Mortgage and Financial News From 2008-2-26 Page 10

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  • State offers money-saving tips

    Portland Press Herald - The state Bureau of Financial Institutions offers an online library of resources about money management, borrowing, credit cards, and reverse mortgages at maine.gov/pfr/financialinstitutions.
    2008-02-25 09:43:00
  • Is a financial planner trying to swindle my mom?

    CNN Money - But it would raise additional suspicions in my mind about the adviser's motives, especially given all I hear about seniors being steered into reverse mortgages by people looking to sell them annuities or other products.
    2008-02-26 07:41:00
  • How to retire well and well off (Bankrate.com via Yahoo! Finance)

    Fitness guru Jack LaLanne and investment adviser Matthew J. Rettick team up on new book to help you live well into retirement while having enough money to enjoy it.
    2008-02-26 03:00:00
  • Hale "Bonddad" Stewart: Don't Expect Economic Problems to End Anytime Soon (HuffingtonPost)

    Economic problems run wide and deep. There is no simple way to deal with the escalating federal debt issue. It's going to take cutting spending and raising taxes.
    2008-02-26 04:59:42
  • Critics call current tax on homes ¡®antiquated¡¯ (JoongAng Daily)

    It¡¯s the dream of all Koreans to see the price of their homes rise, which means big profits when selling the property in the future. But Yang Ji-seung, a 61-year-old retiree in Seocho District, southern Seoul, hopes otherwise.
    2008-02-26 07:05:57
  • Is a financial planner trying to swindle my mom? (CNN Money)

    Question: My 63-year-old mother earns about $1,200 a month, has $90,000 in savings and, as a result of a recent refinancing, has a $90,000 30-year mortgage. In three years she will begin collecting an estimated $1,300 a month from Social Security. A financial adviser suggests she put $60,000 into a variable annuity that is guaranteed to double in value in 10 years. Is this a good idea? --David, ...
    2008-02-26 07:54:28
  • Vice Chairman Donald L. Kohn (Federal Reserve Board)

    When, at the end of July, I accepted Tom Simpson's invitation to speak to you today on the economy and monetary policy, little did I realize the challenges I would face.
    2008-02-26 09:16:57
  • Fresh doubts arise over Fed tactics (Financial Times)

    Ever since the Federal Reserve began to cut interest rates in a bid to mitigate the fallout from the credit squeeze and housing crisis, some economists have argued that the US central bank would not have much impact on the economy.
    2008-02-26 01:47:18
  • 'Christian-based' contractor comes up short

    Chicago Sun-Times - Still, the 41-year-old, who grew up in Hickory Hills, is paying $1,100 a month in mortgages on a house that's due to be razed. She took out a second mortgage to pay Skuzinski, who wanted all the money for the addition up front.
    2008-02-25 07:35:00
  • Tips on getting home loans

    Detroit News - No-money-down mortgages will be harder to find and more expensive. Don Taylor / Bankrate.com ... With this option, a second mortgage is taken out at the same time you close on the first mortgage.
    2008-02-24 10:02:00
  • Home price a bargain? Not so fast...

    Santa Rosa Press Democrat - After rising steadily the past two years, the pace of foreclosures accelerated in the second half of 2007, when a record number of Sonoma County residents lost their homes because they no longer could afford their mortgages.
    2008-02-26 12:20:00
  • From the New Deal, a Way Out of a Mess

    New York Times - A second reason is that reducing the wave of foreclosures would mitigate the closely related financial crises in home mortgages and the alphabet soup of financial creations based on them (M.B.S., S.I.V.’s, C.D.O.’s, etc.). If those markets ...
    2008-02-23 03:58:00
  • Correction - Fitch Announces Various Rating Actions on Mortgage ...

    Forbes - ... the current situation was impacted mainly by the subprime mortgage sector, deterioration has begun to spill over to other mortgage asset classes, such as adjustable-rate, negative amortizing, reduced documentation (Alt-A), and second-lien mortgages.
    2008-02-24 03:57:00
  • Expected loan losses drag down bank earnings

    CNBC - ... widespread concerns over mortgage lending, the nonaccrual rates in most states on one-to-four family residential mortgages ... It's no surprise to anyone that the second half of 2007 was a very tough period for the banking industry," Bair said.
    2008-02-26 12:13:00
  • European Company Profit Estimates Are Cut by Analysts (Update1)

    Bloomberg - ... assets, fell to a four-year low on Feb. 14, when the company said writedowns on securities infected by U.S. subprime mortgages ... on Feb. 20 dropped the most since 2003 in Amsterdam trading after reporting a bigger- than-estimated decline in second-half ...
    2008-02-26 09:42:00