Mortgage and Financial News From 2007-9-11 Page 16

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  • Nationwide Calls for Preservation of Pension Plan COLUMBUS ...

    dBusinessNews.com - Nationwide Calls for Preservation of Pension Plan COLUMBUS -- Nationwide is asking Congress to help reverse an ... ... including auto, motorcycle, boat, homeowners, life, commercial insurance, administrative services, annuities, mortgages ...
    2007-09-10 11:28:00

  • Hampton/Exeter area community calendar

    Portsmouth Herald - AN EDUCATIONAL SEMINAR ON REVERSE MORTGAGES, hosted by Heather L. Johnson of Your Home For Life, will be held at 10 a.m. Thursday, Sept. 20 at Exeter Public Library, 4 Chestnut St. If you are 62-plus, a homeowner and interested in learning how your ...
    2007-09-11 01:59:00

  • Free meals might bite back

    St. Petersburg Times - The most commonly touted: variable annuities, real estate investment trusts, equity-indexed annuities, mutual funds, private placements of speculative securities such as oil and gas investments, and reverse mortgages. Often, insurance or mutual fund ...
    2007-09-10 08:29:00

  • Seniors, beware 'free lunch'

    Baltimore Sun - These consumers are contacted later by salespeople pitching variable annuities, reverse mortgages, equity-indexed annuities, mutual funds and real estate investment trusts, the report found. Salespeople often play on your fears, such as the loss of ...
    2007-09-11 12:11:00

  • Reverse mortgages to be topic

    Sun and Press - Action for Older Persons Inc., 30 W. State St., Binghamton, is presenting a Reverse Mortgages seminar at 10 a.m. Sept. 26. Reverse mortgages have been around for decades but remain a misunderstood financial option for seniors. This information ...
    2007-09-11 04:29:00

  • More seniors turn to reverse loans

    Miami Herald - Just over 300,000 reverse mortgages have been originated in total, according to the National Reverse Mortgage Lenders Association. But recent statistics show the industry is growing. Issuance of these loans rose to 85,639 in 2006, up from 48,493 the ...
    2007-09-11 01:37:00

  • More seniors turn to reverse loans (Miami Herald)

    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.
    2007-09-11 04:32:00

  • Today's other top business headlines:Mortgages in reverse help out seniorsDeer Valley tops resort list at SKI Magazine (Standard-Examiner)

    Read these stories and more in today's Digital Edition of the Standard-Examiner
    2007-09-10 11:10:44

  • Helping out seniors: Reverse mortgages being used to escape toxic home loans and lines of credit (South Bend Tribune)

    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.
    2007-09-11 04:06:06

  • Economic Snapshot for September 2007

    American Progress - Families feel the pressure. The share of new mortgages entering foreclosure was 0.7% in the second quarter of 2007, reflecting the fifth increase in a row to the highest level on record since 1979. 5. Housing market slows. New home sales in July this ...
    2007-09-11 06:16:00

  • U.S. Stocks Advance; McDonald's, General Motors Shares Climb

    Bloomberg - McDonald's Corp., the world's biggest restaurant chain, rallied for a second day after August sales were better than some ... biggest U.S. mortgage company is trying to find additional investors to increase its capital after a rise in problem mortgages ...
    2007-09-11 08:25:00

  • French Connection Falls After Sales Decline Forecast (Update2)

    Bloomberg - ... Group Plc, the fashion retailer with stores in 33 countries, fell to a five-year low in London trading after saying second ... interest rates have risen five times in the past year and energy prices have increased, leaving shoppers with higher mortgages ...
    2007-09-11 05:40:00

  • Savills Sees Decline in U.K. Commercial Property Transactions

    Bloomberg - ... to make acquisitions because some lenders are unwilling to provide credit after the collapse of U.S. subprime mortgages. At the same time, valuations of commercial real estate are falling, led by less attractive sites. ``The second half will ...
    2007-09-11 03:53:00

  • Countrywide eyeing another bailout

    CNN Money - NEW YORK (CNNMoney.com) -- Troubled mortgage lender Countrywide Financial is putting together its second multi-billion ... Countrywide is in desperate need of cash right now to continue funding mortgages and the credit markets are still largely ...
    2007-09-11 06:31:00

  • Intesa Sanpaolo Q2 net 1.357 bln eur vs 1.346 bln, in line UPDATE

    Forbes - MILAN (Thomson Financial) - Intesa Sanpaolo SpA said its net profit in the second quarter rose to 1.357 bln eur from a pro ... The bank said that up to Aug 31 it had no sub-prime mortgages in its mortgage portfolio, adding that it had financial ...
    2007-09-11 06:23:00

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