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And Mortgage Loans Newsand mortgage loansWASHINGTON — Think of them as the walking wounded: The homeowners who are upside down on their mortgages, owing much more than their home is now worth. But they’re still on their feet and still sending their payments each month. In this credit ... Read moreUnderwater, many homeowners struggle to pay loans - Providence JournalFARGO, N.D. Officials say the economy of the Red River Valley is holding up well, despite problems in the national economy. Gate City Bank President Steve Swiontek said the Fargo-based bank has seen record numbers of mortgage loans and auto lending ... Read moreLeaders say Red River Valley economy resilient - Dickinson Press & AdvertiserCHICAGO - (Business Wire) Fitch Ratings affirms the following classes of Merrill Lynch Mortgage Trust 2008-C1 and assigns Outlooks as follows: --$16.9 million class A-1 at 'AAA'; Outlook Stable; --$55.6 million class A-2 at 'AAA'; Outlook Stable ... Read moreFitch Affirms Merrill Lynch Mortgage Trust 2008-C1; Assigns Outlooks - EarthtimesCitigroup assembled its board to "think the unthinkable" yesterday, with a fire sale or a break-up of the financial giant on the table. The company's shares plunged for the fifth straight day, as the rest of Wall Street followed the twists and turns ... Read moreCitigroup considers fire sale as shares dive - The IndependentNEW YORK - (Business Wire) Wall Street Media presents an exclusive video of Rich Gordon, Fixed Income Market Strategist of Wachovia Corporation, (NYSE: WB) , in which he discusses the shift by the Treasury Department in the focus of the TARP Plan ... Read moreWall Street Media Presents an Exclusive TARP Video - EarthtimesGMAC said the change in status would shore up its capital position and help it to continue to provide automotive and mortgage financing. GMAC is majority owned by New York-based private equity firm Cerberus Capital Management LP, which also owns most ... Read moreGMAC move may trigger aid - Jackson Clarion-LedgerOutlook: Have you ever tried controlling a gang of naughty toddlers intent on going their own way whatever the threatened punishment? Then you probably have some inkling of how Alistair Darling feels about Britain's biggest banks right now. They've ... Read moreDavid Prosser: A lending scandal of the Chancellor's own making - The IndependentFederal regulators seized Downey Savings & Loan and PFF Bank & Trust late Friday, saying hundreds of millions of dollars in bad loans from the housing bubble had rendered the Southern California banking fixtures unsound. Government officials said the ... Read moreDowney Savings, PFF Bank seized by federal regulators - Los Angeles TimesThe symptoms so far: Brokerages fail to honor wire transfer instructions. Treasury bill transactions don't settle. The bond markets have virtually shut down such that publicly traded short-term debt instruments of high-quality companies can't be sold ... Read more3 Quick Steps For the Economy - US News and World ReportSoaring numbers of buy-to-let investors have not paid a penny of their mortgage and face losing their property, official figures revealed today. The worst economic meltdown since the First World War has triggered a nightmare for the army of people ... Read more |
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