| Personal Finance Headlines |
| UK home repossessions up 12 pct in 3Q from 2Q
(AP)
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| AP - Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market. -- read full article |
| Fri, 21 Nov 2008 10:49:34 GMT - Yahoo! News: Personal Finance News |
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| FHA-Backed Loans: The New Subprime
(BusinessWeek Online)
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| BusinessWeek Online - As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long-standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means. -- read full article |
| Fri, 21 Nov 2008 13:08:43 GMT - Yahoo! News: Personal Finance News |
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| Ask AP: Importance of housing starts, honeybees
(AP)
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| AP - American farmers have long worried about the declining population of honeybees, a key crop pollinator. But honeybees originally came from Europe, so can't U.S. farms get by without them with a little help from good old American bugs whose ancestors were here before Columbus?
-- read full article |
| Fri, 21 Nov 2008 17:41:53 GMT - Yahoo! News: Personal Finance News |
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| Fannie Mae, Freddie Mac suspend some foreclosures
(Reuters)
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| Reuters - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.
-- read full article |
| Thu, 20 Nov 2008 23:33:13 GMT - Yahoo! News: Personal Finance News |
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| Wall Street sinks to lowest since 2003
(Reuters)
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| Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
-- read full article |
| Wed, 19 Nov 2008 21:44:53 GMT - Yahoo! News: Personal Finance News |
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| MetLife says commercial mortgage portfolio safe
(Reuters)
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| Reuters - U.S. life insurer MetLife Inc disclosed information about its commercial mortgage portfolio on Wednesday in an effort to soothe investors that have become increasingly skittish about investments by insurers in commercial property debt. -- read full article |
| Wed, 19 Nov 2008 23:43:14 GMT - Yahoo! News: Personal Finance News |
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| Senate to probe bond-ratings firms: report
(Reuters)
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| Reuters - A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, the Wall Street Journal said.
-- read full article |
| Thu, 20 Nov 2008 09:55:33 GMT - Yahoo! News: Personal Finance News |
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| October's Drop in Prices and Housing Starts
(BusinessWeek Online)
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| BusinessWeek Online - The current U.S. downturn continues to generate remarkable moves in economic data. Consider the reports on U.S. consumer prices and housing starts for October, released on Nov. 19: The headline consumer price index (CPI) registered its largest monthly decline in 61 years, while housing starts reached the slowest pace of activity in the history of this data series. -- read full article |
| Thu, 20 Nov 2008 13:08:43 GMT - Yahoo! News: Personal Finance News |
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| UK mortgage lending down 44 pct from a year ago
(AP)
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| AP - Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday. -- read full article |
| Thu, 20 Nov 2008 14:51:15 GMT - Yahoo! News: Personal Finance News |
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| China fund in talks for stake in AIG unit: report
(Reuters)
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| Reuters - A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a stake of up to 49 percent in American Life Insurance Co, a unit of U.S. insurance company American International Group , the Nikkei financial daily reported.
-- read full article |
| Thu, 20 Nov 2008 18:40:36 GMT - Yahoo! News: Personal Finance News |
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