JPMorgan dumps tradition
Pensions & Investments, IL - Joel Chernoff
By assuming that “fat-tail” events — such as the 1998 Russian debt default crisis, the bursting of the tech-stock bubble in 2000 and the current subprime mortgage disaster — happen more frequently than expected, using standard deviation as a measure of ...

Alisa Diez: Senators against common folks
Online Athens, GA - Alisa Diez
The average Georgian, whose expertise in mortgages and real estate doesn't begin to compare to that of the bankers, made a mistake when he entered into his mortgage contract. For his mistake, the average Georgian gets thrown out on the street with his ...

Ownership pride retains benefits
Gloucester County Times - NJ.com, NJ
Much of the mortgage crisis and the economic downturn it triggered have been blamed on government policies that too aggressively pushed home ownership over renting, and credit practices that allowed homebuyers to take on more debt than their incomes ...

New administration, same budget tricks
Knoxville News Sentinel, TN
The president proposed covering part of the cost by imposing a 28 percent cap on the value of tax deductions, including write-offs for charitable donations and home mortgage interest, for families earning more than $250000 a year. ...

More from CAG's 2007/08 report: Govt auditor queries $7m loan to ...
ThisDay, United Republic of Tanzania
According to the CAG's report, the title deed for the Mbeya-based company - along with the mortgage deed for the property - were not availed to government auditors for verification. It is stated that NSSF issued the unsecured investment loan to the ...

Fit Fins in the swim of things in Chino Hills
Inland Valley Daily Bulletin, CA - Matt Wrye
Kevin, who also owns All Star Realty and Mortgage Inc., got a taste of the economy's downturn when the Inland Empire's housing boom went bust. But he's got a feeling Fit Fins might be recession-proof, he said. "I'm going to keep chugging along," Kevin ...

Renegotiated loans will ease fallout, one broker says
Palm Beach Post,  United States - Jeff Ostrowski
Many observers predict the foreclosure action against the historic Comeau Building will prove just the start of a wave of defaults by commercial landlords in Palm Beach County. While most tales of mortgage foreclosures have centered on homeowners and ...

Growth in credit slows rapidly
Business Report, South Africa - Ethel Hazelhurst
Jacques du Toit, a senior property analyst at Absa, said mortgage loans rose 11.3 percent year on year, which is sharply down from growth of 23.2 percent in March last year and the lowest since March 2003. Growth in residential mortgages fell to 7.9 ...

Story posted to Web: Sunday, May 3, 2009 04:45PM
The Register-Guard, OR - John Tyler
Chris Dodd pushed Fannie Mae and Freddy Mac into making loans to unqualified borrowers who should never have been given loans. They are both crooks and should be kicked out of public office. President Obama wants to turn this country into a socialist ...

TREASURIES-Prices mixed at midday; supply ahead
Alibaba News Channel, NEW YORK
The Fed is especially interested in keeping 10-year interest rates low because they influence mortgage rates which, if they stay low enough, could help foster a housing recovery. Stone & McCarthy Associates analyst John Canavan said technical levels of ...

Mayfair Mall owner files for bankruptcy
Milwaukee Small Business Times, WI
The company intends to pursue a plan of reorganization that extends mortgage maturities and reduces its corporate debt and overall leverage. This will establish a sustainable, long-term capital structure for the company." General Growth also announced ...

Kalamazoo-area home sales off again in March
Kalamazoo Gazette - MLive.com, MI
Real estate officials attribute the price decline to the flood of foreclosure homes hitting the market, which are often sold at deep discounts. "Though average residential sale prices have dropped significantly since March of 2008, local Realtors ...

'We're close to bottom' of recession, Corzine says
NJBIZ, NJ
He said new-car sales numbers are stronger, used-car sales are up, mortgage modification programs are kicking in and the federal stimulus money is leading to road, bridge and energy-related infrastructure projects “that will create a lot of jobs this ...

ESPN Will Air Music City Bowl From
SportsBusiness Daily (subscription), NC
Meanwhile, Organ notes the '09 Music City Bowl will be the "final game in which Gaylord Hotels is the title sponsor," as Franklin American Mortgage "will become the lead sponsor for the bowl game" in '10 (Nashville TENNESSEAN, 4/16). ...

Experts: Some Foreclosed Homes So Badly Damaged They Can't Be Sold
KYTX, TX
"About a third of all of the foreclosed properties nationwide have been so damaged, either by the previous owners or by criminal gangs coming in after the foreclosure, that they no longer qualify for standard mortgage financing," Thomas Popik told CNN. ...

Jobless claims top 6 million; housing starts plummet
Pittsburgh Post Gazette, PA
By Christopher S. Rugaber, AP WASHINGTON -- The number of people receiving jobless benefits exceeded 6 million for the first time, the government reported today, and housing construction unexpectedly plunged to its second-lowest level on record ...

Home Capital Group Inc. to announce first quarter results
Trading Markets (press release), CA
Home Trust is a federally regulated trust company offering deposit, mortgage lending, retail credit and payment card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia and ...

Local brokers need to expand to compete: Woori CEO
중앙데일리, South Korea
After that, we will be able to explore new niches in overseas markets while global investment banks are still painfully trying to solve the credit crunch. What are your targets for the company's investment banking operations? ...

Fed's Lockhart: US Economy Remains Very Weak, Uncertain
EasyBourse.com, France
By Michael S. Derby Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The US economy could be on the mend by the summer, a top Federal Reserve official said Thursday. "The economy is still very weak, but there are some encouraging signs that support ...

US midday: Stocks move ahead
ShareCast, UK
In other economic news, foreclosure filings jumped 24% in March to 803489 compared to a year ago. Housing starts dropped to a seasonally adjusted rate of 510000 in March from 572000 in February, revised down from 583000. Building permits fell to a ...