Tucson / Marana, AZ Real Estate - Maria Powell

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McCain and Obama clash on taxes early in debate (Reuters)	10/15/2008 7:23 PM
Reuters - Republican John McCain and Democrat Barack Obama fought over their tax plans and promised to help working Americans like "Joe the plumber" early in their final presidential debate on Wednesday.
JPMorgan profit sinks as credit deteriorates (AP)	10/15/2008 1:41 PM
AP - JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.
Some Cities Will Be Safer in a Recession (BusinessWeek Online)	10/15/2008 6:08 AM
BusinessWeek Online - Oct. 13's 937-point surge in the Dow notwithstanding, the economic crisis has left Americans -- even those with no obvious connection to Wall Street -- wondering about their own future. The 401(k)s of many Americans are still on shaky ground, foreclosures are spiking, and employers in big cities and small towns alike are struggling to adapt to a new environment of tight credit and feeble consumer spending.
Bush, Paulson take new approach to economic crisis (AP)	10/14/2008 10:02 PM
AP - The Bush administration's latest effort to resolve the financial crisis embraces an approach it had resisted just a few weeks ago.
Major elements in rescue program (AP)	10/14/2008 4:36 PM
AP - Major elements of the government's revamped $700 billion package to rescue the financial system and help homeowners facing foreclosures on their mortgages:
Palin: Mortgage plan not a handout, but a hand up (AP)	10/14/2008 3:32 PM
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."
Today on the presidential campaign trail (AP)	10/14/2008 3:56 PM
AP - McCain's $52.5 billion economic plan would insure 100 percent of all savings for 6 months ... Biden says McCain offers same negativity but no new ideas ... Obama says federal government's plan to invest in the nation's banks is a good idea ... Palin says McCain's mortgage proposal 'not a handout, but a hand up' ... In final debate, McCain must make up ground on Obama ... To reach younger voters, Obama buys ad space in video games
McCain, Obama Promoting Populist Appeals on Rescue (Bloomberg)	10/14/2008 7:15 AM
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.
Bush: will put capital into banks via equity stakes (Reuters)	10/14/2008 6:39 AM
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.
Former Fed chief says U.S. now in recession (Reuters)	10/14/2008 7:16 AM
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.
Worries Grow Over Commercial Real Estate (Investor's Business Daily)	10/13/2008 5:05 PM
Investor's Business Daily - As the housing market stumbled, commercial real estate still had legs to stand on.
McCain rescue plan won't include foreclosure freeze: aide (AFP)	10/13/2008 4:12 PM
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.
Obama calls for 90-day moratorium on foreclosures (AP)	10/13/2008 4:06 PM
AP - Democrat Barack Obama proposed more immediate steps Monday to heal the nation's ailing economy including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs.
Obama Offers Steps to Stem Foreclosures, Aid Families (Bloomberg)	10/13/2008 2:43 PM
Bloomberg - Oct. 13 (Bloomberg) -- Democrat Barack Obama proposed easing access to retirement accounts and imposing a 90-day moratorium on foreclosures for some homeowners as part of a plan to boost the economy and aid middle-income taxpayers.
They Warned Us About the Mortgage Crisis (BusinessWeek Online)	10/13/2008 6:08 AM
BusinessWeek Online - More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic view of the capital, the AGs from North Carolina and Iowa said lenders were pushing increasingly risky mortgages. Their host, John D. Hawke Jr., expressed skepticism.
Ohio shooting puts face on foreclosure crisis (AP)	10/12/2008 12:03 PM
AP - She shot herself in the chest Oct. 1 before she could be taken away from the foreclosed house, which was worth less than its mortgage from the day she took out the loan.
Lender drops eviction suit vs. Cook County sheriff (AP)	10/10/2008 6:22 PM
AP - A mortgage lender that tried to force the Cook County sheriff to evict a suburban Chicago woman from her home announced Friday that it has withdrawn its lawsuit.
Meltdown 101: Bankruptcy won't help borrowers much (AP)	10/10/2008 4:45 PM
AP - Can filing for bankruptcy help homeowners facing foreclosure?
Greenspan sees 1st half 2009 U.S. housing recovery (Reuters)	10/10/2008 8:17 AM
Reuters - Former Federal Reserve chairman Alan Greenspan said the U.S. housing market will begin to recover in the first half of 2009, according to an article he wrote for Emerging Markets magazine published on Friday.
A Wild Time To Buy A Home, But Some Are Answering The Call (Investor's Business Daily)	10/9/2008 4:14 PM
Investor's Business Daily - Housing could be in for more bruising despite rescue efforts, as bank balance sheets teeter, and if world financial and economic fears are realized. The risks include further falls in home prices and the prospect of more Americans facing foreclosure.

8300 N.Thornydale Rd. Ste. 108 Tucson, AZ 85741

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