Mortgage and Financial News From 2008-2-15 Page 45

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  • Clinton proposes cracking down on corporations (CentralOhio.com)

    COLUMBUS (AP) -- Democrat Hillary Rodham Clinton, criticized for taking special interest contributions, sought Thursday to become the populist of the presidential race by proposing restrictions on an array of industries and casting rival Barack Obama as more beholden to corporations.
    2008-02-15 06:53:28

  • No recession yet, Greenspan says (KING5 Seattle)

    Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is "clearly on the edge" of a recession, and he pointed to the depressed housing market as a primary culprit.
    2008-02-15 07:03:32

  • A little help from her friends (Newport Daily News)

    NEWPORT — Martha R. Soto never told her husband of 36 years that she was battling Stage 3 ovarian cancer. She underwent an abdominal CAT scan on Nov. 12 that yielded the diagnosis, and Paul Soto, 59, was admitted to Newport Hospital’s Intensive Care Unit that night.
    2008-02-15 07:10:04

  • Radian swings to $618M loss (bizjournals.com via Yahoo! Finance)

    Mortgage insurer Radian Group said Friday it lost $618 million, or $7.74 a share, in the fourth quarter caused by lingering credit issues.
    2008-02-15 07:13:10

  • Bombfire of the Vanities! (GoldSeek.com)

    For greater insight into our publication, have a look at the Overview of Tedbits . It helps current and potential subscribers understand our mission in serving you. It also gives a broad description of what’s unfolding globally and what you can expect from Tedbits as a regular reader.
    2008-02-15 07:14:57

  • Wall Street Mired in Red Again (TheStreet.com)

    Stocks fall as data disappoint, Best Buy warns and worries linger about the bond insurers.
    2008-02-15 07:17:23

  • Nation thinks Bernanke can spur fiscal recovery (The Record Searchlight)

    WASHINGTON -- When it comes to turning around the troubled economy, many people have confidence Ben Bernanke and his Federal Reserve colleagues can get the job done.
    2008-02-15 07:18:44

  • Greenspan: U.S. 'Clearly on the Edge' of Recession (Fox News)

    Former Federal Reserve Chairman Alan Greenspan says American economy is 'clearly on the edge' of a recession.
    2008-02-15 07:27:12

  • A foreclosure virus spreads

    Boston Globe - William Sinnott, the city's chief attorney, is investigating whether state banking officials could freeze the assets or strip the licenses of mortgage lenders who snub efforts to bring the properties up to code or resist putting them back on the ...
    2008-02-14 11:04:00

  • Home loans drop 35%, lenders say

    BBC News - The number of new mortgages granted to home buyers slumped to just 62,000 in December 2007, according to the Council of Mortgage Lenders (CML). The figure was 35% lower than at the same point a year ago. With just 225,000 such mortgages lent between ...
    2008-02-11 03:58:00

  • French bank reveals bad debt loss

    BBC Business - The industry is in crisis in the US following record loan defaults and home repossessions last year in the face of higher mortgage payments. The losses spread from US banks to lenders around the world, as some of the sub-prime debt was resold as ...
    2008-02-15 06:06:00

  • Real estate tower proposed at 2nd and Virginia

    Seattle Times - The state has seen sales decline year-over-year for 28 straight months as the once-booming housing market tanked and a nationwide credit crisis forced mortgage lenders to scale back so-called jumbo mortgages that exceed $417,000. The decline in jumbo ...
    2008-02-15 12:08:00

  • Windsor man pleads guilty in mortgage scheme

    Greeley Tribune - The indictment charged that Juhl used the money to indicate to mortgage lenders that the couple had enough money to afford the house they were buying. He told them the house was originally worth about $180,000, but by giving them the down-payment ...
    2008-02-14 11:54:00

  • Project Lifeline could have positive implications for US RMBS - S&P

    Forbes - The Bush administration and six of the nation's largest mortgage lenders, earlier this week announced 'Project Lifeline,' a plan to allow seriously overdue homeowners to suspend foreclosures for 30 days while lenders try to find more affordable loan ...
    2008-02-14 11:04:00

  • England in need of performance enhancers

    Daily Telegraph - When adverts from oil companies claiming to be green and sub-prime mortgage lenders hoping to snare more victims with suggestions that massive personal debt is consequence-free constitute an opportunity to cheer yourself up, you know the news is not ...
    2008-02-15 01:34:00

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