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Saturday, October 11, 2008

Foreclosure workshop may help save homes (Arizona Daily Star)	Sat, 11 Oct 2008 07:10:09 GMT
Every month, it seems, the news about subprime mortages and foreclosures gets worse. Sometimes it's easy to overlook that some organizations are taking steps to help people stay in their homes. more...

Pa. AG says settlement over subprime mortages near (AP via Yahoo! Finance)	Thu, 09 Oct 2008 21:02:41 GMT
The Pennsylvania Attorney General's Office says ongoing negotiations over Countrywide Financial's subprime mortgages could lead to cash payments or other relief for thousands of customers in the state. more...

Wachovia sued over Fannie Mae securities (BizJournals)	Fri, 10 Oct 2008 00:08:53 GMT
The bad news from bad mortages just doesn’t seem to stop for Wachovia Corp. (WB) (C) (WFC) more...

Spanish bank fund will acquire only top-rated mortages: official (AFP via Yahoo! News)	Wed, 08 Oct 2008 17:32:57 GMT
Spain's new 30-billion-euro bank rescue fund is aimed at acquiring top-rated mortgages in exchange for injecting essential liquidity into the credit market, a government spokesman said Wednesday. more...

Spanish bank fund will acquire only top-rated mortages: official (TODAYonline)	Wed, 08 Oct 2008 17:58:38 GMT
Spanish Prime Minister Jose Luis Rodriguez Zapatero speaks at a press conference on the global financial crisis at the Moncloa Palace in Madrid on October 7, 2008 in Madrid. more...

Banks trim prime rate as Ottawa offers mortgage relief (CTV British Columbia)	Fri, 10 Oct 2008 15:28:46 GMT
Canada's big banks are lowering their prime lending rates in response to an announcement Friday that the federal government will buy $25 billion worth of mortgage debt to help free up credit markets. more...

F&M Bank donating building to Blue Ryno Foundation (The Hannibal Courier-Post)	Fri, 10 Oct 2008 11:06:50 GMT
Ronda Oswalt, director of the Blue Ryno Foundation, stands in front of the former MCM Savings Bank building in downtown Hannibal Thursday morning. The building is being donated to the foundation by F&M Bank. more...

Foreclosure Facts for Lafayette (KATC 3 Lafayette)	Thu, 09 Oct 2008 23:23:44 GMT
"People here in Lafayette did not take part in the type of loans popular in other parts of the country," says Mortgage Broker Louise Logan. That's one reason why Lafayette's economy stays relatively stable, more...

Full extent of financial crisis still not known, Purdue expert says (PhysOrg)	Thu, 09 Oct 2008 21:37:02 GMT
(PhysOrg.com) -- The depth of the current financial crisis is unknown partly because most financial institutions don't disclose they are in trouble until after the fact, a Purdue University expert says. more...

On the verge of election coverage barrage (Waconia Patriot)	Thu, 09 Oct 2008 11:41:16 GMT
You’ve seen the negative ads. You’ve heard about the skits on Saturday Night Live. You’ve seen posturing, politicking and propaganda. And if you’re like the rest of America, you’re already worn down. more...