Mortgage and Financial News From 2007-12-15 Page 7
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Financial Sector Credit
Safe Haven - These companies insure thousands of billions of dollars of debt, including securities backed by subprime mortgages, but ... asset values of these vehicles, and do not expect investors to return to the market in sufficient numbers to reverse the ...
2007-12-15 06:15:00 -
How to be a golden oldie in retirement
Stuff - Taking a reverse mortgage too young: Once you are in your 80s you can look at having a reverse mortgage, says Renfrew, although she cautions that they can rapidly consume the equity of younger retirees. "These sorts of mortgages have taken a huge ...
2007-12-15 12:06:00 -
Senior Planner
Chico Enterprise-Record - REVERSE MORTGAGES: 10 a.m.-noon. Community Center. Presentation by Walt Turner. 893-5150. CLASSIC SCULPT: 9:05-9:55 a.m. Chico Sports Club. Weekly. GENTLE YOGA: 9:30-10:45 a.m. Community Center. Weekly. WATER WALK: 9:30-10:30 a.m. Chico Sports Club ...
2007-12-15 12:10:00 -
How to be a golden oldie in retirement (Stuff)
Mistakes made with your money in retirement can follow you to the grave, and perhaps even hasten you there.
2007-12-15 12:03:37 -
The best and worst money moves of 2007 (Bankrate.com via Yahoo! Finance)
From investing to credit to spending, here are some of the wisest and not so wise financial moves for the year.
2007-12-15 03:00:00 -
U.S. Stocks Decline as Fed Fails to Assuage Recession Concern
Bloomberg - Treasury yields gained for a second straight week as traders pared bets that the Fed will cut interest rates next month ... and brokerages have announced more than $70 billion of losses and writedowns amid record high defaults on subprime mortgages ...
2007-12-15 06:01:00 -
Pound Falls as Banks' Funding Plan Fails to Lower Lending Rates
Bloomberg - ... declined for a third week against the dollar as money-market rates for the U.K. currency failed to respond for a second day ... Financial institutions this year announced more than $70 billion of losses linked to subprime mortgages. The pound ...
2007-12-15 02:12:00 -
Investor group misses debt deal deadline
Globe and Mail - ... to buy any more of the short-term debt amid concern that the assets underlying the debt included U.S. subprime mortgages. Big ... This is the second extension in that truce that the committee has sought since August, as the restructuring has proved more ...
2007-12-15 11:45:00 -
Do-better tourism
Chicago Tribune - On our second Honduras excursion, early 2002, we arrived with our two young-adult sons to help build homes with Episcopal ... in construction through their "sweat equity," lowering the cost as they eventually repay their no-profit Habitat mortgages. We ...
2007-12-15 10:26:00 -
AP Top News at 2:21 p.m. EST
Newsday - OKLAHOMA CITY (AP) -- Oklahoma residents were mostly spared a threatened second wintry blast on Saturday, as crews were ... WASHINGTON (AP) -- People taking out home mortgages may gain new protections soon against shady lending practices as the ...
2007-12-15 11:23:00 -
In a Mess, Yes, but She’s Got a Plan (NYTimes.com via Yahoo! Finance)
The person who spurred the government to action concerning the subprime mortgage mess was not Treasury Secretary Henry M. Paulson Jr. It was Sheila C. Bair.
2007-12-15 11:54:18 -
Kenneth Harney: Solid FICO score will eliminate some seeking rate freeze (Arizona Daily Star)
It may be the only test you flunk if you score too high: It's called the "FICO Test," and it is a key element of the sometimes arcane new guidelines governing which homeowners qualify for "fast track" interest rate freezes on their subprime mortgages, and those who don't.
2007-12-14 11:27:02 -
Pound Falls as Banks' Funding Plan Fails to Lower Lending Rates (Bloomberg.com)
Dec. 15 (Bloomberg) -- The pound declined for a third week against the dollar as money-market rates for the U.K. currency failed to respond for a second day to combined action by central banks to ease a year-end credit squeeze.
2007-12-15 02:31:42 -
Stocks fall on worries high inflation could put blocks to interest ...
Edmonton Sun - TORONTO - Stocks lost more ground Friday at the end of a losing week as investors fretted that higher-than-expected inflation could put the brakes on interest rate cuts by the U.S. Federal Reserve. Toronto's S&P/TSX composite index fell 73.02 points ...
2007-12-14 01:19:00 -
UPDATE 2-UAE says Gulf may revalue currencies - paper
Forbes - Suweidi has also always said he would only act in concert with ... The dollar pegs force the region to shadow U.S. interest rates. The U.S. Federal Reserve has cut rates by 100 basis points since Sept. 18 to contain the fallout from a mortgage crisis ...
2007-12-15 08:39:00