Archive for December, 2010

‘Grotesque’ Basel Rules May Kill Danish Bonds: Credit Markets

Thursday, December 30th, 2010

Denmark says the Basel Committee on Banking Supervision’s rules will force the country’s lenders to dump top-rated mortgage debt to meet new requirements on holdings and may destroy the world’s third-biggest covered-bond market.---read the article

Most of Michigan’s $498M in mortgage aid unused

Wednesday, December 29th, 2010

State officials are hoping that a new website will help get money to more Michigan homeowners struggling in the housing crisis. Nearly a year after President Barack Obama announced the lifeline for homeowners, little of Michigan's $498.6 million has been channeled to the people who need it most. Since the ...

Deutsche Bank: Portugal likely to seek bailout

Monday, December 27th, 2010

Mayer also told the newspaper that Spain, Italy and Belgium enjoyed much better fundamentals and would not need outside help to refinance their deficits.---read the article

Loan Modification Ends a Mortgage Nightmare

Sunday, December 26th, 2010

A substantial modification of their mortgage helped Amy and Robert Ahleman keep their home. But while their story is uplifting, it’s hardly the norm for the system.---read the article

Video: Should retirees move in with their kids?

Friday, December 24th, 2010

With the economy continuing to struggle, more retirees are saving money by moving in with their adult children – but is the emotional cost too high? CNBC personal finance correspondent Sharon Epperson and psychologist Dale Atkins weigh the pros and cons with TODAY’s Tamron Hall. (TODAY show)---read the article

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