Mortgage and Financial News From 2007-10-21 Page 9

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  • House doesn't add up the way you think

    Maine Sunday Telegram - Although it may be painful to think about, more retirees may need to turn to reverse mortgages, Munnell said. Reverse mortgages provide cash that allows the homeowner to stay put. Once the homeowner leaves or dies, the loan is repaid, usually ...
    2007-10-20 10:12:00

  • Reverse mortgages increase

    News.com.au - REVERSE mortages are one of Australia's fastest-growing financial products but continue to attract more than their share of conroversy. The idea of dipping into your home for cash sits uncomfortably with some retirees, and many financial planners are ...
    2007-10-21 07:59:00

  • The Motley Fool: Business takeover attempts aren't always welcome (The Columbus Dispatch)

    Q: What's a hostile takeover?
    2007-10-21 02:19:51

  • Credit crunch 'to hit UK growth' (BBC News)

    Ernst & Young's Item Club lowers its growth forecasts but also sees positives from the credit crunch.
    2007-10-21 08:05:52

  • Reverse home foreclosure trend (The Cincinnati Enquirer)

    The face of home foreclosure is not pretty: Rows of neatly kept homes interspersed with boarded-up, graffiti-marred houses that become magnets for crime. Foreclosure is a difficult and imposing problem - but it must be addressed.
    2007-10-21 09:19:45

  • Richer homeowners find reverse mortgages useful (Eagle-Tribune Online)

    Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use them, too.
    2007-10-21 09:17:22

  • China 'fumbling for right path' to rein in runaway economic growth

    Honolulu Advertiser - Thanks to lax lending policies by state banks, investors had been able to get low-interest mortgages for second or even third homes with zero down. While China officially requires home buyers to pay 20 to 30 percent of the price of a new home up ...
    2007-10-21 03:56:00

  • Seemingly piddling management fees can add up

    Boston Globe - The second option is easier. Pay separately for asset management and personal finance advice on questions about taxes, when to take Social Security, home mortgages, etc. If you're paying 2 percent of assets for an ill-defined service that really only ...
    2007-10-21 01:25:00

  • India to get more foreign money: Merrill Lynch

    Economic Times - Repricing of $150 billion adjustable rate mortgages (ARM) worth around $150 billion will take place in the second half of 2007, with the largest chunk expected to hit in November.
    2007-10-21 04:03:00

  • Bulls still on parade despite big plunge

    CNN Money - The debt markets -- roiled after defaults in subprime mortgages triggered a global aversion to risk -- have remained mostly ... index analyst, still expects next year will see the return of the double-digit profit growth that ended in the second ...
    2007-10-21 08:13:00

  • House prices‘to stay flat for years’

    Times Online - Melanie Bien at Savills Private Finance, a broker, said: “Borrowers shouldn’t necessarily bank on cheaper mortgages next ... Second, your headline is, at least in part, misleading. I know of no asset bubble that has ever deflated in the long term ...
    2007-10-21 10:22:00

  • Stocks lower as earnings roll in

    MSNBC - ... members of the Standard & Poor’s 500 index have reported quarterly results so far this week. Most of the attention has been on the nation’s biggest banks, which reported mostly disappointing results on write-downs from leveraged loans, mortgages ...
    2007-10-17 05:58:00

  • Autistic kids’ Lee school options in flux

    News-Press - There is nothing out there and it’s so sad,” Terrasi said. “These parents are taking on second mortgages on their houses just to get services for their kids.” Eden Florida also relies on business donations so it doesn’t have to charge ...
    2007-10-20 10:12:00

  • 3 largest banks ease credit crunch (The Record)

    NEW YORK -- The nation's three largest banks said Monday that they are teaming up to create a rescue fund of sorts -- potentially as large as $100 billion -- to help bail out troubled global credit markets.
    2007-10-21 10:44:34

  • SIV Shock, Inflation Make U.S. Treasury Notes Unbeatable Bonds (Bloomberg.com)

    Oct. 22 (Bloomberg) -- The combination of record U.S. home foreclosures, rising defaults and simmering inflation is making two-year Treasury notes and their equivalents unbeatable in the bond market.
    2007-10-21 09:27:51

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