Stocks Surge Amid Report Of Plan To House Bad Debt (WCCO Minneapolis - St. Paul)
Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up more than 400 points following a report that the federal government might create an entity to absorb banks’ bad debt. The report also cooled investors’ fervor for safe investments like government debt that were in demand for much of the day.

CREDIT CRIMP UNLIKELY DUE TO BANKS’ BAD LOANS
The proliferation of bad real estate loans plaguing New England banks is unlikely to result in a general clampdown on credit that might push the region toward recession, according to several bank economists and other observers. Although banks are rapidly rediscovering fiscal conservatism on loans

Publication: The Boston Globe

Big bailout: Where things stand - CNNMoney.com

Aljazeera.net

Big bailout: Where things stand CNNMoney.com - 7 hours ago The cost: While the proposal calls for the purchase of as much as $700 billion of bad loans, it's unknown what taxpayers will ultimately pay for the bailout … Video: Bush: Economy at 'A Pivotal Moment' AssociatedPress Treasury Seeks Authority to Buy Mortgages Unchecked by Courts Bloomberg US Congress gets $700 bln financial bailout plan Swissinfo CNN - Forbes all 1,270 news articles

White House lays out radical financial bailout plan (Chicago Tribune)
Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag — a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions.

US Treasury takes on the house in high-stakes game - guardian.co.uk

Council on Foreign Relations

US Treasury takes on the house in high-stakes game guardian.co.uk, UK - 7 hours ago They then tightened the supply of credit to American homes, in a desperate attempt to repair their balance sheets, pushing house prices down still further. … Painful lessons as US credit crisis lurches Toronto Star Henry Paulson buries US toxic debt Times Online Massive bailout for Wall Street Independent Chicago Tribune - Times Online all 320 news articles

US authorities study plan to rid banks of bad assets (AFP via Yahoo! News)
US officials from the Treasury, Federal Reserve and Congress met Thursday to discuss a “comprehensive approach” to rid financial institutions of bad assets at the root of the current credit crisis, Treasury Secretary Henry Paulson said.

Realty Q&A: How to get a U.S. mortgage without a U.S. credit record (Market Watch)
I am living in Ohio, having recently shifted to the U.S., and am employed at a  university hospital. I want to get a mortgage to buy a house, but I have no credit history in this country. Can you tell me how I can get loan?

10 things you should know - Straits Times

CEP News

10 things you should know Straits Times, Singapore - 5 hours ago The hope is that by helping banks get rid of bad mortgage debt, the government can avert a total meltdown of stock and credit markets around the world and … The pain on Main Street CNNMoney.com all 201 news articles

But Struggle Looms Over Details - Wall Street Journal

Wall Street Journal

But Struggle Looms Over Details Wall Street Journal - 5 hours ago The crisis has worsened over the past two weeks as credit downgrades, bad investments and falling stock prices have felled financial institutions such as … Feds respond to financial crisis with massive intervention San Jose Mercury News Obama and McCain Are Slow Off the Mark on Financial Crisis U.S. News & World Report Feds to pick up bad mortgages Inman.com Bangkok Post - MSNBC all 628 news articles

Tags: business, house, video

Bad Credit Personal Loans: Settles Down Your Life - Best Syndication

Best Syndication

Bad Credit Personal Loans: Settles Down Your Life Best Syndication, CA - 12 hours ago Bad credit personal loans give you a chance of doing anything. You can go out for a luxury holiday trip, buy a car, modify or improve your home, …

Q&A about mortgage giants Fannie Mae, Freddie Mac - Los Angeles Times

Center For American Progress

Q&A about mortgage giants Fannie Mae, Freddie Mac Los Angeles Times, CA - Sep 8, 2008 As more of the loans they had backed went bad, they were no longer able to raise money from private sources. If the government hadn't stepped in, … Drano it's not MarketWatch Intervention May Create New Problems Wheeling Intelligencer The Tuesday Ten: Fannie and Freddie Fallout The Emory Wheel The Tennessean - New York Times all 110 news articles

