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- WASHINGTON (AP) -- President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks, saying the drastic steps were "not intended to take over the free market but to preserve it." Bush, in ...
- The number and value of home loans are at their lowest levels since current records began, according to the Council of Mortgage Lenders (CML). The number of loans granted for house purchases in August fell to 42,000 - some 59% lower than the same ...
- Oct. 14 (Bloomberg) -- German investor confidence dropped for the first time in three months in October, to near a record low, as the global credit crisis threatened to tip Europe into a recession. The ZEW Center for European Economic Research said ...
- Oct. 14 (Bloomberg) -- German investor confidence dropped for the first time in three months in October as the global credit crisis threatened to tip Europe into a recession. The ZEW Center for European Economic Research said its index of investor ...
- Corporate borrowers may see a loosening of credit markets if the Bush Administration's plan to buy an equity stake in at least nine private banks works as expected. In a press conference Tuesday morning, Treasury Secretary Henry Paulson described ...
- Oct. 13 (Bloomberg) -- Banco Santander SA , Spain's biggest lender, agreed to acquire Sovereign Bancorp Inc., the largest surviving U.S. savings and loan, in a stock swap valued at $1.9 billion. Santander will offer Sovereign's stockholders 0.2924 ...
- Oct. 13 (Bloomberg) -- Fannie Mae and Freddie Mac are ready to start purchasing $40 billion a month of underperforming mortgages and bonds as the U.S. government expands its options to remove troubled assets from the slumping financial markets ...
- Oct. 13 (Bloomberg) -- The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up government efforts to restore confidence and helping to drive down money-market rates. The ECB , the Bank of ...
- NEW YORK (CNNMoney.com) -- More light was shed on the Treasury's $700 billion rescue plan Monday, but many questions still remain. In a conference of the Institute of International Bankers, top Treasury official Neel Kashkari outlined the government ...
- Oct. 13 (Bloomberg) -- Neel Kashkari , the U.S. Treasury official overseeing the $700 billion rescue of the financial system, said government equity injections will be aimed at ``healthy'' firms. ``We are designing a standardized program to purchase ...
- NEW YORK (AP) -- Wall Street headed for huge rebound Monday with the Dow Jones industrial average futures up 348, or 4.2 percent, to 8,718. Standard & Poor's 500 index futures rose 42.90, or 4.81 percent, to 933.90. Nasdaq 100 index futures rose 56 ...
- WASHINGTON (AP) -- With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running. And Europe's central banks began to take unified ...
- WASHINGTON (AP) -- With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running, as Europe's central banks began Monday to take ...
- Oct. 13 (Bloomberg) -- Royal Bank of Scotland Group Plc , the second-biggest U.K. bank before shares collapsed last week, ousted its chief executive and turned over control to the government in exchange for a 20 billion-pound ($34 billion) lifeline ...
- PARIS - British and European leaders took unprecedented steps here late Sunday to try to halt a galloping financial crisis in its tracks, announcing aggressive action to take big stakes in banks and guarantee lending between banks. European Union ...
- Geraghty carves up the latest Newsweek poll , which has Obama up by 11. ... Newsweek 's findings that McCain is doing better among young people than old people, and better among women than men , seem especially strange. A party breakdown of 40 Dems ...
- Oct. 13 (Bloomberg) -- After a four-year spending spree, Icelanders are flooding the supermarkets one last time, stocking up on food as the collapse of the banking system threatens to cut the island off from imports. ``We have had crazy days for a ...
- Financial institution closings and CEOs leaving with "golden parachutes." Questionable loan practices. Panic on Wall Street and worries on Main Street. Finally, a financial bailout. Sounds like recent headlines out of newspapers and in the general ...
- Planning for a Coral Springs home purchase is one way to ensure its success. Majority of homebuyers today delve into the project without thinking about the details in advance, ending up with a home that is below their expectations. It is necessary ...
- Oct. 13 (Bloomberg) -- Royal Bank of Scotland Group Plc , the second-biggest U.K. bank before shares collapsed last week, ousted its chief executive and turned over control to the government in exchange for a 20 billion-pound ($34 billion) lifeline ...
Need help with a Home Purchase Loan in District of Columbia? Contact an expert loan concierge about your District of Columbia Home Purchase Loan now.
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