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A collection of news and information related to Mortgages published by Tribune Company sources.
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Florida housing: Lenders back foreclosure freeze
Florida's mortgage lenders have agreed to voluntarily halt new foreclosures against homeowners for the next 45 days, Gov. Charlie Crist said Monday. The move comes a week after Crist said he was considering an executive order to mandate that banks...Tags: Executive Branch, Banking, Charlie Crist, Bank of America Corp., Foreclosures
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Suspect denies motive in business partner's murder
Far from wanting James DiMartino dead, Ronald Thornton had every reason to keep his business partner alive, Thornton's lawyer said yesterday as his client pleaded not guilty to first-degree murder. Suffolk prosecutors have charged Thornton with hiring...Tags: Prisons, Huntington (Hungtington, New York), St. Albans, Murder, Prosecution
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Voice of the People
Give a boost to the housing market This is in response the Tribune's recent article about the state of the Illinois housing market ("Illinois housing prices, sales plunge; State's losses worse than U.S. average," Page 1, Nov. 25). The article gives...Tags: Real Estate Buyers, Michelle Obama, Santa Claus, George Ryan, Maxwell Street
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Bernanke: lower rates are "feasible" but have limited economic benefit
AP Economics WriterWASHINGTON (AP) _ Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year. The Fed'...Tags: Business, Consumers, Business Institutions, Freddie Mac, Ben Bernanke
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Recession Q & A
carol.polsky@newsday.comWhat factors went into the determination by the Business Cycle Dating Committee of the National Bureau of Economic Research that an economic recession began in December 2007? A recession begins at the point at which the economy's last period of...Tags: New York University, State Budgets, Metal and Mineral, Labor Legislation, Local Authority
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AP IMPACT: They warned us: US was told to 'expect foreclosures, expect horror stories'
Associated Press WriterWASHINGTON (AP) _ The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient...Tags: Financial and Business Services, U.S. Department of Treasury, Lehman Brothers Holdings Incorporated, National Government, Office Needs
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General Growth Properties wins reprieve, gets 2-week extension on $900 million mortgage loans
CHICAGO (AP) _ General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. The mortgages...Tags: Real Estate Sellers, Chicago Mortgages, General Growth Properties Incorporated, Bankruptcy
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Records show White House refused to stop bad loans long before crash
Associated Press WriterThe Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that...Tags: Financial and Business Services, U.S. Department of Treasury, Lehman Brothers Holdings Incorporated, National Government, Office Needs
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Banks, lenders agree to temporarily stop foreclosing on homes
Sentinel Staff WriterGov. Charlie Crist announced Monday that bankers and mortgage lenders in Florida had agreed to ask their members to "voluntarily" stop filing new foreclosure petitions and scheduling foreclosure sales for resident homeowners over the next 45 days. The...Tags: Charlie Crist, Fort Lauderdale, Regional Authority, Foreclosures, Executive Branch
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Crist says banks being asked to temporarily stop foreclosures
Tallahassee BureauGov. Charlie Crist said today that bankers and mortgage lenders in Florida have agreed to ask their members to voluntarily stop filing new foreclosure petitions and scheduling foreclosure sales for resident homeowners over the next 45 days. The move...Tags: Executive Branch, Banking, Charlie Crist, Bank of America Corp., Fort Lauderdale
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British charities brace for 2009 fundraising shortfall, possibly 2.3 billion pounds less
AP Business WriterLONDON (AP) _ The British Red Cross has canceled its winter fundraising ball — and that's just the tip of the iceberg. British charities are expecting a fundraising shortfall next year as corporations donate less, investments fall in value and...Tags: Social Services, Charity
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Bank of England says lending growth slowed in October amid economic downturn
LONDON (AP) _ Britons took out fewer mortgages and reined in spending in October as the economic downturn intensified, the Bank of England said Monday. Net lending to individuals grew by 1.3 billion pounds ($2 billion) in October — just a third...Tags: Credit and Debt
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