Mortgage and Financial News From 2008-9-13 Page 6

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• Talking America (BBC News)

  Heartbreak in the foreclosure capital of the US
  2008-09-13 03:07:56

• Feds file bilking charge against disbarred W-B lawyer (Times Leader)

  WILKES-BARRE – A disbarred local attorney has been charged by federal authorities with bilking at least four people out of more than $600,000.
  2008-09-13 03:54:53

• Another 30 airlines will go bust before Christmas, warns BA chief as 90,000 XL passengers figure out how to get home (Daily Mail: World News)

  The collapse of the travel giant XL could spell the beginning of the end for cheap package holidays, it was revealed today as the full extent of the human misery emerged. A massive airlift is under way to bring home almost 90,000 people stranded abroad.
  2008-09-13 07:19:38

• Solano fourth in mortgage defaults (The Reporter)

  California cities continue to dominate the list of top metropolitan foreclosure rates in August, with the Vallejo-Fairfield area among the top five, according to figures released this week. California cities accounted for eight of the top 10 metro foreclosure rates out of the 230 metro areas tracked in August, RealtyTrac Inc.
  2008-09-13 07:52:08

• Mortgage rates plunge after Fannie Mae, Freddie Mac bailout - Fort Lauderdale Sun-Sentinel

  Mortgage interest rates plunged below 6 percent, reaching the lowest level in five months, reflecting investors' relief over the government bailout of Fannie Mae and Freddie Mac . "It puts a little more buying power behind those prospective buyers in ...
  2008-09-11 11:51:00

• Midday Buzz: Mortgage rates fall to lowest in five months - Fort Worth Star-Telegram

  What Ike may bring: widespread power outages, flooding Customers become robbers at Fort Worth bar Randy Galloway: A fine Sunday indeed for Tony Romo The further east Ike travels, the less severe weather for DFW Two injured when truck driver suspected ...
  2008-09-11 11:34:00

• This Week's Mortgage Rates - WXIA 11 Alive

  In Monday's consumer and money headlines, Metro Atlanta mortgage rates are at their lowest in months. Fueled by a bailout of Fannie May and Freddie Mac -- which own or guarantee half the nation' s mortgages, Metro Atlanta home mortgage rates are now ...
  2008-09-12 08:44:00

• Flexsteel Announces Fourth Quarter and Fiscal 2008 Operating Results (wallstreet:online AG)

  Flexsteel Industries, Inc. (5808;NASDAQ:FLXS) today reported sales and earnings for its fourth quarter
  2008-09-12 02:28:12

• City reviews TIF districts (Indianapolis Business Journal)

  Former Mayor Bart Peterson often called Fall Creek Place his signature achievement. To rebuild an urban neighborhood once so crime-ridden that residents nicknamed it “Dodge City,” he used a powerful economic development tool called tax increment financing.
  2008-09-12 11:02:28

• Briefcase: September 13, 2008 (South Bend Tribune)

  SOUTH BEND
  2008-09-13 04:07:53

• Sitting Pretty by the Sea (New York Times)

  A 117-acre mixed-use development of houses, condominiums and stores called Arverne by the Sea, on the Rockaway Peninsula along the Atlantic, has been successful in Queens.
  2008-09-13 09:40:45

• Rescue or folly? Analysts debate Fannie-Freddie takeover (TurkishPress.com)

  The rescue of mortgage giants Fannie Mae and Freddie Mac may be a master stroke that averts a global financial calamity, or one of the biggest economic boondoggles in history, analysts say.
  2008-09-13 09:56:27

• EU Ministers Push for More Transparency From Financial Markets (Deutsche Welle)

  The European Union's finance ministers piled pressure on banks and insurance companies to provide greater transparency in the wake of the global financial turmoil.
  2008-09-13 10:08:27

• Erica Jong: NOT THAT STUPID: Erica Jong's Dear John Letter (HuffingtonPost)

  Dear John McCain: We're not that stupid. Sure it would be nice if the women of America believed that everyone with breasts and a vagina...
  2008-09-13 10:46:24

• The growing bite of Medicare Part B (Austin American-Statesman)

  A recent column predicted that seniors would get the largest Social Security benefit increase in 25 years next January — about 6 percent. The column quickly drew fire from older readers. The 6 percent increase, they pointed out, was before the deduction of the hefty Medicare Part B premium. The premium increase, they said, would wipe out much of the benefit increase.
  2008-09-13 11:39:16

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