Real Estate News
Bush, Paulson take new approach to economic crisis (AP)
AP - The Bush administration's latest effort to resolve the financial crisis embraces an approach it had resisted just a few weeks ago. More »
Major elements in rescue program (AP)
AP - Major elements of the government's revamped $700 billion package to rescue the financial system and help homeowners facing foreclosures on their mortgages: More »
Palin: Mortgage plan not a handout, but a hand up (AP)
AP - Republican vice presidential candidate Sarah Palin said Tuesday that her running mate John McCain's plan to reduce or eliminate taxes and help distressed homeowners with their mortgages will "get this economy moving again." More »
McCain, Obama Promoting Populist Appeals on Rescue (Bloomberg)
Bloomberg - Oct. 14 (Bloomberg) -- Barack Obama and John McCain, both laying claim to the populist ground, have different approaches to implementing the financial markets rescue plan. The Democrat is focused on recapitalizing banks while halting foreclosures and creating new jobs, while the Republican wants to purchase and refinance mortgages of troubled homeowners. More »
Bush: will put capital into banks via equity stakes (Reuters)
Reuters - U.S. President George W. Bush said on Tuesday the U.S. government will directly inject capital into financial institutions by buying equity stakes in a bid to help thaw credit markets frozen by the housing market collapse. More »
Former Fed chief says U.S. now in recession (Reuters)
Reuters - Former Federal Reserve Chairman Paul Volcker said on Tuesday the U.S. housing sector faced more losses and the economy was in recession even as authorities moved to stabilize the financial system. More »
Worries Grow Over Commercial Real Estate (Investor's Business Daily)
Investor's Business Daily - As the housing market stumbled, commercial real estate still had legs to stand on. More »
Today on the presidential campaign trail (AP)
AP - McCain unveils new stump speech, criticizes Bush economics and vows new direction for country ... Obama calls for moratorium on foreclosures, two-year tax break for businesses that create jobs ... Palin mistakes fans for protesters at Va. rally that draws thousands More »
McCain, Obama Promoting Populist Appeals on Wall Street Rescue (Bloomberg)
Bloomberg - Oct. 14 (Bloomberg) -- Barack Obama and John McCain, both laying claim to the populist ground, have different approaches to implementing the financial markets rescue plan. The Democrat is focused on recapitalizing banks while halting foreclosures and creating new jobs, while the Republican wants to purchase and refinance mortgages of troubled homeowners. More »
McCain rescue plan won't include foreclosure freeze: aide (AFP)
AFP - A freeze on foreclosures will not be part of a new economic rescue plan Republican John McCain will present to voters Tuesday, a senior aide told reporters Monday. More »