Mortgage and Financial News From 2008-5-28 Page 3
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No comments (LA Weekly)
THE THINNEST CALIFORNIA BALLOT in memory offers just one issue for statewide voters to think about on June 3: the bitter controversy over government use of eminent domain to buy and bulldoze supposedly blighted properties on behalf of wealthy development firms to erect luxury housing, malls and other less-than-pressing private schemes.
2008-05-28 07:39:49 -
Libor is set for overhaul as its credibility is challenged (St. Louis Post-Dispatch)
LONDON — The benchmark interest rate for at least $347 trillion of derivatives and 6 million U.S. mortgages is set for its biggest shakeup in a decade on concern that banks misquoted their true borrowing costs.
2008-05-28 07:56:38 -
Government Aid for First-Time Home Buyers - Smart Money
GOVERNMENT-BACKED ASSISTANCE for first-time home buyers is back in vogue. During the real estate boom, many first-time home buyers ignored government mortgage assistance, favoring instead the subprime, Alt-A and piggyback mortgages offered by private ...
2008-05-28 02:15:00 -
Cleaver meeting to focus on foreclosures - Kansas City Star
Congressman Emanuel Cleaver II, will hold a public meeting about mortgage solutions tonight. The meeting will run from 5 to 8 p.m. at the Palmer Senior Center, 218 N. Pleasant St. in Independence. Cleaver will discuss what Congress is doing for ...
2008-05-28 02:44:00 -
Hot button issues critical in presidential race (KSLA-TV Shreveport)
SHREVEPORT, LA (KSLA) - Emotions are already running high this year about the upcoming presidential contest. The question is: How will you vote and 'why?'
2008-05-28 04:54:27 -
Buyers approach GE over Wizard (Stuff)
Potential buyers for Wizard Home Loans have approached GE Money, but the lender's founder and chairman, Mark Bouris, insists he is not one of them.
2008-05-28 04:59:33 -
Uncle Sam provides shelter in student loan storm (Newsday)
With more than 60 lenders leaving the federal student loan market, and private lenders tightening lending criteria or walking away from the business altogether, parents and students are facing what one expert called a "credit crunch and college financing storm."
2008-05-28 05:07:21 -
Let the (prison) sunshine in (Salon.com)
At California's green bleeding edge: Solar powered penitentiaries
2008-05-28 05:09:03 -
Countrywide exec is out as BofA installs one of its own to run its ... - Minneapolis Star Tribune
CHARLOTTE, N.C. - Bank of America says one of its own executives will run its consumer real-estate business after it acquires mortgage lender Countrywide Financial.
2008-05-28 12:57:00 -
Countrywide's Sambol won't join Bank of America - Forbes
NEW YORK/BANGALORE, (Reuters) - Bank of America Corp (nyse: BAC - news - people ) said Countrywide Financial Corp (nyse: CFC - news - people ) President David Sambol will retire rather than take over the combined companies' mortgage operations ...
2008-05-28 03:20:00 -
Bank of America Announces New Consumer Banking Structure to Drive Growth (PR Newswire via Yahoo! Finance)
Bank of America today announced that it is creating a new consumer banking management structure to enable the company to more effectively tap the growth potential in key product segments.
2008-05-28 09:00:00 -
Biz Buzz: Microsoft's New Technology and Other Business News (US News & World Report)
Today’s business headlines.
2008-05-28 09:08:42 -
Genworth steps up mortgage workouts to ease claims (Reuters via Yahoo! Philippines News)
NEW YORK, May 28 - U.S. life and mortgage insurer Genworth Financial Inc on Wednesday said it and loan servicing companies increased "workouts" for troubled borrowers by 30 percent last quarter versus a year ago in an effort to reduce the number of claims.
2008-05-28 11:48:41 -
U.S. Stocks Rise, Led by Commodities Producers as Oil Climbs (Bloomberg.com)
May 28 (Bloomberg) -- U.S. stocks rose for a second day as a rebound in oil prices spurred a late-day rally in energy shares and industrial companies climbed on better-than-forecast durable goods orders.
2008-05-28 01:58:41 -
BofA picks insider to run mortgage business (Seattle Times)
Bank of America says one of its own executives will run its consumer real-estate business after it acquires mortgage lender Countrywide Financial.
2008-05-28 02:17:34