Mortgage and Financial News From 2007-10-7 Page 7
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No need to worry over non-banks
News.com.au - ... by RAMS last week and Liberty Financial's $225 million issue of commercial mortgage-backed securities were more expensive than in the days of easy credit ... non-bank segment for most home-lending defaults, and said it "wouldn't be such a bad ...
2007-10-07 02:14:00 -
For banking earnings, flat may be where it's at
Minneapolis Star Tribune - ... rather than falling, results. In the banking industry right now, that's about as good as it gets. Bad mortgages, weaker consumer credit ... And a bank that holds on to mortgage debt has greater incentive to monitor the creditworthiness of borrowers. ...
2007-10-07 02:06:00 -
Credit crisis puts Citigroup's chief in the hot seat
International Herald Tribune - Still, a housing and credit meltdown was ravaging the financial markets, and he wanted to know how bad the damage to Citigroup might be - and if there were ... Prices of subprime mortgage bonds and other complex securities were deteriorating ...
2007-10-07 06:21:00 -
Finance Ministers Discuss Dollar Woes
Newsday - ... for the economy to grow this year from 2.6 percent to 2.5 percent after global financial turmoil sparked by mounting bad ... loans -- particularly those made to people with no money, job or assets -- as investments that were rated as sound by credit ...
2007-10-07 12:55:00 -
Credit crisis puts Citigroup's chief in the hot seat (International Herald Tribune)
The crisis raised doubts about whether the chief, Charles Prince 3rd, a well-regarded corporate lawyer with little previous operating experience as a banker, is dexterous enough to manage a complex global enterprise like Citigroup.
2007-10-07 11:21:09 -
Merrill admits losses of $6bn on bad loans (The Age)
Investment bank Merrill Lynch has emerged as one of the worst-hit victims from the recent US credit meltdown pushing it into the red for the first time in six years.
2007-10-07 06:57:34 -
Lessons learned on the way to the store
Nevada Appeal - When millions can't afford their mortgages? When politicians run for office and say they represent us, yet where are the good ... of giving the oil companies a $30 billion subsidy, and alternative energy research only getting half a billion, reverse it ...
2007-10-07 03:58:00 -
Moves make buying easier
Cincinnati Enquirer - ... marketplace is the hallmark of this comprehensive legislation. Some of the key provisions include higher loan limits for high-cost areas, elimination of the 3-percent-down payment requirement, simpler condo loans and expanded use of reverse mortgages
2007-10-07 02:18:00 -
Keep an eye out for potential scams or abuse
Greenwich Time - Understand reverse mortgages, trusts, and long term care insurance." This enticing ad - one of my favorites - even promises not to be a sales presentation. And yet, this is precisely what the regulators say is just that - a chance to lure unsuspecting ...
2007-10-07 01:56:00 -
Reverse mortgages let owners tap into equity
Courier-Post - In researching reverse mortgages, compare government-backed, bank and private loans. Don't enter into informal loan agreements with friends and relatives. Set down specific terms and establish a repayment schedule. Don't short yourself to lend money ...
2007-10-07 12:02:00 -
Keep an eye out for potential scams or abuse (Norwalk Advocate)
You've seen the ads and you've received the invitations in the mail - "FREE seminar, FREE meal, FREE advice."
2007-10-07 02:27:38 -
Moves make buying easier (The Cincinnati Enquirer)
The recent ½ percent drop in the Federal Reserve discount rate is a sign that the federal government is bullish about improving consumer confidence in the housing market.
2007-10-07 02:48:05 -
Reverse mortgages let owners tap into equity (Courier-Post)
While so-called exotic mortgages plummet, reverse mortgages -- in which a property owner receives payments instead of making them -- continue to gather steam.
2007-10-07 12:28:35 -
Q&A: City Council candidates answer top 10 questions
Asheville Citizen-Times - ... attract local builders back inside the city limits, increase funding of our local Housing Trust Fund, raise the pricing thresholds on starter homes financed by the housing trust fund and expand the use of participatory or ‘soft’ second mortgages ...
2007-10-06 09:31:00 -
Up Front
BusinessWeek - ON SECOND THOUGHT In Praise Of A "Toxic" Loan The loan with the worst reputation these days may be the pay-option ARM ... A new academic study concludes that this most toxic of all mortgages is, in a perfect world, the best. How can that be ...
2007-10-07 01:09:00