Mortgage and Financial News From 2007-9-4 Page 6

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  • Help for bad mortgages unlikely (Lake County News Sun)

    Want government help to get out of a bad subprime mortgage? Don't look for Congress to come to your rescue anytime soon. Lawmakers have lots of ideas and plans -- as well as hearings to share their concerns and assess blame -- but there's no consensus on how to stop the foreclosures. The only thing everyone has agreed on is that something must be done.
    2007-09-04 02:16:49

  • Loan bailouts not on radar for Congress Lawmakers weigh best response to subprime mortgage meltdown (Inside Bay Area)

    WASHINGTON — Want government help to get out of a bad subprime mortgage?
    2007-09-04 02:49:58

  • Loans Didn't Cause Storm

    Hartford Courant - A similar misapplication of logic is now evident in discussions of the economic havoc surrounding subprime mortgages. These ... But financial bubbles must be lived forward, even if they can only be understood in reverse. The crackup finally came this ...
    2007-09-04 12:41:00

  • Latinos hit hardest by mortgage crisis

    Vallejo Times-Herald - Now, a growing number of those rates are adjusting up, leaving many lower-income homeowners unable to pay their mortgages. A ... calls the tightening criteria "a knee-jerk" reaction by the credit industry, and says the situation will eventually reverse ...
    2007-09-04 09:09:00

  • Economists play down impact of collapses

    New Zealand Herald - That is in spite of the fact that as Property Finance Group's receiver Brendon Gibson pointed out, all of the company's loans, including home loans and reverse equity mortgages, will continue to be managed by independent securitisation trusts who are ...
    2007-09-03 12:52:00

  • Easy money then means trouble now

    Coeur d'Alene Press - Additionally, we provide assistance to housing counseling agencies throughout the state, and they provide free or low cost counseling services for buying, renting, defaults, foreclosures, credit issues and reverse mortgages." Rates on 30-year ...
    2007-08-31 05:56:00

  • Subprime woes, energy bill on congressional agenda

    Marketwatch - Both of the government-sponsored enterprises buy mortgages from banks and other lenders and repackage them into securities. But the Bush administration has shot down -- for now -- the notion of letting Fannie and Freddie buy more loans.
    2007-09-04 02:53:00

  • Business Minute: Stocks rising...Construction spending slides...Ford's ...

    WDAM-TV - WASHINGTON (AP) - The Federal Reserve and other regulators are urging loan service companies to work with borrowers in danger of defaulting on their home mortgages. The guidelines are not mandatory, but regulators say they hope that companies ...
    2007-09-04 11:04:00

  • Staff and wire reports

    Maryland Daily Record - With reverse mortgages continuing to break records year after year, Fidelis is looking to make sure that homeowners 62 and over understand how they work. $25M capital campaign The Roland Park Country School Board of Trustees and President Jeffrey H ...
    2007-09-04 03:43:00

  • Thornburg: Out of the Woods?

    BusinessWeek - ... worries were spreading up and down Wall Street, Thornburg investors knew the company's portfolio was built on mortgages with ... Recent troubles had forced Thornburg to stop originating new jumbo loans, but recently it has started to reverse that. The ...
    2007-09-04 03:43:00

  • Home Care On The Rise

    Southwest Times Record - Reverse Mortgages Another possible financial driver enabling people to pay for private-duty care and, in turn, fueling the growth in businesses like Home Instead, Synergy and Eldirect is the reverse mortgage. No one is really closely tracking how ...
    2007-09-04 09:02:00

  • Grandparents Spend $27.5 Billion Per Year on Grandkids

    Forbes - It provides only reverse mortgages, allowing it to concentrate solely on this financial product and permitting it to impart expertise on the benefits and regulations surrounding this government-insured program. Liberty recently entered into an ...
    2007-09-04 06:03:00

  • Is A Reverse Mortgage The Right Option For You?

    Best Syndication - Reverse mortgages are designed to provide those who are retired, or near retirement with a way to keep on getting an income, or money to meet other expenses as they grow older. While it may not be the way for everyone, it certainly is a valid option ...
    2007-09-04 11:40:00

  • Tapping into home equity (Toronto Sun)

    IN TOMORROW'S PAPER:
    2007-09-04 01:35:28

  • Five Things You Need to Know: Construction Spending Doesn't Fail to Disappoint; Greenspan Roiled by Reputation ... (Minyanville via Yahoo! Finance)

    U.S. construction spending declined unexpectedly in July, the worst fall since January.
    2007-09-04 09:44:00

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