Mortgage and Financial News From 2007-9-16 Page 8
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Bad advice served at a free lunch may cost you
Stamford Advocate - The most commonly discussed products were variable annuities, real estate investment trusts, equity indexed annuities, mutual funds, private placements of speculative securities such as oil and gas interests and reverse mortgages. Examiners found that ...
2007-09-16 02:07:00 -
Sunday briefs
News-Democrat - Reverse mortgages and long-term health insurance will be in the spotlight during a free workshop at 7 p.m. Tuesday at the National Shrine of Our Lady of the Snows Restaurant in Belleville. The program is being offered by Joe Glauber, of Millstadt, who ...
2007-09-16 03:19:00 -
Seniors:Beware of money seminars
Allentown Morning Call - These consumers are contacted later by sales people pitching variable annuities, reverse mortgages, equity-indexed annuities, mutual funds and real estate investment trusts, the report found. Sales people often play on your fears, such as the loss of ...
2007-09-16 03:40:00 -
ESTATE PLANNING: Not sure
NWI.com - Q: What is your take on reverse mortgages? From what I have read, I don't have much faith in the promotion. A: I'm not sure I have a take on reverse mortgages. If I did have an opinion, it would probably be that reverse mortgages are like a lot of ...
2007-09-15 10:25:00 -
Seniors turn to reverse mortgages to escape money troubles
Alaska Journal of Commerce - David Casey, 71, stands outside his home in Suisun City, Calif., Sept. 5. Casey recently took out a reverse mortgage that has allowed him to purchase a Cadillac and make more home renovations. AP Photo/Eric Risberg Using a home equity line of credit ...
2007-09-16 08:26:00 -
Brunswick might catch a wave (Chicago Sun-Times)
Lake Forest-based Brunswick (BC) can't get out of the gutter. It keeps sinking the cue ball.
2007-09-16 02:20:40 -
Going 'Reverse' And Moving Forward (Hartford Courant)
Mortgage Plans Help Some Seniors Escape Financial Difficulties Using a home equity line of credit, David Casey and his wife, Joyce, made some much-needed improvements around their house. New carpet. Updated plumbing. But the credit line's interest kept jumping, pushing their monthly payment to nearly $1,000 from $600.
2007-09-16 12:34:41 -
Seniors turn to reverse mortgages to escape money troubles (Alaska Journal of Commerce)
Using a home equity line of credit, David Casey and his wife Joyce made some much-needed improvements around their house. New carpet. Updated plumbing. But the credit line's interest kept jumping, pushing their monthly payment to nearly $1,000 from $600.
2007-09-16 09:14:41 -
Lookahead: Crunch Week
Wall Street Journal - Best Buy and Circuit City Stores report fiscal second-quarter earnings on Tuesday and Thursday, respectively, at a time some ... U.S. housing woes are set for a return to the congressional spotlight next week, with hearings planned about mortgages and ...
2007-09-16 11:47:00 -
Fed set to cut interest rates
MSN MoneyCentral - Indeed, prospects for a return to sub-par growth after a strong second quarter have even raised the specter of ... unneeded steps that would bail out market participants who have taken a bath with investments tied to subprime mortgages. ...
2007-09-16 08:48:00 -
Most U.S. Stocks Advance as Commodity Rally Lifts Miners
Bloomberg - ... Hovnanian Enterprises Inc., New Jersey's biggest homebuilder, said tighter credit restrictions haven't limited the ability of prime borrowers to get mortgages. Hovnanian climbed $1.11, or 11 percent, to $11.14. D.R. Horton Inc., the second ...
2007-09-14 11:49:00 -
Street Socks Stock Of CB Richard Ellis
Los Angeles Business Journal - The world’s largest real estate services firm not only soundly beat Wall Street expectations with its second quarter ... Kay maintains that the fears are overblown, and the debt market – where mortgages are securitized and resold – is not as ...
2007-09-16 02:39:00 -
A rate cut, but then what?
Milwaukee Journal Sentinel - The prime rate is used as a benchmark for many business loans, some credit card rates and some second mortgages. Q: How long does it take that to happen? A: There can be a lag of as much as a month between a cut in the fed funds rate and the lowering ...
2007-09-14 05:54:00 -
NAB may grab UK lender
News.com.au - Police were called to maintain order at several Northern Rock branches on Saturday as customers lined up for a second day ... be found then Northern Rock, Britain's eighth largest bank, may be broken up with its pound stg. 113 billion in mortgages sold ...
2007-09-16 02:17:00 -
Big investment banks take centre stage as they report on third quarter
Times Online - ... investment banks are looking at two particular exposures – asset-backed securities secured on sub-prime and prime mortgages ... revenues among the big five Wall Street firms are expected to be down by about $23 billion, compared with the strong second ...
2007-09-16 01:34:00