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Yesterday: 2008-08-27

The latest mortgage articles are presented below, with older discoveries located in the mortgage news archive.

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  • Calling Hank Paulson - Wall Street Journal

    The good news about the year-old credit crunch is that we are finally getting to the main event, which is the condition of the banking system. The bad news is that federal regulators are still trailing events, and prolonging financial trouble and ...
    2008-08-27 08:06:00

  • Top Scoops (Scoop.co.nz)

    If he's the answer, then the question must be ridiculous. - NY Governor David Paterson on John McCain
    2008-08-27 11:03:37

  • Bankruptcy filings up elsewhere, but steady in Houston (Houston Chronicle)

    In the U.S. Courts for the Southern District of Texas, the federal division that includes Houston, Galveston, Laredo and the Rio Grande Valley, the case filings haven't changed significantly.
    2008-08-27 11:04:36

  • Study: Subprime mortgages hit Lorain hardest (The Elyria Chronicle-Telegram)

    A study done by a Cleveland-based fair housing group has found that blacks in Lorain County obtained costly subprime housing loans more than twice as often as whites and were denied mortgage loans far more often than whites or Hispanics. The study also found that the greatest concentration of expensive subprime lending (42.6 percent [...]
    2008-08-27 11:10:51

  • S&P hints at more bank woes (Journal Inquirer)

    The problems facing banks and other financial institutions continue to overshadow any positives, Standard & Poor’s analysts say in a new report on the sector.
    2008-08-27 11:33:27

  • Fannie Shuffles Its Top Leaders (Washington Post)

    Struggling mortgage giant Fannie Mae shook up its senior management yesterday, announcing the departure of its chief financial officer and two other top executives.
    2008-08-27 11:36:36

  • Stocks rise after durable-goods report - Los Angeles Times

    Stocks rose sharply Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods, suggesting the economy could be stronger than some investors thought. The rally took place despite a continued ...
    2008-08-27 09:17:00

  • The Vacation-Home Dilemma - BusinessWeek

    It seemed like a great idea 20 years ago. You'd buy that condo in Florida, vacation there as often as possible, then someday sell your primary residence and spend your golden years basking in the sun. Now, someday is here and, lo and behold, you've ...
    2008-08-27 09:10:00

  • Euro Rises for Second Day on Speculation ECB Won't Lower Rates - Bloomberg

    Aug. 28 (Bloomberg) -- The euro rose against the dollar for a second day on speculation the region's interest-rate advantage over the U.S. will draw investors after a European Central Bank official signaled a cut in borrowing costs is unlikely. The ...
    2008-08-27 09:46:00

  • Investors' rights problematic for Mortgages Ltd. - AZCentral.com

    Bankrupt commercial lender Mortgages Ltd. announced last week that it had hashed out settlements with several real-estate developers. But working through the minutiae of the deals is proving more difficult than some developers, investors and ...
    2008-08-27 09:17:00

  • More rate hikes for this year ‘unlikely’   - Business Day South Africa

    INFLATION is still set to scale new peaks over the next couple of months, but the benign long-term outlook means that further interest rate hikes are unlikely this year. News yesterday that the yearly rise in CPIX surged to 13% last month from 11,6 ...
    2008-08-27 09:46:00

  • Op-Ed: Our Assets Are Your Debts - MSN MoneyCentral

    Federal National Mortgage Association ( FNM ) Stock Quote , Chart , News , Add to Watchlist Editor's note: Jim Boswell , a former Director at PriceWaterhouse Coopers, supervised the team of analysts managing Ginnie Mae's MBS portfolio risk for more ...
    2008-08-26 01:19:00

  • National And International Report / Jury awards $100M to Mattel in Bratz copyright lawsuit (Pioneer Press)

    Mattel Inc., the world's biggest toymaker, on Tuesday was awarded $100 million in copyright-infringement and contract damages for its claims that MGA Entertainment Inc.'s Bratz dolls are based on the work of a former Mattel designer.
    2008-08-27 08:40:28

  • News flashes - August 28, 2008 (The Star)

    The Democratic Alliance Youth yesterday launched a campaign calling for the scrapping of the Gauteng Youth Commission. "We believe the Gauteng Youth Commission is a way of using a great deal of money to achieve almost nothing.
    2008-08-27 09:08:12

  • Spain May Suffer From ECB Lending Curbs as Expansion Falters (Bloomberg.com)

    Aug. 28 (Bloomberg) -- Spain's economy, brought to the brink of a recession by surging global credit costs, may find money even harder to come by when the European Central Bank tightens its lending practices.
    2008-08-27 09:57:52

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