White House says committed to “Volcker Rule” on trading
White House says committed to “Volcker Rule” on trading
The White House said on Thursday it was still committed to banning risky trading by banks under the so-called “Volcker Rule,” after Federal Reserve chairman Ben Bernanke appeared to pour cold water on the idea.
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U.S. ‘Problem’ Banks Soar, Lending Drops, FDIC Says (Update2)
U.S. ‘Problem’ Banks Soar, Lending Drops, FDIC Says (Update2)
U.S. “problem” banks climbed to the highest level in 17 years, signaling failures may accelerate in 2010, the Federal Deposit Insurance Corp. said. Bank lending had the biggest retreat in more than six decades.
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Categories: mortgage merge Tags: Banks$., Drops, FDIC, Lending, Says, soar, U.S., Update2, ‘Problem’
Arnold Schwarzenegger Says “Worst Is Over” for Recession
Arnold Schwarzenegger Says “Worst Is Over” for Recession
Feb. 21 (Bloomberg) — California Governor Arnold Schwarzenegger said he believes “the worst is over” for the U.S. recession and his state is showing “signs of a comeback.”
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Categories: mortgage merge Tags: Arnold, Over”, recession, Says, Schwarzenegger, “Worst
Targeted Foreclosure Aid Just a Start, U.S. Housing Chief Says
Targeted Foreclosure Aid Just a Start, U.S. Housing Chief Says
U.S. Housing and Urban Development Secretary Shaun Donovan said President Barack Obama’s $1.5 billion foreclosure-prevention initiative targets the housing markets that need it most and additional programs may be created.
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Categories: mortgage merge Tags: Chief, foreclosure, Housing, Just, Says, start, Targeted, U.S.
Calgary home prices will drop, professor says
Calgary home prices will drop, professor says
Housing prices in Calgary will drop because of new federal mortgage rules, a university professor predicts.
Read more on CBC via Yahoo! Canada News
Man says he did no wrong by renting out others’ homes
Man says he did no wrong by renting out others’ homes
Stephen Thomas Bybel had a business idea that would make him a landlord and line his pockets while sprucing up neighborhoods where homes in foreclosure were left to deteriorate and become targets of vandals.Pasco County sheriff’s officials see it another way: He broke into vacant homes, changed the locks and rented out other people’s houses. Bybel was arrested at his house Wednesday and was …
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Saudi Arabia’s Mortgage Law to May Double Market Size, NCB Says
Saudi Arabia’s Mortgage Law to May Double Market Size, NCB Says
Feb. 8 (Bloomberg) — Saudi Arabian property market may double in size by 2015 if a planned mortgage law is put into effect, NCB Capital said. “A timely implementation of the mortgage law would further support a sustained take-off in the real estate space,” chief economist Jarmo Kotilaine said in an e-mailed report today.
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Regulation for all, says top banker
Regulation for all, says top banker
The world’s top central banker, Jaime Caruana, has a message for Australian banks: prepare for tougher rules, whether you like them or not.
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Categories: mortgage merge Tags: Banker, Regulation, Says
CEO says government criticism of corporate travel was “death knell” for hotel industry
CEO says government criticism of corporate travel was “death knell” for hotel industry
Jim Tisch, the leader of Loews Corp., said the U.S. did a “good job of killing” the hotel business by lambasting corporate travel and hurt American International Group Inc.’s ability to return bailout funds by curbing pay.
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Categories: mortgage merge Tags: corporate, criticism, Death, Government, hotel, Industry, knell, Says, travel
Daughter says her mom was swindled out of her home
Daughter says her mom was swindled out of her home
CANYON RIM — A quilt, a crystal, two pictures and some memories are all Josie Thamert has left of her mother.
Read more on Deseret News
Categories: mortgage merge Tags: Daughter, home, Says, swindled