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A collection of news and information related to Mortgages published by Tribune Company sources.
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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: Federal Reserve, Stocks, Stock Broking, Financial and Business Services, Hartford (Hartford, Connecticut)
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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: Bankruptcy, Unemployment, Laws, Small Businesses, John McCain
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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 Savings & Loan, offering a fire-sale price of 50 cents on the dollar. "I may lose a fortune," Potter...Tags: Legal Services, National Government, Columbia University, Rudy Giuliani, $700 Billion Bank Bailout
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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: John McCain, National Government, Prices, Government, Securities
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President's statement on the economy
Good morning. Over the past few days, we have witnessed a startling drop in the stock market -- much of it driven by uncertainty and fear. This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about...Tags: Federal Reserve, Stocks, Financial Markets, National Government, Stock Broking
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Text of President Bush's remarks Friday on the economy
Text of President Bush's remarks on the economy Friday, as provided by the White House: ___ BUSH: Good morning. Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear. This has...Tags: Federal Reserve, Stocks, Financial Markets, National Government, Stock Broking
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Lawsuit demands sheriff obey eviction orders
A mortgage lender has filed a lawsuit in Cook County Circuit Court seeking to force the county's sheriff to resume evicting people from foreclosed homes. Sheriff Tom Dart on Wednesday announced he'd stop sending his deputies on court-ordered mortgage...Tags: Condos and Houses, Rentals, Trials, Financial and Business Services, Foreclosures
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Ill. sheriff who halted evictions brings unconventional background to top law enforcement job
Associated Press WriterCHICAGO (AP) _ Diane Limas was already planning a protest as she walked out of the Cook County Sheriff's office. She and other renters had wanted to meet with Sheriff Tom Dart to complain about deputies tossing people out of their homes because banks had...Tags: Law Enforcement, Rentals, McHenry, Local Elections, Financial and Business Services
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Canada buying mortgages to keep credit available
Associated PressCanada is buying up to $25 billion Canadian ($21 billion) in mortgage backed securities from the country's banks in an effort to maintain the availability of credit, the country's finance minister said Friday. Finance Minister Jim Flaherty said the...Tags: Consumers, Government, Money and Monetary Policy
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Obama: McCain mortgage plan ill-advised
The Swampby John McCormick, updated DAYTON, Ohio - Sen. Barack Obama once taught constitutional law, but his lecture today was again primarily on economics, and he made clear that he does not like the new homeowner assistance plan being pushed by......Tags: John McCain, Minor League Baseball, Homes, Public Finance, State Budgets
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McCain plan: Back and forth and back again
Spin CycleIs McCain's $300 billion mortgage bailout plan part of the $700 billion or not? Sorry if we're confusing you, but it's confusing: Tuesday night the answer was yes: "The direct cost of this plan would be roughly $300 billion......Tags: John McCain, National Government, Freddie Mac, Government, Fannie Mae
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Video: Obama hits McCain's shifting mortgage plan
Spin CycleIf you were confused about the new plan to purchase mortgages proposed by John McCain in the last debate, you weren't alone. Apparently, it changed between the time he first proposed it and the time it was explained to reporters......Tags: John McCain, $700 Billion Bank Bailout
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
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|Story| Associated Press
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|Story| Associated Press
Oct 10, 2008
|Story| Los Angeles Times
Oct 10, 2008
|Story| Associated Press
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|Story| Associated Press
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|Story| Associated Press
Oct 10, 2008
|Story| Chicago Tribune
Oct 10, 2008
|Blog| Chicago Tribune
Oct 10, 2008
|Blog| Newsday
Oct 10, 2008
|Blog| Newsday
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