Paulson's plan: So far, so good - CNNMoney.com

Washington Post

Paulson's plan: So far, so good CNNMoney.com - 11 hours ago Banks stuffed with bad loans remain unwilling to extend credit, and joblessness is on the rise. The US has lost private-sector jobs in each of the past … Video: Paulson:'We Had No Choice' CBS Foreign banks forced Fannie rescue The Australian Ka-boom! It's a Fan & Fred shot worth $200 billion Houston Chronicle Contra Costa Times - Telegraph.co.uk all 3,670 news articles

takeover may not change home prices much - San Francisco Chronicle

BBC News

takeover may not change home prices much San Francisco Chronicle,  USA - 17 hours ago (09-08) 18:23 PDT SAN FRANCISCO — The government's seizure of mortgage giants Fannie Mae and Freddie Mac on Sunday might ease home loan rates, … Video: Investors, Industry Pleased With Govt. Takeover AssociatedPress Mortgage industry welcomes federal fix Arizona Republic Comment by Mark Goldman Real Estate Lecturer, San Diego State University Atlanta Journal Constitution - AFP all 5,384 news articles

White House credit union has high rate of bad loans
WASHINGTON — The White House Federal Credit Union has a bad-loan record worse than 83 percent of similar institutions, which could prove embarrassing in light of President Bush’s criticism of congressmen who overdrew their accounts at the House Bank. According to a report released yesterday under

Publication: The Boston Globe

Loans grow harder to get: Subprime lenders’ woes bad news for those without good credit, experts say.
Byline: Sara Kennedy Apr. 12–MANATEE — With so many subprime lenders going bankrupt or closing, it’s become harder to get loans for those with less-than-perfect credit, local mortgage brokers say. They still have options but it’s a little harder to place the loans, they may have to come up with

Publication: Bradenton Herald (Bradenton, FL)

Tags: student, financing, branding

takeover may not change home prices much - San Francisco Chronicle

Wall Street Journal

takeover may not change home prices much San Francisco Chronicle,  USA - 5 hours ago (09-08) 18:23 PDT SAN FRANCISCO — The government's seizure of mortgage giants Fannie Mae and Freddie Mac on Sunday might ease home loan rates, … Video: CEO Praises Bailout Of Mortgage Giants kcratv Mortgage industry welcomes federal fix Arizona Republic Q&A about mortgage giants Fannie Mae, Freddie Mac Los Angeles Times AFP - The Australian all 8,812 news articles

Read the fine print to avoid credit card woes - Economic Times

Read the fine print to avoid credit card woes Economic Times, India - 1 hour ago As big banks continue to post multimillion-dollar writedowns to cover mortgage loan losses and other bad investments, credit-card holders are increasingly …

Expect a long, costly convalescence - Globe and Mail

BBC News

Expect a long, costly convalescence Globe and Mail, Canada - 13 hours ago Don't be shocked if President Obama or President McCain sets up a taxpayer-funded corporation to absorb billions of dollars worth of bad loans. … Drano it's not MarketWatch Freddie, Fannie: Fuel for the bank stock rally CNNMoney.com Fannie and Freddie: US Government Takes Control Seeking Alpha Wilkes Barre Times-Leader - Times Online all 155 news articles

White House credit union has high rate of bad loans
WASHINGTON — The White House Federal Credit Union has a bad-loan record worse than 83 percent of similar institutions, which could prove embarrassing in light of President Bush’s criticism of congressmen who overdrew their accounts at the House Bank. According to a report released yesterday under

Publication: The Boston Globe

Plastic Surgery Loans For bad credit people - Search By Headlines (press release)

Plastic Surgery Loans For bad credit people Search By Headlines (press release), NV - 23 hours ago The entry of online lenders in the financial market has overshadowed all the shortcomings that existed when only traditional lenders were there bad credit …

Bad credit history can undermine loan attempt
A poor credit record is like a pit of quicksand. Climbing out is possible, but requires determination and ingenuity. Depending on the borrower’s situation, a lender’s response to mortgage hunters with a history of credit problems can be anything from a slammed door to a long conversation that

Publication: Chicago Sun-Times

ELECTRONIC INVESTOR - Barron’s

ELECTRONIC INVESTOR Barron’s - Sep 7, 2008 "It doesn't matter whether you have bad credit or good credit; everyone is being painted with the same subprime brush," says FirstAgain president and …

Buyers with shakiest credit get worst loans
Here’s a recipe for unhappy home ownership: Get a mortgage with an interest rate of 10.5 percent or more. Find out the mortgage has a pre-payment penalty, meaning that if you refinance you’ll have to pay a hefty fee. Have such a shaky financial situation that you’re not sure how you’ll make the

