Treasury Weighs Fixes to Foreclosures Program

Treasury Weighs Fixes to Foreclosures Program
The effort to revamp the Making Home Affordable program comes amid growing pressure to do less for banks and more for households.

Now is the Time For a Home Equity Loan

Now is the Time For a Home Equity Loan
Although they may be dreaming of a bigger house or more modern kitchen, with uncertainty still lingering in the economy, many Canadian homeowners are choosing to stay put. But that doesn’t mean they are living with the status quo.

A Downturn Wraps a City in Hesitance

A Downturn Wraps a City in Hesitance
In cities like Portland, Ore., there is a crisis of economic expectations, as the creditworthy choose not to invest.

Uncomfortable Answers to Questions on the Economy

Uncomfortable Answers to Questions on the Economy
Is this a recession? How bad is housing? When will banks revive? Is my job safe? Who’s to blame?

Banks Are Likely to Hold Tight to Bailout Money

Banks Are Likely to Hold Tight to Bailout Money
Merrill Lynch chief executive John A Thain says banks are unlikely to act quickly to deploy new-found capital quickly, as Treasury Department hopes, and unlock flow of credit through economy; analysts say problems that began with home mortgages are migrating to auto, credit card and commercial real estate loans; for every dollar banks earned during industry’s most prosperous years, they have now wiped out $1.06; nine largest banks have written down value of their troubled assets by combined $32…

Does Your Home Equity Determine Your Home Equity Credit Loans?

Does Your Home Equity Determine Your Home Equity Credit Loans?
Today, confusion and agitation define our economy. Everything has been going up in price because of the ever rising gas prices. Given our volatile economy, many homeowners have needed to use the equity built up in their homes through a home equity credit loan.

Worried Banks Sharply Reduce Business Loans

Worried Banks Sharply Reduce Business Loans
Struggling to recover from multibillion-dollar losses, banks are curtailing loans even to healthy businesses.

Auto Industry Feels the Pain of Tight Credit

Auto Industry Feels the Pain of Tight Credit
Squeezed by the credit crunch and the softening economy, the American auto industry faces what may be its worst year in more than a decade.

Pain Spreads as Credit Vise Grows Tighter

Pain Spreads as Credit Vise Grows Tighter
Lenders have become even less willing to part with their money, further crimping budgets and family spending.

Debt-laden retirees at mercy of economy - St. Petersburg Times

Debt-laden retirees at mercy of economy - St. Petersburg Times
Now that Labor Day is over, let’s get back to what we’ll all be doing a lot more of, and longer, than we once expected. Working. It’s almost comical here at the St. Petersburg Times to write that because last Friday more than 200 co-workers took an