Filed under: Housing, Recession
Over the past couple of years, one of the most troubling aspects of the economy has been the ailing housing market, and in particular the large volumes of homes that have fallen victim to the foreclosure crisis. Finally we get some evidence that things may be moving in the right direction again.
While [...]

When was the last time you lost $2,150? And because of a hole—not in your pocket, but in your stocking!
The Wells Fargo History Museum in San Francisco recently opened a new exhibit, “Women Making Financial History.” It interprets the many different roles women have played and are playing in the financial world: as bankers, as [...]

In association with the International Museum of Women (IMOW) , the Wells Fargo History Museum in San Francisco has opened its latest exhibit, “Women Making Financial History.” This exhibit examines women’s roles in making and managing money, from the early history of the United States to today — all around the world.
The exhibit features striking [...]

Filed under: Internet, Google (GOOG), General Electric (GE), Walt Disney (DIS), News Corp’B’ (NWS), Media World
I caught an item over the weekend at paidContent about paying for content. Come to think of it, what else would you expect to find over at that site? All joking aside, paying for content in the digital age is [...]

Filed under: Earnings reports, Forecasts, Darden Restaurants (DRI), NIKE, Inc’B’ (NKE), Economic data
Autumn has arrived and the quarter winds down this week. The Dow has been inching toward 10,000 for a while now, though it closed lower in the past three sessions. Can it make it to 10,000 for the start of the third quarter? [...]

If you are having difficulty making the payments on your home loan with our bank, you may be eligible for a loan “workout” or “modification.” We have outlined several options available to you that can provide the financial assistance you need. For additional information or to discuss how we can help you, please call us [...]

By Tami Luhby, CNNMoney.com senior writer
Last Updated: December 8, 2008: 6:56 PM ET
WASHINGTON, D.C. — More than half of delinquent homeowners whose mortgages were modified earlier this year ended up redefaulting within six months, a top bank regulator said Monday.
Some 53% of borrowers with loans modified in the first three months of 2008 and 51% [...]

Chase further strengthens robust programs to keep families in homes, including systematic review of entire mortgage portfolio;
Enhanced programs seek to help an additional 400,000 families; With families already helped, total foreclosure preventions projected to top 650,000; $110 billion in mortgages to be modified
Specific enhancements include:

Proactive outreach to borrowers, offering them pre-qualified modification terms [...]

The subprime mortgage crisis is an ongoing financial crisis characterized by contracted liquidity in global credit markets and banking systems triggered by the failure of mortgage companies, investment firms and government sponsored enterprises which had invested in subprime mortgages. The crisis, which has roots in the closing years of the [...]