Mortgage and Financial News From 2007-9-4 Page 7

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  • A special report by London Free Press Reporter Chip Martin examines how new technology is changing the face of ... (London Free Press)

    Nick DiRenzo is bullish on the seniors' demographic. The chief executive of Seniors Money Canada, part of New Zealand-based reverse-mortgage company Seniors Money International, says with seniors living longer, more active lives, they may need extra cash to get them through retirement.
    2007-09-03 11:19:11

  • Grandparents Spend $27.5 Billion Per Year on Grandkids (PR Newswire via Yahoo! Finance)

    In honor of Grandparent's Day on Sunday, September 9, Liberty Reverse Mortgage and Sacramento State University have compiled the second annual Grandparent's Cost Index®.
    2007-09-04 06:01:00

  • Tapping into home equity (winnipegsun.com)

    Nick DiRenzo is bullish on the seniors' demographic. The CEO of Seniors Money Canada, part of New Zealand-based reverse-mortgage company Seniors Money Internationl, says that with seniors living more active and longer lives, they may need some extra cash to get them through the retirement years.
    2007-09-03 11:05:43

  • At Home: Reverse mortgages can be a senior’s best hope (Naples Daily News)

    If you, your parents or other seniors in your life are sitting on a big load of home equity while struggling to get by each month on a fixed income, listen up. The answer for you may be a home equity conversion mortgage (HECM), often simply referred to as a “reverse mortgage.” As long as you own a home, are at least 62 and have enough equity in your home, you can get a reverse mortgage. There are ...
    2007-08-31 11:34:34

  • GDP got zippy in second quarter

    Raleigh News & Observer - ... higher sales of American products overseas and lower imports, was the biggest factor contributing to the second quarter ... businesses and also help to mitigate the payment shock facing 2 million mortgage holders as their adjustable rate mortgages ...
    2007-09-04 08:05:00

  • Tech Stocks Surrender Gains

    WOAI - Investors were also digesting government data that showed the domestic economy performed slightly better during the second quarter than initial reads had indicated. The Commerce Department said gross domestic product rose 4% last quarter, up from an ...
    2007-09-04 10:21:00

  • Mansion price rises £40m in eight weeks

    Times Online - The 40,000 sq ft (3,716 sq m) property, listed in 1970, is the second-largest private residence in the capital after ... Also in Property & Mortgages
    2007-09-04 02:53:00

  • Jump-start Tuesday: ATV controversy in the Poconos; weekend photos

    Pocono Record - Wonder if they’ll make some of the things that happened here – inflated appraisals, fake second mortgages, even some forged signatures – illegal? Sports? Heck yeah. Something new this year, expanded photo galleries and some video from some of ...
    2007-09-04 04:51:00

  • Asian Currencies Fall as Demand for Emerging-Market Assets Dips

    Bloomberg - Sept. 4 (Bloomberg) -- Asian currencies fell, led by the Philippine peso, as losses related to U.S. mortgages curbed investor ... Malaysian exports unexpectedly declined for a second month in July, slipping 0.02 percent from a year earlier. Economists ...
    2007-09-04 02:03:00

  • Geriatric sex advertisements raise more than eyebrows

    News.com.au - ... couple loved it up in a bubble bath as Virgin Home Loans CEO David Wakeley extolled the virtues of life-long relationships, which mortgages often are. The mortgage gives customers a 0.1 per cent cut in their rate after three years and a second 0.1 ...
    2007-09-04 01:48:00

  • NEXT UP-Are jobless claims the new payrolls?

    Reuters - NEW YORK, Sept 4 (Reuters) - Weekly jobs data normally play second fiddle to the broader monthly employment figures, but ... A debacle that began with rising defaults in high-risk subprime mortgages has since spread to other areas of finance ...
    2007-09-04 02:53:00

  • Canadian Tire banks on mortgages

    Globe and Mail - Canadian Tire banks on mortgages ... The second type of conversation is fully moderated. In a fully moderated conversation, every comment is reviewed by a ...
    2007-09-04 05:42:00

  • Banking Fundamentals Still Strong

    Boston Globe - Financial institutions face seven obstacles that could negatively affect earnings in the second quarter, according to the S&P report: Markdowns of inventory on leveraged finance deals; exposure to subprime mortgages; downward pricing of mortgage ...
    2007-09-04 01:34:00

  • Seniors increasingly resort to using reverse mortgages

    Courier-Post - Unlike a traditional home-equity loan or second mortgage, borrowers don't repay reverse mortgages until they sell their home, move or take some other action that means the house is no longer their main residence. Lenders collect the loan principal ...
    2007-09-04 06:03:00

  • Struggling pair 'almost at the edge of the cliff'

    Chicago Tribune - To maintain their lifestyle after a job loss, Ginny and Jim Kallioinen built a house of plastic cards. Now it's in danger of tumbling down. While they are paying their bills on time, their overall debt, including first and second mortgages, has ...
    2007-09-04 10:06:00

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