Mortgage and Financial News From 2007-8-25 Page 6
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Treasurys Mixed After Latest Home Sales
WTOP Radio - Overseas, stocks fell across most Asian markets after the Bank of China disclosed nearly $10 billion of exposure to securities backed by U.S. subprime mortgages. (Copyright 2007 The Associated Press. All rights reserved. This material may not be ...
2007-08-24 04:44:00 -
Home sales picked up* in July
Daily Breeze - But ongoing credit problems are likely to reverse the gains. ... The housing report showing the July sales boost comes as credit standards have been tightening on home mortgages. Credit ...
2007-08-25 08:21:00 -
In brief: Beat the unseasonable heat at nearby library
El Paso Times - Reverse mortgages will be the topic of discussion at the next Northeast El Paso Civic Association meeting. The association will meet at 7 p.m. Sept. 13 in the community room of the Trans Mountain Apartments, 5317 Transmountain.ÊMartha and Lud Bezemek ...
2007-08-24 12:55:00 -
New Businesses
Worldnews.com - WEDNESDAY'S LETTERS TO THE EDITOR Asbury Park Press Reverse loans can be costly Thank you for the article on reverse mortgages in which your writer points out closing costs can amount to $18,000. (" Banking on their home," July 22.) I secured an ...
2007-08-24 10:34:00 -
Reverse mortgages' popularity growing despite relatively high costs
East Valley Tribune - After a decade of retirement, John and Stella Dohrer were increasingly feeling squeezed financially as living costs edged upward year after year. The Mesa couple weren't starving, but their Social Security payments weren't always enough to meet ...
2007-08-25 10:30:00 -
Home sales picked up* in July (Daily Breeze)
*But ongoing credit problems are likely to reverse the gains.
2007-08-25 08:39:39 -
Reverse Mortgages: What you need to know (San Antonio Express-News)
Loans may work well for retirees who have built home equity
2007-08-25 02:15:34 -
Reverse mortgages' popularity growing despite relatively high costs (East Valley Tribune)
After a decade of retirement, John and Stella Dohrer were increasingly feeling squeezed financially as living costs edged upward year after year.
2007-08-25 10:48:49 -
The Color Of Money: Some plans to make money deserve a lot of ...
Modesto Bee - If in seven days I recruited five people and two of them decided to refinance their mortgages through the company, I could earn a $500 bonus. My $100 investment could net $400, thus the 400 percent return. Garnett said the company uses an outside ...
2007-08-25 12:18:00 -
X-Rite Ratings Under Review
Forbes - A group of banks have committed to a total debt package of up to $415 million to fund the deal and refinance X-Rite's existing debt, the company said. X-Rite said it expects to incur cash restructuring costs of about $5.5 million in the first year of ...
2007-08-24 06:02:00 -
Tell us about your mortgage woes
Nashville Tennessean - Did you lose a home to foreclosure as a result of mortgage terms? Are you stuck with an adjustable rate mortgage you can't refinance? Did you get an interest-only loan and regret it? Let us include your story in news coverage. Contact staff writer ...
2007-08-25 06:56:00 -
Sachsen LB postpones half-year results
MSN MoneyCentral - The crisis was triggered when commercial paper investors declined to refinance the fund and Sachsen LB could not come up with the back-up credit. Another fund operated by the bank, called Sachsen Funding I, said late on Thursday that it faced a ...
2007-08-24 10:34:00 -
Sibir to buy Moscow refinery
MSN MoneyCentral - It said it had already negotiated a "commitment from two major international banks" to finance the transaction and refinance debt. The company hopes to use the refinery's capacity of 240,000 barrels a day to process all its 50,000 bpd of Russian ...
2007-08-25 05:01:00 -
Homeowners could get some help
Portsmouth Herald - But he said earlier this month that he supports giving the Federal Housing Administration more flexibility to help those facing foreclosure refinance their homes. Treasury Secretary Henry Paulson, meanwhile, has instructed staff to work with the ...
2007-08-25 09:47:00 -
Ilyce Glink : Don't refinance until rate becomes adjustable (San Antonio Express-News)
Q: I bought a house almost two years ago. I used a special first-time buyer's program, which fixed the interest rate of the loan at 5.5 percent for five years. After that, the loan adjusts to a one-year adjustable-rate mortgage.
2007-08-24 11:15:56