| Personal Finance Headlines |
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| Gov't launches mortgage aid program
(AP)
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| AP - The government kicked off a program Wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. -- read full article |
| Wed, 01 Oct 2008 19:26:07 GMT - Yahoo! News: Personal Finance News |
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| UBS expects small profits in third quarter
(AFP)
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| AFP - Switzerland's biggest bank UBS, one of the worst-hit by the subprime crisis, said Thursday it expects a small profit for the third quarter after sharply cutting its US mortgage-related positions.
-- read full article |
| Thu, 02 Oct 2008 05:57:57 GMT - Yahoo! News: Personal Finance News |
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| Gov't launches mortgage aid program
(AP)
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| AP - The government kicked off a program Wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. -- read full article |
| Wed, 01 Oct 2008 18:22:20 GMT - Yahoo! News: Personal Finance News |
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| Wachovia bank in talks to be bought: sources
(Reuters)
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| Reuters - Wachovia Corp is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to concerns about its portfolio of illiquid mortgage assets. -- read full article |
| Mon, 29 Sep 2008 11:25:42 GMT - Yahoo! News: Personal Finance News |
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| UK government nationalizes Bradford & Bingley
(AP)
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| AP - The British government is nationalizing troubled mortgage lender Bradford & Bingley, the Treasury confirmed Monday, taking over the bank's 50 billion pound ($91 billion) mortgage and loan books as turmoil from the U.S. credit crisis spread across Europe. -- read full article |
| Mon, 29 Sep 2008 12:02:37 GMT - Yahoo! News: Personal Finance News |
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| Stocks sink as House rejects bailout bill
(Reuters)
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| Reuters - Stocks plunged on Monday as the U.S. House of Representatives rejected a $700 billion financial sector bailout plan, renewing fear about frozen world credit markets and the global economy's health.
-- read full article |
| Mon, 29 Sep 2008 18:35:47 GMT - Yahoo! News: Personal Finance News |
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| Fannie, Freddie get federal grand jury subpoenas
(Reuters)
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| Reuters - Fannie Mae and Freddie Mac, the U.S. mortgage finance giants that were taken over by the government this month, said on Monday they were subpoenaed for documents as part of a federal grand jury investigation into their accounting.
-- read full article |
| Mon, 29 Sep 2008 15:40:42 GMT - Yahoo! News: Personal Finance News |
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