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Banking Leader to Address Houston CPA Society on Credit Crisis (Business Wire via Yahoo! Finance)
HOUSTON----Benjamin E. Streusand, president of Home Loan Corporation and a past president of the Texas Mortgage Bankers Association, will speak on the “Origins of the Credit Crisis” at a luncheon during the Houston CPA Society’s first CFO/Controller Conference, Oct. 21, at J.W.
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Perry says consumer-friendly legislation helped spare Texas (San Antonio Express-News & KENS 5)
It may be small comfort for those of you who have just opened your 401(k) quarterly statements to know that Texas, as Gov. Rick Perry reminded us the other day, has at least been spared the worst of the housing mortgage mess.
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Getting a loan is harder, but it's not impossible (KETK 56 Tyler)
EAST TEXAS-Many East Texans are now trying to save instead of spend. But for those who do spend, sometimes taking out a loan can help cover the bill. But is being approved for a loan harder now than it was before the economy took a nosedive?
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Is the era of easy credit over for the long haul? (Journal Inquirer)
Ike, a month later A speed limit sign leans over into the sand Friday, Sept. 26, 2008 in Crystal Beach, Texas. In the background are piers that held beach houses before Hurricane Ike nearly two weeks ago.
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Numbers show improvements in local housing industry (Fort Worth Business Press)
An industry-wide effort to reduce the number of new home starts to get existing homes off the market was apparent in recent numbers released by Metrostudy, a house tracking service.
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States' woes parallel S&L crisis (The Record)
NEW YORK — The $700 billion bailout of Wall Street's subprime-tainted securities harkens back to the real estate bets that sparked the savings and loan crisis in the 1980s. The geography is the same, too.
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Areas hit by '80s S&L crisis being hit again (The News Journal)
The $700 billion bailout of Wall Street's subprime-tainted securities harkens back to the real-estate bets that sparked the savings-and-loan crisis in the 1980s. The geography is the same, too.
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Countrywide agrees to offer home-loan relief (Houston Chronicle)
Countrywide Financial has agreed to the largest program ever to modify home loans, as part of a settlement with officials in Texas and 10 other states, just days after the federal government adopted a giant financial rescue package without any relief for distressed homeowners.
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Germany and France lead €1 trillion European bailout (Times Online)
Germany and France put mountains of cash on the table today as they led continental Europe in an offensive to rebuild trust in banks with state guarantees worth over one trillion euros (£780 million).
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New home prices rise to record levels (The Monitor)
McALLEN -- New home prices set a record high in August as eroding consumer confidence and tighter lending standards made selling low-income housing more difficult, officials said.
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