Publication: Chicago Sun-Times

Fannie-Freddie takeover: so far, so good - CNNMoney.com

Irish Independent

Fannie-Freddie takeover: so far, so good CNNMoney.com - 4 hours ago Banks stuffed with bad loans remain unwilling to extend credit, and joblessness is on the rise. The US has lost private-sector jobs in each of the past … 'Frannie' bailout heavy with irony The Age The ABCs of GSEs and SOEs Asia Times Online Debt Deflation Turning Economic Democracy Into a Financial Oligarchy The Market Oracle New York Magazine - RGE Monitor all 470 news articles

A fifth of home loans head for negative equity - guardian.co.uk

A fifth of home loans head for negative equity guardian.co.uk, UK - Sep 6, 2008 That is before losses on other parts of their loan books, such as personal and corporate loans and credit cards, where bad debts are also rising. …

Loans grow harder to get: Subprime lenders’ woes bad news for those without good credit, experts say.
Byline: Sara Kennedy Apr. 12–MANATEE — With so many subprime lenders going bankrupt or closing, it’s become harder to get loans for those with less-than-perfect credit, local mortgage brokers say. They still have options but it’s a little harder to place the loans, they may have to come up with

Publication: Bradenton Herald (Bradenton, FL)

Tags: music, video, credit

Expect a long, costly convalescence - Globe and Mail

New York Times

Expect a long, costly convalescence Globe and Mail, Canada - 8 hours ago Don't be shocked if President Obama or President McCain sets up a taxpayer-funded corporation to absorb billions of dollars worth of bad loans. … Freddie, Fannie: Fuel for the bank stock rally CNNMoney.com Alistair Darling must follow US lead Times Online Tuesday Newspaper Review - Irish Business News and International … FinFacts Ireland OpEdNews - RightSide Advisors all 420 news articles

White House downplays credit union loan defaults
WASHINGTON The White House on Wednesday sought to control political damage over an embarrassing disclosure that White House employees rang up $304,000 in loan losses at their credit union in the three years since President Bush took office. In a long, boisterous media briefing, spokesman Marlin

Publication: Chicago Sun-Times

U.S. Takeover Of Fannie, Freddie Still Doesn’t End Troubled Saga (Investor’s Business Daily via Yahoo! News)
No, the government didn’t nationalize Fannie Mae and Freddie Mac, as some critics have suggested. It just bought back a very big mistake — at pennies on the dollar.

9% of U.S. mortgages in distress (San Diego Union-Tribune)
WASHINGTON – The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.

Buyers with shakiest credit get worst loans
Here’s a recipe for unhappy home ownership: Get a mortgage with an interest rate of 10.5 percent or more. Find out the mortgage has a pre-payment penalty, meaning that if you refinance you’ll have to pay a hefty fee. Have such a shaky financial situation that you’re not sure how you’ll make the

Publication: Chicago Sun-Times

Plastic Surgery Loans For bad credit people - Search By Headlines (press release)

Plastic Surgery Loans For bad credit people Search By Headlines (press release), NV - 18 hours ago The entry of online lenders in the financial market has overshadowed all the shortcomings that existed when only traditional lenders were there bad credit …

HSBC losses widen in U.S. credit market Bank sets aside $3.4 billion for bad loans
Julia Werdigier The New York Times Media Group International Herald Tribune 11-15-2007 HSBC losses widen in U.S. credit market Bank sets aside $3.4 billion for bad loans Byline: Julia Werdigier The New York Times Media Group Edition: 5 Section: FINANCE/BUSINESS LONDON — HSBC Holdings warned

Publication: International Herald Tribune

CNN Student News Transcript: September 9, 2008 (CNN.com)
September 9, 2008

UPDATE: Bailout Brings Lower Mortgage Rates, But Not Housing Rebound - CNNMoney.com

AFP

UPDATE: Bailout Brings Lower Mortgage Rates, But Not Housing Rebound CNNMoney.com - 22 hours ago Any relaxation of lending standards could boost housing in the short-term, but taxpayers would be left holding the bag if the loans go bad. … Takeover of Fannie, Freddie expected to have mild impact on Dallas … Dallas Morning News World stocks soar on US mortgage bailout AFP all 65 news articles

