Mortgage and Financial News From 2010-5-5 Page 01
Previous Day: 2010-05-04
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HOMEQ Corporation Announces Quarterly Dividend - Investors Business Daily
About HOMEQ Corporation HOMEQ's wholly owned subsidiary HomEquity Bank is Canada's only national provider of reverse mortgages to homeowners aged 60 and over, Canada's fastest growing demographic segment. HomEquity Bank originates and administers ...
2010-05-05 03:46:00 -
Avision Rolls Out Reverse Mortgage Services for ... - Reverse Mortgage Daily
Based in Hartford, CT, Avision aims to provide quality reverse mortgage education and training to assist lenders that don’t have the experience needed to offer reverse mortgages. Led by Todd Walters and Dennis Chanski, who were previously with ...
2010-05-05 02:34:00 -
Firm Capital Mortgage Investment Trust Announces First Quarter Results
TORONTO, ONTARIO--(Marketwire - May 5, 2010) - Firm Capital Mortgage Investment Trust (the "Trust") (TSX:FC.UN), today released its financial statements for the first quarter ended March 31, 2010. Management of the Trust is focused on the preservation of unitholders' equity and it is important for unitholders to understand that protecting our equity and maintaining a strong foundation for years ...
2010-05-05 05:13:08 -
Confront Your Retirement Nightmare
There's still time to change your fate.
2010-05-05 11:29:16 -
Is the Greece bail-out a good deal?
Three people have died during protests in Greece over planned austerity measures. What do you think of the bail-out?
2010-05-05 04:04:42 -
Feds Bullard Sees Little Risk in Gradually Selling Mortgages
Federal Reserve Bank of St. Louis President James Bullard said the central bank, if it were to start selling mortgage securities later this year, could start the process with "little impact" on markets by using a "reverse taper" approach to slowly unwind its balance sheet.
2010-05-04 04:45:09 -
MRG Offers Guaranteed Compliant Reverse Mortgage Documentation
DALLAS----MRG Document Technologies , a provider of mortgage technologies to banks, credit unions and other lenders nationwide, announced that it now offers reverse mortgage documents in compliance with federal and state regulations for all 50 states.
2010-05-04 08:01:00 -
Reverse Mortgages Not as Costly as They Were, Says NY Times Article
May 4, 2010 The article about these loans that allow homeowners age 62 and older to pull the equity out of their homes in cash without making payments on the loan, points out they have a reputation for being expensive, and they are.
2010-05-04 12:24:35 -
MONEYWISE: Making the reverse mortgage decision
Many seniors have steered clear of reverse mortgages because of high costs or concerns that they'll risk losing their only major asset. Recent legislative changes are making the arrangement more appealing to some seniors who sorely need cash for retirement.
2010-05-05 09:40:42 -
UPDATE 2-Swedish FSA eyes mortgage cap to curb property ... - Interactive Investor
... from several quarters of bad ... of mortgage loans at Nordea, called the 85 percent cap rather "blunt" given Sweden's vastly different geographical markets. "We would have preferred no regulations," Skytt said. "We have had the same credit ...
2010-05-05 06:56:00 -
Westpac eyes higher funding costs - Business Spectator
... increase mortgage ... slow credit growth in the system," BT Investment Management analyst Jack Chemello said. Mr Coffey told analysts it would be tough to beat the first half's strong profit growth, given the bank's already-large fall in bad-
2010-05-05 12:40:00 -
UPDATE 1-Swedish FSA seeks 85 pct loan/value mortgage ... - Interactive Investor
... expose consumers to unacceptable risks and eventually damage the confidence in the credit ... several quarters of bad loans in the crisis-hit Baltics. The FSA proposed that the new limit, the country's first-ever ceiling on mortgage borrowing in ...
2010-05-05 03:50:00 -
Editorial: The 'saching' of Goldman - MLive.com (blog)
... on the collapse of Washington Mutual, the nation’s largest failed bank; what banking regulators knew about the bad mortgage loans, which helped create the current recession; and how the actions of credit rating agencies contributed to the ...
2010-05-05 05:59:00 -
Underwater In Your Mortgage? What You Can Do - WCPO
But it's also a bad one, according to SmartMoney Magazine and most lenders. Mortgage lender Ed Hensley from Cincinnati's First Financial Bank says not only will you destroy your credit, but the lender may be able to sue you. Hensley says, "If you ...
2010-05-05 06:49:00 -
Refinancing Home Mortgages With Obama’s Housing ... - PRLog (free press release)
... mortgage modification under the Obama plan you could actually secure interest rates, as low as 2% in some cases, exploring new home mortgage refinancing options. So even if homeowners have a bad credit, no equity or other financial problems ...
2010-05-05 08:51:00