Mortgage and Financial News From 2008-1-11 Page 15

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• Tax Tips for Homeowners (WRBL Columbus)

  The IRS is offering 2007 tax tips for mortgage debt relief. As the beginning of tax season approach, IRS Spokesman Mark Green offers two new important tax tips for homeowners.
  2008-01-11 02:18:45

• Mortgage aid legislation stalls (Milwaukee Journal Sentinel)

  Washington - With home prices falling and foreclosures rising last year, Congress held dozens of hearings into the...
  2008-01-11 03:14:26

• Money matters should be in order before searching (Milwaukee Journal Sentinel)

  The 2008 residential real estate market has yet to get into full swing, but it's not too early for aspiring buyers to get their financing strategies in order.
  2008-01-11 03:14:36

• Bank earnings to show mortgage woes are spreading to other loans (Market Watch)

  And now for the next wave of bank blues. Bank earnings reports this coming week are expected to show widening impact as more types of loans go bad.
  2008-01-11 04:21:40

• The Challenges We Face (The Nation via Yahoo! News)

  The Nation -- The economic grenades are going off.
  2008-01-11 05:24:29

• U.S. Sen. Boxer, in Riverside, calls for urgent action to stop foreclosures (The Press-Enterprise)

  Urgent action to stem the rising tide of foreclosures was demanded by U.S. Sen. Barbara Boxer at a round-table discussion of government officials, lenders and federal and local housing officials held Friday at Riverside City Hall.
  2008-01-11 05:37:33

• Eroding home appraisals latest blow to buyers, sellers (Minneapolis-St. Paul Star Tribune)

  While equity evaporates, new values keep some out of the market.
  2008-01-11 06:42:13

• New law gives homeowners tax breaks (Seattle Post-Intelligencer)

  Homeowners found three attractive tax breaks among their holiday presents, thanks to the federal Mortgage Forgiveness Debt Relief Act of 2007, which was enacted in December.
  2008-01-11 06:48:46

• Treasurys Rally; Stocks Take a Beating

  Forbes - Inc. may have to write down an additional $15 billion in bad mortgage debt. The stock and bond markets often trade in opposite ... bond market, Moody's Investors Service Thursday warned that the U.S. is in danger of losing its stellar "AAA" credit ...
  2008-01-11 03:30:00

• Citi may get investments from Saudi Prince, China Development Bank ...

  Minneapolis Star Tribune - The cash-strapped Citigroup, hurt by the mortgage crisis that boiled up last year, has already gotten $7.5 billion from the ... Wall Street slammed by bad credit fears New CFO at Caribou as stock trades near its 52-week low Delta to consider merger plans ...
  2008-01-11 03:45:00

• Stocks Drop Sharply Amid Subprime Woes

  New York Times - ... 15 billion write-down on soured mortgage-backed securities, far more than analysts expected. Meanwhile, American Express , the credit card company, said it would take a $275 million after-tax charge as it sets aside more money to cover bad loans. ...
  2008-01-11 03:16:00

• CREDIT WRAPUP 3-Bank, credit troubles spook investors

  Forbes - CREDIT WRAPUP 3-Bank, credit troubles spook investors 01.11.08, 3:46 PM ET (Recasts, changes byline, changes dateline ... of further losses at Merrill Lynch (nyse: MER - news - people ) and other banks weighed down by bad mortgage ...
  2008-01-11 12:46:00

• Stocks Tumble on Credit Fears

  BusinessWeek - Merrill Lynch is expected to report $15 billion in losses related to bad mortgage investments in the fourth quarter, the New ... in the World. Free Stock Trading Advice Stock Gurus Reveal our Secret Trading Picks in this Free Report. What's Your Credit ...
  2008-01-11 11:56:00

• World stocks slide as credit concerns climb

  International Herald Tribune - Mounting credit card defaults at companies such as American Express Co raised fears of slowing consumer spending in the ... U.S. government bond prices rallied on Friday on renewed concerns about banks' exposure to bad mortgage investments and falling ...
  2008-01-11 11:56:00

• UPDATE 2-Cleveland sues 21 banks over mortgage foreclosures

  Forbes - UPDATE 2-Cleveland sues 21 banks over mortgage foreclosures 01.11.08, 3:39 PM ET ... Credit Suisse, Deutsche Bank (nyse: DB - news - people ) Trust Co ... in damages under the Federal Fair Housing Act for targeting minorities with bad ...
  2008-01-11 12:46:00

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