Loan and Mortgages News
How to solve the credit crisis with no bailoutSan Francisco Chronicle, USA -2 hours agoThe root cause of the crisis, simply put, is homeowners' mortgage delinquencies and foreclosures. When the mortgages backing securities suffer, …
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Defaults unveil fraud issues in mortgagesArizona Republic, AZ -2 hours agoIt's becoming clearer that mortgage fraud is behind many of the bad loans causing the nation's financial crisis. On the heels of the announced bailout plan, …
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CEP News
With banks in miser mode, credit markets stay tautThe Associated Press -5 hours agoIn recent decades, large companies have borrowed money by selling short-term and long-term bonds in the credit markets. This means they take a loan from an …Lenders warn credit is getting ever tighterPhiladelphia InquirerBailout: The Short, Medium and Long of ItKCI [...]
BBC News
Mutual Distrust Freezes Lending Among BanksWashington Post, United States -2 hours agoLibor, or the London interbank offered rate, is the rate that banks worldwide charge each other for short-term loans. Yesterday, the annualized rate for …Q&A: What is Libor, and how does it affect you?Seattle TimesA Libor Of FearForbesThe Low-Down on Libor: Why its Surge [...]
The Trickle-Up BailoutWashington Post, United States -4 hours agoThere is an easier and more politically palatable fix: Pay off all the delinquent mortgages. The financial crisis is a liquidity crisis, yes, …Credit due would-be economic saviorsBoston HeraldA Bill Encouraging to Distressed Homeowners, but Its Reach Is UnclearNew York TimesNext rescue step – moratorium on home mortgage foreclosures?BloggingStocksall [...]
Bush Approves Loans for Auto MakersWall Street Journal -1 hour agoBy MATTHEW DOLAN President Bush on Tuesday signed into law a low-interest loan package to aid US auto makers, but those struggling companies will still have …Bush approves $25B auto loan programDetNews.comNader statement on automaker bailoutThird Party Watch (press release)all 3 news articles
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Sky News
B&B fallout will hit mortgages and take prices down further in UK …Property Wire, UK -15 hours agoThe most competitive deals are being pulled and the cost of mortgages will be increased. Until now B&B was offering the best buy-to-let mortgage deals. …Buy-to-let mortgages not worse, says CMLProperty NewsBradford & Bingley: Taxpayer picks up the burden [...]
As Congress debates, what else can government do?CNNMoney.com -3 hours agoThe central bank could also cut the short-term interest rate it controls, which could lower rates for home buyers, car buyers and other borrowers. …Bailout: The Short, Medium and Long of ItKCI InvestingBailed Out or Outfoxed? (Robert Zevin)Dollars & SenseCongress Passes Hot Potato Back to BernankeWall [...]
Wall Street Journal
18 Tough Questions (and Answers) About the BailoutTIME -7 hours agoIf more currently outstanding mortgages default, won't the problem just keep going on and on? Yes, that's a big part of the concern at Treasury and the Fed. …Paulson Proposes National Lottery to Dump Bad Mortgages!The Spoof (satire)The week that democracy wonISNStormy seas: Bailout [...]
Thanh Nien Daily
Libor Rises Most on Record After US Congress Rejects BailoutBloomberg -5 hours agoThe London interbank offered rate, or Libor, that banks charge each other for such loans climbed 431 basis points to an all-time high of 6.88 percent today, …US bail-out: What will happen if the deal is not implementedTelegraph.co.ukContinuing credit crisis could cripple [...]
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