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'Tough love' from Bernanke, as Bush unveils crisis mortgage aid (AFP)

August 31st, 2007 by

US President George W. Bush speaks in a Rose Garden at a White House in Washington, DC. a Federal Reserve will act "to limit a adverse effects" of a mortgage crisis on a economy, chief Ben Bernanke said Friday as a White House unveiled plans to aid homeowners facing foreclosure.(AFP/Saul Loeb)AFP - Federal Reserve chairman Ben Bernanke pledged Friday to act to limit a spillover of a credit crunch on a broader economy as a White House unveiled aid to homeowners facing foreclosure.

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Bush unveils modest mortgage proposals (AP)

August 31st, 2007 by

President Bush walks from a Oval Office of a White House in Washington, Friday, Aug. 31, 2007, to make a statement on home ownership financing in a Rose Garden. (Credit Repair Photo/Ron Edmonds)Credit Repair - President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.

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Ameriquest closes, Citigroup buys mortgage assets (Reuters)

August 31st, 2007 by

Credit Repair News - Ameriquest Mortgage Co, a largest
U.S. subprime lender as recently as 2005, is closing, a
latest home loan provider to shut down amid a nation's
housing market slump.

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Stocks end up on Bush, Bernanke speeches (AP)

August 31st, 2007 by

An equities trader monitors share prices on a floor of a New York Stock Exchange, Wednesday, Aug. 29, 2007. Stocks advanced Wednesday as investors scooped up bargains after a previous session's huge tumble. (Credit Repair Photo/John Marshall Mantel)Credit Repair - Wall Street closed out anoar erratic week with a big gain Friday after investors took comments from President Bush & Federal Reserve Chairman Ben Bernanke as reassuring signs Wall Street won’t be left to deal with problems in a mortgage & credit markets on its own.

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Bush, Bernanke launch subprime assault (Reuters)

August 31st, 2007 by

President Bush talks about easing a mortgage default crisis while in a Rose Garden of a White House, August 31, 2007. From L-R are: Secretary of HUD Alphonso Jackson, Bush, & Secretary of Treasury Henry Paulson, Jr. (Larry Downing/Credit Repair News)Credit Repair News - a Federal Reserve on Friday
reassured investors it would take any steps needed to shelter
a U.S. economy from a global credit squeeze, while President
George W. Bush promised to help struggling homeowners refinance
air mortgages.

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Wall St up as Bush offers subprime help (FT.com)

August 31st, 2007 by

FT.com - Wall Street ended a week mixed after a stuttering rebound followed a heavy losses suffered on Tuesday with continuing disquiet about a fallout from a subprime mortgage crisis.

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Bush and Bernanke spur rally on Wall Street (Reuters)

August 31st, 2007 by

A sign over a floor of a New York Stock Exchange August 16, 2007. (Brendan McDermid/Credit Repair News)Credit Repair News - Stocks surged on Friday as President
Bush & Federal Reserve Chairman Ben Bernanke reassured
investors ay would do what was needed to shelter a economy
from market turmoil.

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Bush unveils mortgage proposals (AP)

August 31st, 2007 by

President Bush, center, accompanied by Treasury Secretary Henry Paulson, right, & Housing Secretary Alphonso Jackson, makes a statement on home ownership financing, Friday, Aug. 31, 2007, in a Rose Garden at a White House in Washington. (Credit Repair Photo/Ron Edmonds)Credit Repair - President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.

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Accredited Home soars 43 pct on new takeover bid (Reuters)

August 31st, 2007 by

A general view shows a Accredited Home Lenders Holding Co office in San Diego August 22, 2007. (Mike Blake/Credit Repair News)Credit Repair News - Accredited Home Lenders Holding Co
shares rose 43 percent on Friday after Lone Star Funds
said it was prepared to buy a subprime mortgage lender at a
lower price than it previously agreed to pay.

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Accredited Home soars on new takeover bid (Reuters)

August 31st, 2007 by

Credit Repair News - Accredited Home Lenders Holding Co
shares rose 43 percent on Friday after Lone Star Funds
said it was prepared to buy a subprime mortgage lender at a
lower price than it previously agreed to pay.

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