Mortgage and Financial News From 2009-6-26 Page 01
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Reverse mortgages focus of hearing near St. Louis - Jefferson City News Tribune Online
ST. LOUIS (AP) -- Sen. Claire McCaskill will be in St. Louis County next week to chair a Senate field hearing about reverse mortgages. The hearing is scheduled for Monday at OCHS Senior Center in University City. McCaskill's office says elderly ...
2009-06-23 08:10:00 -
Regulator warns on rev mortgages - Financial Standard
The Australian Securities and Investments Commission (ASIC) and Paul Clitheroe's financial literacy team launched an information guide around reverse mortgages, warning consumers about the possible pitfalls. Thinking of using the equity in your home ...
2009-06-22 05:30:00 -
US 30-year mortgage rate jumped on Thursday-Zillow - Reuters - Turkish Weekly
The Money TimesUS 30-year mortgage rate jumped on Thursday-ZillowReutersBy Julie Haviv NEW YORK, June 18 (Reuters) - Interest rates on US 30-year fixed-rate mortgages rose to 5.57 percent late Thursday after hovering around 5.47 percent on Wednesday ...
2009-06-21 11:19:00 -
Opus Capital Markets Consultants Acquires MDMC Due Diligence Services ... - PR Inside
Opus Capital Markets Consultants, LLC (Opus CMC) and Mortgage Data Management Company (MDMC) announced today the acquisition of the due diligence division of MDMC by Opus CMC. This integration combines two of the largest providers of due diligence ...
2009-06-26 02:04:00 -
Asia developers upbeat as home sales rebound - ABS-CBN
SINGAPORE - Asian property firms are beginning to see light at the end of the tunnel and several are positioning for an upturn even as the world economy struggles to recover from its worst recession in decades. The mood among U.S. and European ...
2009-06-26 08:10:00 -
Seniors hear pros, cons of reverse mortgages - Carlsbad Current-Argus
CARLSBAD — Local seniors had the chance this week to learn about reverse mortgages, an oft-touted financial move but one that may not be right for every retiree. Bill Morrison, advocacy volunteer with New Mexico American Association of Retired ...
2009-06-17 07:59:00 -
Rev mortgage guide "out of date": RBS - Financial Standard
Rev mortgage guide "out of date": RBSFinancial StandardHowever, Martin Lynch, head of reverse mortgages at RBS, said while the information within the guide is correct, he is disappointed with the tone of the ...and more »
2009-06-25 08:50:30 -
Puerto Rico Means Business: Interview With Money House President ... - Reverse Mortgage Daily
Puerto Rico Means Business: Interview With Money House President ...Reverse Mortgage DailyWhile states like California and Florida get most of the attention in the reverse mortgage industry, there is lots of buzz about Puerto Rico being the next ...and more »
2009-06-25 02:53:23 -
Concerns Raised About FHA Reverse Mortgage Program in Declining Market - Inside Mortgage Finance
Concerns Raised About FHA Reverse Mortgage Program in Declining MarketInside Mortgage FinanceAlthough the government's FHA-insured reverse mortgage program hasn't seen the kind of explosive growth that the main FHA product has enjoyed over the last ...and more »
2009-06-25 09:56:11 -
Premier Reverse Closings now accepting orders for manufactured ... - National Mortgage Professional Magazine
Premier Reverse Closings now accepting orders for manufactured ...National Mortgage Professional MagazineThe change comes with much anticipation, as PRC has been asked by multiple lenders within the reverse mortgage arena to be prepared to close loans for ...and more »
2009-06-26 03:48:11 -
Seven Ways to Avoid Tapping Retirement Cash - CNBC
As the economy slumps and unemployment rises, cash-strapped borrowers are looking for funds anywhere they can find them. However, don't tap your 401(k) or other retirement plan when looking for cash. CNBC.com "A 401(k) is money for your future," says ...
2009-06-26 11:13:00 -
New rules frustrate recovery - Atlanta Journal Constitution
We’ve gone from signing your name with an X and getting a king’s ransom for a mortgage on a McMansion to producing a ream of pay stubs, bank statements, 401 (k) documents, background checks, credit reports, swearing of oaths and lie detector ...
2009-06-26 01:43:00 -
10 Simple Ways To Improve Your Credit - Edmonton Sun
While today's low interest rates make it a great time to borrow money for purchases such as a home, tighter lending requirements mean that only those with high credit scores can qualify for these rates, or in some cases even qualify for a loan at all ...
2009-06-23 08:35:00 -
EU could scupper government Rock deal - This is Money
The Treasury wants to split the Rock into a 'good bank', buoyed with £14bn of taxpayer cash, and a bad bank, consisting of the mortgage giant's toxic loans. The aim is to get the healthy bank lending to credit-starved homebuyers again before ...
2009-06-26 04:42:00 -
In Which We Feel Bad About Judging Angelo Mozilo by the Color of His ... - Nymag.com
Countrywide opened new offices in inner-city areas, created counselling centers, and loosened some lending standards, to include borrowers with less than pristine credit histories. Between 1993 and 1994, the company's loans to African American ...
2009-06-26 05:03:00