Thursday, November 20th, 2008
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7 Corners Virginia Information

There are several benefits that come along with a debt management program, such as reduced interest rates, lower monthly payments, no more dealing with creditors, and getting out of debt years quicker than you would if attempting on your own. Our counselors will help create a workable budget for 7 Corners Virginia residents, so that making the appropriate monthly payment is attainable.

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An interesting read for 7 Corners VA residents...



October's Drop in Prices and Housing Starts (BusinessWeek Online)
BusinessWeek Online - The current U.S. downturn continues to generate remarkable moves in economic data. Consider the reports on U.S. consumer prices and housing starts for October, released on Nov. 19: The headline consumer price index (CPI) registered its largest monthly decline in 61 years, while housing starts reached the slowest pace of activity in the history of this data series.
 
Senate to probe bond-ratings firms: report (Reuters)

Senator Norm Coleman speaks at the second session of the 2008 Republican National Convention in St. Paul, Minnesota September 2, 2008. (Brian Snyder/Reuters)Reuters - A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, the Wall Street Journal said.


 
U.S. probing Golden West lending, sale: prosecutor (Reuters)

Pedestrians walk outside Wachovia corporate headquarters in Charlotte, North Carolina, October 22, 2008. (Chris Keane/Reuters)Reuters - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp -- another possible victim.


 
MetLife says commercial mortgage portfolio safe (Reuters)
Reuters - U.S. life insurer MetLife Inc disclosed information about its commercial mortgage portfolio on Wednesday in an effort to soothe investors that have become increasingly skittish about investments by insurers in commercial property debt.
 
Housing agency loosens foreclosure aid rules (Reuters)

A foreclosure sale sign sits in front of a house in Falls Church, Virginia, July 23, 2008. (Kevin Lamarque/Reuters)Reuters - The U.S. Department of Housing and Urban Development will loosen terms of its foreclosure-prevention effort so that the program, meant to backstop $300 billion in home loans, can be more effective, the agency said on Wednesday.


 
Kashkari: Consumer credit help promising step (Reuters)
Reuters - Actions to support consumer lending could be a productive next step to help repair financial markets, Treasury Department financial rescue package administrator Neel Kashkari said on Wednesday.
 
May 5th, 2008

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