Mortgage and Financial News From 2008-2-23 Page 21
Previous Day: 2008-02-22
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East Bay mortgage companies merge with BWC Mortgage Services
East Bay Business Times - Aging boomers spur reverse mortgage biz [East Bay] Reverse mortgages are good choice for some, but not for everyone [East Bay] BWC Mortgage adds offices [East Bay] Four mortgage companies in the East Bay have merged with BWC Mortgage Services of San ...
2008-02-22 11:13:00 -
Should Senior Citizens Use Reverse Mortgages? Columnist Has An Answer
Senior Journal - It all sounds so wonderful: easy access to your home’s equity, no monthly payments, and all without having to sell your house or move. You can have a guaranteed income for the rest of your life! I feel that the sales pitches for these products do a ...
2008-02-22 10:37:00 -
New Reverse Mortgage Loan Discounts and Settlement Guarantee Offered by Next Generation Financial Services (Business Wire via Yahoo! Finance)
BALTIMORE----New discounts and a settlement guarantee on Reverse Mortgages have just been announced by Next Generation Financial Services , a Division of 1st Mariner Bank. Reverse Mortgages give seniors greater financial security during retirement and help with unexpected expenses such as long term medical care and home improvement needs.
2008-02-22 03:00:00 -
Eastern Bank to host informational meeting on reverse mortgages (The Standard-Times)
MIDDLEBORO — Eastern Bank will hold free, informational, one-on-one meetings on reverse mortgages, a growing trend that helps some homeowners tap needed income through the equity in their primary residences.
2008-02-22 08:08:56 -
Slump slows swell in reverse mortgages (In Business Las Vegas)
The use of reverse mortgages by Nevada senior citizens has skyrocketed this decade but with the downturn in the housing market, the momentum for these products, although still popular, has slowed.
2008-02-22 08:52:57 -
Press Gaggle by Scott Stanzel (wallstreet:online AG)
James S. Brady Press Briefing Room 9:34 A.M. EST MR. STANZEL: Good morning, everyone.
2008-02-22 09:14:48 -
Should Senior Citizens Use Reverse Mortgages? Columnist Has An Answer (Senior Journal)
Feb. 22, 2008 - Some of the most popular products being pitched to seniors today are reverse mortgages. Everywhere you turn there are free seminars, free reports and free DVDs, all touting the amazing benefits these loans offer.
2008-02-22 11:06:22 -
U.S. stocks reverse day's losses on word of Ambac plan (Market Watch)
U.S. stocks turn solidly higher in the final minutes of trading on word a rescue could be in the works for struggling bond insurer Ambac Financial.
2008-02-22 02:11:36 -
Reverse mortgages provide more seniors with a safety net (Los Angeles Times)
Amid the loan market crisis, more seniors are turning to reverse mortgages. IMAGINE a scenario in which, instead of struggling to come up with the money for a mortgage payment that's resetting to a higher level, you could tap the unused equity in your home not only to pay off that loan but also to have money for living expenses, remodeling, traveling or even investing in a vacation home. For ...
2008-02-22 03:55:46 -
Foreclosure lawsuits up 75 percent since 2002
Times-Republican - The report indicated that about 6,600 of 364,000 mortgages in Iowa were in foreclosure, or about 1.83 percent. ... edge — and sometimes were encouraged to — assuming that they’re going to get that next raise, that overtime, a second ...
2008-02-22 09:14:00 -
Companies: Societe Generale
CNBC - ... confirmed a record fourth-quarter loss after absorbing a huge rogue trading scandal that has made France's second-biggest ... string of weak results and writedowns from financial institutions reeling from losses related to U.S. subprime mortgages.
2008-02-21 09:05:00 -
US life insurers' subprime pressure manageable - Fitch
CNBC - However, it notes that there has been significant deterioration in subprime mortgage performance in the second half of 2007 ... The ratings agency believes further deterioration in the performance of subprime residential mortgages, particularly for 2006 ...
2008-02-21 10:10:00 -
A&L brings down shutters
Guardian Unlimited - Sorry, we're a little short on mortgages at the moment. Yeah, we've still got a few under the counter but they are for loyal ... it pays for its money and the rate at which it lends - fell from 1.26% in the first half of 2007 to 1.06% in the second half
2008-02-21 12:30:00 -
UK housing market close to collapse, analyst says
Times Online - The others have mostly been bought by those who want second homes, again on the back of dodgy mortgages. I'm constantly getting email alerts from Right Move about new houses coming onto the market...the problem is that they aren't at an affordable ...
2008-02-21 03:29:00 -
Economic Stimulus Bill Good News for California Mortgages
PR.com - ... for the best California mortgage rate, whether it is a fixed rate mortgage, and adjustable mortgage, home equity loan, an equity line of credit, a second mortgage or cash out loan. MLS is approved with hundreds of nationwide lenders for Mortgages and ...
2008-02-20 11:54:00