Mortgage and Financial News From 2008-1-25 Page 12

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  • Hate to Spoil a Weekend, but .... (NYTimes.com via Yahoo! Finance)

    I don’t see how you can avoid a certain amount of gloom given the week we’ve just had — and its implications for the future of the U.S. economy. .
    2008-01-25 07:40:00

  • At the center of the stimulus plan: Consumers debate how to spend their windfall (The Ledger Independent)

    ST. LOUIS -- The success of the federal $150 billion emergency economic stimulus plan will hinge on whether American consumers do what they do best -- spend, spend, spend.
    2008-01-25 07:53:05

  • Rebates on fast track in economic revival plan

    Houston Chronicle - Democrats said that would be the reverse of Bush's earlier tax policies, which primarily benefited wealthier tax filers. "It ... These temporary, one-year increases would make it easier for home buyers to get new mortgages or refinance existing loans in ...
    2008-01-24 10:46:00

  • American consumers prove a keystone for the global economy

    International Herald Tribune - Indeed, the very global interconnections that many thought might spare the United States now appear to be working in reverse ... years of the real estate boom, Americans pulled more than $800 billion a year out of their homes through refinanced mortgages ...
    2008-01-24 11:00:00

  • Bill Clinton campaigns for his wife in Spartanburg

    Spartanburg Herald-Journal - ... providing $30 billion to states to help people who are in danger of losing their homes because of sub-prime mortgages ... They first took over the Republican Party, and then they preformed reverse-plastic surgery on the Democrats." Bill Clinton ...
    2008-01-25 10:27:00

  • Alan Greenspan in conversation

    Globe and Mail - ... up with an extraordinary and very surprising level of outstanding mortgage-backed securities backed by subprime mortgages. I ... It's, in a sense, the reverse the division of labour which means that economic activity will fall, and indeed it did for ...
    2008-01-25 05:27:00

  • Sell Now? What Then?

    Motley Fool - Jaw-dropping plunges that reverse themselves into triple-digit gains in less time than it takes me to go on a bathroom break ... With billions of dollars' worth of adjustable rate mortgages due to reset this year and interest rate cuts failing to stop ...
    2008-01-25 09:37:00

  • Munis Poised for Year's First Weekly Drop on Insurer Concerns

    Bloomberg - ... sell short-term tax-exempt debt to finance purchases of higher-yielding long-term municipal bonds face having to reverse the ... to A yesterday because of shortfalls in their capital cushions for coverage of debt linked to defaulting subprime mortgages ...
    2008-01-25 10:13:00

  • Reprieve for Elderly Home Owner

    Fox 6 - FOX6 Investigative Reporter John Mattes interviews Matthew Copley, the founder of Senior American Funding. Copley's company specializes in reverse mortgages in which seniors can get money for their homes. In Mr. Copley's company, they also turn ...
    2008-01-24 10:39:00

  • Former assessor files claim vs. Maricopa County, state

    AZCentral.com - ... Ross of using his position "to obtain a valuable benefit" when he gave a mortgage broker the names and addresses of elderly property owners who qualified for valuation freezes and planned to split commissions from the sale of reverse mortgages. No ...
    2008-01-23 11:09:00

  • Florida AG McCollum: Seniors Should be Wary of Reverse Mortgages Scams

    All American Patriots - January 24, 2008 -- TALLAHASSEE, FL – Florida Attorney General Bill McCollum today issued a consumer advisory warning Florida’s senior citizens about a mortgage-related scam that may target them directly. As he unveiled legislation this week to ...
    2008-01-23 03:59:00

  • Feds would back jumbo mortgages in economic plan

    Palm Beach Interactive - WASHINGTON — To help reverse the severe housing slump, Congress will include measures to boost home sales as part of its economic stimulus plan, Rep. Barney Frank, D-Mass., said Thursday. While the changes would not help residents in low-price ...
    2008-01-25 11:46:00

  • Florida AG McCollum: Seniors Should be Wary of Reverse Mortgages Scams - All American Patriots (press release)

    Florida AG McCollum: Seniors Should be Wary of Reverse Mortgages ScamsAll American Patriots (press release), Sweden - 18 hours agoReverse mortgages are a special type of home loan that allow homeowners who are 62 and older to borrow against their home equity without having to repay the ...
    2008-01-25 01:00:54

  • Drinks industry prepares to weather economic storm - just-drinks.com (subscription)

    Drinks industry prepares to weather economic stormjust-drinks.com (subscription), UK - 12 hours agoThe situation is worst in the US, where the whole 'toxic mortgages' affair has imploded in spectacular fashion. With current odds on a full-blown recession ...
    2008-01-25 07:39:14

  • Sell Now? What Then? - Motley Fool

    Sell Now? What Then?Motley Fool - 10 hours agoJaw-dropping plunges that reverse themselves into triple-digit gains in less time than it takes me to go on a bathroom break. Bank write-offs so huge that I ...
    2008-01-25 09:45:03

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