| Personal Finance Headlines |
| Housing starts and permits tumble in July
(Reuters)
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| Reuters - Home building projects started in
July fell 11 percent to the lowest annual rate in more than 17
years, while building permits tumbled 17.7 percent, the
Commerce Department reported on Tuesday.
-- read full article |
| Tue, 19 Aug 2008 13:10:13 GMT - Yahoo! News: Personal Finance News |
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| American Home to pay fraction of bankruptcy claims
(Reuters)
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| Reuters - American Home Mortgage Investment Corp
, which was among the largest U.S. home loan
providers before seeking bankruptcy protection a year ago, said
it will pay unsecured creditors no more than 5.9 cents on the
dollar as it liquidates assets. -- read full article |
| Tue, 19 Aug 2008 13:43:03 GMT - Yahoo! News: Personal Finance News |
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| Stocks tumble on Fannie, Freddie worries
(Reuters)
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| Reuters - U.S. stocks sank on Monday as the
prospect of more losses from the mortgage crisis hurt the
shares of banks and the two biggest home finance providers,
pushing all three major indexes down about 1.5 percent.
-- read full article |
| Mon, 18 Aug 2008 20:25:36 GMT - Yahoo! News: Personal Finance News |
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| Fannie, Freddie fall on renewed bailout fears
(AP)
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| AP - Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality.
-- read full article |
| Mon, 18 Aug 2008 21:34:40 GMT - Yahoo! News: Personal Finance News |
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| 'Liar loans' threaten to prolong mortgage crisis
(AP)
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| AP - In the mortgage industry, they are called "liar loans" mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
-- read full article |
| Mon, 18 Aug 2008 21:50:30 GMT - Yahoo! News: Personal Finance News |
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| Wall Street pulls back as financials fall
(AP)
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| AP - Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers. Weakness in the overall financial sector sent the Dow Jones industrial average down more than 175 points.
-- read full article |
| Tue, 19 Aug 2008 06:03:25 GMT - Yahoo! News: Personal Finance News |
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| The Workplace: Making Bold Moves in Tough Times
(BusinessWeek Online)
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| BusinessWeek Online - How do you get ahead on the job when the labor market is crumbling? Michael Donaldson, an entertainment lawyer and author of Fearless Negotiating (McGraw-Hill; $16.95), says workers often have more power than they think they do, even in tough times. Personal Finance Editor Lauren Young asked Donaldson for negotiating tips. -- read full article |
| Mon, 18 Aug 2008 12:08:47 GMT - Yahoo! News: Personal Finance News |
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| Bailout concerns slam Freddie, Fannie shares
(Reuters)
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| Reuters - Investors dumped shares of Fannie Mae
and Freddie Mac on Monday after Barron's reported the
increasing likelihood of a U.S. Treasury bailout that would
approach nationalization of the two housing finance titans.
-- read full article |
| Mon, 18 Aug 2008 17:00:05 GMT - Yahoo! News: Personal Finance News |
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| 'Liar loans' threaten to prolong mortgage crisis
(AP)
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| AP - In the mortgage industry, they are called "liar loans" mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
-- read full article |
| Mon, 18 Aug 2008 18:27:48 GMT - Yahoo! News: Personal Finance News |
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