Mortgage and Financial News From 2008-7-22 Page 9
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Wachovia, Fifth Third, KeyCorp Post Losses on Weak Home Markets - Bloomberg
July 22 (Bloomberg) -- Wachovia Corp. , Fifth Third Bancorp and KeyCorp posted second-quarter losses and Regions Financial Corp.'s profit missed analysts' estimates as damage from the housing slump cut deeper into earnings at regional banks. Wachovia ...
2008-07-22 07:19:00 -
Fannie, Freddie Fall on Concern More Losses to Come (Update1) - Bloomberg
July 22 (Bloomberg) -- Fannie Mae and Freddie Mac may need to record more writedowns after they expanded their purchases of non-guaranteed subprime and Alt-A mortgage securities just as other investors fled to safer investments, their regulator said ...
2008-07-22 07:41:00 -
State agency will lend to 1st-time home buyers - San Francisco Gate
del.icio.us A California agency is offering below-market-rate loans to first-time home buyers who purchase certain foreclosed properties in beleaguered areas, including parts of Alameda and Contra Costa counties. The California Housing Finance Agency ...
2008-07-22 07:34:00 -
Henry Paulson seeks support for US mortgage giants - Times Online
Henry Paulson, the US Treasury Secretary, urged Congress to approve swiftly a support package for Fannie Mae and Freddie Mac to make sure the two mortgage giants, which collectively underpin America’s housing market, can continue to prop up the ...
2008-07-22 08:45:00 -
Novel buyback offer from cash-strapped lender - Times Online
A specialist mortgage lender is offering borrowers a discount of up to 8 per cent if they redeem their home loans and take them elsewhere. The unusual offer from Edeus, which deals in sub-prime, self-certificated and buy-to-let mortgages, has been ...
2008-07-22 07:34:00 -
Wachovia To Cut 6,350 Jobs After $8.8B Loss (KMGH 7 Denver)
Wachovia Corp. says it is slashing its dividend and cutting 6,350 jobs after a $8.86 billion second-quarter loss.
2008-07-22 07:35:09 -
Expo all about buying a home (The Saginaw News)
Information on buying your first home, help with a down payment, grants and home repair loans are among the topics covered during a free one-day Housing Expo.
2008-07-22 07:44:57 -
Wachovia Loses $8.86B; Will Cut 6,350 Jobs (NBC 6 Miami)
Wachovia Corp. says it lost $8.86 billion in the second quarter and that it will cut its dividend and 6,350 jobs.
2008-07-22 07:55:10 -
Wachovia cutting 6,350 jobs after $8.9B loss (The Morning Call)
2008-07-22 08:25:58 -
Wachovia has $8.9B loss, cuts 6,350 jobs, dividend (BusinessWeek)
The banking giant announces a nearly $9 billion second quarter loss. Jobs will be slashed
2008-07-22 08:38:15 -
Wachovia loses $8.9 billion, cuts workers, dividend (The Fayetteville Observer)
CHARLOTTE — Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street’s hopes that the nation’s big banks are weathering the credit crisis well.
2008-07-22 08:38:57 -
Buying a home may save you money (KXAN 36 Austin)
In these tough economic times, many Austinites battle with the option of renting or buying a home. A new study on the Austin housing market finds you can save thousands of dollars over four years by buying a home.
2008-07-22 08:52:51 -
2 cents worth - Chicago Sun-Times
A. Recently, investors have lost money in "safe" investments that offered higher yields or have seen their income drop as the Federal Reserve cut rates. Here is the problem with investing today: Tomorrow, next week and 10 years from now, "today" will ...
2008-07-21 01:51:00 -
AT&T refunding charges, Madigan says - St. Louis Post-Dispatch
After overcharging Illinois customers for about a year, AT&T has refunded some $1.5 million and agreed to defer at least another $5 million in rate hikes, Attorney General Lisa Madigan said today. Madigan’s office said the phone company quietly ...
2008-07-21 05:29:00 -
How much will an annuity cost down the road? - Austin American-Statesman
A: You won't be able to calculate an exact figure because interest rates will change over the period. But you can get a pretty good "guesstimate" by taking the following steps. First, get the cost of a life annuity in the amount of $2,000 a month ...
2008-07-21 05:00:00