Mortgage and Financial News From 2007-8-19 Page 9

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• Market downturn doesn't spare Tennessee's publicly traded stocks

  Nashville Tennessean - Baird & Co., however, doesn't believe the Fed's move was enough to reverse Wall Street's downward momentum and remove all ... Tennessee Bank, suffered a 14.5 percent hit in stock price because of Wall Street's concerns about its exposure to mortgages ...
  2007-08-19 07:17:00

• New law protects homebuyers

  Daily Southerner - The laws protect homebuyers from adjustable rate mortgages they can’t afford at the maximum rate, Easley said. They also ... Blue said the laws reverse two rulings by the state Supreme Court, including a decision that set strict time limits on how ...
  2007-08-17 03:19:00

• Davenport feels effects of national sub-prime sink hole

  Quad-Cities Times - ... was quick to blame overeager homebuyers for the 133 foreclosures in Davenport this year. “ ‘Adjustable rate mortgages ... wait until I give them that ‘magic number’ of ‘what they can afford.’ In my opinion, more LOs need to take a reverse ...
  2007-08-18 10:49:00

• Fed cuts bank-loan rate, markets rally

  Miami Herald - You're not going to reverse overnight a formal cut in the federal funds rate," Gault observed. Housing is at the center of today's Wall Street crisis. Fears about massive defaults on sub-prime mortgages, those given to borrowers with the weakest ...
  2007-08-17 04:45:00

• Dow futures are down more than 100

  Seattle Post Intelligencer - ... Petti, right, directs trading at his post on the floor of the New York Stock Exchange, Thursday morning, Aug. 16, 2007. Stocks fell sharply Thursday after a move by Countrywide Financial Corp. confirmed fears of widening problems with some mortgages ...
  2007-08-16 12:54:00

• Bernanke to the rescue with a surgical strike

  Times Online - The Fed specifically listed “home mortgages and related assets” as acceptable collateral. Bernanke once said that the way ... They want Bernanke to cut interest rates to reverse what they see as a major slowdown in the economy. He is hesitating. The ...
  2007-08-19 02:45:00

• Offer seller financing to move unsold condo

  Akron Beacon Journal - I have been reading in your articles and elsewhere about reverse mortgages. I am retired and under age 62. My wife is over 62. Can we qualify for a reverse mortgage? Ronald B. A: To obtain a reverse mortgage, all principal-residence co-owners must ...
  2007-08-18 05:02:00

• Manhattan’s Real Estate Slump That Wasn’t

  New York Times - ... estate brokers fretted through an ominously quiet third quarter, many Manhattanites waited for the housing market to reverse ... in light of the recent gyrations in the debt market, which have led to a reduction in the availability of large mortgages and ...
  2007-08-19 12:18:00

• Net Worth: What the Fed move means to markets

  San Francisco Gate - A: Rising delinquencies on subprime and other questionable mortgages have caused the price of mortgage-backed securities - even ... They've given themselves the leeway to cut the fed funds rate without appearing to suddenly reverse course, without alarming ...
  2007-08-19 01:08:00

• Capitol Beat: State proposition backers never lose hope Initiative ...

  San Jose Mercury News - And it was duly noted that three of Simitian's bills - on pretexting, radio frequency identification and predatory lending on reverse mortgages - were among those considered by the federation in scoring lawmakers. But, in the interest of fairness, let ...
  2007-08-19 08:43:00

• German Banks Continue to Feel US Credit Crunch

  Deutsche Welle - Despite European stocks rising in early morning trading on Monday in a reverse of the two-day slump stemming from US subprime mortgages credit crunch, the bad news for German banks continued as reports broke of another US building society with ...
  2007-08-19 08:00:00

• Deborah J. Blue, a shareholder in the law firm of Dickinson & Gibbons ...

  Bradenton Herald - Cabrales' specialties include closings for reverse mortgages, serving the Hispanic community as a bilingual interpreter, affordable housing, down payment assistance, FHA, VA and Florida housing bonds. Gerry Feudo has joined the new team at Wagner ...
  2007-08-19 06:48:00

• Evans senior news

  Greeley Tribune - Sept. 25 is a good day for all of you folks who would like to know the particulars about reverse mortgages. We will be hosting a seminar for folks to get you the facts about reverse mortgages. It will be held immediately following lunch that day. If ...
  2007-08-19 06:55:00

• To cut Treasuries' risk, create a bond ladder (Asbury Park Press)

  If you've been following the turmoil in the credit markets, you have probably assumed that the only thing left of your bond fund is a pair of your manager's smoldering loafers.
  2007-08-19 08:41:31

• Market downturn doesn't spare Tennessee's publicly traded stocks (The Tennessean)

  Investors in Tennessee-based publicly traded companies have had few reasons to smile during the past month's volatile stock market ride — a downturn sparked by widespread credit concerns linked to housing and weakness among big U.S. mortgage companies.
  2007-08-19 07:03:08

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