Mortgage and Financial News From 2007-10-27 Page 12
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Osama? Obama? Why Can't Romney Get it Right?
Diversity Inc - Major Latino Group Dumps KC Over Minutemen, From LGBT Rights to Mortgages: Rep. Frank Introduces New Subprime Bill; Want to Be ... Reverse Sex Discrimination On the legal docket this month: An employee passing for white losing a discrimination claim ...
2007-10-24 05:28:00 -
Why America needs a recession -- soon
Stockhouse Canada - ... off a cliff, with widespread unemployment, massive piles of unsold inventory, corporate profit growth in full-speed reverse ... every $1 in uncollected debts that they have written off so far, the banks have uncovered another $2.50 from failed mortgages ...
2007-10-25 05:56:00 -
Will reverse mortgages provide relief to the elderly?
Sify - With longer life spans and nuclearisation of families, has come the need for greater financial planning among the elderly. While it goes without saying that early retirement planning is best, what about those older people who, due to unfavourable ...
2007-10-26 08:46:00 -
Why America needs a recession -- soon (MSN Money Canada)
Bankers and government officials in the U.S. have plenty of tricks to put off the inevitable until at least after the November 2008 election. That's too bad.
2007-10-26 11:57:02 -
NAMP Views FHA Reverse Mortgages as Providing Flexibility for Borrowers (PRWeb via Yahoo! News)
The FHA Reverse Mortgage Program provides homeowners past age 62 to borrow against the equity in their home, without limitations of asset or income, and without required payment for the duration that the home is occupied by the homeowner.
2007-10-27 12:01:00 -
NAMP Views FHA Reverse Mortgages as Providing Flexibility for Borrowers (PRWeb)
The FHA Reverse Mortgage Program provides homeowners past age 62 to borrow against the equity in their home, without limitations of asset or income, and without required payment for the duration that the home is occupied by the homeowner. The National Association of Mortgage Processors (NAMP) and FHA Online University seek to educate mortgage professionals about how they can arm themselves with ...
2007-10-27 12:22:19 -
Reverse mortgage can help you move forward (Seattle Times)
Reverse mortgages are getting a lot of attention lately. Here's what you need to know about them.
2007-10-27 12:28:59 -
Press Briefing by Dana Perino
Forbes - Q It's estimated that up to 2 million housing foreclosures could happen if restrictions aren't lifted, in terms of sub-prime mortgages. And I just wondered, does the White House have any second thoughts about Fannie Mae and Freddie Mac, in terms of ...
2007-10-26 12:18:00 -
Banks' 2Q trading revenue up 30 percent
CNBC - ... losses in recent weeks, due to rising defaults in the mortgage markets, particularly mortgages given to consumers with weak credit. Banks' trading revenue of $6.2 billion was 30 percent higher than the year-earlier period, the OCC said, and second ...
2007-10-26 10:45:00 -
Merrill CEO O'Neal Under Pressure to Resign After Record Loss
Bloomberg - He announced an $8.4 billion writedown Oct. 24 on loans and bonds backed by mortgages, almost twice as large as the firm ... Philip Purcell, the most recent CEO of a major Wall Street investment bank to be ousted, at Morgan Stanley, the second ...
2007-10-27 12:14:00 -
'Bringing Ryan Back'
Austin American-Statesman - Though Reitmeyer depends on state and disability insurance, his parents have used money from savings and taken out second mortgages on their homes. "I've worked with 3,000 families in the past 20 years," Misko said. "Doug's one out of 3 ...
2007-10-26 05:47:00 -
After the fires, it's time for the second line of defense
Los Angeles Times - The time has come for the second responders: insurance adjusters who roll from disaster to disaster -- a fire here, a ... How many mortgages did you have? Did you have separate offices? "I'll give you as much help as I can," Gil says. "We're going ...
2007-10-27 12:21:00 -
Banks' 2Q Trading Revenue Up 30 Percent (AP via Yahoo! Finance)
Commercial banks generated trading revenue of $6.2 billion in the second quarter, a government agency said Friday, before the recent turmoil in the credit markets kicked in.
2007-10-26 10:29:29 -
California home foreclosures again set a record (Los Angeles Times)
The third quarter's total surpasses 24,000, which is a record. 'It's working its way to the Westside,' an agent says. Californians lost their homes to foreclosure in record numbers for a second straight quarter, and the trend is creeping into affluent communities, figures released Friday show.
2007-10-27 12:17:10 -
After the fires, it's time for the second line of defense (Los Angeles Times)
An insurance adjuster deals with details and emotions as he helps fire victims begin the claims process. With the threat of flames beginning to ease, residents are drifting back to their devastated neighborhoods.
2007-10-27 12:12:22