| Personal Finance Headlines |
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| JPMorgan Chase Freezes Foreclosures
(BusinessWeek Online)
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| BusinessWeek Online - In what may the biggest sign yet that banks are getting serious about attacking the nationwide wave of home foreclosures, giant JPMorgan Chase announced on Oct. 31 that it is sharply ramping up its efforts to restructure the loans in its massive mortgage portfolio. For the next 90 days, JPMorgan will not place any new homes into foreclosure. -- read full article |
| Mon, 03 Nov 2008 13:08:43 GMT - Yahoo! News: Personal Finance News |
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| Spain: government announces mortgage aid
(AP)
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| AP - Spain's government, grappling with soaring unemployment and an economy buffeted by the global credit crunch, announced a plan Monday to help families make mortgage payments and reward businesses that hire. -- read full article |
| Mon, 03 Nov 2008 13:59:07 GMT - Yahoo! News: Personal Finance News |
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| Recession rears ugly head, global auto sales shrink
(Reuters)
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| Reuters - Corporate results and outlooks worsened on Monday, and automotive companies from Japan to Italy to Detroit said October sales were the weakest in about 20 years as economies continued to weaken and consumer credit, and available cash, dried up.
-- read full article |
| Mon, 03 Nov 2008 19:39:45 GMT - Yahoo! News: Personal Finance News |
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| Bernanke says GSE debt backing must be maintained
(Reuters)
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| Reuters - Federal Reserve Chairman Ben Bernanke said on Friday that U.S. backing for the debt issued by home mortgage finance firms Fannie Mae and Freddie Mac in their current form must stand firm, even though it is appropriate to debate their future.
-- read full article |
| Fri, 31 Oct 2008 21:03:57 GMT - Yahoo! News: Personal Finance News |
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| Insight: The masters lost our trust
(FT.com)
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| FT.com - Sherman McCoy, the fictional 1980s "Master of the Universe" Wall Street bond trader, had his sights set on a deal which could earn him $1.7m in commission payments, money he needs to pay off the mortgage on a lavish Park Avenue apartment. -- read full article |
| Thu, 30 Oct 2008 17:45:23 GMT - Yahoo! News: Personal Finance News |
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| GMAC may become bank, eyes massive debt overhaul
(Reuters)
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| Reuters - GMAC LLC, the money-losing auto finance and mortgage provider, on Thursday confirmed it was seeking to become a bank holding company, and said it plans to overhaul and slash its debt load, barely four months after completing a $60 billion refinancing package. -- read full article |
| Fri, 31 Oct 2008 02:28:20 GMT - Yahoo! News: Personal Finance News |
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| Life Insurance Trusts and You
(The Motley Fool)
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| The Motley Fool - Trusts are impressively flexible, offering many ways for people to use them. Revocable trusts can encompass many people's entire estate-planning needs in a single document. On the other hand, professionals have tailored some types of trusts to fit very specific situations and types of assets. The life insurance trust, primarily designed to hold life insurance policies, is a prime example. -- read full article |
| Wed, 29 Oct 2008 19:08:13 GMT - Yahoo! News: Personal Finance News |
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