Mortgage and Financial News From 2008-5-9 Page 01
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Real estate matters - Nashville City Paper
Q: I have two primary homes but would like to buy another. A friend wants to live in one of my primary homes and pay me rent. My question is: How do I structure this in order to deduct taxes/interest on all three homes? I was thinking setting up a ...
2008-05-08 11:43:00 -
Bush may veto housing bills - Northwest Herald
WASHINGTON (AP) - They’re trapped in loans that they can’t afford and saddled with more debt than their homes are worth. Hundreds of thousands of homeowners ensnared in a double-whammy of subprime mortgage rate resets and plummeting house values ...
2008-05-09 04:15:00 -
Maryland Governor O'Malley Launches Ad Campaign to Combat Foreclosures - All American Patriots
Mortgage Late? Don’t Wait! BALTIMORE, MD (May 6, 2008) – Maryland Governor Martin O’Malley, Baltimore City Council President Stephanie Rawlings-Blake, Department of Labor and Licensing Secretary Thomas Perez, Department of Housing and Community ...
2008-05-05 05:56:00 -
Conflict over housing crisis threatens rescue package - Miami Herald
President Bush flanked by House Minority Leader John Boehner, R-Ohio, right, and House Republican Whip Roy Blunt, R-Mo., left, walks from Cross Hall to make a statement, Wednesday, May 7, 2008, after he met with the House Republican Conference in the ...
2008-05-07 02:33:00 -
PRESS DIGEST - Washington Post Business - May 10 - Reuters UK
WASHINGTON, May 10 (Reuters) - The Washington Post included the following items on the front page of its business section on May 10. Reuters has not verified these stories and does not vouch for their accuracy. Since Congress and President George W ...
2008-05-09 08:36:00 -
Citigroup prepares to unload surplus assets - Guardian Unlimited
The new boss of Citigroup, the world's biggest bank, intends to off-load $400bn (£200bn) of unwanted assets but has rejected a radical break-up of the global financial empire. Five months after his appointment to head the troubled institution, chief ...
2008-05-09 06:41:00 -
IBERIABANK Corporation Announces Pulaski Bank & Trust Company ... - Forbes
LITTLE ROCK, Ark., May 9 /PRNewswire-FirstCall/ -- IBERIABANK Corporation (Nasdaq: IBKC), the holding company for Pulaski Bank and Trust Company in Little Rock, Arkansas ("Pulaski"), announced that Pulaski has entered into a Purchase and Assumption ...
2008-05-09 04:32:00 -
Investors Punish AIG - Forbes
The company lost $3.09 per share, irritating investors in the process. AIG closed down 8.8%, or $3.87, to $40.28 in Friday afternoon in New York. on sales of $20.7 billion. Analyst surveyed by Thomson Financial had expected an earnings loss of 76 ...
2008-05-09 03:28:00 -
US CREDIT-AIG spreads to widen as mortgage losses drag on - Reuters
NEW YORK, May 9 (Reuters) - American International Group's (AIG.N: Quote , Profile , Research ) credit spreads are likely to widen further after the world's largest insurer suffered a record loss in the first quarter and warned that the market for ...
2008-05-09 02:02:00 -
Ben Bernanke - Time
After the long, eventful reign of Alan Greenspan at the U.S. Federal Reserve, his successor Ben Bernanke promised a duller, more predictable tenure when he took charge in February 2006. Then history intervened, in the form of the subprime-mortgage ...
2008-05-09 03:39:00 -
Citigroup to shed $400B of assets (Philippine Daily Inquirer)
NEW YORK—Citigroup Inc. said Friday it planned to shed $400 billion of assets in three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.
2008-05-09 07:01:07 -
Augusta: Repossession firms see economy's stark reality (Bangor Daily News)
AUGUSTA, Maine - While mortgage foreclosures have drawn a lot of attention lately, the economic downturn also is affecting thousands of Mainers in another way: Their cars, trucks, snowmobiles, motorcycles, lobster boats and many other items are being repossessed in increasing numbers.
2008-05-09 07:51:15 -
SoCal developer pleads guilty to mortgage fraud scheme (San Francisco Chronicle)
A real estate developer pleaded guilty Friday to a mortgage fraud scheme that involved buying houses in some of Southern California's most ritzy neighborhoods and selling them to fake buyers at inflated prices. Charles Elliott Fitzgerald, 47, pleaded guilty...
2008-05-09 08:10:11 -
The Nielsen Company Announces Keynotes for Consumer 360 Conference (The Gourmet Retailer)
The Nielsen Company announced the lineup of keynote speakers for its annual Consumer 360 conference, taking place June 3-5 at the JW Marriott Desert Ridge Resort & Spa in Phoenix.
2008-05-09 08:10:42 -
Credit market worries push stocks sharply lower (The Kansas City Star)
Wall Street ended the week with a decline as investors grappled with two big threats to the economy: fallout from turmoil in the credit market and surging energy prices.
2008-05-09 08:24:20