DENVER – (AP) Questions about the future of the Rocky Mountain News had become so common, the newspaper’s staff put up a handwritten paper sign on the news desk that said, “We don’t know.” On Thursday,
Tagged future, glassware-maker, heritage-community, illinois, newspaper, paper-sign, pilgrim, regulators, rocky, staff-put, the-newspaper, waterfordWASHINGTON – (AP) Fannie Mae said Thursday it needs $15.2 billion in government aid though that figure is expected to grow because it lost nearly $59 billion last year as the foreclosure crisis mushroomed.
Tagged 15-2-billion, because-it-lost, fannie, government-aid, illinois, mortgage-fin, pilgrim, regulators, staff-put, the-foreclosure, the-newspaperWASHINGTON – (AP) Against a backdrop of record-low new home sales and ballooning losses from foreclosures, Housing Secretary Shaun Donovan told lawmakers Thursday that the lending industry is set to launch the Obama administration’s $75 billion foreclosure prevention program next week.
Tagged fannie, government-aid, home-sales, launch-the-obama, lending, mortgage-fin, obama, pilgrim, shaun, staff-put, thursdayMILAN, Italy – (AP) The IT Holding company, which owns the Gianfranco Ferre fashion house, sought bankruptcy protection from its creditors Thursday. The move comes just two weeks after the holding company put one of its subsidiaries into bankruptcy protection
Tagged Bankruptcy, fashion-house, home-sales, italy, its-subsidiaries, launch-the-obama, lending, milan, move-comes, obama, sought-bankruptcy, staff-put, thursdayWASHINGTON – (AP) A dispute among House Democrats stalled legislation Thursday to let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners. The measure, backed by President Barack Obama, is the mo
Tagged Bankruptcy, fashion-house, judges-reduce, launch-the-obama, move-comes, president, president-barack, rate-on-mortgages, sought-bankruptcy, thursdayCHARLOTTE, N.C.
Tagged Bankruptcy, beleaguered, Business, fashion-house, financial, judges-reduce, least-three, move-comes, president, thursday, weekLast week President Obama announced an ambitious and expensive plan to stabilize home prices and help homeowners in trouble with their home loans avoid foreclosure.
Tagged adversary-proceeding, auto-task, creditor, discharge, expensive-plan, help-homeowners, loan-debtors, loans-avoid, obligation-through, partial-discharge, president, president-obama, stabilize-home, their-home, timely-fileWASHINGTON – (AP) Debt-strapped homeowners facing foreclosure could resort to bankruptcy to force reductions in their monthly mortgage payments under a measure awaiting a House vote. The bill set for a vote Thursday would let bankruptcy judge
Tagged circuit-city, house, measure-awaiting, nation, pay-executives, received-permission, stores, thursday, winds-downDETROIT – (AP) General Motors Corp.
Tagged auto-sales, burned-through, detroit, said-it-burned, sought-government, stores, the-last, worstNEW YORK – (AP) Citigroup Inc.’s bid to boost its equity capital could result in the federal government raising its stake in the troubled bank this week to as much as 40 percent, a person familiar with the talks said.
Tagged boost-its, burned-through, citigroup, detroit, equity-capital, government-raising, its-stake, said-it-burned, worst