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Black Friday Probably Was a Red-Ink Day - Barron's OnlineA PUNK ECONOMY DIDN'T STOP CONSUMERS FROM LINING UP on Black Friday to make holiday purchases at bargain prices. But even that shopping spree isn't expected to salvage the month's results. Excluding Wal-Mart Stores (ticker: WMT), retailers are ...
A Mess in the Muni Market - Barron's OnlineTROUBLE IN THE SHORT-TERM MUNICIPAL-BOND market is causing financing headaches for many municipalities around the country, even as their coffers have started to shrink. Any municipality with less than sterling credit potentially faces higher funding ...
American Express: A Creditable Investment - Barron's - Seekingalpha.comAmerican Express ( AXP ), the credit card firm recently approved to be a bank holding company, has seen its shares plummet this year as the credit crisis rages on and the economy grows weaker. The markets may have overreacted, says Barron's Andrew ...
Freddie Asks Treasury for $13.8 Billion After Loss (Update5) - BloombergNov. 14 (Bloomberg) -- Freddie Mac , seized by the government two months ago, asked the Treasury for $13.8 billion after a record quarterly loss caused its net worth to fall below zero. The mortgage-finance company, which had a net worth of negative ...
American Express: Nowhere Near Its Credit Limit - Barron's OnlineTHE CREDIT CRISIS AND THE DEEPENING RECESSION have dealt a double blow to American Express , which has long been viewed as one of the globe's leading financial companies, due to its enviable card business and consistently high returns. AmEx shares ...
A Bad Case of Buyer's Remorse - Barron's OnlineTHE ELECTION OF BARACK OBAMA transfixed the nation and riveted much of the world, but the uplift in the stock market lasted just one session. This raises an interesting question: Just how glum have traders become? Friday's action showed the depth of ...
Explaining a Volatile Week in Stocks - US News and World ReportSo far, it looks like we're holding above 9,000 on the Dow today, although I'll be the first to admit it doesn't mean much before the closing bell given the huge swings we've been seeing this week, especially late in the day. Witness Wednesday: Even ...
Mortgage problems for the self-employed - BusinessWeekAlt-A mortgages were designed for people with good credit who had trouble documenting their income — people like the self-employed. Not as risky as subprime but not quite prime either, Alt-As made some news recently because they’re part of what ...
Academic Views of the Financial Mess - New York Times BlogsWe’ve been bringing you a pretty steady diet of guest bloggers who’ve addressed several different elements of the ongoing financial crisis. These have all been pieces written by economists for lay readers. Here’s a sampling of what economists ...
Golden Gate Estates seeing hundreds of foreclosures thanks to ... - Naples Daily NewsWith its large wooded lots and rural feel, the community is home to many of the county’s working folks. This year, hundreds of residents have lost their homes to banks. From Jan. 1 to Oct. 8, the county had 1,500 final judgments for mortgage ...
Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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