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A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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1096 items on Financial and Business Services
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Palm Beach County home prices, sales fall again
South Florida Sun-SentinelPrice cuts still ruled in June as South Florida's housing slump trudged into its 30th month. Palm Beach County's median price for existing homes was $334,300, off 12 percent from $377,900 a year ago, the Florida Association of Realtors said Thursday....Tags: Money and Monetary Policy, Fort Lauderdale, Palm Beach County, Mortgages, Broward County
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Fund manager sees $1 trillion in write-downs
From Chicago Tribune news servicesFalling U.S. home prices will force financial firms to write down $1 trillion from their balance sheets, crimping bank lending and sparking sales of assets, said closely watched investor Bill Gross, who manages the world's biggest bond fund, PIMCO Total...Tags: Freddie Mac, Mortgages, Lower House, Fannie Mae, Mutual Funds
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Job, Housing News Worsens
Associated PressTwo cornerstones of the economy — jobs and housing — sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing...Tags: Freddie Mac, California, Ford Motor Co., Elections, Credit Ratings
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Dodd Plans To Disclose Loan Details After Bill Passage
Washington Bureau ChiefSen. Chris Dodd said he intends to release more information on his home loans from Countrywide — the giant mortgage company now owned by Bank of America — as soon as he gets his foreclosure rescue bill passed in the Senate this week and signed...Tags: Upper House, Mortgages, Haddam, Bank of America Corp., Chris Dodd
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Broward home prices fall 20 percent in June
South Florida Sun-SentinelPrice cuts still ruled in June as South Florida's housing slump trudged into its 30th month. Broward County's median price for existing homes was $305,400, off 20 percent from $382,000 a year ago, the Florida Association of Realtors said Thursday....Tags: Money and Monetary Policy, Fort Lauderdale, Palm Beach County, Mortgages, Broward County
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Housing bill not just for those on edge
If you think the housing bailout bill in Congress benefits only troubled homeowners, you may miss out. Millions of people could potentially benefit from the legislation, which is expected to become law soon. Some highlights (minus all of the fine print,...Tags: Money and Monetary Policy, Freddie Mac, Mortgages, Armed Forces, Defense
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Jitters cause rise in mortgage rates
Associated PressMortgage rates shot up this week, with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in financial markets about the troubles at corporate giants Fannie Mae and Freddie Mac. Freddie Mac reported yesterday that its...Tags: Freddie Mac, Mortgages, Fannie Mae
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Home Sales Tumble 2.6%
The Associated PressSales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. The National Association of Realtors reported that sales dropped by 2.6 percent last month to a...Tags: Freddie Mac, Housing Industry, Mortgages, Fannie Mae, Homes
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House passes housing crisis bill
The Swampby Jesse A. Hamilton and updated The U.S. House of Representatives has overwhelmingly passed the long-awaited housing rescue bill -- sending it now for a last Senate approval before President Bush can sign it into law. The vote, at about......Tags: Executive Branch, Freddie Mac, Mortgages, The White House, Lower House
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House OKs massive homeowners' rescue bill
Rescue legislation sailed through the House Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing. The 272-152 vote reflected a congressional push to...Tags: Freddie Mac, Elections, Laws, Mortgages, The White House
Jul 25, 2008
|Story| South Florida Sun-Sentinel
Jul 25, 2008
|Story| Chicago Tribune
Jul 25, 2008
|Story| Associated Press
Jul 25, 2008
|Story| Hartford Courant
Jul 25, 2008
|Story| South Florida Sun-Sentinel
Jul 25, 2008
|Story| Chicago Tribune
Jul 25, 2008
|Story| Baltimore Sun
Jul 24, 2008
|Story| Associated Press
Jul 24, 2008
|Blog| Chicago Tribune
Jul 24, 2008
|Story| Newsday
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