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

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    Senior Journal - Financial Freedom Senior Funding Corporation, a subsidiary of IndyMac Bank, F.S.B., headquartered in Irvine, California, is the largest originator of reverse mortgages in the United States. Financial Freedom originated over $5 billion in ...
    2007-09-10 01:48:00

  • Reverse mortgages can be helpful to the elderly

    Marion Star - I have been helping seniors and their families navigate reverse mortgages exclusively for almost six years and I now live and work in Marion. Because of my extensive experience with reverse mortgages, I wanted to clarify some information in Mr. Teel ...
    2007-09-10 07:22:00

  • More Senior Citizens Looking to Their Homes to Help Fund Their Retirement (Senior Journal)

    Sept. 10, 2007 – If you have your eye on your parent's home and assume you will inherit it someday, you may be counting your chickens before they hatch.
    2007-09-10 02:02:07

  • Nationwide Calls for Preservation of Pension Plan (Business Wire via Yahoo! Finance)

    COLUMBUS, Ohio----Nationwide is asking Congress to help reverse an IRS action that could potentially decrease the pension benefits of nearly 15,000 company employees hired before 2002.
    2007-09-10 03:00:00

  • Some seniors turn to reverse mortgages to escape toxic home loans and lines of credit (San Jose Mercury News)

    Using a home equity line of credit, David Casey and his wife Joyce made some much-needed improvements around their house.
    2007-09-10 02:13:22

  • More seniors are turning to reverse mortgages (MSNBC)

    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.
    2007-09-10 02:09:02

  • Barclays Says Securities Unit `Traded Profitably' (Update4)

    Bloomberg - ... days or less, are facing funding shortages as investors refuse to buy debt secured by assets including U.S. subprime mortgages ... It's competing against a higher joint bid led by Royal Bank of Scotland Group Plc, the second-biggest U.K. bank by market ...
    2007-09-10 02:24:00

  • Economists warn of US house price slide

    Times Online - ... prices falling: first, the rising number of unsold homes; and secondly, the fact that the number of sub-prime mortgages, which ... Mr Weinberg is expecting the US economy to stagnate during the second half of this year and is worried that it will tumble ...
    2007-09-10 03:50:00

  • RAIT Financial Trust Announces Third Quarter 2007 Cash Dividend

    Forbes - As stated in our second quarter Form 10-Q filed on August 8, 2007, '(R)ecent developments and market conditions may ... We originate and invest in commercial mortgages, mezzanine loans and other loans, trust preferred securities, subordinated ...
    2007-09-10 02:31:00

  • A.M. Best Affirms and Downgrades Ratings of First American Title ...

    Forbes - ... years the group took in the second quarter of 2006. The higher than expected claims arising from 2004 through 2006 derived from the significant increase in defaults, foreclosures and mortgage fraud that has developed in 2007 related to mortgages ...
    2007-09-10 12:08:00

  • Italian Second-Quarter Growth Slows as Exports Drop (Update2)

    Bloomberg - Italian Second-Quarter Growth Slows as Exports Drop (Update2) By Flavia Krause-Jackson Sept. 10 (Bloomberg) -- Italy's ... The prospect for higher rates doesn't bode well for home- owning families saddled with mortgages. Prime Minister Romano Prodi ...
    2007-09-10 06:03:00

  • AMD expects new server chip to boost results

    Reuters - I don't know to what extent it will have a spillover effect on consumers," Ruiz said of the wave of defaults on high-risk mortgages that has roiled the U.S. economy. "I think that consumers seem not to be impacted, yet." "We went into the second half ...
    2007-09-10 12:58:00

  • U.S. Housing Slump May Last Until 2009, Moody's Says (Update3)

    Bloomberg - ... until 2009 and home sales will take a ``substantial hit'' in the next several months as borrowers struggle to get mortgages ... Snider said that Moody's had estimated there might be a second-half housing recovery in 2008. That forecast has now ``been ...
    2007-09-10 01:41:00

  • Most U.S. Stocks Drop on Growth Concern; Countrywide Declines

    Bloomberg - Sept. 10 (Bloomberg) -- Most U.S. stocks fell for a second day after two Federal Reserve officials suggested the economy ... this year, the worst performance in the index, on concern that credit- market losses spurred by defaults on subprime mortgages ...
    2007-09-10 03:00:00

  • Delinquent mortgages on the rise in Arizona

    AZCentral.com - More Arizona homeowners fell behind on their mortgage payments this summer, indicating foreclosures will keep climbing. The number of delinquent mortgages rose half a percentage point during the second quarter of the year. Now, 3.55 percent of all ...
    2007-09-10 09:38:00

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