The mortgage crisis roiling financial markets is now causing new casualties in an unexpected sector -- solar-power firms that cater to the home and small-business markets. Akeena Solar, one of the largest solar-system installers in the U.S., just reported a wider-than-expected quarterly loss due to higher operating...
As the mortgage crisis rolls along, I've been surprised at the relative lack of positive PR from the mortgage industry. Maybe they are just too busy righting their ships to worry about PR, but it seems to me that they ought to have been out there with some positive...
Overextended Homeowners Can Secure Loans from FHM PARSIPPANY, N.J. -- With the sub-prime mortgage crisis squeezing homeowners across the nation, FHM Mortgage Group, LLC, a full-service mortgage broker headquartered in Parsippany, New Jersey, is partnering with collection agencies to help overextended homeowners resolve their past-due debts. ...
At a time of spiraling oil and gas prices, Casper occupies an enviable position: It's an energy boomtown, which helps explain why the mortgage crisis has only slightly bruised the city. "We're doing extremely well," says Dennis Langdon, president of the Wyoming Multiple Listing Service. "We're the last...
WASHINGTON AFP — Federal Reserve chairman Ben Bernanke called Tuesday for legislation to provide "more robust" supervision of Wall Street investment firms to help avert crises like the one that felled Bear Stearns. Bernanke, speaking to a forum on mortgage lending, said regulatory loopholes helped precipitate the crisis...
SALT LAKE CITY, July 8 /PRNewswire/ -- Why: Consider ... If two former Bear Stearns hedge fund managers can be indicted and arrested in the first criminal prosecution stemming from the collapse of the subprime mortgage market, should the media be held to the same level of accountability?...
ST. LOUIS, July 7 /PRNewswire/ -- When it comes to the current mortgage crises, large-scale government interventions directly in housing or mortgage markets are not necessarily the best policy responses. By allowing markets to sort themselves out quickly, a foundation for sustainable homeownership and responsible mortgage lending can be...
WASHINGTON AFP — Large-scale government intervention in the US housing crisis would be counterproductive and prevent a "necessary" correction in home prices, according to a Federal Reserve study released Monday. The study by economist William Emmons of the St. Louis Fed concluded that "government interventions directly in housing...
AROUND 150,000 homeowners who took out mortgages this year now owe more than their property is worth. That's one in eight of the 1.2million new buyers, according to a study by market researchers CACI. And the figure could double by the end...
With the mortgage market in crisis and house prices falling, putting up interest rates to keep a lid on inflation will only tip the UK economy into deep recession, says Graham Turner. As the next election gets closer, Labour may not be able to afford an independent central bank ...
SAPPORO, Japan -- Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week. The outlook has darkened dramatically...
PARIS AFP — The US investment bank Goldman Sachs has lowered its 2008-2010 forecasts for more than 40 European banks, warning Friday that some of them may have to raise between 60 and 90 billion euros to shore up finances in the face of a nearly year-long credit crisis. ...
John R. Talbott, best selling author of 2003's"The Coming Crash in the Housing Market" and his new book, "Obamanomics:How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics,"said on FOX News today that the current housing, mortgage and bankingcrisis was a vast criminal enterprise. Talbott said that realtors were pushing homes on...
FRANKFURT AFP — The German bank IKB, which flirted with bankruptcy after the US subprime housing crisis erupted, posted Thursday an annual loss of just 24 million euros (38 million dollars) owing to a favourable tax effect, it said. "The positive difference as compared to the management board's...
OLDWICK, N.J. -- The course of the softening global reinsurance market will depend heavily on how the summer Atlantic hurricane season develops and what impact that will have on renewals negotiations heading into 2009, according to a story in BestWeek Europe. And more is on the minds of...
To combat the negative effects of thenation's mortgage crisis on California communities, the League ofCalifornia Cities is urging the state's Congressional delegation to supportlegislation, the Housing and Economic Recovery Act of 2008 (HR 3221), thatincludes $4 billion for cities that can be used to purchase andrehabilitate foreclosed properties, as well...
WASHINGTON, July 1 /PRNewswire/ -- Effects of the global credit crisis are now hitting the market for warehousing and distribution center development, Traffic World magazine reports. In the current print and online (http://www.trafficworld.com/) editions, William Hoffman, associate editor, Logistics and Technology, writes that two of the world's...
WASHINGTON AFP — Bank of America said Tuesday it completed its purchase of Countrywide Financial, the largest US mortgage lender that had been at the center of the country's subprime loan crisis. The deal makes Bank of America the largest US mortgage originator and servicer. In...
WASHINGTON, July 1 /PRNewswire/ -- Effects of the global credit crisis are now hitting the market for warehousing and distribution center development, Traffic World magazine reports. In the current print and online (http://www.trafficworld.com/) editions, William Hoffman, associate editor, Logistics and Technology, writes that two of the world's...
Historic Charleston has survived the American revolution, the Civil War and the earthquake of 1886. By comparison, the mortgage crisis of the past couple of years is a relative blip in time -- and a lot less painful. Home sales have fallen sharply from their highs of 2006...
Articles 2008-07-01
<< Previous
page 1 of 1
Next >>
Premier Vendor Content
Whitepapers, webcasts & resources from our Power Center Sponsors
