It's a Wonderful Life," the villain, Mr. Potter, moves to snap up the Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar. "I may lose a...Tags: Bedford (Bronx, New York), Rudy Giuliani, Foreclosures, Government, Lehman Brothers Holdings Incorporated
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Board approves new guidance for accounting rules that could help ease financial crisis
AP Business WriterNORWALK, Conn. (AP) _ The standard-setting board for corporate accounting adopted new guidance on Friday for how banks value assets in the distressed market, a move that could boost their balance sheets. The five-member Financial Accounting Standards...Tags: U.S. Securities and Exchange Commission, Government, Prices, Securities, National Government
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Despite global rate cuts and cash injections, banks keep hoarding cash, a bad sign for credit
AP Business WriterNEW YORK (AP) _ Governments around the world have slashed interest rates and ramped up their lending to unprecendented levels, but banks are still charging each other extremely high borrowing rates — a bad sign for the credit markets that remain...Tags: Stock Activities, General Electric Company, Government Debt, American Express Company, Loans
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Lender drops suit vs. Cook Cty sheriff on eviction
Associated Press WriterA mortgage lender that filed a lawsuit to force the Cook County sheriff to evict a suburban Chicago woman from her home announced Friday it has withdrawn the suit. Accredited Home Lenders said in a brief statement it would also suspend its eviction...Tags: Condos and Houses, Foreclosures, Dolton, Financial and Business Services, Rentals
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Meltdown 101: Bankruptcy filing won't provide much help for most borrowers facing foreclosure
AP Business WriterWASHINGTON (AP) _ Can filing for bankruptcy help homeowners facing foreclosure? For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or...Tags: Foreclosures, Government, Lawyers, Financial and Business Services, National Government
Oct 11, 2008
|Story| South Florida Sun-Sentinel
Oct 11, 2008
|Story| Associated Press
Oct 11, 2008
|Blog| Newsday
Oct 11, 2008
|Story| Baltimore Sun
Oct 10, 2008
|Story| Associated Press
Oct 11, 2008
|Story| Newsday
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
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