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A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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7839 items on Financial and Business Services
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Fed veteran says rate rise now could limit inflation
From wire reportsThe president of the Federal Reserve Bank of Richmond, Va., said yesterday that the central bank should consider raising interest rates to limit inflation as the threat of a steep economic slump begins to fade. "Just as easing policy in response to...Tags: Inflation and Deflation, Central Bank, Housing and Urban Planning, Freddie Mac, Federal Reserve
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Fed expects financial turmoil into late '09
From wire reportsFederal policymakers have concluded that the turmoil afflicting the housing and financial markets is likely to spill deep into 2009, becoming one of the most significant domestic problems to confront the next president when he steps into the Oval Office...Tags: Banking, Petroleum Industry, Stock Activities, Consumer Confidence, Bears Stearns Cos.
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Housing slump shows signs of lingering
From wire reportsSigns are emerging that the U.S. housing market's long slump is likely to continue through the summer, and may not recover for at least another year. The latest report, the National Association of Realtors' index of pending home sales, slipped by 4.7...Tags: Real Estate Sales, Freddie Mac, National Government, Clubs and Associations, Foreclosures
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SEC finds conflicts at rating agencies
Associated PressThe three main credit rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages, federal regulators said yesterday. The results of the yearlong review by the Securities and Exchange...Tags: Moody's Corporation, Housing and Urban Planning, Securities, Credit Ratings, Interior Policy
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Fed To Crack Down On Shady Home Loan Practices
Associated PressThe Federal Reserve will issue new rules next week aimed at protecting future home buyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. Fed Chairman Ben Bernanke spoke of...Tags: Central Bank, Real Estate Buyers, Banking, Federal Reserve, National Government
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SEC Faults Three Main Credit-Rating Agencies
The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages that later collapsed, federal regulators said Tuesday. The results of the yearlong review by the...Tags: Moody's Corporation, Housing and Urban Planning, Securities, Credit Ratings, Interior Policy
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Realtors see housing slump continuing
WASHINGTON - Signs are emerging that the U.S. housing market's long slump is likely to continue through the summer, and may not recover for at least another year. The latest report, the National Association of Realtors' pending home sales index,...Tags: Sales, Freddie Mac, Federal Reserve, Fannie Mae, The White House
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Programs to prevent foreclosure don't guarantee success
Sentinel Staff WriterTheir construction business decimated, cars repossessed and mortgage in danger of default, Jason and Teresa Olive called for relief from their lender, Countrywide Financial Corp. Countrywide referred them to its own "Hope" department. Six months later,...Tags: Bank of America Corp., Mortgages, Clermont, Mergers, Acquisitions and Takeovers, Countrywide Financial Corp.
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Rendell signs off on mortgage fraud bills
Of The Morning CallGov. Ed Rendell came to the newest epicenter of the mortgage crisis in Pennsylvania on Tuesday to sign a package of bills that will make mortgage fraud tougher to get away with in the state. Rendell signed the bills at the Exeter Township library, not...Tags: Fraud, Punishment, Corporate Crime, Homes, Real Estate Buyers
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Celebrity foreclosures show extent of housing woes
AP Entertainment WriterTabloid magazines like to reassure us that celebrities are just like us -- they go grocery shopping, take their dogs for a stroll around the neighborhood, even pump their own gas. These days, that can also hold true when it comes to the plummeting real...Tags: Homes, Real Estate Buyers, Marilyn Manson, Real Estate Agents, Britney Spears
Jul 9, 2008
|Story| Baltimore Sun
Jul 9, 2008
|Story| Baltimore Sun
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Jul 9, 2008
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Jul 9, 2008
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Jul 9, 2008
|Story| Allentown Morning Call
Jul 9, 2008
|Story| Associated Press
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