Mortgage and Financial News From 2008-3-12 Page 7
Previous Day: 2008-03-11
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Fed joins central banks in bolstering market confidence
Monsters and Critics - The announcement sent stock markets higher and helped the dollar to reverse earlier losses during the day against major ... in writedowns since the summer of 2007 as a record number of homeowners have been forced to default on subprime mortgages.
2008-03-11 08:17:00 -
Treasuries Fall as Fed to Accept Mortgage Debt as Collateral
Bloomberg - ... The fact that the Fed is aggressively addressing the funding situation means on the margin they may be able to reverse ... The spread helps determine the interest rate homeowners pay on new prime mortgages of $417,000 or less.
2008-03-11 11:52:00 -
Profile: Mark Bouris
Age - As the tide rose in global equity markets, so did my returns," says Bouris, 51, noting that the reverse was also true - but ... Access to international capital markets meant start-ups such as Wizard could fund their mortgages without having a big ...
2008-03-12 05:55:00 -
Mortgage application fees may rise on appraisal reform
CNN Money - ... Attorney General Andrew Cuomo, Fannie Mae ( FNM ) and Freddie Mac ( FRE , Fortune 500 ) pledged that they will only buy mortgages ... Now, the reverse is true." Many appraisers regularly add a cushion to every job.
2008-03-12 03:08:00 -
Lumber industry awaits a rebound
Chicago Tribune - After problems with sub-prime mortgages began to show up last year, troubles with other mortgages and house valuations ... Even U.S. government intervention to slow the rate of foreclosures may not be enough to actually reverse the trend until ...
2008-03-11 12:56:00 -
Mortgage lenders see more borrowers give up
USA Today - The numbers help explain why it's so difficult to reverse the trends of rising foreclosures and falling property values. Even some homeowners who can afford to pay their mortgages are defaulting, Lauria says, because their house might have lost 30 ...
2008-03-08 03:56:00 -
Ocean County Happenings
Atlantic City Press - For more information call 609-597-3381. n BLACK HISTORY MONTH , "Friendship Chain" during February. n REVERSE MORTGAGES, 7 p.m. March 19. n BEYOND DISABILITY film discussion 6 p.m.
2008-03-12 12:16:00 -
Analyst Actions: Valero, Thornburg, Continental, J.Crew
BusinessWeek - Hochstim notes that Fannie Mae ( FNM ) and Freddie Mac ( FRE ) will begin securitizing "jumbo-conforming" mortgages shortly. ... He notes in prior recessions, demand trends consistently reverse by around 10%
2008-03-12 02:06:00 -
Interest rate hikes cut credit card spending
News.com.au - Tougher credit: Bank lending will get tighter, warns RBA Cash-strapped: Reverse lender ASF latest credit victim Knee-jerk: Fixing your loan can hurt Mortgages: To fix or not to fix your home loan Deposits: Banks want access to 'mum and dad' savings
2008-03-11 08:27:00 -
In Your Town Allentown area
Allentown Morning Call - Ann Marie O'Neill, president of Senior Services, will talk about How Can Reverse Mortgages Help Seniors? Refreshments will be served. A collection for the food bank will be held.
2008-03-12 05:24:00 -
Analysis: Fed must try harder to restore confidence
Financial Times - The Fed plans to exchange up to $200bn of US Treasuries that it currently holds for triple-A rated mortgages held by primary ... deceleration in a trend,” says Bill O’Donnell, strategist at UBS. “Simply, trends need to slow before they reverse ...
2008-03-12 02:42:00 -
Stocks Dip a Day After Huge Rally
Chicago Tribune - Investors largely regard the plan the Fed announced Tuesday to lend Treasurys in exchange for debt tied to mortgages as an innovative means of bringing some relief to the tight credit markets.
2008-03-12 01:38:00 -
Reverse Mortgage Credit Report Helps Originators Get Ahead
PR.com - Reverse mortgages enable homeowners 62 and older to convert the equity in their house into tax-free cash while retaining home ownership. Nationwide, there are 79 million “baby boomers,” with an estimated $8.5 trillion in investable assets.
2008-03-11 11:47:00 -
Is It a Good Time for a Reverse Mortgage?
HULIQ.com - As industry professionals, we often have an opportunity to sit in on conference calls on market trends and other things that affect reverse mortgages and the senior borrowers who get them. We were on one today that echoed something that we have been ...
2008-03-12 10:03:00 -
Fixed Rate Vs Adjustable Rate Reverse Mortgages
HULIQ.com - We were curious to see if the fixed rates would really have been a better deal throughout the years for borrowers based on this historical information compared to a fixed rate at today’s low interest rates. Being the age I am and having more than ...
2008-03-12 10:03:00
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