News

South Florida broker pens foreclosure guide - Sun-Sentinel.com

Thu, 01/15/2009 - 08:39

South Florida broker pens foreclosure guide
Sun-Sentinel.com, FL - 2 minutes ago
What to Expect When You Are Expecting Foreclosure tells readers how to qualify for a loan modification and what to do if they fall behind on their mortgage ...

Clapham's Answer to Jilly Cooper releases debut novel - Wimbledon Guardian

Thu, 01/15/2009 - 08:38

Clapham's Answer to Jilly Cooper releases debut novel
Wimbledon Guardian, UK - 3 minutes ago
Perfect to forget the credit crunch and with a cast of characters who will constantly surprise, Heiresses is a great winter under the duvet read.

Wirral school in league table's top 50 - Wirral Globe

Thu, 01/15/2009 - 08:38

Wirral school in league table's top 50
Wirral Globe, UK - 3 minutes ago
"I just think success like this is such a good news story, particularly when all we read these days is the credit crunch." The Secondary school league ...

US Stocks Retreat on Concern Banks Need More Government Aid - Bloomberg

Thu, 01/15/2009 - 08:37

US Stocks Retreat on Concern Banks Need More Government Aid
Bloomberg - 4 minutes ago
US foreclosure filings jumped 81 percent last year to more than 2.3 million as falling house prices, tighter mortgage lending and the longest recession in a ...

Freddie, Fannie Force Borrowers to Waive Legal Rights - The Washington Independent

Thu, 01/15/2009 - 08:37

Freddie, Fannie Force Borrowers to Waive Legal Rights
The Washington Independent, DC - 4 minutes ago
The waiver is part of the borrower requirements that must be signed for the loan modification. Fannie Mae’s sample version is available on one of its ...

Fresnans make 'Makeover' possible - Fresno Bee

Thu, 01/15/2009 - 08:35

Fresnans make 'Makeover' possible
Fresno Bee, CA - 6 minutes ago
More than $100000 has been raised to help the Riojas family pay off their existing mortgage, and about 10 bins of canned food collected from people arriving ...

Tourism row breaks out - The Oxford Times

Thu, 01/15/2009 - 08:35

Tourism row breaks out
The Oxford Times, UK - 6 minutes ago
... more are set to visit the UK thanks to the strong Euro, while the number of people holidaying in at home is also set to rise due to the credit crunch. ...

Telecommunications giant Nortel files for bankruptcy - Sun-Sentinel.com

Thu, 01/15/2009 - 08:34

Telecommunications giant Nortel files for bankruptcy
Sun-Sentinel.com, FL - 7 minutes ago
However, the move will help the company save cash amid a credit crunch. Nortel said it employs 32000 people worldwide and does business in 150 countries.

Cramer: Housing Needs a Tax Credit - TheStreet.com

Thu, 01/15/2009 - 08:34

Cramer: Housing Needs a Tax Credit
TheStreet.com - 7 minutes ago
Probably more than 50% of the homes bought in the 2005-2007 period are worth less the mortgage. That means 8 million people should walk away from their ...

JP Morgan Profit Falls More than 75 Percent - Housing Wire

Thu, 01/15/2009 - 08:32

JP Morgan Profit Falls More than 75 Percent
Housing Wire - 9 minutes ago
Benefits from hedging its mortgage servicing business, as well as gains from the WaMu acquisition, helped keep the company’s retail financial services ...

AM Best Revises Outlook to Negative for The Phoenix Companies, Inc ... - istockAnalyst.com (press release)

Thu, 01/15/2009 - 08:08

AM Best Revises Outlook to Negative for The Phoenix Companies, Inc ...
istockAnalyst.com (press release), OR - 3 minutes ago
AM Best also notes that Phoenix maintains higher than industry average exposure to commercial mortgage-backed securities, Alt-A residential mortgage-backed ...

Ice Bar denies business is cooling - Herald.ie

Thu, 01/15/2009 - 08:07

Ice Bar denies business is cooling
Herald.ie, Ireland - 4 minutes ago
... the evenings from Monday through until Thursday. Meanwhile, Ranelagh's Michelin-star restaurant Mint is also said to be suffering due to the credit crunch.

NZ Dollar Falls to 7-Year Low Per Yen; Australian Bonds Gain - FreshPlaza

Thu, 01/15/2009 - 08:07

NZ Dollar Falls to 7-Year Low Per Yen; Australian Bonds Gain
FreshPlaza, Netherlands - 4 minutes ago
The gauge, a measure of cash scarcity, averaged 11 basis points in the five years before the credit crunch started in August 2007. ...

Va. gov urges resolve in grim economic assessment - MSN Money

Thu, 01/15/2009 - 08:07

Va. gov urges resolve in grim economic assessment
MSN Money - 4 minutes ago
He noted money in his budget to counsel homeowners in danger of foreclosure on how to remain in their homes. He noted an additional $1 million to the ...

UN downgrades forecast for 2009, predicts zero world growth - Minneapolis Star Tribune

Thu, 01/15/2009 - 08:06

UN downgrades forecast for 2009, predicts zero world growth
Minneapolis Star Tribune, MN - 5 minutes ago
"What we see is the unwinding of a number of speculative waves," Flassbeck said, noting that the US subprime mortgage crisis wasn't the only reason for the ...

House prices still dropping - Stuff.co.nz

Thu, 01/15/2009 - 08:06

House prices still dropping
Stuff.co.nz, New Zealand - 5 minutes ago
Deutsche Bank economist Darren Gibbs said mortgage rates would likely move to the lowest levels since the 1960s. But the bank predicted more "distressed ...

Banks step up lending batttles - Stuff.co.nz

Thu, 01/15/2009 - 08:06

Banks step up lending batttles
Stuff.co.nz, New Zealand - 5 minutes ago
By ROELAND van den BERGH - The Dominion Post | Friday, 16 January 2009 The mortgage price war is heating up, with Kiwibank slashing its floating rate to a ...

European grocery prices to fall this year - FreshPlaza

Thu, 01/15/2009 - 08:06

European grocery prices to fall this year
FreshPlaza, Netherlands - 5 minutes ago
But the plunge in the price of oil and better harvests last year have depressed price inflation, while the impact of the credit crunch and increased shopper ...

RealtyTrac: Ohio foreclosures soared 26% in ‘08 - Bizjournals.com

Thu, 01/15/2009 - 08:06

RealtyTrac: Ohio foreclosures soared 26% in ‘08
Bizjournals.com, NC - 5 minutes ago
Ohio finished the year with home foreclosure filings up more than a quarter from a difficult 2007, according to a report Thursday. ...

Business tax breaks make House stimulus bill - Bizjournals.com

Thu, 01/15/2009 - 08:05

Business tax breaks make House stimulus bill
Bizjournals.com, NC - 6 minutes ago
... government through the Troubled Asset Relief Program would be ineligible for this expanded tax break, however, as would Fannie Mae and Freddie Mac. ...