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Mortgage lifeline for Norfolk families - Evening News Norwich
Families in Norfolk will be among the first in the country to benefit from the Government's new £200m mortgage rescue scheme. Broadland District Council has been picked as one of 60 councils which can “fast track” the scheme, which could reduce ...

Massive mortgage squeeze - bbc
Net new mortgage lending is likely to fall to less than zero next year, according to a report commissioned by the Treasury from Sir James Crosby, the former chief executive of HBOS, owner of the Halifax. Sir James is warning that as homeowners are ...

Powerful gathering to stir up ideas - Omaha World-Herald
LINCOLN — Omaha promises to be a policy wonk's delight this week. For five days, beginning Wednesday, more than 500 state lawmakers, governors and other officials from across the country will gather at the Qwest Center Omaha for the 75th ...

Redundancies at buy-to-let firm - EDP 24
At least a third of staff is to be made redundant at a Norwich-based buy-to-let mortgage broker, it was announced last night. The Money Centre, one of the UK's largest independent buy-to-let mort-gage brokers, is to cut at least 20 jobs as a direct ...

Brokerage firm says Gateway owes it $2.4 million - HamptonRoads.com
An investment banking and brokerage firm has sued Gateway Financial Holdings Inc., contending that the parent of Gateway Bank & Trust Co. refused to pay $2.4 million for work and expenses related to helping Gateway raise additional capital. Stifel ...

Plan would help reduce bank-owned houses sitting vacant - HamptonRoads.com
A new federal program aimed at stabilizing neighborhoods hit by foreclosures will inject roughly $46 million into Virginia next year, with South Hampton Roads receiving as much as $10 million in help. The money, provided through the federal ...

TowneBank Receives Preliminary Approval for $76.5 Million Investment ... - MSN MoneyCentral
SUFFOLK, Va., Nov. 26, 2008 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (Nasdaq:TOWN) announced today that it has received preliminary approval for a $76.5 million investment from the U.S. Treasury Department under the TARP Capital Purchase ...

Stemming the rising tide of foreclosures - Patriot Ledger
The national numbers are staggering: An estimated 1.5 million homeowners went through foreclosure last year, and 1.2 million more went through it in the first six months of this year. The FDIC estimates that unless something is done, 4 million to 5 ...

The Real Security Challenge - Newsweek
"Ninety-five percent of American foreign and security policy is bipartisan. That's why Congress argues so hard about the last 5 percent. We have to persuade voters they're getting value for their votes." That characteristically dry observation came ...

Time of Stellar Growth for Railroads Is Over - UBS Analyst - Seekingalpha.com
The years of railroads posting stellar earnings growth are over, according to UBS analyst Rick Paterson, who issued a warning Thursday to those with a vested interest in the rails. He said in a note to clients: Any rail suggesting 2009 volumes will ...

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