Mortgage and Financial News From 2008-2-28 Page 01

Previous Day: 2008-02-27

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• Thornburg Mortgage Stock Plunges On News Regarding $300 Mln Margin ...

  RTT News - ... credit-enhanced mortgage securities” that holds “triple-A” ratings and are backed by below-prime “Alt-A” mortgages ... the rating agencies, and a reluctance on the part of banks and broker-dealers to finance mortgage securities in the Reverse ...
  2008-02-28 07:24:00

• Garfield schools closed by teacher job action

  Newark Star-Ledger - Parents got the word Wednesday night, when the district used a reverse 911 system to notify them. ... We all have families, children, mortgages, and bills to pay just like everyone else.
  2008-02-28 12:53:00

• HBOS shares plunge 10% on lower profits

  Guardian Unlimited - In the first six months of 2007, Halifax lost out in the mortgage market to Northern Rock with its share of mortgages slumping ... good growth potential' in the insurance arm and an expectation that fair-value adjustments in the Treasury will reverse out ...
  2008-02-27 02:53:00

• NorthStar Realty Finance Announces Fourth Quarter and Full Year 2007 ...

  Forbes - First mortgages and junior participations in first mortgages represented 75.3% and mezzanine loans represented 24.7% of 2007 ... and revenue stream, e.g., leasing commissions and tenant improvement allowances; -- an adjustment to reverse the ...
  2008-02-28 04:39:00

• AIG Posts Biggest Loss, Misses Analysts' Estimates (Update2)

  Bloomberg - AIG has units that originate, insure and invest in subprime mortgages and said it expects more writedowns this year amid the ... Some of the unrealized losses on the guarantees will reverse over time, AIG said.
  2008-02-27 03:53:00

• Elderly Commission Budget Jumps

  TriVallyCentral - ... screenings, flu shot clinics, tai chi classes and walking groups; socialization programs such as continental breakfasts, lunches, bocce, quilting, billiards, crafts and day trips; and education programs, including presentations on reverse mortgages ...
  2008-02-27 07:11:00

• Wrkshop to present home health-care matters

  Bradenton Herald - Some of the topics are Alzheimer's care, home safety, reverse mortgages and veterans affairs. There is an opportunity for those present to ask questions, and at the end of the workshop attendees will be presented with a scenario that will allow them ...
  2008-02-27 11:24:00

• Stocks end down after more downbeat data

  MSNBC - Thornburg Mortgage Inc. plunged after the mortgage lender said it has received margin calls — calls for immediate repayment of debt — on a portfolio of securities backed by alt-A mortgages.
  2008-02-28 01:29:00

• Reverse with care

  Age - According to a recent survey by a reverse-mortgage sector group, SEQUAL, about four out of five people over 60 have heard of reverse mortgages. Yet less than half - two in five - understand how they work. The lenders' survey of 1000 seniors showed ...
  2008-02-26 03:55:00

• Reverse mortgages can help seniors

  Daily Herald - Articles on hospice services, availability of health care services in our community, healthy living habits, all appearing in past Herald issues have been, I suspect, helpful for many of your readers. Mental health, dietary habits and quality of life ...
  2008-02-24 03:57:00

• Pulling Back the Curtain on Why Reverse Mortgages are So Heavily ...

  Senior Journal - In my previous article, I mentioned an elderly couple from Florida who were considering a reverse mortgage as the answer to their financial crisis. Over the course of a year, they attended two different seminars presented by their bank. This couple ...
  2008-02-28 09:33:00

• Bernanke Vision for Fed Evokes Investors' Frustration (Update1)

  Bloomberg - Feb. 27 (Bloomberg) -- In the second week of August, the short-term fixed-income sales team at JPMorgan Securities Inc. sat ... The rush by money market funds to securities not tied to mortgages or consumers created new problems for the Fed.
  2008-02-27 07:25:00

• Rudd's last shout for our pubs

  News.com.au - Nice try Rudd, we have to work like dogs to pay our mortgages and when we get home late from our second job and want a drink to unwind it's too bad.
  2008-02-25 03:56:00

• HBOS Profits Down After Tough 12 Months

  Ananova - The bank captured 22% of new mortgages in the second half of last year but said it would put profitability ahead of market share in future. HBOS said:
  2008-02-26 11:40:00

• Sri Lanka could be buffeted by post sub-prime caution: banker

  Lanka Business Online - Rajakaruna says lenders had forgotten basic risk management practices and getting second mortgages (re-financing the paid-down portion or 'equity' of a mortgaged house) despite property being deadly for banks historically.
  2008-02-26 05:49:00

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