Rate cuts offer a psychological boost - Baltimore Sun: Will U.S. consumers benefit at all from the half-percentage-point rate cut by the Federal Reserve and similar reductions by several other countries' central banks? For most people, probably not much, at least for a while. But people with strong ...
The Elephant in the Room: Meltdown has many culprits - Philadelphia Daily News: During the last few weeks, we've seen a bellyful of finger-pointing. But who really caused the financial meltdown? Greedy Wall Street CEOs are the most popular whipping boys. A Wall Street friend told me that what went on there was nothing short of ...
Meltdown 101: Can the Fed’s rate cut help? - Buffalo News: WASHINGTON — Will U. S. consumers benefit from the interest rate cuts announced Wednesday by the Federal Reserve and several other countries’ central banks? For most people, probably not much, at least for a while. But people with strong credit ...
Fed rate cut impact to take awhile - Detroit Free Press: WASHINGTON -- A deep rate cut from the Federal Reserve and other central banks Wednesday will have little immediate impact on consumer borrowing rates, but sends a clear signal that central bankers are working together to quell an intensifying ...
Q&A: Interest rate cuts won't have immediate impact - Nashville Tennessean: Not in the short term, most economists say. The cuts don't directly address the main problem behind the financial meltdown: the reluctance of banks to lend money. But the coordinated rate cuts might deliver a psychological boost to the financial ...
What Fed rate cut aims to do - Seattle Times: In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown. The Fed, desperately trying to ...
Q&A: Who will Fed's rate cut help? - Poughkeepsie Journal: WASHINGTON - Will U.S. consumers benefit from the interest rate cuts announced Wednesday by the Federal Reserve and several other countries' central banks? For most people, probably not much, at least for a while. But people with strong credit could ...
How the Fed interest-rate cut may affect you - Los Angeles Times: The Federal Reserve's cut in its benchmark interest rate Wednesday could put more money in your pocket -- or take some out. Or both. Figuring out how you're affected may be more complicated than usual. Here are questions and answers: If you have ...
A Guide to Mortgage Shopping - ABC News: With all the news about mortgage lenders struggling and borrowers defaulting, it seems like a good time to review some principles about shopping for a mortgage. If you're looking at an adjustable rate loan that is about to go up or if you've got a ...
Rates on 30-year mortgages up slightly - Boston Globe: WASHINGTON - Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month. Freddie Mac , the mortgage company, reported yesterday that 30-year, fixed-rate mortgages averaged 6.10 percent this week, up ...

30-year mortgages rise to 6.10 percent - Boston Globe: WASHINGTON— Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month. Freddie Mac , the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent this week, up ...
UPDATE 3-Wachovia bank in talks to be bought - sources - Guardian Unlimited: NEW YORK, Sept 28 (Reuters) - Wachovia Corp is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to concerns about its portfolio of illiquid mortgage ...
Subprime, Alt-A Mortgage Performance Continues To Decline [Housing ... - Seekingalpha.com: Seeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic. Feel free to post any interesting links on the subject in the comments section below. Speedier Bank Transfers Sought by Fannie ...
Two-way wrestling match for Wachovia - Evening Standard: Citigroup and Wells Fargo were this morning circling US bank Wachovia, but the bidding war between the two is said to be tough with neither prepared to pay much for the struggling lender. Wachovia shares have crashed 80% in the past year and its ...
Federal Regulators Ask Nation's 4th Largest Bank, Wachovia, To Find ... - All Headline News: New York, NY (AHN) - U.S. federal regulators have reportedly asked Wachovia Corp. (NYSE: WB) to sell itself, the bank is the nation's fourth largest by assets, but it is in trouble over loans to developers and homeowners and holds a huge portfolio of ...
Wachovia in trouble - Straits Times: The market value of Wachovia was about US$21.6 billion as of Friday's market close, Reuters data shows. -- PHOTO: REUTERS NEW YORK - WACHOVIA is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the US ...
Wachovia Option-ARM Mortgage Losses May Force Merger (Update2) - Bloomberg: Sept. 29 (Bloomberg) -- Wachovia Corp. , under increasing pressure after shares of the sixth-biggest U.S. bank by assets plunged 47 percent last week, may be forced to seek a buyer or merger partner as losses from mortgage defaults mount. Three days ...
Wachovia Option-ARM Mortgage Losses May Force Merger (Update2) - Bloomberg: Sept. 29 (Bloomberg) -- Wachovia Corp. , under increasing pressure after shares of the sixth-biggest U.S. bank by assets plunged 47 percent last week, may be forced to seek a buyer or merger partner as losses from mortgage defaults mount. Three days ...
CITI & WELLS FARGO DUELING FOR WACHOVIA - New York Post: A bidding war for Wachovia emerged yesterday, with rivals Citigroup and Wells Fargo vying to take over the hobbled banking giant on the cheap. While a deal isn't expected today, the Federal Reserve and Treasury Department have inserted themselves ...
Lending between banks will be a sign bailout is working - Nashville Tennessean: The government's biggest economic bailout since the Great Depression is aimed not at relieving unemployment or reforming questionable business practices, but at resuscitating financial markets debilitated by lousy bets on the housing market. Put ...

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