Mortgage and Financial News From 2008-6-13 Page 2
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Thornburg Mortgage posts loss in Q1 - Update 2 - RTT News
(RTTNews) - Thornburg Mortgage, Inc. (TMA : News, Chart, Quote ), a lender of residential mortgage, Thursday reported a loss in the first quarter of 2008 compared with a profit last year, hurt by hefty unrealized market-value losses and charges. The ...
2008-06-12 07:52:00 -
State trying to stem the foreclosure tide with homeowner counseling - McAllen Monitor
McALLEN -- Miguel Angel Solis knew he could keep up with the $700 monthly payments when he bought his Mission home two years ago. At 35 years old, the corrections officer at the Lopez State Jail in Edinburg finally owned a home where he could raise ...
2008-06-13 04:19:00 -
Home price slump just over half done - Reuters
NEW YORK (Reuters) -The two-year U.S. home price slump is just over halfway done with little relief in sight as the market needs to work through a stockpile of unsold houses that is climbing as foreclosures jump. House prices nationally tumbled more ...
2008-06-13 02:32:00 -
Will Obama Kill Bling? - Slate
Field Poll Blasts Times Poll: The people who run the Field Poll not only think the L.A. Times poll (showing Davis on the verge of beating the recall) is full of it , they think the L.A. Times ' defensive explanation for why its poll is different is ...
2008-06-13 05:45:00 -
The Obama Myth Exposed? - CBS News
The most important decision Barack Obama will make between now and the November election is the selection of a vice presidential running mate. That makes all the more remarkable his effort Tuesday to suggest that the people he has put in charge of ...
2008-06-13 04:34:00 -
Property owner profile: Angela Ingram (The Staunton News Leader)
Name: Angela Ingram Address: 326 Old Greenville Road Cost of flood insurance: Between $1,648 and $1,667 annually
2008-06-13 02:09:38 -
Thornburg's Losses Get Larger (Forbes)
Mortgage lender announces $3.3B first-quarter loss.
2008-06-12 09:25:13 -
Reverse mortgages: What a ripoff (The Desert Sun)
After receiving daily mailers touting the advantages of reverse mortgages, I began to wonder what the downside was.
2008-06-13 01:26:37 -
Personal Finance Daily: Consumers shift into down-cycle spending mode (Market Watch)
When you saw how well retail sales held up last month, you might have been tempted to think American consumers had fallen back into their free-spending ways. But if you look beyond the headline number to see just what it is folks are buying, you’ll find that spending patterns are changing.
2008-06-13 01:39:55 -
Hummer dealers uneasy as GM weighs possible sale - Newsday
DETROIT - As if high gas prices, a weak economy and a strike by a major supplier weren't enough to drag down Hummer's sales, Hummer dealers are now reeling from the news that General Motors Corp. may consider selling the brand. GM Chief Executive ...
2008-06-12 02:19:00 -
Subprimes: From Bad to Worse - Newsweek
Other types of consumer debt, which have nothing to do with housing and nothing to do with subprime, are starting to go bad too. The Wall Street Journal reported today that "about 4.5 percent of auto loans made in 2006 to top-rated borrowers were ...
2008-06-13 05:17:00 -
Three Little Facts and the End of the World (GoldSeek.com)
*** Calling into question the U.S.'s car culture…the next big thing in the search for an energy alternative…and more!
2008-06-13 12:28:03 -
Real Estate Weekly: Commercial real estate weakness mirrors that of housing (Market Watch)
Financing for commercial real-estate may be harder to come by for at least another half year, according to a survey of those in the industry that included brokers, lenders, commercial mortgage bankers, title insurers, contractors, investors and engineers.
2008-06-13 12:55:52 -
What's Stressing You Out (Forbes)
As the slumping economy threatens to drive our bank accounts lower, it's pushing our stress levels up.
2008-06-13 01:43:04 -
Can Banking Shake The Crisis? (Forbes)
The hits just keep on coming for the troubled industry, which has been hoping for a rebound.
2008-06-13 02:53:13