Mortgage and Financial News From 2008-2-17 Page 16
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N.Rock rescue task falls to troubleshooter Sandler - Guardian Unlimited
N.Rock rescue task falls to troubleshooter SandlerGuardian Unlimited, UK - 18 minutes ago... Consulting Group, in London and California. He subsequently became CEO of money broker Exco, leading its flotation in 1994. (Editing by Maureen Bavdek)
2008-02-17 11:21:22 -
Hanson denies killing family (The Naperville Sun)
Quadruple murder suspect Eric Hanson had to know he would be subject to tough questioning when he took the stand in his own defense. But despite repeated and often aggressive questions from DuPage County Assistant State's Attorney Bob Berlin, Hanson never wavered from his original stance that he had nothing to do with the deaths of four family members.
2008-02-17 02:02:16 -
Laney Center’s dedication today 02-17-2008 (Plainview Daily Herald)
Though more than 120 donors contributed at least $1,000 toward the building fund, six major gifts have propelled the project. Special naming opportunities were provided for the most generous gifts, and special signs inside and outside the facility will mark the legacy those donors leave.
2008-02-17 04:00:55 -
County sees huge spike in foreclosures (The Flint Journal)
Lingering joblessness and a rash of questionable home lending and borrowing practices have produced what one lawmaker calls a "cancer in our neighborhoods."
2008-02-17 05:10:19 -
Northern Rock faces 2,400 job cuts under management's plans (Times Online)
As many as 2,400 jobs could be cut from Northern Rock over the next three years, the troubled bank’s managers said yesterday, as they outlined their plan to rescue the Rock.
2008-02-17 08:48:21 -
N.Rock rescue task falls to troubleshooter Sandler (Reuters via Yahoo! UK & Ireland News)
Ron Sandler rescued the London insurance market from the brink of collapse to forge a reputation as a trouble-shooter, but faces an altogether tougher task to revive Northern Rock and save government credibility.
2008-02-17 11:11:00 -
A boom in bankruptcies
Santa Rosa Press Democrat - Many homeowners put basic living expenses on their credit cards as they funneled everything they had into escalating mortgage payments, Provencher said. Now that the holidays have passed, credit card companies are putting the squeeze to people ...
2008-02-17 09:17:00 -
Lawrence: Vacant foreclosed properties attracting thieves
Eagle-Tribune - Lawrence city officials want to hold accountable the banks and mortgage companies that own the vacant properties. Takvorian and City Council President Patrick Blanchette have been leading the effort to pass a new city ordinance requiring those in ...
2008-02-17 04:17:00 -
County tax liens on rise
Bucks County Courier Times - Of the roughly 10,000 liens the Bucks County Tax Claim Bureau places each year for failure to pay property taxes, Genesio estimates 80 percent are the result of snafus by mortgage companies — and not delinquent taxpayers. It's a problem that Genesio ...
2008-02-17 01:39:00 -
Financial sector loses jobs
Arlington Heights Daily Herald - NEW YORK -- The U.S. financial industry slashed 52,500 jobs in the second half of 2007, revealing the toll of the subprime mortgage debacle on the sector, but New York-based companies hired 1,900 people during the period, a recent report said. The ...
2008-02-16 10:04:00 -
Questions and answers about your tax bill
Tacoma News Tribune - Many are sent to mortgage companies, so taxpayers don’t see them. Others are mailed directly to property owners. Overall, Pierce County residents will pay $963 million in property taxes in 2008, a 4 percent increase over last year’s collective tax ...
2008-02-17 09:46:00 -
Banking on a rescue
New York Daily News - Six of the nation's biggest mortgage companies have announced a crash effort to rescue hundreds of thousands of homeowners on the brink of foreclosure during this economywide credit crisis. They'd better make it work. The Bush administration has its ...
2008-02-17 12:42:00 -
UBS may be left with major stake in Paragon - Hemscott
UBS may be left with major stake in ParagonHemscott, UK - 3 hours ago... Group Of Companies PLC if shareholders prepare to shun a 287 mln stg rescue rights issue for the troubled mortgage lender, The Sunday Times reported. ...
2008-02-17 07:20:37 -
Nightmare on Deregulation Street - The Moderate Voice
Nightmare on Deregulation StreetThe Moderate Voice - 2 hours agoThat has again proved to be catastrophically wrong after banks were deregulated and allowed to dive into the subprime mortgage cesspool, which among other ...
2008-02-17 08:40:32 -
Bond woes delay port's bid for state funds - Daily News - Galveston County
Bond woes delay port's bid for state fundsDaily News - Galveston County, TX - 2 hours agoThe bond insurers had guaranteed billions of dollars worth of mortgage-backed securities that lost value. The port had planned to use Ambac Financial Group ...
2008-02-17 08:44:42
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