Simmons to run against Conn. Sen. Christopher Dodd
Examiner.com
Dodd is chairman of the Senate banking committee that oversees the mortgage and banking industries. He's under investigation by a Senate ethics panel for mortgages he got from Countrywide Financial Corp. when he refinanced his Washington and East ...

We Dare Not Blink: Canada's Duty to Arrest George W. Bush
Pacific Free Press, Canada
A culture of corruption in contracting for security services, war relief programs, reconstruction in war- devastated countries have unjustly enriched favored predators abroad while at home mortgage lenders, banks, insurance companies and corporate ...

US recession 'will end this year'
The Canberra Times, Australia
A government fund of 500 billion dollars is stabilising the mortgage market, and business lending is picking up, Bernanke said. "And I think as those green shoots begin to appear in different markets, and as some confidence begins to come back, ...

San Lorenzo Community Church enters 135th year in town
Tri Valley Herald, CA
... Through Organizing — a national network of faith-based community organizations that seek solutions to problems facing urban, suburban and rural communities — met with legislators to discuss affordable health care and the foreclosure crisis. ...

FACTBOX-Tortuous path of China's property policy
Forbes, NY
Oct 22 - China announces a series of policy changes: lower mortgage rates, reduced down payments, lower transaction taxes. Since mid-September -- China cuts preferential housing mortgage rate five times, in line with interest rates cuts aimed at ...

Dick Cheney Isn't Helping
New York Observer, NY
He also made sure to single out two Democrats – Chris Dodd and Barney Frank – for sabotaging Bush’s efforts “to deal with the Fannie Mae and Freddie Mac problem some years before” their troubles came to light. And when King confronted him with a slew ...

Usd strengthen at the Asian open
FXstreet.com The Foreign Exchange Market, Spain
Bernanke also said that the Fed is "effectively" printing money rather than using taxpayer funds for these initiatives aimed at mortgage markets, commercial paper, asset-backed securities and other segments of the credit system. ...

What Could Have Averted the Housing Bubble?
Conde Nast Portfolio, NY
Alternatively, says Ip, Greenspan could have taken the regulatory approach: requiring 20% downpayments or mortgage insurance for all mortgages, for instance, or requiring stricter underwriting at the originator level. But of course, these moves, ...

Who's to Blame?
MyFox Dallas, TX
Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses. Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling ...

Reverse brain drain? Filipino execs return home amid crisis
Pinoy, Philippines
He said one of the biggest challenges for Filipino immigrants wanting to work back home is finding a job that would pay for their mortgage abroad. “Most of them have accumulated debt and have mortgage to pay,” he noted. On the other hand, Zulueta said ...

Gordon Brown promises new deal for credit crunch victims
Times Online, UK
Professional people who lose their jobs in the credit crunch could be fast-tracked into teaching within six months, Gordon Brown will say today as he tries to relaunch Labour's public service reforms. Promising to recruit the brightest and best into ...

Picatinny credit union sues Fannie Mae for return of mortgages
Dailyrecord.com, NJ
The lawsuit states Michael J. McGrath, US Mortgage’s president and CEO, arranged the mortgage sales to Fannie Mae under the guise of being Picatinny Credit Union’s assistant vice president. Forte wrote that at no time was McGrath an assistant vice ...

Adequate housing as a component of the right to an adequate ...
ALAI-América Latina en Movimiento, Ecuador
The first chapter of the present report discusses the housing/mortgage and financial crisis. The second chapter relates these crises to prevalent economic, financial and housing policy approaches and their impact on the right to adequate housing. ...

Closing Market Recap: Stocks Slide, Canadian Dollar Hits 4-Year Low
ForexTV.com, NY
Market watchers are also expecting Fannie Mae to announce the sale of approximately $10 billion in three-year notes. The raft of supply was swallowed by the market because of continuing troubles in equity markets. The S&P 500 closed down another 1% and ...

Realtors notice disturbing trend
ABC12.com, MI
By Joel Feick MID-MICHIGAN (WJRT) -- (03/09/09)--If you're interested in pursuing a home that's been in foreclosure, you should be aware of a disturbing trend. Real estate agents are reporting previous owners in some cases are trashing the places. ...

Are General Electric shares a good deal?
Forbes, NY
Investors worry about possible big losses at GE Capital commercial mortgage business, though GE has said the rumors are overblown and that it expects a profit in 2009 at GE Capital. GE Chief Executive Jeffrey Immelt acknowledged in his annual ...

Obama and the economy: 'It's his problem now'
World Tribune
Then there were the housing mortgage assistance programs that lured people to Levittown, Long Island and many other suburbs. Those were halcyon days. Before World War II, movies cost 35 cents. When "Gone With The Wind" opened in 1939, MGM charged 75 ...

Fitch Rates Chicago Board of Education, Illinois' $130MM GOs 'A+ ...
Earthtimes (press release), UK
Both the tax and employment bases are diverse, and the city is the economic engine of the state. Nonetheless, like many large urban areas, Chicago has significant subprime mortgage exposure and foreclosure rates are well above the national average. ...

Negative Sentiment Drags Aussie and Kiwi to Recent Lows
CEP News, Canada
UK bank Lloyds has agreed to give over control of Britain's largest mortgage provider to the government in exchange for 260 billion pounds under the guarantee program. According to some media reports, the government could raise its stake in Lloyds to ...

Credit crunch, what credit crunch? Consultants to be paid £6m for ...
Daily Mail, UK
By Daily Mail Reporter Consultants will be paid more than £6 million to help the Government host April's G20 summit in London, it emerged tonight. Junior Foreign Office minister Gillian Merron gave details of four contracts worth an expected £6204065 ...