9/1/2008 11:34:00 PM
Upward Revision to U.S. Q2 GDP Due to Exports and Tax Rebates
The strong upward revision to second quarter U.S. GDP was the result of strong exports and the fiscal stimulus package, according to economists who are already looking forward to GDP results from the third quarter. Second-quarter U.S. GDP rose above expectations ...
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9/1/2008 11:33:00 PM
PCE Report Points to Weak Third Quarter, Economists Say
There were few surprises in the Personal Consumption and Expenditure (PCE) report released Friday , though economists say the data all points to weaker third-quarter results. The personal consumption expenditures (PCE) core deflator, the Federal Reserve's ...
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9/1/2008 11:31:00 PM
Most Mortgage Rates Increase During Wild Week in Financial Markets
Mortgage interest rates increased during the week ended March 13, in some cases more than wiping out the substantial declines reported for the week ended March 6. According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage ...
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9/1/2008 11:28:00 PM
Sinking Mortgage Company Gets Lifeline from Lenders
Another closely watched mortgage industry participant has gotten a temporary reprieve as its lenders agree to forbearance for threatened margin calls. Thornburg Mortgage said that five lenders have agreed to a deal where no further margin calls will be made ...
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8/30/2008 1:21:00 AM
Housing fix backfires
A new law was supposed to make it easier for buyers in expensive markets to get affordable loans. Instead, rates are going up for everyone. By Stephen Gandel, Money Magazine senior writer Last Updated: August 27, 2008: 12:29 PM EDT NEW YORK (Money Magazine) ...
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8/30/2008 1:19:00 AM
Unlocking your home equity
More people are using reverse mortgages to finance retirement, but the costs are steep. By Eugenia Levenson , writer-reporter Last Updated: August 27, 2008: 11:01 AM EDT (Fortune Magazine) -- The housing rescue package that Congress scrambled to pass in July ...
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8/30/2008 1:17:00 AM
2 million troubled borrowers avoid foreclosure
The Hope Now coalition reports that it completed a record number of mortgage workouts in July - but that was outpaced by the increasing rate of foreclosures. By Les Christie, CNNMoney.com staff writer Last Updated: August 27, 2008: 2:40 PM EDT NEW YORK (CNNMoney.com) ...
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8/30/2008 1:13:00 AM
Homebuyers turn screws on desperate sellers
It's a buyer's market, and many are trying to take full advantage of it by demanding major home repairs, warranties on home appliances, and even tax rebates. By Les Christie, CNNMoney.com staff writer August 29, 2008: 3:50 AM EDT NEW YORK (CNNMoney.com) ...
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8/29/2008 12:58:00 AM
Joshua Takes Charge of His Debt – and His Life
Here’s a quick note to let you know how I can help you or anyone you might refer to me. Joshua had dug himself into a bad financial hole, spending large amounts of money to keep up a lavish lifestyle he enjoyed – but couldn’t afford. Before ...
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8/29/2008 12:56:00 AM
Chad Puts His Credit History Behind Him
Here’s a quick note to let you know how I can help you or anyone you might refer to me. In the first few years that Chad lived on his own, he racked up a hefty credit card debt and really damaged his credit score. But that was four years ago. He’d ...
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