Mortgage and Financial News From 2008-2-17 Page 4

RSS Feed

Previous Day: 2008-02-16

Return to the mortgage news archive home.

  • A new course (Albany Times Union)

    Experts advise homeowners to approach reverse mortgages with caution
    2008-02-17 01:52:15
  • A New Mortgage Mess on the Way? (WFMJ Youngstown)

    Easily the biggest financial fear of elderly Americans is that they'll outlive their money. So it's easy to see why the $4 trillion of home equity that's wrapped up in the houses of America's senior citizens seems like an attractive solution to an underfunded old age.
    2008-02-17 10:26:57
  • Advertisement starts (Tiscali)

    in the brand that is the No. 1 most respected brand in the U.K., and all the expertise that goes with that." A victim of the global credit crunch, Northern Rock has been enveloped in crisis over the past month as it became the first target of a run on a U.K. bank in 140 years.
    2008-02-17 08:13:39
  • Subprime Debacle Lessons

    Forbes - ... than advertised, but it has also demonstrated structural weaknesses in our securities markets that go well beyond mortgages ... A second lesson here is that the magnitude of a financial miscalculation--like the CDOs represented--is amplified by the ...
    2008-02-14 03:54:00
  • Parents fail to cash in on tax-free savings for children

    Guardian Unlimited - Next year, the first CTF account holders will turn seven and will be entitled to receive their second government ... However, all Advantage's mortgages were serviced by another company, HML, which is unaffected by the decision. 'Existing ...
    2008-02-17 03:05:00
  • You can bet your life this policy will end in tears

    The Independent - ... need more second-hand policies to feed the derivatives market. So far, the repackaging of old policies through securitisations and structures akin to collateralised debt obligations (the structured finance products created out of sub-prime mortgages ...
    2008-02-16 03:59:00
  • Darling finally forced to nationalise Northen Rock in £100bn gamble ...

    Evening Standard - The Conservatives claimed the decision meant every family in Britain was effectively being saddled with a "second mortgage ... Now the taxpayer will bear the full risk of lending £100billion of mortgages in an uncertain housing market." Scroll down for ...
    2008-02-17 03:51:00
  • Unsold homes swamp property market as owners sell now to avoid big ...

    Evening Standard - Others are being forced to sell because they can no longer cope with their massive mortgages and other debts. But the glut of ... This is the second survey in a week to show that estate agents' windows are filling up with properties which they are ...
    2008-02-17 03:51:00
  • Legg Mason battling doubters in market

    Baltimore Sun - And lately some of its safest funds have been tainted by declining investments related to subprime mortgages. One analyst ... As for Miller, not only is he poised to trail the market for a second year -- after beating it for 15 years in a row -- but ...
    2008-02-17 07:58:00
  • Seeking protection

    Boston Globe - ... would apply solely to existing loans, but the industry says it still would undermine investor confidence that future mortgages ... The Canfields filed for bankruptcy instead, seeking a second chance. "I guess I'm just stubborn," Kim said. "I want to keep ...
    2008-02-17 05:07:00
  • Nationalisation rocks Brown's reputation

    Financial Times - ... minister has been accused of undermining business and the City: first through reforms to capital gains tax; and second ... Now the taxpayer will bear the full risk of lending £100bn of mortgages in an uncertain housing market," he said. Critics have ...
    2008-02-17 06:00:00
  • Homeowners get guidance on avoiding foreclosure

    Dallas Morning News - Fantaye Akbar, southern regional director for ACORN Housing, said that too many people wait until the last second – or even later – before seeking help with their mortgages. "They are wishing and hoping in their minds that something will happen ...
    2008-02-17 12:35:00
  • Australian Stocks Fall; Japan's Aioi Insurance May Report Loss

    Bloomberg - ... Insurance Co. will report a loss of more than 80 billion yen ($740 million) on investments linked to U.S. subprime mortgages ... Sony, also the world's second-biggest maker of consumer electronics, may advance after Kyodo news reported Toshiba Corp ...
    2008-02-17 03:58:00
  • Correction: New Rules Ease the Sting of Mortgages

    New York Times - ... credits resulting from the exercise of incentive stock options. While it is $5,000 under one calculation method, some taxpayers may claim more than that under a second method if their income is not too high. New Rules Ease the Sting of Mortgages ...
    2008-02-17 02:01:00
  • Foreclosures lead to another problem: suburban blight

    Daily Pilot - Unfortunately, there's just one Anderson and scads of empty foreclosure homes, as a market gashed by sub-prime mortgages staggers into its second year. Nearly 32,000 Californians lost their homes in the quarter ending Dec. 31, a new record, according ...
    2008-02-17 01:56:00