Mortgage and Financial News From 2007-8-28 Page 16

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  • Finally, Some Stocks Look Like Bargains

    Barron's Online - They had to reverse their short sales, which were correct intellectually. But if you are all short the same stock and the ... I'm not going to worry about mortgages failing and about a few people who can't make it to Disneyland. Are you concerned about ...
    2007-08-27 06:56:00

  • Lawmakers to crackdown on ‘unethical’ lenders

    Buffalo News - ... lending practices have fed a growing national wave of foreclosures affecting millions of people with subprime home mortgages. ... and SUV on Route 20 Three killed when SUV collides with semi on Route 20 Former state employee wins $150,000 in reverse ...
    2007-08-27 10:49:00

  • Lewis Vows U.S. Best for Earnings as Slump Persists (Update4)

    Bloomberg - ... merits of a strategy based on domestic-driven earnings, the decision by Lewis to invest in Countrywide also kept the stock market from extending its summer swoon and relieved the gridlock in the money markets infected by defaulted subprime mortgages ...
    2007-08-27 12:55:00

  • Stocks End Lower After Home Sales Data

    Newsday - Inventories rose 5.1 percent to a record 4.59 million units. The pullback perhaps wasn't unexpected given last week's rally and that Wall Street is still trying to sort out concerns about failing mortgages and tighter access to credit for both ...
    2007-08-27 08:51:00

  • Events & More

    Daily Southtown - ... speak before the Kiwanis Club of Beverly Golden "K" at 10 a.m. Wednesday at Midwest American Bank, 10801 S. Western Ave., Chicago. Abdullah will explain the workings of the Recorder of Deeds office and discuss home repair fraud, reverse mortgages ...
    2007-08-28 09:15:00

  • Events & More (Daily Southtown)

    Resident registration for all fall programs offered by the Burbank Park District, 8050 S. Newcastle Ave., is under way at Newcastle Park Recreation Center.
    2007-08-28 09:29:17

  • House-rich and cash-poor seniors? (Pioneer Press)

    If you, your parents or other seniors in your life are sitting on a big load of home equity while struggling to get by each month on a fixed income, consider a Home Equity Conversion Mortgage, often referred to as a "reverse mortgage." If you own a home, are at least 62 and have enough equity in your home, you can get a reverse mortgage. There are no special income or medical requirements.
    2007-08-28 05:06:00

  • Market still worry about the credit turmoil

    FXStreet.com - Nevertheless he supports the idea of giving the Federal Housing Administration (FHA) more flexibility to help those facing foreclosure to refinance their homes. This could be the prelude of new legislation in Congress Recently, Senate Banking Chairman ...
    2007-08-28 09:08:00

  • Senator Schumer's solutions to sub prime problem

    Capital News 9 - ... by urging the Federal Trade Commission fine violators, licensing mortgage brokers across the country, setting a suitability standard that stops brokers from selling to people who won't be able to afford the loans, and Helping at risk people refinance ...
    2007-08-28 08:39:00

  • Unsold homes in US rise by 5%

    MSN MoneyCentral - Economists fear a vicious circle as rising defaults on high-risk subprime mortgages trigger a crisis of confidence in credit markets that will weigh on demand and make it more difficult for distressed homeowners to sell or refinance their property. ...
    2007-08-28 12:11:00

  • RAMS pro-forma profit up 49pc

    News.com.au - RAMS reiterated today that it has a 180-day period in which to refinance the programs. During the refinancing period the interest rate payable by RAMS will be fixed at LIBOR plus 25 basis points. "The directors anticipate that this increase in the ...
    2007-08-28 03:32:00

  • State foreclosure task force debates language

    Daily Record - Provide options for homeowners to refinance or restructure their mortgages: Providing income tax forgiveness on loan re-adjustments and affordable fixed-rate financing options for borrowers seeking to refinance their mortgages. -- Improve Ohio's ...
    2007-08-28 07:56:00

  • Restructuring experts suddenly find themselves in demand

    Globe and Mail - Steel will buy the Canadian company, refinance its debt and top up its pension plan. JPMorgan is advising U.S. Steel on the purchase and teaming up with Scotia Capital to offer $900-million (U.S.) of credit facilities that will be used to retire ...
    2007-08-28 07:35:00

  • College credit that fails students

    Los Angeles Times - They can never refinance again, no matter how interest rates fluctuate or how badly their lenders treat them. But this is only the tip of the iceberg: Sallie Mae and other student loan interests also had lobbied heavily for legislation that took away ...
    2007-08-28 06:52:00

  • Council factions agree ... about bankruptcy

    Observer-Reporter - That's what happened Monday when a vote to adopt an ordinance to refinance $2,905,000 of the city's debt at a fixed interest rate failed with a tie vote. Money also would have been used to repay a Washington County Authority loan. Voting to refinance ...
    2007-08-28 07:13:00

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