Mortgage and Financial News From 2007-9-17 Page 16
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Today's calendar
Arizona Daily Star - Here are last-minute reminders about some of the events on today's local calendar. Women & money seminar planned The YWCA Tucson Women and Money Program presents a free seminar on reverse mortgages from 10 to 11:30 a.m. today (9/17) at the YWCA, 525 ...
2007-09-17 10:05:00 -
Reverse mortgage limit scrapped in FHA reform - sources
Reuters - WASHINGTON, Sept 17 (Reuters) - Two key leaders of the U.S. Senate Banking Committee have agreed to scrap a limit on the number of reverse annuity mortgages that a federal insurance program may underwrite, sources familiar with the discussions said ...
2007-09-17 10:27:00 -
UPDATE 1-Reverse mortgage limit scrapped in FHA reform - sources
Reuters - Last: WASHINGTON, Sept 17 (Reuters) - Two key leaders of the U.S. Senate Banking Committee have agreed to scrap a limit on the number of reverse annuity mortgages that a federal insurance program may underwrite, sources familiar with the discussions ...
2007-09-17 10:48:00 -
Joffrey Long: Reverse Mortgages - Wait and Lose $30,000
Forbes - GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A recent article published by a major Organization for Retired Persons offers what looks like a poorly thought out suggestion. The article suggests that those considering a reverse mortgage "wait it out ...
2007-09-17 10:48:00 -
More Risky Business (US News & World Report)
Earthquakes have taught vulnerable countries to impose stricter architectural standards so that buildings don't fall down at the first tremor. Something like that will have to follow the shock to our new financial architecture, now experiencing its first major crisis.
2007-09-17 07:04:18 -
Business Briefs: Sept. 17, 2007 (The Record Searchlight)
• Medicare benefit to change in 2008 • Reverse Mortgage class planned at the library • Stock car driver to help open MetroPCS • People in Business
2007-09-17 05:50:13 -
Joffrey Long: Reverse Mortgage Benefits to Be Reduced (PR Newswire via Yahoo! Finance)
A favorite reverse mortgage program -- one that gave borrowers the most in cash, monthly income, or credit line benefits, is soon to end.
2007-09-17 09:46:00 -
Joffrey Long: Reverse Mortgages - Wait and Lose $30,000 (PR Newswire via Yahoo! Finance)
A recent article published by a major Organization for Retired Persons offers what looks like a poorly thought out suggestion.
2007-09-17 10:50:00 -
Hartford Says Hedge Funds Hurt Investment Yields (Update1)
Bloomberg - The assets, 2.1 percent of the Hartford, Connecticut-based company's holdings, returned about 20 percent in the second ... The company said it had $2.9 billion in bonds backed by residential mortgages made to subprime borrowers as of August 31, 85 ...
2007-09-17 09:08:00 -
UK bank bailout fuels credit crisis
New Zealand Herald - The Bank of England has not had to bankroll a British lender since the 1973 collapse of Cedar Holdings, a pioneer of second mortgages, triggered a crisis of confidence that threatened to unravel the banking system. That rescue cost about £3 billion ...
2007-09-16 02:24:00 -
Blackstone's June IPO Was an Omen for the Markets: David Pauly
Bloomberg - Schwarzman's and Peterson's company has a second problem stemming from the collapse of the market in mortgages made to unworthy buyers. Blackstone had $20 billion of its $88 billion in assets as of May 1 invested in hedge funds, those pools of money ...
2007-09-17 02:49:00 -
US Household Net Worth Up 2.1% To $57.86 Tln In 2nd Qtr
FXStreet.com - In the second quarter, net issuance of open market paper, corporate bonds, and mortgages exceeded the pace in the preceding quarter," the Fed said. The financing gap - the amount of money companies must raise externally to finance their capital ...
2007-09-17 08:54:00 -
French Stocks Decline, Led by Schneider Electric, BNP Paribas
Bloomberg - Concern over subprime mortgages in the U.S. has driven borrowing costs higher. Shares in Northern Rock Plc tumbled for a second day after the U.K. mortgage lender said Sept. 14 it tapped emergency funding from the Bank of England. Customers lined up ...
2007-09-17 10:20:00 -
Ferrovial, Sacyr Shares Drop on Borrowing Concerns (Update3)
Bloomberg - Sept. 17 (Bloomberg) -- Grupo Ferrovial SA, Spain's second- largest builder, and Sacyr Vallehermoso SA fell in Madrid ... The collapse of subprime mortgages in the U.S. has driven borrowing costs higher and Ferrovial may have to delay its 7.8 ...
2007-09-17 09:01:00 -
Denny's Reaffirms FY07 Guidance, Outlines Reorganization - Update ...
RTT News - The company said its loan sale revenue would include the write down of the value of "Alt-A" and second mortgages held for sale as the investor market for those loans has dried up. In the filing, the company said it would increase its reserve for ...
2007-09-17 05:55:00
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