Mortgage and Financial News From 2008-1-13 Page 55

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• PLASTIC IS OUR NEXT BIG ISSUE - New York Post

  PLASTIC IS OUR NEXT BIG ISSUENew York Post, NY - 2 hours agoBut unlike a mortgage, a credit card loan is unsecured, so a default leaves the lender with nothing. How bad could it get? In the last real estate recession ...
  2008-01-13 12:30:09

• Daniel McGinn: A silver lining in the mortgage meltdown - Dallas Morning News

  Daniel McGinn: A silver lining in the mortgage meltdownDallas Morning News, TX - 2 hours agoAnd in the early 2000s, the era of easy credit, that impulse was almost impossible to resist. With people constantly coming and going, ...
  2008-01-13 12:40:50

• Peter S. Goodman: Reining in the free market - Dallas Morning News

  Peter S. Goodman: Reining in the free marketDallas Morning News, TX - 2 hours agoThe world confronts problems of staggering complexity and consequence, from a shortage of credit following the mortgage meltdown to the threat of global ...
  2008-01-13 12:40:51

• On solutions, candidates abandon state - Detroit Free Press

  On solutions, candidates abandon stateDetroit Free Press, United States - 1 hour agoGive the Republicans credit, though -- at least they have been here a bit and tried to address our problems. The Democrats stuck to their pledge to avoid ...
  2008-01-13 12:43:55

• Could mortgage problems have been headed off by less greed? - Savannah Morning News

  Could mortgage problems have been headed off by less greed?Savannah Morning News, GA - 1 hour agoThe mistakes banks and brokers made with mortgage-related bonds have left a lingering credit crunch, or a reluctance by lenders to make affordable loans to ...
  2008-01-13 12:59:52

• New Fannie, Freddie fees boost the cost of mortgages - Orlando Sentinel

  New Fannie, Freddie fees boost the cost of mortgagesOrlando Sentinel, FL - 1 hour ago... just because the mortgage market has gone so bad. Other customers will take bigger hits because their credit scores are lower than 680 and they're ...
  2008-01-13 01:18:50

• 'It's going to work out' - Joliet Herald News

  'It's going to work out'Joliet Herald News, IL - 41 minutes agoSome of the people caught in the middle never had a subprime loan and have good credit; they just had the bad luck to have a life or job change in the past ...
  2008-01-13 02:02:13

• Lee Faces Five Big Tasks - Korea Times

  Lee Faces Five Big TasksKorea Times, South Korea - 20 minutes agoSecondly, the report said that the sub-prime mortgage crisis in the United States will hamper the global economic growth and damage Korea's export ...
  2008-01-13 02:22:42

• Countrywide shares soar 52% on news of BofA bid (The Santa Rosa Press Democrat)

  NEW YORK -- Countrywide Financial shares more than doubled Thursday after reports that Bank of America was in discussions to buy the nation's largest mortgage lender.
  2008-01-13 12:33:36

• PLASTIC IS OUR NEXT BIG ISSUE (New York Post)

  NOW that Countrywide Financial has been "rescued" from its death spiral by Bank of America, what's the next big shoe to drop on the sickly stock market of 2008? In a word: plastic. Yes, plastic, the $950 billion world of unsecured borrowing in the...
  2008-01-13 12:35:25

• 1/13/08 Letters to the Editor (Yakima Herald-Republic)

  To the editor -- Our creator set the ratio of day and night to change gradually with the seasons, so why are we still trying to do the patently impossible -- "save" it, that is?
  2008-01-13 01:37:18

• Is U.S. heading for Japan-like troubles? (Asbury Park Press)

  In early 2001, economist Stephen Roach raised a warning flag that enraged many peers: The U.S. risks repeating Japan's mistakes of the 1990s.
  2008-01-13 01:37:38

• 'It's going to work out' (The Herald News)

  JOLIET -- Carolyn Shinault has tried everything to sell her old house.
  2008-01-13 02:24:01

• Briefs (Mohave Valley News)

  NEW YORK (AP) - Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under the weight of a slowing economy.
  2008-01-13 02:27:01

• Investors see red as Blue Chip falters

  Stuff - ... 2004 he had teamed up with former bankrupt Bob Bangerter to form Blue Chip NZ which he floated that July through a reverse ... track record and its performance is principally guaranteed by Mark Bryers, who has offered as security unregistered mortgages ...
  2008-01-12 11:33:00

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