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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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1094 items on Financial and Business Services
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Jitters cause rise in mortgage rates
Associated PressMortgage rates shot up this week, with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in financial markets about the troubles at corporate giants Fannie Mae and Freddie Mac. Freddie Mac reported yesterday that its...Tags: Freddie Mac, Fannie Mae, Mortgages
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Palm Beach County home prices, sales fall again
South Florida Sun-SentinelPrice cuts still ruled in June as South Florida's housing slump trudged into its 30th month. Palm Beach County's median price for existing homes was $334,300, off 12 percent from $377,900 a year ago, the Florida Association of Realtors said Thursday....Tags: Sales, Mortgages, Foreclosures, Money and Monetary Policy, Fort Lauderdale
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Fund manager sees $1 trillion in write-downs
From Chicago Tribune news servicesFalling U.S. home prices will force financial firms to write down $1 trillion from their balance sheets, crimping bank lending and sparking sales of assets, said closely watched investor Bill Gross, who manages the world's biggest bond fund, PIMCO Total...Tags: House, Citigroup Incorporated, Parliament, Fannie Mae, Merrill Lynch & Company Inc.
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Job, Housing News Worsens
Associated PressTwo cornerstones of the economy — jobs and housing — sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing...Tags: Ford Motor Co., Elections, George Bush, Sales, Fannie Mae
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Dodd Plans To Disclose Loan Details After Bill Passage
Washington Bureau ChiefSen. Chris Dodd said he intends to release more information on his home loans from Countrywide — the giant mortgage company now owned by Bank of America — as soon as he gets his foreclosure rescue bill passed in the Senate this week and signed...Tags: Upper House, Bank of America Corp., Haddam, George Bush, East Haddam
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Broward home prices fall 20 percent in June
South Florida Sun-SentinelPrice cuts still ruled in June as South Florida's housing slump trudged into its 30th month. Broward County's median price for existing homes was $305,400, off 20 percent from $382,000 a year ago, the Florida Association of Realtors said Thursday....Tags: Condos, Sales, Mortgages, Money and Monetary Policy, Foreclosures
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Home Sales Tumble 2.6%
The Associated PressSales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. The National Association of Realtors reported that sales dropped by 2.6 percent last month to a...Tags: House, George Bush, State Budgets, Sales, Fannie Mae
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House passes housing crisis bill
The Swampby Jesse A. Hamilton and updated The U.S. House of Representatives has overwhelmingly passed the long-awaited housing rescue bill -- sending it now for a last Senate approval before President Bush can sign it into law. The vote, at about......Tags: House, George Bush, Parliament, National Government, Fannie Mae
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Housing help
Sweeping legislation that offers help for every group battered by the mortgage foreclosure crisis will be voted on in coming days. The bill also includes something for almost everyone to hate. But Congress and President Bush should act quickly to make...Tags: George Bush, Regulatory Policy and Organizations, Foreign Aid, National Government, Bankruptcy
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Housing rescue bill OK'd
The House approved a sweeping plan yesterday that responds to the most serious housing crisis since the Depression by providing a federal backstop for struggling mortgage giants Fannie Mae and Freddie Mac and aid to homeowners facing foreclosure.
In a...Tags: House, David Dreier, Richard E Neal, Parliament, Roscoe G Bartlett
Jul 25, 2008
|Story| Baltimore Sun
Jul 25, 2008
|Story| South Florida Sun-Sentinel
Jul 25, 2008
|Story| Chicago Tribune
Jul 25, 2008
|Story| Associated Press
Jul 25, 2008
|Story| Hartford Courant
Jul 25, 2008
|Story| South Florida Sun-Sentinel
Jul 24, 2008
|Story| Associated Press
Jul 24, 2008
|Blog| Chicago Tribune
Jul 24, 2008
|Story| Baltimore Sun
Jul 24, 2008
|Story| Baltimore Sun
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