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Tuesday, October 21, 2008
Los Angeles Times, CA -
Yesterday's DataQuick report showed Southern California home sales up 65% from a year ago, but the total 20, 497 homes sold was still --apart from last September's record low-- the worst September since 1996. That month, 17,443 homes were sold in Los ... -
Tuesday, October 21, 2008
BusinessWeek -
By ALEX VEIGA Foreclosure-ravaged housing markets fueled a 65 percent jump in California home sales in September, as bargain hunters kept buying up heavily discounted properties, a real estate tracking firm said Tuesday. The surge in more ... -
Tuesday, October 21, 2008
Housing Wire -
Congress boosted both the conforming and FHA loan limits to $729500 earlier this year as part of an economic stimulus package, but that boost only applies to certain defined “high-cost” housing markets. The original proposal made the loan limit boost temporary, while later Congressional action ... -
Wednesday, October 22, 2008
Santa Cruz Sentinel, CA -
Santa Cruz Home Finance, a direct FHA lender, will present a free workshop on FHA home loans from 7-8:30 pm today at 1535 Seabright Ave. FHA loans have become more popular since the maximum loan limit was raised from $362,790 to ... -
Sunday, October 19, 2008
Philadelphia Inquirer, PA -
(The minimum FHA score is 585.) Efforts to tack this provision onto the bailout didn't succeed, so the matter will have to wait till the new Congress convenes next year. "On the House" appears Sundays in The Inquirer. Contact ... -
Oct 17, 2008
Delaware County Daily Times, PA -
By JOE SESTAK Times Guest Columnist On Oct. 4, the bill, together with a number of tax-cut extensions, passed 263-171, and became law. I voted yes both times because I believe we needed to take decisive action to stop the bank-lending ... -
Oct 17, 2008
KC Community News, KS -
By Doug Carder, dcarder@miconews.com My heart sank Wednesday night along with the initial poll results for Sen. John McCain after the third and final presidential debate. Barring some miracle, the Democrats will control the White House and both floors of Congress in January. ... -
Oct 17, 2008
RINF.COM, UK -
Via Dirt Diggers Digest | Twice in the past month, the Bush Administration has sounded the alarm about the economy and pushed through unprecedented measures: a $700 billion buyout of toxic assets from financial institutions and now a $250 billion plan for the ... -
Sunday, October 19, 2008
Albany Times Union, NY -
When the US Treasury made the radical proposal to infuse the nation's vaunted and supposedly free enterprise financial system with 700 billion taxpayer dollars, it stunned the American people. Advertisement ... -
Oct 12, 2008
Wall Street Journal -
By DEBORAH SOLOMON and DAMIAN PALETTA WASHINGTON -- The Treasury Department's plan to inject capital directly into banks is expected to be laid out as soon as this week and will likely be designed in a way that won't wipe out existing shareholders, according to ...
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Oct 13, 2008
Bloomberg -
By John Brinsley and Rebecca Christie Oct. 13 (Bloomberg) -- US Treasury Secretary Henry Paulson and Federal Reserve officials today will meet with executives from financial companies to discuss the government plan to restore confidence in credit markets, the Treasury said. ... -
Oct 13, 2008
Reuters -
WASHINGTON (Reuters) - US banking regulators will outline on Tuesday a sweeping government response to the global credit crisis that will aim to "restore ... -
Oct 14, 2008
Reuters UK, UK -
By Elaine Lies and Aiko Hayashi TOKYO, Oct 14 (Reuters) - The US Treasury could pump $250 billion into US banks in what Federal Reserve Chairman Ben Bernanke called on Tuesday a comprehensive attempt to end the credit crisis, restoring market confidence and sending Tokyo stocks ... -
Oct 14, 2008
MarketWatch -
By MarketWatch WASHINGTON (MarketWatch) - Here is the joint statement made Tuesday by Treasury Secretary Henry M. Paulson, Jr, Federal Reserve Chairman Ben Bernanke and FDIC Chairman Sheila C. Bair: ... -
Oct 14, 2008
MarketWatch -
By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- President Bush announced Tuesday the government's latest measures aimed at bringing stability to the ... -
Oct 14, 2008
The Associated Press -
Text of Treasury Secretary Henry Paulson's remarks Tuesday, as transcribed by CQ Transcriptions. ___ PAULSON: America is a strong nation. We are a confident and optimistic people. Our confidence is born out of our long history of meeting every ... -
Oct 14, 2008
The Associated Press -
Text of Federal Reserve Chairman Ben Bernanke's remarks on Tuesday, as transcribed by CQ Transcriptions. ___ BERNANKE: Good morning. ... -
Oct 14, 2008
TheStreet.com -
The federal government on Tuesday unveiled a sweeping plan to invest up to $250 billion in equity into US banks, among other measures intended to shore up the debilitating crisis of confidence that has seized credit markets and sent equities plummeting. ... -
Oct 14, 2008
Reuters -
By Jeremy Pelofsky and Tabassum Zakaria WASHINGTON (Reuters) - The United States pledged on Tuesday to pump $250 billion into its banks, following similar ... -
Oct 14, 2008
AFP -
WASHINGTON (AFP) — US authorities Tuesday pushed forward a massive financial rescue with a plan to inject up to 250 billion dollars in capital to struggling banks and offer new guarantees to help restore credit flows. Nine large banks agreed to plan to give ...
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