Mortgage and Financial News From 2008-2-9 Page 47

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  • Stimulus divides experts Real economic impact of package open for debate (Inside Bay Area)

    The National Association of Realtors called it ''a major stimulus for the housing industry.
    2008-02-09 02:51:17

  • Buyers invoke escape clause in takeover bids

    Nashville Tennessean - They ended up not doing a deal they didn't want to do, and they ended up not paying a $900 million reverse breakup fee ... A record $186 billion of private-equity purchases collapsed last year after losses tied to subprime mortgages reduced demand ...
    2008-02-09 02:10:00

  • PRESS DIGEST - Washington Post Business - Feb 9

    Reuters - Many homesellers find they must sell for less than they owe on their mortgages, creating friction between two sets of lenders ... pulled a picture out of their cameras, an image would slowly appear before their eyes. Now, like the process in reverse, the ...
    2008-02-08 09:02:00

  • Foreclosures Can Be Avoided

    citizenet.com - ... them to counseling. If your lender is not willing to restructure your loan, Realtors can refer you to other responsible lenders in your area. Some elderly borrowers have even found solutions to their mortgage difficulties through reverse mortgages ...
    2008-02-08 01:03:00

  • Q4 2007 MBIA Inc. Earnings Conference Call - Final - Insurance News Net (press release)

    Q4 2007 MBIA Inc. Earnings Conference Call - FinalInsurance News Net (press release), PA - Feb 7, 2008At midyear 2007, we and the market began to have some concern about subprime mortgages as analysts began to forecast 8% to 10% cumulative losses on some ...
    2008-02-07 10:27:41

  • David Carey joins Sun West Mortgage Company as Vice President - Eworldwire (press release)

    David Carey joins Sun West Mortgage Company as Vice PresidentEworldwire (press release), NJ - 13 hours agoIts diversified loan programs include FHA and jumbo reverse mortgages, FHA single family and multi-family, VA, conventional, jumbo, and home equity ...
    2008-02-08 12:58:17

  • PRESS DIGEST - Washington Post Business - Feb 9 - Reuters

    PRESS DIGEST - Washington Post Business - Feb 9Reuters - 5 hours agoMany homesellers find they must sell for less than they owe on their mortgages, creating friction between two sets of lenders, one of which will likely be ...
    2008-02-08 09:11:17

  • Housing needs for elderly often overlooked - Ithaca Journal

    Housing needs for elderly often overlookedIthaca Journal, NY - 4 minutes agoThe Office for the Aging also counsels “house-rich but cash-poor seniors” on reverse mortgages, Stoyell said. Spence said there are so many groups in ...
    2008-02-09 02:29:51

  • Religion Briefs for week of Feb. 9 (TCPalm.com)

    A roundup of faith-related news items along the Treasure Coast.
    2008-02-08 09:05:59

  • Art Galleries (Palo Alto Weekly)

    "Off The Wall Small" Group show of small works. Show runs Jan. 9-Feb. 10, Free. For more information, call Pixie Couch at 650-701-1018 or e-mail pixiec@mindspring.com or visit www.themaingallery.org . The Main Gallery, 1018 Main St., Redwood City
    2008-02-09 12:06:50

  • Banks urged to reveal subprime losses

    News.com.au - ... in the United States and Europe, have suffered heavy losses from their exposure to securities backed by troubled US mortgages. ... say other G7 members have more limited room for measures to stimulate demand, particularly Japan, the world's second ...
    2008-02-09 01:41:00

  • Manufacturing facility cuts up to 100 jobs

    Citizen's Voice - The Federal Reserve slashed a key short-term interest rate for the second time in January. The cut from 4.25 percent to 3 percent should make car loans, mortgages and credit cheaper. On Thursday, Congress passed the highly touted economic stimulus ...
    2008-02-08 11:18:00

  • Gift cards, not rebates, would spur spending

    Newsday - I'm sure our good friends at the leading banks, deeply embarrassed by the misleading subprime mortgages and obscene interest ... Seriously, a recession might lead them to give up their second and third homes, which would negate the fun they have ...
    2008-02-08 11:54:00

  • Housing development group wins $125,000

    Spartanburg Herald-Journal - Daryl Dalton, Spartanburg Housing Development Corp. director, said $45,000 will be used for operating expenses; $30,000 will be used for capital projects and $50,000 will be used for capital lending to assist families with second mortgages and gap ...
    2008-02-08 11:54:00

  • Court commissioner halts issuance of 50 taxi licenses

    Seattle Times - ... already bought and repainted 50 vehicles based on the county's decision last fall to award the licenses. To delay issuance of the licenses, he said, would create a hardship for drivers who have invested their savings and taken out second mortgages to ...
    2008-02-09 12:08:00

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