Mortgage and Financial News From 2008-2-13 Page 19

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  • American Home Bank Encourages Builders to Promote Reverse Mortgage ... - PR-Inside.com (Pressemitteilung)

    American Home Bank Encourages Builders to Promote Reverse Mortgage ...PR-Inside.com (Pressemitteilung), Austria - 9 hours agoSince reverse mortgages do not require repayment as long as the homeowners occupy the property, the "reverse for purchase" option allows buyers to finance ...
    2008-02-13 10:14:17

  • State Bank Corp. Reports Results for the Fourth Quarter and Full ... - FOXBusiness

    State Bank Corp. Reports Results for the Fourth Quarter and Full ...FOXBusiness - 8 hours agoThis group has never ventured into subprime lending, and is now originating and underwriting FHA loans, VA loans and delivering reverse mortgages. ...
    2008-02-13 11:15:13

  • Retirees know little about reverse mortgages: study - IBN News

    Retirees know little about reverse mortgages: studyIBN News, Australia - 5 hours agoA reverse mortgage study by Sequal-RFI found 31 percent of over-60s expected to rely on their house as a source of funding. "However, most thought they ...
    2008-02-13 02:54:26

  • Reverse mortgages continue to confuse - Money Management

    Reverse mortgages continue to confuseMoney Management, Australia - 4 hours agoBy Liam Egan Nearly 80 per cent of Australians aged 60 and over have heard of reverse mortgages but as few as 40 per cent understand the basic premise of ...
    2008-02-13 03:07:43

  • As Rome Burned, the Emperor Fiddled - Monthly Review

    As Rome Burned, the Emperor FiddledMonthly Review, VA - 4 hours agoLeaders of private enterprise and their mouthpieces in the media and academia begin to reverse themselves. Suddenly they want the state -- that wasteful, ...
    2008-02-13 03:29:40

  • SEQUAL calls for better RM literacy - The Financial Standard

    SEQUAL calls for better RM literacyThe Financial Standard, Australia - 2 hours agoReverse mortgage peak body, SEQUAL, is calling for government support to educate retirees on the benefits of reverse mortgages after a survey revealed 60 ...
    2008-02-13 05:24:26

  • Totally spent (International Herald Tribune)

    America is sliding into recession, and Washington is turning to the normal remedies. But they are not likely to work, because this isn't a normal downturn.
    2008-02-13 07:33:29

  • BlackBerry Outage Caused by Upgrade

    Newsday - It was the second major outage for the service in less than a year. In April, a minor software upgrade crashed the system for all users. A smaller disruption in September also was caused by a software glitch. RIM, which is based in Waterloo, Ontario ...
    2008-02-11 03:58:00

  • Buffett offers to help bond insurers

    USA Today - Instead, they pushed into more profitable yet riskier lines, such as insuring bonds backed by subprime mortgages. Rating agencies now fear that the bond insurers won't have enough cash on hand to pay out claims to bond holders in the event of a surge ...
    2008-02-11 03:58:00

  • Morgan Stanley to Cut 1,000 U.S., U.K. Mortgage Jobs (Update4)

    Bloomberg - Feb. 13 (Bloomberg) -- Morgan Stanley, the second-biggest U.S. securities firm, will eliminate 1,000 jobs by scaling back ... Morgan Stanley, which reported its first quarterly loss in December, cut 900 jobs in 2007 from areas that offered mortgages ...
    2008-02-13 01:32:00

  • Morgan Stanley cuts 1,000 mortgage jobs

    BusinessWeek - Morgan Stanley on Wednesday said it will cut 1,000 jobs as the nation's second-largest investment bank trims its ... It will also offer residential mortgages to brokerage clients through Morgan Stanley Credit Corp. It couldn't immediately be ...
    2008-02-13 02:37:00

  • Japan's subprime losses hit $4.5bn

    News.com.au - Last month, Japan's second-largest bank Mizuho Financial said it had lost ¥345 billion from the subprime crisis, which was sparked by a wave of Americans defaulting on subprime, or risky, mortgages that were often bundled up and resold. Other ...
    2008-02-13 04:31:00

  • Few foreclosures in Kingsburg, market is mixed bag for all

    Kingsburg Reocrder - With the drop in home values, Villines has heard from many past customers who are now looking to refinance, consolidate first and second mortgages, or get a lower interest rate. Many who got mortgages with adjustable rates or 100 percent financing ...
    2008-02-13 03:13:00

  • Rebate Checks in the Mail by Spring

    Guardian Unlimited - That has plunged the housing market even deeper into turmoil. House Speaker Nancy Pelosi of California said the provisions will provide ``families a second chance at the American dream of homeownership by helping them refinance their mortgages and ...
    2008-02-13 05:50:00

  • Local Gold Star Mortgage quietly expands

    MLive.com - It specializes in first and second mortgages, refinancing and debt consolidation. "Because of all these (subprime and credit) issues, we have been able to grow," said Milstein, 32. "We have expanded over 100 percent in the past year. ... (Gold Star ...
    2008-02-13 01:04:00

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