AP - Troubled German lender Hypo Real Estate said Friday it has been granted euro20 billion ($25 billion) in loan guarantees from a government fund, which comes on top of a previous bailout to stabilize its business amid the financial turmoil.
AFP - US President George W. Bush signed into law a bill to extend unemployment benefits over the Christmas holiday period and major federal lenders will freeze home foreclosures until the New Year, officials said Friday.
<img src="http://d.yimg.com/us.yimg.com/p/rids/20081112/i/r3473221930.jpg?x=130&y=101&q=85&sig=VNlrFfWow_RjPrddoqDj_A--" align="left" height="101" width="130" alt="REFILE - CORRECTING SPELLING OF CHARLIE CRIST
Governor Sonny Perdue of Georgia (L) talks with Governor Charlie Crist of Florida during a Plenary Session at the 2008 Republican Governors Association Annual Conference in Miami November 12, 2008. REUTERS/Hans Deryk (UNITED STATES)" border="0" />AP - Gov. Charlie Crist continued to veer away from his previous opposition to raising tuition with a proposal this week allowing for increases of up to 15 percent a year at all state universities. But a top Democratic lawmaker said it's the wrong time for that course as people struggle with foreclosures and layoffs.
BusinessWeek Online - 1. The Shift
When the subprime market began to collapse in 2006, many lenders and brokers shifted their business to loans guaranteed by the Federal Housing Administration
BusinessWeek Online - As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long-standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means.
BusinessWeek Online - The implosion of the subprime mortgage market has been a boon to loan-modification consultants who promise to help borrowers refinance and get back on the road to financial stability.
