Economist: U.S. recovery likely to start in Q2 of 2009, may take long - Xinhua News Agency

HONG KONG, Oct. 22 (Xinhua) -- The United States economy is entering a sharp but short recession, expecting a sub-par growth in the fourth quarter this year and the first quarter of 2009, while the recovery thereafter will be longer, said Glenn ...

U.S. mortgage applications fall 16.6 pct - Reuters

NEW YORK, Oct 22 (Reuters) - Demand for applications to buy homes and refinance mortgages sank 16.6 percent last week, a trade group said on Wednesday, in the heart of a financial crisis that has sapped consumer confidence. The Mortgage Bankers ...

Low marks for Paulson, bailout - CNN Money

NEW YORK (CNNMoney.com) -- A majority of Americans aren't happy with the way Treasury Secretary Henry Paulson is handling his job or with the financial rescue package he and Congress created, according to a poll released Wednesday. Of 1,058 people ...

Lenders help more homeowners - Montgomery Advertiser

The deep economic crisis has more lenders willing to change mortgages or repayment schedules for homeowners at risk of default to stem their potential losses from foreclosures. More than 3 million U.S. homeowners have received -- or are expected to ...

Both parties should lose in this election - AZCentral.com

The anchor of this election season has been a fairly fixed sentiment among the electorate that they have had enough of George Bush and Republican rule. That, in and of itself, doesn't determine the outcome. Candidate races come down to: Compared with ...

Could your financial life be under a microscope? - Houston Chronicle

Brenda Jerez hardly seems like the kind of person lenders would fight over. Three years ago, she became ill with cancer, and ran up $50,000 on her credit cards after she was forced to leave her accounting job. She filed for bankruptcy protection last ...

"Under water" mortgages a growing threat to U.S. - International Herald Tribune

Long before she filed for bankruptcy, Ann Neukomm was "under water" -- she owed more on her mortgage than her house was worth -- a situation more and more Americans are finding themselves in. As the financial crisis hits Main Street America, nearly ...

Nation moving toward socialism - Montgomery Advertiser

What happens to those of us who pay our bills, have never missed a payment on our fixed-rate mortgage and don't have credit card debts? Our country has become the land of the giveaway and the bailout for everyone who can't manage their finances. John ...

Mortgages can turn 'upside down' - News-Democrat

CHICAGO -- Joey Goldner always approached real estate with a gardener's zeal. He'd plant his money in a building, patiently care for it and watch its worth grow. For 30 years, it was a brilliant avocation -- right up until the heavy thud of the ...

Homes values dip below mortgages - Times-Argus

CHICAGO — Joey Goldner always approached real estate with a gardener's zeal. He'd plant his money in a building, patiently care for it and watch its worth grow. For 30 years, it was a brilliant avocation — right up until the heavy thud of the ...

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