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  • Spain drags and Brazil sparkles in Santander H1 results Thursday, July 29, 2010 @ 3:58AMThe euro zone's largest bank Santander reported record profits at its Brazilian business on Thursday against declines in home market Spain which is tentatively emerging from a grim recession.
  • Agricultural Bank Moves Closer to World’s Largest IPO Thursday, July 29, 2010 @ 3:49AMAgricultural Bank of China Ltd. boosted the size of its initial public offering to about $20.8 billion after selling more stock in Hong Kong, taking it closer to becoming the largest first-time share sale.
  • Santander Second-Quarter Net Falls 8%, Hurt by Spain Thursday, July 29, 2010 @ 3:34AMBanco Santander SA, the biggest Spanish bank, said second-quarter profit fell 8 percent after a drop in earnings in its home market offset growth in Brazil.
  • Business briefs: Union Bank names its Everett leader Thursday, July 29, 2010 @ 2:12AMUnion Bank, which took over the troubled Frontier Financial Corp. earlier this year, has named Brian Hawley to run its Washington and Oregon operations. Hawley, a senior vice president of the California bank, will be head of Pacific Northwest Branch Banking and will be based in Everett.
  • AgriBank Boosts Size of Hong Kong IPO to Move Closer to Record Wednesday, July 28, 2010 @ 9:31PMAgricultural Bank of China Ltd. boosted the size of its initial public offering to about $20.8 billion after selling more stock in Hong Kong, taking it one step closer to becoming the largest ever first-time share sale.
  • Ed Arnow: Low interest rates don't help many of the cash-strapped Wednesday, July 28, 2010 @ 3:13PMThese are days of phenomenally low interest rates, which may be great for some but for most of us it s a downer or a catch-22. The illusion of cashing in on opportunity is there, but it s an illusion, not reality.
  • Should the Fed pump even more? Wednesday, July 28, 2010 @ 8:23AMGovernments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending
  • BBVA net profit falls 17% as bad loan costs rise Wednesday, July 28, 2010 @ 6:00AMSpanish banking giant's profit declines in the second quarter as its home market remains weak.
  • Top gripes for 2009: home, auto matters (document) Wednesday, July 28, 2010 @ 5:36AMThe state Department of Consumer Protection fielded 8,952 written complaints and 37,282 telephone calls in 2009, with home improvement, health club services and telemarketing respectively topping the list of most frequent categories.
  • Europe Stress Relieved With Swap Gap Vanishing: Credit Markets Wednesday, July 28, 2010 @ 5:20AMThe bond market is saying that the threat of a European banking crisis is ending.
  • Pessimism stalls stock market Wednesday, July 28, 2010 @ 3:42AMNEW YORK -- News that consumers are more pessimistic put the stock market's rally on hold.
  • Current rating: Wednesday, July 28, 2010 @ 2:52AMThe impact smashed the windshield of the car. The driver told police she did not see the bicyclist in the dark. Police are continuing their investigation.
  • China and bust? Wednesday, July 28, 2010 @ 1:55AMFrom Ed …the private sector in the west is in a higher savings and slower growth mode. The only way that the government can net save at the same time is via an increase in net exports to the emerging economies. The FT’s Geoff Dyer is right when he writes the “G20 [...]
  • Fannie, Freddie overhaul moving ahead gingerly Tuesday, July 27, 2010 @ 11:00PMThe Obama administration on Tuesday tiptoed closer to overhauling Fannie Mae and Freddie Mac, announcing a conference next month to begin a public discussion on how to remake the nation's system for funding home loans. Business - Fannie Mae - Mortgage - Freddie Mac - Presidency of Barack Obama
  • Should the Fed Pump Even More? Tuesday, July 27, 2010 @ 6:38AMLoose fiscal and monetary policies are not going to rescue the economy; they will only rescue activities that the economy cannot afford and that consumers do not want.
  • Debating the Securitization of Mortgages Tuesday, July 27, 2010 @ 5:00AMThe securitization of mortgages may have encouraged risky lending, but it also kept the weight of the housing crisis from falling entirely on banks in the United States, an economist writes.
  • Dow has 3rd straight triple digit gain Tuesday, July 27, 2010 @ 4:04AMNEW YORK -- The Dow Jones industrial average gained more than 100 points for the third straight day Monday after investors got some unexpected good news about the economy.
  • YOUR PLACE TO CALL HOME: Does it make sense to buy a home? Tuesday, July 27, 2010 @ 2:01AM"The economy is improving!" "We are in for a double-dip recession!" "Unemployment is down!" "People have given up looking for work!"