Q&A about mortgage giants Fannie Mae, Freddie Mac - Los Angeles Times

Aljazeera.net

Q&A about mortgage giants Fannie Mae, Freddie Mac Los Angeles Times, CA - 17 hours ago As more of the loans they had backed went bad, they were no longer able to raise money from private sources. If the government hadn't stepped in, … Feds take control of Fannie Mae, Freddie Mac San Francisco Chronicle The Tuesday Ten: Fannie and Freddie Fallout The Emory Wheel Financial Stocks: Is It Safe Yet? BusinessWeek The Tennessean - New York Times all 127 news articles

Tags: student, music, financing

US Auto Industry Prepares For Congressional Push On Loan Plan - CNNMoney.com

NECN

US Auto Industry Prepares For Congressional Push On Loan Plan CNNMoney.com - 7 hours ago But mounting debt, a steep decline in sales and tightened credit markets have crippled the ability of the Big Three to obtain loans at reasonable rates. … Auto Executives to Seek Government Help Wall Street Journal Big Three seek undeserved bailout Charleston Post Courier all 236 news articles

Anatomy of a bank failure: Why Integrity fell - Atlanta Journal Constitution

Times Online

Anatomy of a bank failure: Why Integrity fell Atlanta Journal Constitution,  USA - 7 hours ago … estate developers and home builders that went bad along with sinking house prices. Residential and commercial development loans made up about 80 percent … Silver State Bank in Nevada is shut The Associated Press all 377 news articles

WEATHER FOR STROUDSBURG: (Pocono Record)
Top auto executives including General Motors Corp. Chief Executive Rick Wagoner will launch a lobbying push this week for billions in government loans to help beleaguered auto makers and their suppliers.

Most U.S. stocks rise on Fannie, Freddie bailout (MarketWatch via Yahoo! Finance)
U.S. stocks rise, rallying after the government’s weekend seizure of mortgage giants Fannie Mae and Freddie Mac, but initial gains are tempered.

U.S. Takeover Of Fannie, Freddie Still Doesn’t End Troubled Saga (Investor’s Business Daily via Yahoo! News)
No, the government didn’t nationalize Fannie Mae and Freddie Mac, as some critics have suggested. It just bought back a very big mistake — at pennies on the dollar.

ELECTRONIC INVESTOR - Barron’s

ELECTRONIC INVESTOR Barron’s - Sep 7, 2008 "It doesn't matter whether you have bad credit or good credit; everyone is being painted with the same subprime brush," says FirstAgain president and …

WaMu Placed on Probation - Wall Street Journal

Wall Street Journal

WaMu Placed on Probation Wall Street Journal - 11 hours ago WaMu also has $62 billion in home equity loans, another area suffering from high delinquencies, and it faces additional pressures in credit card lending, … WaMu's woes claim CEO Killinger Seattle Post Intelligencer Washington Mutual removes CEO Kerry Killinger Houston Chronicle Comment by Christopher Whalen Managing Director, Institutional Risk Analytics Bloomberg - Bloomberg all 629 news articles

Buyers with shakiest credit get worst loans
Here’s a recipe for unhappy home ownership: Get a mortgage with an interest rate of 10.5 percent or more. Find out the mortgage has a pre-payment penalty, meaning that if you refinance you’ll have to pay a hefty fee. Have such a shaky financial situation that you’re not sure how you’ll make the

Publication: Chicago Sun-Times

CNN Student News Transcript: September 9, 2008 (CNN.com)
September 9, 2008

9% of U.S. mortgages in distress (San Diego Union-Tribune)
WASHINGTON – The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.

Pearlstein: Government Takes Control of Fannie Mae and Freddie Mac (Washington Post)
Washington Post columnist Steven Pearlstein will be online to discuss the federal bailout plan for the mortgage finance giants.

State governments keep watch on take over of Freddie Mac and Fannie Mae (WKTV Utica)
The federal government has thrown a lifeline to housing giants Freddie Mac and Fannie Mae, but have not said what that bailout will cost. The White House is calling it the “right move at the right time” to avoid a major housing collapse. Freddie Mac and Fannie Mae owned or backed more than 2/3 of the nation’s home loans, and they’ve lost $14 billion in the last year alone.

Tags: sad, branding, bank