Archive for October 24th, 2011

LATimes: U.S. credit rating facing another cut soon, Bank of America warns

  • Written by Administrator
  • Posted October 24, 2011 at 11:08 am

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Money & Company
Tracking the market and economic trends that shape your finances.
October 23, 2011 | 2:40 pm

America’s credit rating is likely to take another hit before the end of 2011, threatening renewed market turmoil, Bank of America Merrill Lynch economists warn.

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Filed under: Budget, Business, Economy, Finance, In the News, U.S. Government, U.S. Treasury

LATimes: Obama administration ramps up mortgage refinancing effort

  • Written by Administrator
  • Posted at 11:04 am

The White House hopes by the end of the month to announce changes that will make it easier for more homeowners — perhaps millions more — to participate.

By Don Lee, Los Angeles Times
October 24, 2011, 12:54 a.m.

Reporting from Washington— The Obama administration, worried that the housing crisis is strangling the economic recovery, is stepping up efforts to aid the battered market as another wave of home foreclosures threatens to drive values down further and rattle consumer confidence again.

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Filed under: Business, Economy, Finance, In the News, Politics, Real Estate, U.S. Government