  • Fed chair Ben Bernanke isn't all doom and gloom Sunday, July 25, 2010 @ 4:01AMDavid Roeder: A poet Ben Bernanke is not. "Unusually uncertain" is the best he couldcome up with in his midyear report describing the economy to Congress. But just as we need not look for rhetorical flourishes from the FederalReserve chairman, Wall Street awaited his remarks with unrealisticstandards. The Street must have wanted a cheerleader or a hyped-uppitchman pointing to better days ...
  • Low rates make mortgages a good buy Sunday, July 25, 2010 @ 2:31AMFor those who can qualify, it's one of the best times to get a mortgage.
  • Pregnant Women Denied Mortgage Loans: HUD Investigates Friday, July 23, 2010 @ 10:00PMFederal Agency Looking into Possible Discrimination There's nothing more American than the idea of having a family and buying a home. But growing families have a growing concern tonight. These days there are several things that stop someone from getting a home loan: bad credit or no down payment. But what about a bun in the oven?
  • Mortgage Investors Urge End of Damaging Practices, Lawyer Says Friday, July 23, 2010 @ 3:19PMInvestors owning about a third of U.S. mortgage securities without government backing are urging bond trustees to help end practices that damage their holdings, according to Dallas lawyer Talcott Franklin.
  • Five regional Spanish banks fail tests, major banks pass Friday, July 23, 2010 @ 12:53PMAll eight major Spanish banks passed the EU's bank stress tests on their ability to weather a crisis but five out of 19 regional lenders analysed failed, the results showed on Friday.
  • Mortgage defaults hit 3-year low in California Thursday, July 22, 2010 @ 10:26AMJuly 22--Even as the economic recovery sputters, the home-mortgage crisis that helped trigger the recession appears to be easing.
  • GM buys subprime lender for $3.5 billion Thursday, July 22, 2010 @ 7:44AMGeneral Motors is paying $3.5 billion in cash to buy subprime auto lender AmeriCredit, a move that will once again give the automaker its own finance arm.
  • New Law Protects Consumers From Non-Bank Lenders Wednesday, July 21, 2010 @ 5:53PMThe new financial regulations signed into law Wednesday are designed to protect consumers from mortgage brokers, check-cashers and payday lenders, which were lightly regulated until now. One goal is to bring these so-called "shadow bankers" out into the sunlight. NPR Story ID:  ...
  • Credit card Interest rates fall for first time since May Wednesday, July 21, 2010 @ 5:37PMCredit card interest rates fell last week for the first time in more than two months, according to CreditCards.com's Weekly Rate Report.
  • Wells Fargo 2Q Profit Rises; Bad Loans Ease Wednesday, July 21, 2010 @ 5:33PMWells Fargo & Co. on Wednesday said its second-quarter profit rose 12 percent, and the results show signs that bad loans are easing.
  • New Law Protects Consumers From Non-Bank Lenders Wednesday, July 21, 2010 @ 5:14PMThe new financial regulations signed into law Wednesday are designed to protect consumers from mortgage brokers, check-cashers and payday lenders, which were lightly regulated until now. One goal is to bring these so-called "shadow bankers" out into the sunlight.
  • Transcript of Obama remarks on fin reform Wednesday, July 21, 2010 @ 1:33PMWASHINGTON, July 21 (UPI) -- Here are U.S. President Barack Obama's remarks before the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act at the Ronald Reagan Building: United States - Barack Obama - Ronald Reagan - President - WASHINGTON
  • Wells, U.S. Bancorp see some recovery Wednesday, July 21, 2010 @ 1:17PMWells Fargo & Co and US Bancorp, two of the largest banks in the United States, said rising loan demand helped lift their earnings more than analysts had expected
  • Remarks by the President at Signing of Dodd-Frank Wall Street Reform and Consumer Protection Act Wednesday, July 21, 2010 @ 1:06PMRonald Reagan Building 11:34 A.M. EDT THE PRESIDENT:  Well, good morning, everyone. AUDIENCE:  Good morning. THE PRESIDENT:  We are gathered in the heart of our nation’s capital, surrounded by memorials to leaders and citizens who served our nation in its earliest days and in its days of greatest trial.  Today is such a time for America.  Over the past two years, we have faced the worst ...
  • Lewis: A foreclosure story that never ends Wednesday, July 21, 2010 @ 2:30AMNancy Swong hasn't paid her mortgage since February 2009. Her Brooklyn apartment is rife with fire-code violations.
