Finance and Economy Archive


Coldwell Banker CEO Discusses State of Housing Market

Wednesday, March 25th, 2009
RISMEDIA, March 26, 2009-Jim Gillespie, president and CEO of Coldwell Banker Real Estate LLC, participated in CNBC's "Roadmap to Rebound" segment which focused on the state of the housing market, and what real estate professionals believe should happen to get the market moving again. ...
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Some Experts Unsure Whether Federal Buy-Up of Bank Debt Will Work

Tuesday, March 24th, 2009
RISMEDIA, March 25, 2009-(MCT)-Yesterday's announcement by Treasury Secretary Timothy Geithner that disclosed the details of the long-awaited and highly-anticipated $1 trillion plan to relieve the nation's banks of the bad debt that has crushed lending and helped put the country into a recession has some economists and business experts unsure ...
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Attorney-Based Loan Modifications Helping Struggling Southern Californians Save Their Homes

Tuesday, March 24th, 2009
RISMEDIA, March 25, 2009-Amid the buzz about Obama's housing market rescue plan with $75 billion earmarked to help troubled borrowers and otherwise stem the housing crisis at large, it's also been widely reported that more than half of the loans modified in the first quarter of 2008 "went bad again ...
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Federal Reserve Announcement Drives Mortgage Rates to Drop

Tuesday, March 24th, 2009
RISMEDIA, March 25, 2009-Driven by the news that The Federal Reserve plans to spend an additional $750 billion to buy mortgage-backed securities, the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year mortgages fell to 5.06%, down from 5.21% the week prior, according to the ...
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Treasury Delivers Details of ‘Toxic Asset’ Treatment Plan

Monday, March 23rd, 2009
RISMEDIA, March 28, 2009-(MCT)-Treasury Secretary Timothy Geithner took the wraps off a long-awaited key component of the Obama administration's bank rescue plan, detailing a public-private partnership to buy up the so-called toxic assets that are polluting bank balance sheets. ...
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Banks Lend Heavily to Insiders Amid Credit Crunch, Bailouts

Monday, March 23rd, 2009
RISMEDIA, March 24, 2009-(MCT)-Insider lending amid a credit crunch and bailouts is not as uncommon as many would believe, as banks nationwide hold $41 billion in loans to directors, top executives and other insiders, a portfolio that experts say should be stripped of secrecy. ...
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Treasury Throws 5 Billion Dollar Lifeline to Auto Suppliers

Sunday, March 22nd, 2009
RISMEDIA, March 23, 2009-(MCT)-Adding to the growing list of economic sectors going under the protective wing of the Government, the Treasury Department announced that U.S. auto-parts suppliers will receive up to $5 billion in a taxpayer-funded revolving line of credit. ...
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