Mortgage and Financial News From 2008-3-15 Page 9
Previous Day: 2008-03-14
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Federal Reverse Pledges to Supply Cash
Forbes - Federal Reverse Pledges to Supply Cash By MARTIN CRUTSINGER 03.14.08, 11:19 AM ET ... the Fed's latest effort to stem a global credit crisis that began last August with rising loan defaults for subprime mortgages ...
2008-03-14 08:20:00 -
Older Homeowners Cautioned On Use of Reverse Mortgages
Wall Street Journal - The group, formed by a merger of the NASD and some regulatory functions of New York Stock Exchange parent NYSE Group Inc., warned that a reverse mortgage -- an interest-bearing loan secured by the equity in a home -- can jeopardize their financial ...
2008-03-13 08:53:00 -
S&P's bullish take on writedowns helps spur rally in markets (Toronto Star)
The Toronto Stock Exchange's main index overcame earlier losses to push strongly higher yesterday, propelled by climbing resources and hopes that the end to writedowns related to subprime mortgages is in sight.
2008-03-14 01:49:08 -
Facing up to hard home truths (The Australian)
KEVIN Rudd routinely slips back into Opposition-speak when he talks about housing affordability.
2008-03-14 06:00:00 -
Cash In On The Value Of Your Home (The Motley Fool)
Considering an equity release scheme? Jane Baker explains how you can unlock the cash from your home, but still ensure your heirs receive a significant inheritance.
2008-03-14 07:54:24 -
(AFX UK Focus) 2008-03-14 15:34 GMT: Federal Reverse pledges to supply cash (Interactive Investor)
WASHINGTON (AP) - The Federal Reserve said Friday that it has voted to endorse an arrangement to bolster troubled Bear Stearns Cos. and stands ready to provide extra resources to combat a serious credit crisis.
2008-03-14 08:59:25 -
Defeasance Reduces Commercial Real Estate Fees (Investopedia via Yahoo! Finance)
Try this alternative to short-term variable-rate financing when using leverage to buy property.
2008-03-14 12:51:25 -
Bush Says Policy Makers to Take `Appropriate Steps' (Update7) (Bloomberg.com)
March 14 (Bloomberg) -- President George W. Bush, seeking to calm investors, said policy makers will take ``appropriate steps'' to stabilize the financial system after a bailout of Bear Stearns Cos. sent shares down and the dollar to new lows.
2008-03-14 01:25:35 -
Think hard before getting reverse mortgage (Austin American-Statesman)
High fees give lenders incentive to talk some homeowners into loan they don't need.
2008-03-15 11:54:12 -
New foreclosure rescue plan offers 'Help Now'
CNN Money - There would undoubtedly still be some at-risk borrowers who cannot afford even the discounted mortgages. In those cases, the loan balances would be reduced even more, to $50,000 perhaps, from $70,000. In return, the government would obtain a second ...
2008-03-13 10:38:00 -
U.S. Stocks Gain After S&P Predicts End to Subprime Writedowns
Bloomberg - Newmont Mining Corp., the world's second-largest gold producer, climbed to the highest since January after bullion advanced to a record. Fannie Mae, the biggest provider of money for U.S. mortgages, helped financial shares recover from a 4 percent ...
2008-03-13 02:41:00 -
How to run away from home - as a grown-up
Arlington Heights Daily Herald - The book, now out in its second edition, can help you think through the logistics, risks, and potential pleasures of living ... may be especially appealing to baby boomers who spent years putting in long hours at work, raising kids and paying mortgages.
2008-03-15 09:17:00 -
Bear Stearns May Lose Independence After Fed Bailout (Update3)
Bloomberg - The Fed acted to prevent the failure of the second-biggest underwriter of U.S. mortgage bonds and forestall a potential ... The failure of the two funds, which invested in securities linked to subprime mortgages, prompted a sell-off of the assets ...
2008-03-15 10:42:00 -
Bush to meet with U.S. financial policymakers
Washington Post - In his Saturday radio address, Bush addressed the economy for the second day in a row, after remarks on Friday in New York ... Housing Administration and allow state housing agencies to issue tax-free bonds to help homeowners refinance their mortgages.
2008-03-15 09:52:00 -
Avoid Overcorrecting Economy, Bush Warns
Guardian Unlimited - ... said the recently passed program of tax rebates for families and businesses should begin to lift the economy in the second ... He cited other measures which he said would streamline the process for refinancing and modify many mortgages.
2008-03-15 09:45:00