Mortgage and Financial News From 2009-2-19 Page 01

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• FDIC chief: I understand criticism of mortgage program - Newsday

  The $75-billion housing crisis fix proposed by President Barack Obama won't help many homeowners, especially those with extra-hefty mortgages that far exceed their home's value and others who own investment properties and won't get a lifeline even if ...
  2009-02-18 05:59:00

• US Patent and Trademark Office Awards InsideSales.com Patent for ... - TMCnet

  (Marketwire Via Acquire Media NewsEdge) PROVO, UT, February 19 / MARKET WIRE/ -- InsideSales.com announced today that it received notice of approval of patent number 20080298560 from the United States Patent and Trademark Office (USPTO) for its ...
  2009-02-19 05:08:00

• A.M. Best Downgrades Ratings of Genworth Financial Inc. and Its ... - StreetInsider.com

  OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has downgraded the financial strength rating (FSR) to A (Excellent) from A+ (Superior) and issuer credit ratings (ICR) to "a" from "aa-" of the key life/health insurance subsidiaries of Genworth ...
  2009-02-19 03:35:00

• Keep your home - GMTV

  Many homeowners have problems paying their mortgages, particularly if they lose a job, split up from a partner or face a sudden unexpected expense. But if you are struggling to pay, you can avoid the risk of repossession by acting quickly. What is ...
  2009-02-19 05:08:00

• Homeowners anxious for details - Boston Globe

  AnnLouise White of Dedham immediately e-mailed her mortgage broker after she heard about President Obama's ambitious $275 billion plan to help as many as 9 million struggling homeowners. White bought her house in 2007 for $415,000 and found she ...
  2009-02-19 11:20:00

• Peninsula gardener injured and family members killed in car wreck (San Mateo County Times)

  A car wreck in Mazatlan, Mexico, has seriously injured a local gardener and killed three of his family members. Alfredo Mora Salcedo, 54, a Modesto resident who commutes to the Peninsula to work for area clients, suffered multiple facial fractures in the Jan.
  2009-02-19 10:40:36

• Victims From Killing Spree Remembered (R News)

  Less than a week ago the parking lot at Lakeside Hospital in Brockport was a crime scene. Two people were murdered early on Saturday morning. Thursday night it was a place to remember those who lost their lives.
  2009-02-19 10:49:44

• Man Gets Probation (FOX 11 News Los Angeles)

  During an emotional hearing today for a man who received probation for stoking a campfire that turned into a wildfire that destroyed 53 Malibu homes and injured six firefighters, victims called the sentence an "insult."  
  2009-02-19 10:50:52

• Readers share stories of how they are dealing with economy (The Grand Rapids Press)

  In preparation for Press columnist, radio host and money management expert Dave Ramsey's visit to Grand Rapids, we asked our readers to tell us how they're grappling with the economy. They gave us an earful. Here is a sampling of...
  2009-02-19 10:52:04

• RRSP 101: Putting your RRSP to work (MSN Money Canada)

  When the future seems a little bleak, people look for money in all the wrong places - and that includes their RRSPs. According to Statistics Canada, the number of Canadians who tapped their RRSP prematurely over the past decade has been climbing steadily.
  2009-02-19 11:12:52

• The five biggest lies on Wall Street (MSN Money Canada)

  These are the tenets you counted on for years, like 'buy and hold' and heed the advice of 'experts.' Keep these whoppers in mind as you plan your financial future.
  2009-02-19 11:13:12

• President Barack Obama outlines mortgage plan (Sun-Sentinel)

  President Barack Obama on Wednesday unveiled a $75 billion plan intended to keep as many as 9 million American homeowners from falling into foreclosure.
  2009-02-19 11:58:20

• CML reports decline in January's gross mortgage lending - Banking Business Review

  According to the Council of Mortgage Lenders (CML), a slight decline is typically experienced between December and January. However, this is the lowest monthly total since April 2001. Bob Pannell, head of research at CML, said: "Mortgage lending ...
  2009-02-18 05:59:00

• Mortgage rescue scheme delays - Teletext

  A Government scheme designed to prevent people losing their homes if they suffer a sudden drop in income has yet to help anyone, it has emerged. The Homeowner Mortgage Support Scheme has still not been implemented by lenders, who are seeking more ...
  2009-02-19 09:26:00

• Repossession figures due out - Teletext

  Figures showing a jump in repossessions last year are set to be released by the Council of Mortgage Lenders. Both the number of properties that were repossessed during the final three months of last year and the total for the whole of 2008 will be ...
  2009-02-19 09:40:00

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