Mortgage and Financial News From 2008-3-17
Previous Day: 2008-03-16
Return to the mortgage news archive home.
-
Dream ride to Cape, but a nightmare driving home
Cape Cod Today - For thousands of visitors, going to Cape Cod over Memorial Day weekend was much easier and more pleasant than heading home. The new $60 million flyover, which erased the hated rotary at the base of the Sagamore Bridge, smoothed Cape-bound travel on ...
2008-03-13 08:43:00 -
Fed announces $200-billion securities swaps to help banks
Los Angeles Times - ... and previous announcements of smaller programs to pump money into the financial system -- the Fed has been unable to reverse ... When the mortgage-finance crisis began last summer, it was centered in the so-called sub-prime loan market for mortgages made ...
2008-03-12 05:38:00 -
Paulson Proposes More Scrutiny After Mortgage Crisis (Update1)
Bloomberg - Policy makers have said they aim to address deficiencies in how lenders wrote mortgages, then packaged them into bonds rated ... than $11 billion last month from derivatives linked to subprime loans, said it expects the ``unrealized'' losses to reverse ...
2008-03-13 04:40:00 -
Positive Pre-Announcements
RTT News - In addition, the company said that it has entered into reverse purchase agreements, which are a form of collateralized short ... Thornburg focuses on mortgages used to buy more expensive homes. Earlier this month, the company said its board of directors ...
2008-03-13 10:02:00 -
Home equity no guarantee for retirement years
Pittsburgh Post-Gazette - ... over the years, the only way for a homeowner to access that value is to either sell it, borrow against it or do a reverse ... One of the problems with that is these people hoping to retire are retiring with very, very large mortgages," said Stacy ...
2008-03-15 08:58:00 -
The Cape Is Calling
Boston Globe - Housing values aren't expected to reverse their slide for another year, based on the latest economists' data. ... If they're not bank-owned, this tells us that the sellers are carrying at least two mortgages and will be more open to ...
2008-03-16 03:42:00 -
The Fed cuts: So what?
Sacramento Bee - People with reverse mortgages will see lower borrowing costs. WHO DOESN'T Savers lose when interest rates go down. People who invest in certificates of deposit, money markets, Treasury bills and savings accounts receive lower interest earnings.
2008-03-15 11:50:00 -
Investors shaken by bank troubles
MSN MoneyCentral - The question will be whether anything will reverse increasingly entrenched trends on financial markets that include a ... drying up markets, including last week's decision to allow financial firms to swap securities backed by home mortgages for ...
2008-03-16 11:06:00 -
Real-estate pros should diversify
AZCentral.com - With many baby boomers heading into their retirement years, reverse mortgages are becoming more popular. Can you market a program where you can help senior citizens acquire reverse mortgages?
2008-03-15 06:42:00 -
BRIEFCASE ยป
Daily Times - SALISBURY -- Carleen Heinrich, a certified reverse mortgage consultant with Wells Fargo Home Mortgage, will present a free seminar on the benefits and uses of a reverse mortgages Tuesday from 1 to 2 p.m. at Wicomico Free Library on South Division ...
2008-03-16 12:18:00 -
Seniors tapping homes for cash
Chicago Tribune - Reverse mortgages remain relatively rare, but their popularity is rising across the country. The loans, available only to seniors, starting at age 62, enable borrowers to transform their homes into a source of cash.
2008-03-16 11:41:00 -
Tap equity now, appreciation repays bill (Seattle Times)
Until recently, only reverse mortgages allowed homeowners to borrow against their home's equity and postpone repayment for years. Now a new deal...
2008-03-16 02:21:22 -
Investors brace for more financial fallout (International Herald Tribune)
The question will be whether anything will reverse increasingly entrenched trends that include a tumbling dollar, market sell-offs and record prices for oil and gold.
2008-03-16 04:00:52 -
Industry opposition stalls reverse mortgage regulation bill (The Yuma Sun)
PHOENIX - An effort to enact Arizona's first-ever regulation of reverse mortgages has stalled amid industry opposition.
2008-03-16 08:09:56 -
When Do I Sell My Silver? (GoldSeek.com)
I do not have a new message here; we have known for a long time that advance preparation and a strong balance sheet are the keys to riding out a financial storm. As I have emphasized before, the Federal Reserve can deal with liquidity pressures but cannot deal with solvency issues.
2008-03-16 10:53:39