News

2008

September

22
  • Can we dodge a recession?. Business was already down at the Muddy Cup Coffee House this year. Now, Jim Svetz, owner of nine coffee shops in Upstate New York, fears things are only going to get worse. Consumers "see the
21
  • For banks, bailout. For consumers, credit advice. The Treasury Department started a campaign last week to educate Americans about the importance of credit. The campaign was not designed for Wall Street banks, currently awaiting the details on their $700 billion government bailout, but
20
  • Wall St. credit turmoil felt on Main St.. Credit for consumers and companies alike was choking to a halt as the crisis on Wall Street intensified earlier this week. But when word of a government bailout for financial institutions began to circulate yesterday,
  • FTC settlement shines light on bad practices. Fannie Mae, Freddie Mac, Merrill Lynch and Lehman Brothers have dominated recent headlines, but a little-noticed $28 million settlement earlier this month between the Federal Trade Commission (FTC) and what's left of Bear Stearns symbolizes the
18
  • Era of easy credit comes to abrupt end. The years of easy money were fun while they lasted. Banks and credit card providers were so flush with cash that they could help virtually anyone — including many who had trouble juggling their bills — pay
  • AIG Insurance: How am I affected?. The financial problems at American International Group Inc. may be causing you great concern if you hold an AIG life, health, home or auto insurance policy, or have an annuity with the company. Insurance industry
16
  • Qué hacer después de un huracán. Todos sabemos que un huracán arrasa. Pero también es cierto que, después de su paso, es mucho lo que podemos hacer para recuperarnos de los daños, reorganizar la casa y la
15
  • The effects of credit crisis at home. The turmoil sweeping through the financial markets has left many people worried about their own stocks, bank accounts, and retirement funds. The tottering of investment bank Lehman Brothers, the weakening cash position of AIG, and
  • No 'golden parachutes' for Fannie, Freddie ex-CEOs. The government yesterday said it would not allow Fannie Mae and Freddie Mac to pay their departing chief executives the separation payments, known as "golden parachutes," outlined in their contracts. The Federal Housing Finance Agency
  • Mantén el mejor historial de crédito. Una vez que hayas establecido tu historial crediticio, deberías seguir estos consejos básicos para mantener y desarrollar el mejor historial que puedas. Paciencia y moderación 1. Sé paciente; no aceptes todas las ofertas
  • Reportan un récord de foreclosures en EEUU. Los trámites de ejecuciones hipotecarias en Estados Unidos subieron a un nivel récord en agosto conforme la caída de los precios de las propiedades convertía en una tarea difícil vender
14
  • FHA loans enjoy a boom. It was the mortgage of last resort when home sales were booming. Buyers balked at the paperwork. Sellers hated the home-repair rules. What a difference a housing bust makes. "Now, it's almost automatic that it's
  • Rescate de hipotecarias ayudará sólo a algunos. Pocos fuera de Washington y Wall Street podrán entender qué hacen las gigantes hipotecarias Fannie Mae y Freddie Mac, pero el rescate de ambas emprendido por el gobierno probablemente se sentirá en las ciudades
13
  • These home equity loans come with big risks. When an investor offers you $50,000 or $100,000 in exchange for 30 percent to 50 percent of your home's future appreciation, is it a good deal? That's what some investment firms are promoting as an alternative to traditional home
11
  • Housing, credit cards on Congress' plate. Although lawmakers have a lot to do, including passing 13 appropriations bills, congressional leaders are knocking down expectations of accomplishing much beyond a simple continuing resolution that would keep the government in operation until January. Democratic
  • Mortgage rates plunge for those who qualify. The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, prompting homeowners and would-be buyers to flood loan offices with phone calls. But there's a catch: Although the lower interest rates
10
  • Lose your house, lose your vote. The chairman of the Republican Party in Macomb County Michigan, a key swing county in a key swing state, is planning to use a list of foreclosed homes to block people from voting in the
09
  • Mortgage giants’ future: rebuild or teardown. A day after the government seized control of the nation’s two largest mortgage finance companies, policy makers and Congress began what promises to be an epic political fight over how to revamp the companies
 

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