Mortgage and Financial News From 2007-9-24 Page 17
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Dodging the mortgage bullet (CNN Money)
The credit crunch has many holders of bank and brokerage stocks quaking in their boots. But Chuck Lahr, manager of Franklin Templeton's Mutual Financial Services fund, isn't one of the worriers. Four years ago Lahr began shifting money out of U.S. financial services and into European financial stocks, which held up better in the recent turmoil.
2007-09-24 03:40:16 -
5,700 rent out HDB flats in six months
Straits Times - Apart from easing subletting rules, the HDB has also allowed homeowners to take out reverse mortgages on their flats. It is also looking into a novel scheme to buy back the tail-end of flats' leases from homeowners. According to the HDB, about 27 per ...
2007-09-23 02:20:00 -
The Bubble Economy
Common Dreams - Alarmingly, these bubbles turn out to be interconnected — hedge-fund profits reliant on high-yield sub-prime mortgages, and ... If the cycle goes into reverse, and the deal makers have no buyers at their desired price, or if their financiers stop ...
2007-09-24 08:10:00 -
Borrowers get help
Daily Times - TransLand, based just north of Orlando, Fla., operated what it calls a net branch office on Morganton Square Drive and a corporate office specializing in reverse mortgages on Summerfield Drive in Maryville. The reverse mortgage office closed Sept. 7 ...
2007-09-23 11:20:00 -
Reverse mortgages stumped by slump
Financial Standard - The reverse mortgage market continued its exponential growth last financial year, but housing market downturns, especially in NSW, tempered the surge, according to the latest SEQUAL/Trowbridge Deloitte Reverse Mortgage Market Study. Reverse mortgage ...
2007-09-23 07:52:00 -
Getting Ahead
Fort Wayne Journal Gazette - The reverse mortgage business is just a sliver of the overall mortgage industry, even though the concept has been around for nearly two decades. Just more than 300,000 reverse mortgages have been originated in total, representing less than 1 percent ...
2007-09-24 02:55:00 -
Reverse loans on the rise for retirees
News.com.au - In the past 12 months, the value of the reverse mortgage market has soared to $1.8 billion with almost 50 per cent of borrowers aged between 65 and 74 years. Reverse mortgages allow homeowners to borrow against the equity in their home with the ...
2007-09-23 07:28:00 -
Getting Ahead (Fort Wayne Journal Gazette)
The reverse mortgage business is just a sliver of the overall mortgage industry, even though the concept has been around for nearly two decades. Just more than 300,000 reverse mortgages have been originated in total, representing less than 1 percent penetration, according to the National Reverse Mortgage Lenders Association.
2007-09-24 03:04:05 -
Reverse mortgage numbers picking up in state, nation (BizJournals)
Reverse mortgages are enjoying a surge in popularity nationally, but industry leaders say demand for the loans remains tempered in conservative areas such as Alabama.
2007-09-23 10:23:44 -
Reverse mortgages into top gear (News Interactive)
THE popularity of reverse mortgages continues to grow exponentially, with a new analysis showing almost one quarter of people who have taken out reverse mortgages against their homes drew down additional funds in the first half of the year.
2007-09-23 07:00:00 -
Zacks Earnings Preview: Bed, Bath and Beyond, KB Home, Lennar and ...
MSN MoneyCentral - It seems doubtful given that even if the numbers point to a temporary bottom, the number of adjustable rate mortgages ... August new home sales, final second-quarter GDP numbers and weekly initial jobless claims data will be published on ...
2007-09-24 04:42:00 -
U.K. Stocks Including Northern Rock Fall; BHP, Rio Tinto Gain
Bloomberg - The Sunday Telegraph said hedge funds may buy the bank's mortgages at below face value. Wolseley Plc retreated after earnings ... Peter Hambro Mining Plc (POG LN) added 30 pence, or 2.6 percent, to 1,190 pence after the second-biggest miner of gold in ...
2007-09-24 01:00:00 -
Remarks by President Bush on the Budget
Forbes - At a time when families are working hard to pay their mortgages or pay for their children going to college, now is not the ... An earlier Republican Congress did the same thing during President Clinton's second term, after a disruptive government ...
2007-09-24 09:36:00 -
U.K. Mining Stocks Including BHP Advance; Wolseley Shares Drop
Bloomberg - We believe the second half will prove a positive surprise and that profits growth will re-accelerate,'' Deutsche Bank ... The group may buy the bank's mortgages, worth more than 100 billion pounds, at below face value and hold them until they ...
2007-09-24 09:14:00 -
National Community Reinvestment Coalition Files Discrimination ...
Forbes - NCRC alleges that that Morgan Stanley intentionally discriminated against minorities seeking mortgages in predominantly ... The second type of discrimination includes policies that deny loans to residents of Puerto Rico, Guam and the Virgin ...
2007-09-24 08:31:00
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