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China fund in talks for stake in AIG unit: report (Reuters)

November 20th, 2008 by

People st& outside a American International Group (AIG) offices in New York September 17, 2008. (Shannon StCredit Repairleton/Credit Repair News)Credit Repair News - A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a stake of up to 49 percent in American Life Insurance Co, a unit of U.S. insurance company American International Group , a Nikkei financial daily reported.

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    (Reuters)

October’s Drop in Prices and Housing Starts (BusinessWeek Online)

November 20th, 2008 by

BusinessWeek Online - a current U.S. downturn continues to generate remarkable moves in economic data. Consider a reports on U.S. consumer prices & housing starts for October, released on Nov. 19: a headline consumer price index (CPI) registered its largest monthly decline in 61 years, while housing starts reached a slowest pace of activity in a history of this data series.

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UK mortgage lending down 44 pct from a year ago (AP)

November 20th, 2008 by

Credit Repair - Mortgage lending in Britain was down 44 percent in October compared to a year ago, furar evidence a economic downturn is hurting an already weak property market, a Council of Mortgage Lenders said Thursday.

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Senate to probe bond-ratings firms: report (Reuters)

November 20th, 2008 by

Senator Norm Coleman speaks at a second session of a 2008 Republican National Convention in St. Paul, Minnesota September 2, 2008. (Brian Snyder/Credit Repair News)Credit Repair News - A U.S. Senate subcommittee is opening a probe into causes of a global financial crisis, focusing in part on whear bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collCredit Repairsed, a Wall Street Journal said.

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U.S. probing Golden West lending, sale: prosecutor (Reuters)

November 19th, 2008 by

Credit Repair News - a government is investigating if homeowners were misled by California bank & mortgage issuer Golden West Financial, which was acquired by Wachovia Corp — anoar possible victim.

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MetLife says commercial mortgage portfolio safe (Reuters)

November 19th, 2008 by

Credit Repair News - U.S. life insurer MetLife Inc disclosed information about its commercial mortgage portfolio on Wednesday in an effort to sooa investors that have become increasingly skittish about investments by insurers in commercial property debt.

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Wall Street sinks to lowest since 2003 (Reuters)

November 19th, 2008 by

a NASDAQ Marketsite in New York, November 3, 2008. (Brendan McDermid/Credit Repair News)Credit Repair News - Stocks plunged to air lowest in five-&-a-half years on Wednesday as investors girded for a lengthy economic downturn & automotive executives predicted a far-reaching calamity without a government lifeline.

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Wall Street plunges to 5-1/2-year lows (Reuters)

November 19th, 2008 by

Traders work on a floor of a New York Stock Exchange, November 19, 2008. (Shannon StCredit Repairleton/Credit Repair News)Credit Repair News - Stocks plunged to a lowest in five & a half years on Wednesday as investors girded for a lengthy economic downturn & U.S. auto executives predicted a far-reaching calamity without a government lifeline.

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S&P 500 hits 5-1/2 year intraday low (Reuters)

November 19th, 2008 by

a NASDAQ Marketsite in New York, November 3, 2008. (Brendan McDermid/Credit Repair News)Credit Repair News - a S&P 500 hit a new intraday low going back to March 2003 as economic concerns furar discouraged investors & uncertainty surrounded a prospects of a government rescue for U.S. auto makers.

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Stocks fall on auto bailout anxiety (Reuters)

November 19th, 2008 by

a NASDAQ Marketsite in New York, November 3, 2008. (Brendan McDermid/Credit Repair News)Credit Repair News - Stocks fell on Wednesday as financial shares tumbled & uncertainty over a possible rescue for a auto industry fueled concerns about a deepening economic slump.

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