Mortgage News

Oil prices rebounded from a 13-month low Monday, pushing above $81 a barrel after the dollar weakened and investors trickled back into financial markets on hopes that a globally coordinated rescue plan will ...

Democratic presidential nominee Sen. Barack Obama on Monday proposed four steps to create jobs and to cushion Americans against the effects of the economic downturn as he campaigned in an area hit hard by the ...

The Federal Government says its move to guarantee all bank deposits for the next three years does not mean there is a problem with Australian banks.A Prime Minister Kevin Rudd has announced that the Government ...

With world financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the banking system up and running.

There’s an old saying attributed to Everett Dirksen, the senator from Illinois who dotted his speeches with colorful rants against government borrowing.A billion here, a billion there, and pretty soon ...

China's ruling Communist Party approved a major economic reform plan Sunday that will allow farmers to trade and mortgage their land rights and help bolster the nation's food security.

By the time deputies came to escort Addie Polk out of her home of 38 years, the 90-year-old had taken out her life insurance policy and placed it next to her pocketbook and keys in the neatly kept house.

President Nicolas Sarkozy said he expects a meeting of 15 European leaders Sunday to produce an ambitious, coordinated plan to battle the effects of the global financial crisis.

Australia will guarantee all bank deposits for three years and guarantee wholesale funding to Australian banks in an attempt to combat the global credit crisis, Australian Prime Minister Kevin Rudd said on ...

The Government is to launch its biggest retail bank rescue on Monday, according to reports.

As the economy worsens and Election Day approaches, a conservative campaign that blames the global financial crisis on a government push to make housing more affordable to lower-class Americans has taken off on ...

Davey McKeever was down to his last bet slip of the night, crumpled in a sweaty fist, at the Shelbourne Park greyhound track. The remnants of McKeever's first unemployment check would rise or fall on the ironically named Nest Egg.

When the jet-black greyhound fell behind at the bend, the recently laid-off plasterer found it too painful to watch. He bowed his head. He looked up again just as Nest Egg crossed the line a frothy-mouthed winner _ two lengths ahead of an underdog named So Your Crazy.

The surging Dubai and Abu Dhabi property markets received a major boost on the weekend with news that the UAE's biggest mortgage lenders are in talks over a possible merger.

Assuring depositors that their money was safe in banks, Reserve Bank of India Governor D Subbarao on Saturday said the central bank was geared to inject more liquidity into the country's financial system and ...

Text of G-7 finance ministers and central bank governors' plan of action, as provided by the Treasury Department:

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The G-7 agrees today that the current situation calls for urgent and exceptional action. We commit to continue working together to stabilize financial markets and restore the flow of credit, to support global economic growth. We agree to:

1) Take decisive action and use all available tools to support systemically important financial institutions and prevent their failure.

Finance officials from the world's top economic powers have pledged action to combat the worst financial crisis in more than half a century.

Brazil's president said Friday that emerging market nations like Brazil must have a strong say in developing strict international rules for financial institutions.

Accounting board adopts guidance to ease crisis Comments NORWALK, Conn. - The standard-setting board for corporate accounting adopted new guidance on Friday that will give banks a break in the distressed market ...

President George W. Bush said Friday the U.S. government's financial rescue plan was aggressive and big enough to work, but would take time to fully kick in.

In this Oct. 3, 2008 file photo, an oil pump seen in the desert area of Sakhir, Bahrain, in the Persian Gulf.