Mortgage and Financial News From 2008-8-10 Page 8
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ResCap suing brokers who originated bad mortgage loans - Minneapolis Star Tribune
A division of ResCap, the embattled mortgage-finance arm of GMAC Financial Services, is fighting back in the home-lending credit crisis. The Bloomington-based investor has filed more than a dozen federal lawsuits in Minnesota against mortgage ...
2008-08-08 05:58:00 -
Getting a mortgage during the credit crunch - News.com.au
Banks are taking a closer look at finances before lending You need to sow a savings history and that debts are under control Calculator : Work out your borrowing power DITCHING the credit cards, paying your bills on time and shopping around for ...
2008-08-10 07:18:00 -
Paulson says won't stay at Treasury past January (Reuters via Yahoo! Singapore News)
(Adds details on Fannie Mae, Freddie Mac, economy)
2008-08-10 07:18:10 -
Paulson says won't stay at Treasury past January (Interactive Investor)
Sun 10 Aug, 2008 15:08
2008-08-10 08:21:50 -
Frugality steals into richest US households - Financial Times
The mood of frugality that has led US consumers to seek out discount retailers such as Wal-Mart and Costco has increasingly spread to the affluent and wealthy, according to a survey of attitudes in some of America’s richest households. The research ...
2008-08-10 10:03:00 -
SunTrust Mortgage, Inc. - Star-Banner
SunTrust Mortgage, Inc. is a subsidiary of SunTrust Banks, Inc. and specializes in home mortgage financing. Its extensive suite of products and services includes construction to permanent financing, first time homebuyer programs, vacation/second home ...
2008-08-10 05:31:00 -
Fannie Mae posts huge loss - News.com.au
STRUGGLING mortgage finance giant Fannie Mae has unveiled a steeper-than-expected quarterly loss and announced dramatic measures to weather the worst US housing slump in decades. Fannie Mae reported a net loss of $US2.3 billion ($2.6 billion) in the ...
2008-08-10 01:20:00 -
GB women look to end pool drought - Daily Telegraph
The pair - along with fastest qualifier Federica Pellegrini and world record holder Katie Hoff - swam under the 20-year-old Olympic record of American great Janet Evans to set up what promises to be a thrilling final at the Water Cube venue. Jackson ...
2008-08-10 09:49:00 -
AP Business NewsBrief at 11:51 a.m. EDT - CNBC
Iraq to revive oil deal with China news://newsclip.ap.org/D92FF4UO0@news.ap.org BAGHDAD (AP) — Iraq and China are set to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion, the Iraq's oil ministry said Sunday. An ...
2008-08-10 08:44:00 -
U.S. mortgage giants still at risk (International Herald Tribune)
Despite a bailout plan that has been readied by the U.S. Treasury, many analysts are concerned that Fannie Mae and Freddie Mac are overextended and unable to buy enough home loans to prop up the U.S. housing market.
2008-08-10 08:13:14 -
Paulson says won't stay at Treasury past January (Interactive Investor)
Sun 10 Aug, 2008 15:08
2008-08-10 08:21:50 -
Paulson Says No Plans to Add Cash to Fannie, Freddie (Update2) (Bloomberg.com)
Aug. 10 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said there are no plans to use his new authority to inject capital into mortgage companies Fannie Ma e and Freddie Mac , which both posted worse-than-expected earnings last week.
2008-08-10 08:27:55 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Paulson says won't stay at Treasury past January WASHINGTON - U.S. Treasury Secretary Henry Paulson said in an interview aired on Sunday he had no interest in staying in his post beyond January when a new administration takes office. "I look forward to doing other things next year," Paulson said on NBC television's "Meet the Press" program. The interview was taped on Saturday ...
2008-08-10 09:12:02 -
Paulson agrees with Bush's Wall Street 'hangover' quip (The Globe and Mail)
Treasury Secretary says he's taking a wait-and-see approach on possible second round of economic aid
2008-08-10 09:54:38 -
Swiss Life chairman to join UBS board: reports (EARTHtimes.org)
ZURICH (Reuters) - UBS is to elect Swiss Life Chairman Bruno Gehrig to the board of directors of the Swiss bank, Swiss media reported on Sunday.
2008-08-10 10:22:03
