Mortgage and Financial News From 2008-4-1 Page 5
Previous Day: 2008-03-31
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White House plan offers little foreclosure relief (MSNBC)
The changes proposed by the White House Monday add to an ongoing debate about what is needed to clean up the mess created by Wall Street’s failure to manage its own investments.
2008-03-31 12:28:50 -
KKR Financial Announces Resolution of Mortgage-Backed Commercial Paper Refinancing Issue and Agreement to Sell REIT ... (PR Newswire via Yahoo! Finance)
KKR Financial Holdings LLC announced today that it has entered into an agreement with the holders of the secured liquidity notes, also known as commercial paper, issued by the two asset- backed conduits sponsored by KKR Financial Corp. .
2008-03-31 01:41:00 -
NJ Mortgage Company Seminars Bring Together Experts for Stress-Free Education in Home Buying (PRWeb)
NJ mortgage company helps first-time home buyers and experienced home owners improve their financial situation with competitive rates, fast approvals and closings, adjustable rate loans, reverse mortgages, and many other flexible loan products to meet buyers' individual needs (PRWeb Apr 1, 2008) Read the full story at http://www.prweb.com/releases/2008/04/prweb815674.htm
2008-04-01 12:32:34 -
UBS boss to quit over £9.6bn losses (Channel 4)
UBS has become the biggest European victim of the US sub-prime mortgage crisis after writing off a further £9.6 billion.
2008-04-01 03:28:05 -
UBS Says Ospel Resigns After $19 Billion Writedowns (Update4) (Bloomberg.com)
April 1 (Bloomberg) -- UBS AG , battered by the biggest writedowns from the collapse of the U.S. subprime mortgage market, reported a 12 billion-franc ($11.9 billion) quarterly loss and said Chairman Marcel Ospel will step down.
2008-04-01 03:42:47 -
Treasuries Decline as Stocks Rally, Curbing Demand for Safety (Bloomberg.com)
April 1 (Bloomberg) -- Treasuries fell after stocks in Europe and Asia rose and the cost of insuring corporate debt against default declined, curbing demand for the safest assets.
2008-04-01 04:12:55 -
Lehman Attempts to Soothe Investors With Stock Sale (Update2) (Bloomberg.com)
April 1 (Bloomberg) -- Lehman Brothers Holdings Inc. , the fourth-largest U.S. securities firm, is seeking to raise at least $3 billion from a share sale after speculation it's short of capital drove the stock down 42 percent this year.
2008-04-01 04:27:50 -
Proposed overhaul puts Fed in charge of market stability (Cheboygan Daily Tribune)
WASHINGTON (AP) - It's a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.
2008-04-01 04:28:42 -
Q & A: How the national financial overhaul affects you (TCPalm.com)
Treasury Secretary Henry Paulson on Monday proposed a major overhaul of the federal government's regulation of the nation's financial system - from the nation's biggest banks and investment houses to insurance companies and mortgage brokers. Here's a look at how some of the provisions could affect consumers.
2008-04-01 04:28:59 -
Homeowners fighting foreclosure can tap state program's $310 mil. (Chicago Sun-Times)
Refinancing funds in a state program to help homeowners avoid foreclosure by accessing fixed-rate mortgages has grown from $200 million to $310 million, according to Gov. Blagojevich's office.
2008-04-01 02:06:41 -
ROUGH SEAS AHEAD: DEMS' BAILOUT PLAN (New York Post)
Sens. Hillary Clinton and Barack Obama ride the same horse with taxpayers' money, but Sen. is man enough to shun the idea of bailing out those who couldn't meet their payments ("Mac's Mortgage Rx," Editorial, Mar 30). Bankers are nothing but...
2008-04-01 02:08:19 -
Scotland open for business (SNP)
Thank you very much for inviting me here. It is an honour to be with you today at the start of my programme for Scotland Week. Events are being held across the United States and Canada and my Ministers and I will be touring your country all this week.
2008-04-01 02:12:28 -
Proposal confronts skeptics, politics (Seattle Times)
As Treasury Secretary Henry Paulson formally laid out an ambitious plan to overhaul the regulatory apparatus that oversees the nation's...
2008-04-01 02:21:08 -
There will be no financial crisis in Russia - vice-premier (Itar-Tass)
MOSCOW, April 1 (Itar-Tass) - There will be no financial crisis in Russia, said on Tuesday Deputy Prime Minister Alexander Zhukov, addressing a scientific conference at the Financial Academy under the Russian government.
2008-04-01 02:23:01 -
Democrats Seek Foreclosure Relief (Seattle Times)
While senators realize they need to address the nation's housing-related economic crisis, Democrats and Republicans are divided over how to tackle the issue.
2008-04-01 02:26:40