Mortgage and Financial News From 2010-2-18 Page 01

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• UPDATE:Fed's Duke: Not Signaling Any Monetary Policy Change - NASDAQ

  NORFOLK, Va. -(Dow Jones)- A newly announced increase in the rate the Federal Reserve charges on emergency loans to banks doesn't signal any change in monetary policy but shows the central bank is moving to reverse the exceptional aid it provided ...
  2010-02-18 06:39:00

• Factbox: Fed's exit strategy toolkit - Reuters

  NEW YORK (Reuters) - The U.S. Federal Reserve on Thursday raised the discount rate it charges on emergency loans it makes to banks. The move represents a step in the Fed's plan to wean financial markets off the emergency measures it put in place to ...
  2010-02-18 06:10:00

• Fed raises interest rate on emergency loans to banks - Washington Post

  The Federal Reserve on Thursday took another step toward winding down its expansive efforts to prop up the financial system, raising the interest rate that banks must pay to take out emergency loans. Banks that need emergency funds through the Fed's ...
  2010-02-18 10:28:00

• Parsing reaction to Fed's surprise move - MENAFN

  Just the reverse is the case following a weaker-than-expected jobs report ... Feb 19, 2010 How lenders decide whether to modify a mortgage , MarketWatch.com If lenders deny loan-modification applications for homeowners with negative cash flow, how is ...
  2010-02-18 10:57:00

• People on the move - Oregonian

  Banfield, a pet hospital, appointed Phil Freeman to senior vice president and chief financial officer as elected by Banfield's parent company, Medical Management International Board of Directors and Mars Inc. Wells Fargo Home Mortgage has named Salem ...
  2010-02-18 08:41:00

• Brasch Words - American Reporter

  BLOOMSBURG, Pa. -- The chairman of the Republican National Committee has begun an irreversible descent into fear-bound paranoia and functional amnesia following his post-traumatic hysteria over the overwhelming victory of Democrats in the 2008 ...
  2010-02-18 11:18:00

• Fed Discount-Rate Increase Signals End to Emergency Measures - BusinessWeek

  ... signal yet that the emergency supply of liquidity to financial markets is done and the most aggressive monetary policy easing in its 96-year history will eventually reverse. Chairman Ben ... As subprime mortgage defaults began to ripple through ...
  2010-02-18 11:11:00

• Equality at Issue for MBIA - New York Times

  The insurance company is MBIA, the once-dominant insurer of municipal bonds that went badly off course when it decided to insure things like mortgage-backed securities ... securities with MBIA guarantees and want to reverse the company’s ...
  2010-02-18 11:40:00

• 02-17-10 Lawsuit Alleges Deceptive Practices Targeted Seniors - The Shopper Online

  02-17-10 Lawsuit Alleges Deceptive Practices Targeted SeniorsThe Shopper OnlineThese loans are commonly known as reverse mortgages because they allow homeowners who are 62 and older to borrow money against the equity in their homes. ...
  2010-02-17 01:15:45

• PACC Plans Homebuyer/Homeowner Evening Workshop in Crown Heights - Brooklyn Daily Eagle

  PACC Plans Homebuyer/Homeowner Evening Workshop in Crown HeightsBrooklyn Daily Eagle... tax exemptions, loans for repairs and weatherization, minor home maintenance, reverse mortgages, senior tenant programs and financial literacy. ...
  2010-02-17 01:24:39

• US Federal Reserve Meeting Minutes for January 27 (Text) - Bloomberg

  US Federal Reserve Meeting Minutes for January 27 (Text)BloombergHe also noted that the Desk intended to conduct reverse repurchase agreements (RRPs) over the course of the coming year to ensure the readiness of the ...and more »
  2010-02-17 01:28:07

• COMING SUNDAY: More than $275 in coupon savings, high school sports - Pottstown Mercury

  COMING SUNDAY: More than $275 in coupon savings, high school sportsPottstown MercuryIn this week's Legel Ease column, attorney and columnist Kathleen Martin writes a cautionary column about reverse mortgages and how they can be a financial ...
  2010-02-17 02:25:59

• Fed weighs sale of mortgage securities - CTV.ca

  Fed weighs sale of mortgage securitiesCTV.caMr. Bernanke also laid out his preferred options for reducing its balance sheet, including reverse repurchase agreements, offering term deposits to ...and more »
  2010-02-17 07:16:31

• Reverse-mortgage test a puzzler - Charleston Post Courier

  Reverse-mortgage test a puzzlerCharleston Post CourierA mandatory nationwide licensing test for reverse-mortgage counselors is stumping veteran housing specialists, some of whom have been advising ...
  2010-02-17 11:34:02

• Reverse 123 Launches Media Campaign - Reverse Mortgage Daily

  Reverse 123 Launches Media CampaignReverse Mortgage DailyThe company recently opened its reverse mortgage division and plans to bring a new marketing and business philosophy to the Florida reverse mortgage market ...and more »
  2010-02-18 10:49:46

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