Mortgage and Financial News From 2008-2-12 Page 39

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  • Buffett's No Godfather to Bond Insurers - TheStreet.com

    Buffett's No Godfather to Bond InsurersTheStreet.com - 5 hours agoThe monoline bond insurers' struggles have caused the ratings agencies to downgrade or threaten downgrades to their pristine credit, which threatens to ...
    2008-02-12 08:28:10
  • Sue The Subprimers? - New Haven Independent

    Sue The Subprimers?New Haven Independent,  USA - 4 hours ago... by a collapse of the so-called “subprime” market — loans to people with bad credit, often on terms that are exploitative and/or difficult to repay. ...
    2008-02-12 09:29:14
  • Buffett To The Rescue! - Forbes

    Buffett To The Rescue!Forbes, NY - 3 hours agoThe prospect of being left holding the bad eggs doesn't seem too palatable to the bond insurers. One unnamed company has rejected the offer, Buffett said. ...
    2008-02-12 10:07:27
  • Still Lagging Behind: Latest Bush Housing Plan Too Little, Too Late - Center For American Progress

    Still Lagging Behind: Latest Bush Housing Plan Too Little, Too LateCenter For American Progress, DC - 3 hours agoThis step would stabilize the primary and secondary mortgage markets and go a long way toward calming global credit markets. Second, CAP has proposed that ...
    2008-02-12 10:16:48
  • Foreclosures rising as share of sold homes in hard-hit cities ... - Sun-Sentinel.com

    Foreclosures rising as share of sold homes in hard-hit cities ...Sun-Sentinel.com, FL - 3 hours agoAre you having trouble making your mortgage payments? Yes. I'm either in foreclosure or heading toward it. Yes. But I'm hopeful I can work things out ...
    2008-02-12 10:24:05
  • Mortgage crisis is growing, now affecting prime borrowers - BloggingStocks

    Mortgage crisis is growing, now affecting prime borrowersBloggingStocks - 3 hours agoThe problem is showing up everywhere -- first mortgages, home equity loans, credit cards, you name it. Wherever there is debt, it's going bad at higher ...
    2008-02-12 10:24:14
  • Buffett offers to reinsure $800 bln in muni bonds - Guardian Unlimited

    Buffett offers to reinsure $800 bln in muni bondsGuardian Unlimited, UK - 2 hours agoRatings downgrades are bad for bond insurers, but may be even worse for credit markets. If bond insurers lose their "triple-A" ratings, the securities they ...
    2008-02-12 10:49:30
  • ``Smart Moves'' for a Tightening Economy - Business Wire (press release)

    ``Smart Moves'' for a Tightening EconomyBusiness Wire (press release), CA - 2 hours agoThe recently enacted Mortgage Forgiveness Debt Relief Act provides new opportunities for housing co-ops to qualify and permit their shareholders to deduct ...
    2008-02-12 11:07:24
  • Treasurys Sell Off on Buffett Muni Offer - The Associated Press

    Treasurys Sell Off on Buffett Muni OfferThe Associated Press - 2 hours agoThe offer seemed to promise more stability to a municipal debt market badly shaken by bond insurers' decisions to guarantee low-quality mortgage debt, ...
    2008-02-12 11:10:51
  • "Jingle mail:" The Awful Sound Of "Voluntary" Foreclosure - CBS News

    "Jingle mail:" The Awful Sound Of "Voluntary" ForeclosureCBS News, NY - 2 hours agoWhen I posted a poll asking whether walking away from a bad mortgage is "irresponsible" or "the smart thing to do," 63 percent agreed with "condoblue" ...
    2008-02-12 11:27:18
  • Bank of America Credit Card Customers Get Hit - KTAR.com

    Bank of America Credit Card Customers Get HitKTAR.com, AZ - 51 minutes agoWegner said Bank of America has gotten a lot of bad publicity over this move, and he does not expect to see other credit card companies follow suit.
    2008-02-12 12:40:49
  • How a Home Inspection Checklist Helps Real Estate Buyers and Sellers - RisMedia.com (press release)

    How a Home Inspection Checklist Helps Real Estate Buyers and SellersRisMedia.com (press release), CT - 10 minutes agoNeedless to say if a home owner is struggling to pay their credit card bills (most minimum payments have doubled from 2% of the total balance per month to ...
    2008-02-12 01:21:01
  • Financials and carmakers stage recovery (FT.com via Yahoo! News)

    European equities swung higher on Tuesday after traders latched on to positive news from Germany and the US, giving battered cyclical stocks a lift.
    2008-02-12 12:25:30
  • Bank of America Credit Card Customers Get Hit (KTAR 92.3 Phoenix)

    Some Bank of America credit card customers are experiencing sticker shock when they open their mail. They're paying their credit card bill on time and their credit score hasn't fallen, but yet some customers have seen ...
    2008-02-12 12:33:01
  • Wall Street Rallies After Buffett News (The San Francisco Examiner)

    NEW YORK ( Map , News ) - Wall Street surged higher Tuesday after billionaire investor Warren Buffett offered to help out troubled bond insurers, easing some of the market's concerns about further deterioration in the credit markets. The Dow Jones industrials rose almost 200 points.
    2008-02-12 12:49:36