Mortgage and Financial News From 2008-2-13 Page 18

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  • Lower rates yet to loosen pocketbooks of lenders (Minneapolis-St. Paul Star Tribune)

    Although the Fed cut interest rates twice last month, it's now costing more to borrow money, as subprime losses mount.
    2008-02-13 07:07:14

  • Mortgage fraud: Otsego deal too good to be true (Minneapolis-St. Paul Star Tribune)

    When Richard Tonn saw an ad in 2006 promising riches by investing in real estate, the Minnetonka man thought it would be a good way to nearly double his $27,000-a-year salary as a nursing assistant.
    2008-02-13 07:48:06

  • Foreclosures keep skyrocketing (The Californian)

    RIVERSIDE -- The number of foreclosures in Riverside County continued to rise at a meteoric pace in January, increasing the downward pressure on local home prices and flooding the regular home market.
    2008-02-13 07:58:46

  • Stocks Remain Positive In Mid-Afternoon Trading - U.S. Commentary []

    RTT News - The new program is expanded to all mortgages from its previous focus on individuals who had taken out high-cost subprime loans ... The Morgan Stanley REIT Index is up 2.5 percent, helping to reverse some of the losses posted in the previous two sessions ...
    2008-02-12 11:39:00

  • Bush introduces new foreclosure help plan

    WJRT - Over the past few months the government has been actively trying to reverse this trend. And the number of options for ... And Thompson is paying on two mortgages. "Let me put it this way. When it sells, that will be a happy day for me," he said. ...
    2008-02-11 03:58:00

  • Romreal Ltd. - Romania Economic Update: Time To Take A Breath

    ABN Newswire - The strong currency also has to some degree helped to hold down imported inflation but a weakening could reverse this ... The value of mortgages reached RON 12bn (EUR 3.4bn) at the end of October, 4 times lower than the balance of consumer ...
    2008-02-13 05:19:00

  • Elmer Smith: To help Uncle Sam, spend tax rebates frivolously

    Philadelphia Daily News - If we bank it, pay our mortgages with it or buy products made overseas, we are not doing our part. To maximize the benefit, we ... Too bad he didn't get that point across back when the president was doing his reverse Robin Hood thing, wringing billions ...
    2008-02-11 03:58:00

  • LOOMING RECESSION I

    International Herald Tribune - ... through the 1990s and even faster from 2002 to 2006, they turned their homes into piggy banks by refinancing home mortgages ... The tax credit functions like a reverse income tax. Enlarging it would mean giving workers at the bottom a bigger wage ...
    2008-02-13 07:20:00

  • Mark Maupin, Real Estate Investor and Wayne Community College ...

    PR Inside - He will discuss how to find buyers before purchasing properties, exit strategies for selling the property at top dollar, taking over foreclosures without financial risk, wholesaling real estate, reverse mortgages, and more. He will introduce a new ...
    2008-02-10 03:59:00

  • Local Real Estate Entrepreneur is Looking for Partners for a Joint ...

    PR Inside - Reverse mortgages for seniors are gaining popularity today, says Maupin. With business cutbacks and less opportunity for pension programs, seniors are having trouble making ends meet, Mark explains. A reverse mortgage allows a senior to borrow ...
    2008-02-13 05:54:00

  • American Home Bank Encourages Builders to Promote Reverse Mortgage for ...

    Forbes - Since reverse mortgages do not require repayment as long as the homeowners occupy the property, the "reverse for purchase" option allows buyers to finance the new home without also taking on future monthly loan payments. "Reverse mortgages are ideal ...
    2008-02-13 07:56:00

  • Romreal Ltd. - Romania Economic Update: Time To Take A Breath - ABN Newswire (press release)

    Romreal Ltd. - Romania Economic Update: Time To Take A BreathABN Newswire (press release), Australia - 14 hours agoThe strong currency also has to some degree helped to hold down imported inflation but a weakening could reverse this effect, unless the trade balance ...
    2008-02-13 05:32:05

  • FUND VIEW-Harder to spring debt market from trap -Annaly - Guardian Unlimited

    FUND VIEW-Harder to spring debt market from trap -AnnalyGuardian Unlimited, UK - 14 hours ago... but demand for credit in a boom market kept mortgage spreads tight. Now the reverse dynamic is taking place as the Fed cuts rates but spreads stay wide, ...
    2008-02-13 05:47:26

  • SEQUAL teams with ASIC on equity release - InvestorDaily

    SEQUAL teams with ASIC on equity releaseInvestorDaily, Australia - 12 hours ago"It's about understanding how to use your equity in retirement and that's not just about reverse mortgages," Dell said. The research found 28 per cent of ...
    2008-02-13 07:29:55

  • Bar may be spared bumps in ride through recession - Massachusetts Lawyers Weekly

    Bar may be spared bumps in ride through recessionMassachusetts Lawyers Weekly, MA - 11 hours agoReverse mortgages: Is that a tie-in? Of course, this depends on the size of your firm. A big firm with many different practices can shift their resources ...
    2008-02-13 08:33:36

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