Mortgage and Financial News From 2008-3-14 Page 21
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Sales, Dollar Plunge; Oil Soars (IWon - Money)
WASHINGTON (AP) — Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything.
2008-03-14 01:32:33 -
A Grand Old Problem for the GOP
BusinessWeek - Even as economists on Wall Street and elsewhere are clamoring for more aggressive policies to reverse the slide in the ... sample of 2,082 voters whether the government should provide financial help for those who can no longer afford their mortgages
2008-03-12 05:55:00 -
Lenders Face Still More Misery
BusinessWeek - During the housing heyday, banks aggressively sold risky adjustable-rate mortgages known as option ARMs. ... If WaMu and Countrywide experience the same sort of problems, they will face significant writedowns and reverse years of ...
2008-03-13 06:56:00 -
Spiraling Health Care Costs Could Mean More Trouble for Americans ...
BlackNews.com - This estimate assumes that people work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes," Munnell said.
2008-03-12 09:42:00 -
Library footnotes
Des Plaines Times - April 22; and "Reverse Mortgages" at 2 p.m. April 23. A wide variety of tax forms are offered in a display case in the first-floor lobby of the main library through April.
2008-03-13 01:55:00 -
Analysis: Crying foul on accounting rules
Financial Times - In the last eight months, however, this once-benign pattern has gone into reverse. As the value of assets such as mortgages has tumbled, so has the value of portfolios.
2008-03-13 03:24:00 -
Leaders push ideas to address mortgage crisis
Raleigh News & Observer - ... Frank stood with Senate Banking Chairman Chris Dodd, D-Conn., at a news conference where they announced a plan to reverse the rising number of home foreclosures. They want to let the Federal Housing Administration insure and guarantee mortgages after ...
2008-03-13 11:38:00 -
Five Tax-Saving Strategies for Retirees
Smart Money - For more information, see our guide to reverse mortgages . For more on taxes on inherited investments, read our story here . Double up your itemized deductions
2008-03-13 04:21:00 -
New foreclosure rescue plan offers 'Help Now'
CNN Money - It would use those funds to buy up mortgages from investors in a reverse-auction process, at prices below the face value of the loans. In a reverse auction, sellers compete against one another, slashing prices until a buyer - in this case the ...
2008-03-13 05:18:00 -
Mortgage Meltdowns Continue
Washington Post - Also, reverse mortgages are beginning to see some growth, reports Anne Kates Smith in " A Reverse Mortgage Mess? " (March 9). Reverse mortgages allow homeowners (62 and older) to turn equity into cash as long as they stay in the house.
2008-03-13 12:18:00 -
Savage cuts for Bluestone Group
News.com.au - The national lender, which specialises in low-documentation loans and reverse mortgages to customers with impaired credit histories, has been operating in Australia since 2000.
2008-03-13 04:14:00 -
Riding out the share market rollercoaster
News.com.au - Reverse mortgages, which have grown rapidly in recent years, allow people to borrow against the equity in their existing home to free up cash to fund their retirement lifestyle.
2008-03-13 11:02:00 -
Bill regulating reverse mortgages stalls (Arizona Business Gazette)
The head of the House panel with purview over the banking industry is trying to salvage a proposal to enact Arizona's first-ever regulations of reverse mortgages.
2008-03-13 07:39:17 -
Finra Warns Seniors on Reverse Mortgages (AP via Yahoo! Finance)
The Financial Industry Regulatory Authority on Thursday urged senior citizens to carefully weigh their options before using reverse mortgages to tap their home equity for additional retirement income.
2008-03-13 10:08:27 -
Color of Money Live (Washington Post)
Personal finance columnist Michelle Singletary hosts a free-for-all discussion about money matters.
2008-03-13 10:55:56