Mortgage and Financial News From 2010-3-5 Page 01
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Poverty Formula Revised: New Method Doubles Number Of Elderly Poor - Huffingtonpost.com
WASHINGTON — The government took steps Tuesday to highlight the increasing numbers of poor Americans, adopting a revised formula that is expected to double the number of older people classified as living in poverty to nearly 1 in 5. Under the new ...
2010-03-02 10:11:00 -
LJ Best of 2009 Business Books: 32 Titles - Library Journal
It should come as no surprise that a large share of this year's business books focus squarely on the 2008-09 financial crisis and security-backed mortgage implosion. Investing books followed the trend as either alarmist titles advocating selling ...
2010-03-04 10:30:00 -
HOMEQ Corporation Announces the Release of its 2009 Annual Financial ... - Stockhouse
November 2009 is a milestone for the widespread acceptance of the reverse mortgage option. Although reverse mortgage rates were at a historic low ... In calculating adjusted net income and adjusted return on equity HOMEQ removes certain items from ...
2010-03-04 04:57:00 -
March 2010 - Weblogs.sun-sentinel.com
Incoming Senate President Mike Haridopolos, R-Indiatlantic, is taking the reins on the Seminole gambling issue this session, it appears. In an interview, Haridopolos said he’s hoping the state goes to a more “open venue” for gambling, whether ...
2010-03-05 01:56:00 -
The Downside of Hedging Interest Rate Risk with Mandatory Loan ... - MortgageNewsDaily.com
We are often asked whether or not a mortgage banker should be actively managing interest rate risk via mandatory commitment loan sales. We recently provided information from a prominent hedging consultant firm regarding the pricing spread between ...
2010-03-05 04:05:00 -
New York Times Rolls Out New 'Real Estate' iPhone App - The Business Insider
The New York Times launched a new, free iPhone app catered to apartment hunters. The "New York Times Real Estate" app, released March 2 , allows users to search for listings and refine results; view detailed property listings with photos, floorplans ...
2010-03-05 05:10:00 -
Request to block Fred Meyer annexation expires - Fairbanks Daily News-Miner
Request to block Fred Meyer annexation expiresFairbanks Daily News-MinerThe bill, which would alter the formula used to calculate year-to-year state aid for schools, drew both positive and negative comments at a hearing ...
2010-03-05 03:00:26 -
How much home can I afford? - LoanSafe
How much home can I afford?LoanSafe... common interest rate for this type of mortgage. 4. Once you have completed the steps above, all you have to do is click the button that says “calculate. ...
2010-03-05 12:05:54 -
Treasury Restates Support For Fannie, Freddie After Barney Frank's 'No ... - The Business Insider
WASHINGTON (AP) — The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the ...
2010-03-05 04:05:00 -
LSB Financial Corp. Announces Year-end and Fourth Quarter Results and ... - Investors Business Daily
LAFAYETTE, Ind., March 5, 2010 /PRNewswire via COMTEX/ -- LSB Financial Corp. ( LSBI ), the parent company of Lafayette Savings Bank, FSB, today reported unaudited net income for 2009 of $460,000 or $0.30 per share, compared to net income of $1.74 ...
2010-03-05 05:31:00 -
Consumer borrowing up in January after 11 declines - Winona Daily News
The Fed's measure of consumer borrowing excludes home mortgages and other types of credit secured by real estate. The 11 straight months of declines in overall borrowing through December marked the longest such stretch on records that go back to the ...
2010-03-05 06:36:00 -
Obama Plan To Modify Second Mortgages Has Yet To Help One Homeowner - Huffingtonpost.com
In addition, second mortgages often complicate or prevent modification or refinancing of a first mortgage. The Second Lien Program will help create a sustainably affordable mortgage payment for millions of homeowners who qualify for a first mortgage ...
2010-03-05 04:20:00 -
Low-Rate ARMs and High Anxiety - Yahoo Finance
Many mortgage borrowers with adjustable rate mortgages (ARMs) on which the rate has adjusted within recent years are enjoying extremely low interest rates. This reflects the unusually low levels of the rate indexes used by most ARMs. But these low ...
2010-03-05 05:31:00 -
State's revised jobless rate a cause for worry - San Jose Mercury News
The job markets in California and the United States may have hit bottom this year, separate reports released Friday suggest. But worse-than-expected weakness during 2009 for California employment may make the climb to recovery far longer. California ...
2010-03-05 06:00:00 -
Fed Foreclosure Help By May: Is It In Time? - Lasvegas Now
Many aren't qualifying for government- sponsored bank programs to refinance. "We can't walk away right now ... The McCrackens say a 3-percent home mortgage would rescue them. But, with bank difficulties and government plans that have so far been only ...
2010-03-05 06:57:00