Mortgage and Financial News From 2008-7-18 Page 01
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Honor Your Word, or This Banker May Call Mom - New York Times
Just a few years ago, it was easy to write off the local community bank as a relic, a quaint reminder of an age when you actually needed to visit a branch to manage your money. Thad Pecorak of Easton, brings in his dog, Choco, for treats. Who needed ...
2008-07-18 09:00:00 -
Mortgage rescue hurts financially responsible - AZCentral.com
So the Senate has passed a bill to help homeowners who are facing foreclosure because they are unable to refinance their adjustable-rate mortgages due to the lower housing prices. Sounds good, but how do you think their neighbors with good credit who ...
2008-07-18 09:14:00 -
UPDATE 1-POSCO says to sell $463 mln bonds to refinance debt - Reuters
SEOUL, July 18 (Reuters) - South Korea's POSCO (005490.KS: Quote , Profile , Research , Stock Buzz ), the world's No.4 steelmaker, said on Friday it would issue 468.8 billion won ($463.2 million) in overseas debt to refinance maturing exchangeable ...
2008-07-18 01:33:00 -
State to Pike: Don't drop dead - Boston Globe
THE PATRICK administration is seeking the power to help out the Massachusetts Turnpike Authority by co-signing for some of its debt. Unfortunately, the Legislature has no good choice but to adopt the proposal before adjourning later this month. The ...
2008-07-18 09:14:00 -
'Reality Check' reveals homeowner concerns (East Valley Tribune)
Three-fourths of homeowners taking the National Foundation for Credit Counseling’s Mortgage Reality Check are reporting that a good night’s sleep is a thing of the past.
2008-07-18 05:27:45 -
Business Week in Review (The MetroWest Daily News)
New England business news for the week of July 13, 2008.
2008-07-18 05:36:37 -
Some Homeowners, Sellers Get Break Under New Law (WAVY 10)
In most cases, debt foregiveness results in taxable income. If you owe $2,000 on a loan and the lender says "forget about it," you have to list that amount as income on your federal tax return.
2008-07-18 06:31:28 -
Wisconsin tax collection predictions hold up (Milwaukee Journal Sentinel)
Madison – Battered by high energy costs and layoff announcements, state government got one slice of good news Friday: State tax collections held up during the fiscal year that ended June 30, meeting lower projections issued five months a...
2008-07-18 08:44:00 -
Frustrated homeowners discuss loan changes with bank (Contra Costa Times)
Washington Mutual reps discuss modifying loans, mortgages
2008-07-18 09:04:46 -
Bigger Cruise Ship May Be Coming To Mobile (NBC 15 Mobile)
Mayor Sam Jones tells NBC 15 News- Mobile is preparing for a bigger cruise ship. Jones says Mobile's current cruise ship, the Holiday, could soon sail out of the port...
2008-07-18 09:17:49 -
Mortgage rates decline - Chicago Sun-Times
The average 30-year fixed-rate mortgage fell to 6.26 percent this week from 6.37 percent last week, Freddie Mac, the mortgage company, reported Thursday. It marked only the second weekly decline in the last eight weeks and left the 30-year rate at ...
2008-07-18 01:48:00 -
1. Save money (Miami Herald)
At least once or twice a year, make a point of checking your credit reports for inaccuracies. Up to 25 percent of credit reports are said to contain some false information, due to glitches or identity theft.
2008-07-18 02:04:06 -
Citigroup Shares Rise on Smaller-Than-Estimated Loss (Update2) (Bloomberg.com)
July 18 (Bloomberg) -- Citigroup Inc. posted its biggest weekly increase in New York trading after reporting a smaller- than-estimated loss on fewer mortgage-bond writedowns, lower borrowing costs and job cuts.
2008-07-18 02:05:44 -
New indicators back Bank of Canada's positive upbeat economic news (Times & Transcript)
Two new indicators released Friday appeared to wash away some of the doom and gloom about the Canadian economy that rocked equity markets earlier in the week.
2008-07-18 03:11:24 -
America's Increasingly Unaffordable Cities (Forbes)
Residents in these top 10 spots for inflation are feeling the squeeze.
2008-07-18 03:31:22