Highlights
A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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Many South Florida owners taking losses to sell homes
South Florida Sun-SentinelSouth Florida is seeing a big jump in the number of homeowners who are selling their properties for less than they paid, highlighting the magnitude of the region's historic housing slump. During the first half of this year, 23 percent of sellers in...Tags: Foreclosures, Real Estate Buyers, Parkland, Banking, Moody's Corporation
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Resolving shortcomings of the IRS
Nina E. Olson, the official appointed to speak out on behalf of U.S. taxpayers, has a few major gripes about the Internal Revenue Service. Among them, she believes the agency needs to better protect victims of tax-related identity theft and should get...Tags: Internal Revenue Service, Foreclosures, Virginia, Government, Interior Policy
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Is Fed Chief's Grip Correct?
Associated PressThrust into the role of financial firefighter, Federal Reserve Chairman Ben Bernanke has taken unprecedented steps over the past year to battle the nation's worst credit and financial crises in decades. For many, the verdict is still out on whether he...Tags: Financial Markets, Federal Reserve, Elections, Central Bank, Mortgages
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More houses return to lender
Chicago Tribune reporterThe number of vacant eyesore homes in your neighborhood could be on the rise. The reason: At auctions, the last legal step in the home foreclosure process, a growing share are ending up back in the laps of lenders instead of sold to third-party...Tags: Foreclosures, Real Estate Buyers, Mortgages, Auction Service, Homes
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Mining the wealth of home-buying information
ellen.yan@newsday.comFor buyers and sellers alike, the cornucopia of housing and mortgage reports released regularly from the industry groups can be overwhelming. Experts caution that such information should only be used as a guide when deciding whether the time is right...Tags: Credit Ratings, Auction Service, Sales, Property
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IndyMac borrowers offered fixed rates
From wire reportsThousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail. Most...Tags: Mortgages, Pasadena (Los Angeles, California)
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FDIC to modify IndyMac loans
Los Angeles Times Staff WriterThe regulators operating failed IndyMac Bank said Wednesday that they would try to modify about 25,000 troubled mortgages by slashing interest rates to as low as 3% for five years, extending payments over 40 years and in some cases charging interest on...Tags: Mortgages, Homes, Fannie Mae, Freddie Mac, Money and Monetary Policy
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State blocks license of Hellertown mortgager
Of The Morning CallThe Pennsylvania Banking Department said Wednesday it refused to renew the licenses of a Hellertown mortgage brokerage, claiming its officers ignored allegedly falsified loan applications between 2002 and 2006. The department decided against renewing the...Tags: Foreclosures, Mortgages, Stock Broking, Hellertown, Pennsylvania
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Small-cap fund's size a concern
Q: I am a T. Rowe Price investor and am considering its T. Rowe Price Small-Cap Value Fund, which has been down. What do you think? F.L., via the Internet A: It is a diversified fund that holds quality stocks for the long haul. With nearly 300 stock...Tags: Real Estate Buyers, Bedford (Bedford, Virginia), Morningstar Incorporated, Genesee & Wyoming Incorporated, Penn Virginia Corporation
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Roc-A-Fella founder Damon Dash's homes in foreclosure
The Associated PressRoc-A-Fella Records company co-founder Damon Dash and his wife are in jeopardy of losing two of their Manhattan apartments after apparently failing to pay their hefty mortgages. The bank holding the mortgages says in a court filing Dash and Rachel Roy...Tags: Foreclosures, Manhattan (New York City)
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Home Depot hammered by housing market
The Home Depot Inc. said Tuesday that its second-quarter profit sank 24 percent and reiterated its downbeat outlook for the year amid a weak housing market that shows no signs of recovery. For the three months ending Aug. 3, the nation's largest home...Tags: House and Home, Wachovia Corp., Mortgages, Home Depot Incorporated, Fannie Mae
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Consumers feel fallout from Fannie Mae, Freddie Mac
The Associated PressJeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify...Tags: Credit Ratings, Mortgages, Freddie Mac, Fannie Mae
Aug 21, 2008
|Story| South Florida Sun-Sentinel
Aug 21, 2008
|Story| Hampton Roads Daily Press
Aug 21, 2008
|Story| Associated Press
Aug 21, 2008
|Story| Chicago Tribune
Aug 21, 2008
|Story| Newsday
Aug 21, 2008
|Story| Baltimore Sun
Aug 21, 2008
|Story| Los Angeles Times
Aug 21, 2008
|Story| Allentown Morning Call
Aug 21, 2008
|Story| Chicago Tribune
Aug 19, 2008
|Story| Associated Press
Aug 20, 2008
|Story| Orlando Sentinel
Aug 20, 2008
|Story| South Florida Sun-Sentinel
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