Mortgage and Financial News From 2010-5-9 Page 01
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China Home Prices to Fall 30% on Government Curbs (Update1) - Bloomberg
China on May 2 raised banks’ reserve requirements for the third time this year, adding to last month’s down-payment and interest rate increases on second mortgages. The government is escalating efforts to avert asset bubbles after a record surge ...
2010-05-06 12:07:00 -
foreclose mortgage help jobless homeowners Obama - Chicago Tribune
The administration is doubling the financial sweeteners it will pay lenders to modify second mortgages. Those second mortgages have been a significant impediment to helping many homeowners. About a quarter of all homeowners are underwater — that is ...
2010-05-07 08:58:00 -
Boom-time for reverse mortgages among baby boomers - Denver Post
As Colorado's baby boomers age, an old mortgage product — the reverse mortgage — has started to get a second look. Reverse mortgages typically allow homeowners who are 62 and older to borrow against their home equity without having to repay the ...
2010-05-09 02:26:00 -
Getting run over by our toys - The Decatur Daily (subscription)
Getting run over by our toysThe Decatur Daily (subscription)According to the allegations, the CDO was created with the expectation that housing prices would fall, and was loaded with high-risk mortgages. ...and more »
2010-05-09 07:06:21 -
Seabreeze car wash demolition begins on schedule - Historic City News
Seabreeze car wash demolition begins on scheduleHistoric City NewsThe property was in foreclosure with mortgages totaling $233000 — $171000 of which was a second mortgage that the previous owners of the car wash owed to ...
2010-05-09 07:47:15 -
Ayala Land to launch 15 to 20 additional residential projects - BusinessWorld Online
Ayala Land to launch 15 to 20 additional residential projectsBusinessWorld OnlineIn December, the REIT bill, which will allow companies to use pooled capital of investors to buy and manage income-generating property and mortgages, ...and more »
2010-05-09 10:21:25 -
Securities lending under scrutiny - Financial Times
Securities lending under scrutinyFinancial TimesSecond, people are watching developments on the regulatory side, for example, how hedge funds are going to be regulated. There's a holding pattern, ...
2010-05-09 12:56:22 -
Second-tier focus puts developer in good shape - The Standard
Second-tier focus puts developer in good shapeThe StandardBut chairman Wong Chiu-yeung noted the move to ban non-locals from getting mortgages will hit second-tier cities. SCE is asking about 7500 yuan (HK$8550) ...
2010-05-09 02:34:26 -
Anatomy of a mandate loss: why Vervoer parted with Goldman - Financial News
Anatomy of a mandate loss: why Vervoer parted with GoldmanFinancial NewsIn their technical process, they are almost second to none, I would say. But, as always, it is the bottom line that counts.” Pensioenfonds Vervoer's results ...
2010-05-09 06:12:24 -
Profits rise at Goldman's Irish unit - Irish Times
Profits rise at Goldman's Irish unitIrish Times... derivatives investors about the significant role played by a US hedge fund in selecting the mortgages that would determine the products' performance. ...and more »
2010-05-09 06:35:48 -
Day planner - Augusta Chronicle
Day plannerAugusta ChronicleIncome opportunities in real estate, mortgages and investment services; Thursdays, 7 pm, Clarion Suites, 3038 Washington Road; free; call to reserve seats, ...
2010-05-09 07:55:16 -
Ministry, Business, Baseball: All Rewarding - The Ledger
Ministry, Business, Baseball: All RewardingThe LedgerBut in his second year of school, Diaz contracted mononucleosis and couldn't play on the team or attend class. He traveled to Florida to recover from the ...
2010-05-09 08:37:27 -
Chinese property stocks likely fall further - Xinhua
Chinese property stocks likely fall furtherXinhuaThey included a ban on loans for third home purchases and raising down-payment requirements for second home mortgages. Many investors fear that the ...and more »
2010-05-09 09:29:22 -
Northland's slow economic recovery takes toll on homeowners - Duluth News Tribune
Northland's slow economic recovery takes toll on homeownersDuluth News TribuneBut while the first wave of foreclosures largely involved subprime mortgages, this wave is different, Lyons says. “It's not all mortgages and bad loans,” ...and more »
2010-05-09 10:16:32 -
Another SV tax hike
It's Susquehanna Valley budget time again. Hopefully SV residents will remember some facts at voting time. Conklin residents are still paying for the flood of 2006. Most of us who were affected have new mortgages, Small Business Administration loans and bills we did not anticipate.
2010-05-08 11:10:11