  • Real Estate Market is Already in Depression Tuesday, July 20, 2010 @ 2:56PMHousing starts in June fell to the lowest level since last October. New home sales in May dropped an unprecedented 33%, and more than 40% participating in Obama's mortgage aid program relapse.
  • Tianjin May Tell Wen `Wait a Minute!' as China's Real-Estate Sales Tumble Tuesday, July 20, 2010 @ 1:37PMThree dozen cranes tower over the Tianjin West Railway Station, part of a 501-billion yuan ($74- billion) government-funded building boom in this city of 9.8 million southeast of Beijing.
  • How to Buy a House if You Have Bad Credit Tuesday, July 20, 2010 @ 8:22AMThough a low credit score will decrease your homebuying options, it may not kill them entirely. Here's how to improve your chances of getting a loan.
  • Mercantile Bank Corporation Reports Second Quarter 2010 Results Tuesday, July 20, 2010 @ 5:00AMGRAND RAPIDS, Mich. -- Mercantile Bank Corporation reported a second quarter 2010 net loss attributable to common shares of $0.7 million, or per diluted common share, compared to a net loss of $6.4 million, or per diluted common share, for the year-ago quarter.
  • INDEPENDENT VIEWPOINT Tuesday, July 20, 2010 @ 1:31AMVolatility creates big opportunities. Hold gold as insurance - Rick Rule That the markets will deliver huge waves of volatility as the secular commodities bull market continues its charge is a foregone conclusion, as Rick Rule sees it.
  • Hunters Urged to Learn New Hunting Regulations Monday, July 19, 2010 @ 10:00AMWest Virginia's Division of Natural Resources is encouraging hunters to familiarize themselves with several changes to the state's hunting regulations.
  • Bank of America, Citigroup fall as loan books, interest shrink Monday, July 19, 2010 @ 9:14AMBank of America Corp. and Citigroup Inc. fell in New York trading after profit reports showed their loan books shrinking, a sign volatile markets and a stalling U.S. economy may be keeping borrowers away.
  • Planetarium at Morehead State Exceeds Expectations Monday, July 19, 2010 @ 8:45AMA planetarium that opened at Morehead State University a year ago has drawn twice as many visitors as expected.
  • Craigslist rental ads part of scam Monday, July 19, 2010 @ 8:15AMConcord Woman's home used in fraudulent listing After browsing Craigslist postings for apartments and houses for rent in the Concord area, Heidi Rule thought she found the perfect place to live - a large white house with black shutters and a front porch for $700 a month. Rule contacted the owner at the e-mail address listed and filled out an online questionnaire posted by the homeowner on the ...
  • One Dead in Lincoln County Crash Monday, July 19, 2010 @ 7:15AM911 dispatchers say the crash happened on Garrets Bend Road near Sod shortly after 7 a.m. Monday.
  • Financial reform and your mortgage Monday, July 19, 2010 @ 5:00AMFinancial reform legislation stops lenders from selling mortgages that borrowers can't afford.
  • Don't chase rates Sunday, July 18, 2010 @ 4:08AMNEW YORK - For those who qualify, it's the best time to get a mortgage.
  • Dream of Greenwood Village mansion ended in fire, fraud charges Sunday, July 18, 2010 @ 2:24AMIt began with two carpenters who shared a longtime friendship and a dream to turn a Greenwood Village mansion they built into riches. Five years later, after a spectacular but suspicious fire that flattened the mansion, three men are charged with conspiring to defraud the bank that backed the deal.
  • Weak sales hurt loans to small businesses Sunday, July 18, 2010 @ 2:15AMIt’s the one-two punch — the psychological blow on top of the financial bruise — for those who look to small businesses, and the jobs they create, to lead the way out of the recession.
  • Foreclosure rates rising due to unemployment Saturday, July 17, 2010 @ 7:46PMNationwide, more than 1 million American families are on track to lose their homes in 2010 to foreclosure.
  • Chasing the American dream -- a place to call their own Saturday, July 17, 2010 @ 6:05PMUntil April, the lure of an $8,000 tax credit combined with depressed real estate prices was drawing younger South Floridians to their first homes.
  • UPDATE: All Lanes of I-77 North Back Open After Two Car Crash Friday, July 16, 2010 @ 9:00PMMetro 911 dispatchers say as of 11:30 p.m. Friday night, all of the northbound lanes of I-77 have been re-opened.