Slow start for Hope for Homeowners mortgage refinance plan
The Hope for Homeowners program launched Oct 1 to help 400,000 troubled borrowers swap risky loans for 30 year fixed rate mortgages. Only 42 applications filed in the first two weeks, with ~60 days processing and no loans approved yet.
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Washington
Congressional Budget Office
Federal Housing Administration
Housing Wire
Steve O’halloran
Department of Housing and Urban Development
Dry weather speeds Iowa soybean harvest progress
The Iowa soybean harvest neared completion in the week ending Sunday aided by dry warm weather slowing moisture buildup. The National Agricultural Statistics Service cites 6.3 days suitable for fieldwork and a 2 percent drop in grain moisture.
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Dave DeWitte
Gazette
Iowa
National Agricultural Statistical Service
Iowa Crops & Weather Report
Bill Northey
Airlines brace for a brighter 2009 as costs shift
James May of the Air Transport Association says U.S. carriers will likely turn a profit in 2009 after a fourth quarter improvement. Airlines cut free services and raised bag fees to weather high jet fuel costs, and oil price declines bolster the industry though third quarter losses persist.
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James May
The
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Air Traffic Control Association
Boeing strike may delay 80 plane deliveries and 787 debut
An eight week walkout by Boeing Co production workers idled plants during peak output, delaying as many as 80 aircraft and pushing the 787 jetliner inaugural flight to February or March. About 27 000 machinists ended a strike with a three to one vote, with full staffing returning by November 10.
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Machinists Union
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VeraSun seeks 190 million to fund payroll amid Chapter 11 filing
VeraSun Energy Corp suspended on the NYSE after seeking 190 million to cover payroll and working capital as it and 24 subsidiaries file Chapter 11 in Delaware. The firm operates five Iowa ethanol plants and faces 1.91 billion in debt with 3.45 billion in assets.
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