Mortgage and Financial News From 2008-1-11

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  • Today on the Presidential Campaign Trail - The Associated Press

    Today on the Presidential Campaign TrailThe Associated Press - 48 minutes agoClinton offers economic plan to make it easier for people to pay mortgages, energy bills ... McCain draws crowds while campaigning along SC coastline . ...
    2008-01-11 05:01:15

  • Different strokes for different folks - Mortgage Introducer

    Different strokes for different folksMortgage Introducer, UK - 46 minutes ago‘Interesting’, when applied to a property that is being proposed as security for a mortgage loan can also be loaded with another meaning that is more ...
    2008-01-11 05:03:28

  • Bank of America to buy Countrywide for $4 billion (Reuters via Yahoo! UK & Ireland News)

    Bank of America said on Friday it would buy mortgage lender Countrywide Financial for $4 billion (2.04 billion pounds) in a move that could avert one of the biggest collapses in the U.S. housing crisis.
    2008-01-11 03:21:00

  • Vanguard Group makes presence known in Valley (The Arizona Republic)

    The Vanguard Group with its large Scottsdale operation has flourished in a difficult stock-market environment. The company added 550 workers in Arizona last year while attracting $100 billion in net new-cash flow from investors.
    2008-01-11 03:21:35

  • Today On The Presidential Campaign Trail (CBS News)

    IN THE HEADLINES
    2008-01-11 04:08:41

  • US bank to buy Countrywide (Gulf Daily News)

    NEW YORK: Bank of America yesterday said it agreed to acquire battered mortgage lender Countrywide Financial in a $4 billion transaction that could help avert one of the biggest collapses from the US housing crisis.
    2008-01-11 04:28:53

  • One Family's Recession (CBS News)

    Think the word "recession" means little to the average person? Sandra Hughes met one typical family who's truly feeling the pinch of the economic slowdown.
    2008-01-11 04:30:02

  • Retried Austin exec finds a $10 million haven in Utah (Austin American-Statesman)

    PARK CITY, Utah — Tom Green skis off the Crown Point chairlift, down the Kimberly run at the top of Deer Valley and up to the door of his 8,500-square-foot vacation getaway on Bald Eagle Drive.
    2008-01-11 04:33:28

  • 298 Days to the Election: A look at the race for 2008 (Charleston Daily Mail)

    Senior Giuliani campaign staffers forgo paychecks, a sign of possible money troubles ... Clinton offers economic plan to make it easier for people to pay mortgages, energy bills ... McCain draws crowds while campaigning along S.C. coastline ...
    2008-01-11 05:27:21

  • Buying versus renting: Use logic, trust your gut (Los Angeles Times)

    Question: I am a 48-year-old divorced woman who has been renting for the last 10 years. My friends keep telling me that renting is "throwing your money away." But if I buy, my monthly housing costs probably will double. I wonder whether at my age I would not be better off putting the difference into a retirement account?
    2008-01-11 05:37:57

  • Recession a big worry but not likely: Moody's

    CNN Money - NEW YORK (CNNMoney.com) -- Despite the subprime mortgage crisis and the rising risk ... This means that not only will residential construction be falling, directly ... that, despite federal government efforts to convince lenders to freeze interest ...
    2008-01-11 02:40:00

  • Stocks get pummeled

    CNN Money - ... CNN to discuss why the U.S. dollar continues to fall amid prospects of interest rate ... point drop wasn't notable in that the Dow posted a bigger one-day decline only a ... It was the second day in a row that a credit-card issuer said that subprime mortgage ...
    2008-01-11 02:26:00

  • Sub-prime supremo lands $40m windfall

    Guardian Unlimited - The boss of Countrywide Financial will scoop nearly $40m (£20m) out of the US sub-prime mortgage lender's ... They'll transform these sub-prime loans into prime loans, which can only be done through lower interest rates." But there was irritation at ...
    2008-01-11 04:06:00

  • Countrywide rescue would be boon to regulators

    CNN Money - ... lender, while Charlotte, N.C.-based Bank of America ranked fifth, according to Inside Mortgage Finance. A Bank of America-led buyout is "the one and only ... of America could easily lower the total amount of money held in deposits by lowering interest ...
    2008-01-11 02:26:00

  • News Minute: Stocks plunge...Search for missing Marine...Driver's ...

    WDAM-TV - They've identified a "center of interest" in the backyard of a comrade of Lance Corporal Maria Lauterbach who had been accused of rape. The sheriff says they have no plans to look anywhere else. The search has been suspended for the night. KUWAIT CITY ...
    2008-01-11 01:14:00

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