Mortgage and Financial News From 2007-10-2 Page 01

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  • Letter of the day

    Morganton News Herald - Elderly homeowners with mortgages face hardships as well. Although the Federal Reverse Mortgage program is available to them, some have negative equity from using equity credit lines for repairs and rehabilitation and medical expenses making it ...
    2007-10-02 07:24:00

  • Mortgage prices will rise with lenders cashing in on rival's turmoil ...

    Guardian Unlimited - Recent weeks have already seen price increases in some types of mortgages, particularly tracker products, offered by Abbey ... These trends are already starting to reverse and it is likely to continue ... I believe 'readjustment' of pricing will ...
    2007-10-02 03:38:00

  • Griffin: New Medicaid law prompts people to give away assets earlier

    Watertown TAB & Press - Reverse mortgages, says Margolis, are sometimes appropriate. However, compared to some other possibilities, “it’s an expensive way to borrow money.” Frequently, a home equity loan makes more sense. This lawyer judges it a good idea at least to ...
    2007-10-02 10:16:00

  • COMMUNITY BULLETIN BOARD

    Winchester Star - Earl Foreman of First Bank will speak on reverse mortgages. Chapter fundraising includes catering a reunion dinner, taking orders for country ham sandwiches to be delivered Oct. 19 and selling Wolfgang candy to support a local scholarship. The social ...
    2007-10-02 09:15:00

  • Letter of the day (The Morganton News Herald)

    The Community Development Block Grant Entitlement Program allows the City of Morganton to address the housing affordability, community and economic development needs for low and moderate-income residents of Morganton.
    2007-10-02 08:28:46

  • Community Calendar (San Antonio Express-News)

    7 p.m. Wednesday, Beethoven Maennerchor, 422 Pereida. Veronika Kuest (210) 494-2083 or (210) 655-1220. Celebration of German reunification with music, dance, recitation, a guest speaker and more.
    2007-10-02 01:44:43

  • COMMUNITY BULLETIN BOARD (Winchester Star)

    The Winchester Ladies Civic League will meet at noon Friday at The Travelodge. Call 869-3724.
    2007-10-02 09:34:11

  • Home Equity Income Trust Announces Record Quarterly Originations For Q3 2007 (CNW Group via Yahoo! Finance)

    Home Equity Income Trust , which pays cash distributions earned from a portfolio of reverse mortgages originated by Canadian Home Income Plan today announced record quarterly new mortgage originations for the three months ended September 30, 2007.
    2007-10-02 03:30:00

  • Outlook Roundup: Citigroup, Acxiom

    CNBC - ... nation's largest bank took losses of more than $3 billion after writing down securities backed by underperforming mortgages and loans tied to corporate buyouts. LITTLE ROCK, Ark. (AP) _ Data company Acxiom Corp. said Monday it expects fiscal second ...
    2007-10-01 11:29:00

  • Home Equity Income Trust Announces Record Quarterly Originations For ...

    CNW Group - HOMEQ invests only in reverse mortgages and has no exposure to sub-prime mortgages, second mortgages or collateralized debt obligations. Since its IPO in 2002, the Trust has financed all of its new reverse mortgages through CHIP Mortgage Trust ...
    2007-09-29 05:58:00

  • Rams Sells A$300 Million of Debt at Higher Yields (Update3)

    Bloomberg - Rams also sold A$4.5 million of bonds with the second- highest investment grade ranking of Aa1 from Moody's Investors ... The bonds are secured by a pool of loans sold by Rams, 17.37 percent of which are so-called low-documentation mortgages. These ...
    2007-10-02 09:22:00

  • Spector Ousted by Cayne Over Too Much Bridge, Too Much Money

    Bloomberg - Both invested in financial instruments backed by subprime mortgages. ``No question that mortgage-backed securities ... From 2002 to the second quarter of '07, revenue from outside the U.S. rose to 20 percent from 9 percent. In ...
    2007-10-02 09:43:00

  • HOME SALES SLIDE

    New York Post - ... Street jobs yesterday, with Morgan Stanley saying it will fire 600 to offset its losses in the crisis over shoddy mortgages ... the weaker housing data, many investors gambled that homebuilders would recover and sent their shares rising for the second ...
    2007-10-02 10:41:00

  • Goldman to Invest $1.7 Billion in Japan Property Boom (Update1)

    Bloomberg - ... land prices rose this year for the first time since the property bubble burst in 1991, crippling the world's second-biggest ... Goldman's Whitehall unit, which acquires real estate assets, mortgages, stocks and operating companies, has raised about $20 ...
    2007-10-02 09:51:00

  • Scores of Deals Await Buyers atAuction of 400 Foreclosed Florida Homes

    PR Newswire - These loans lure borrowers with initial interest only and low teaser rates that generally skyrocket to higher rates in the second or third year of the loan, making these mortgages unaffordable for many borrowers. Some analysts predict more than 2 ...
    2007-10-02 09:08:00

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