Mortgage and Financial News From 2008-6-4 Page 4
Previous Day: 2008-06-03
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Expert: Don Taylor, Ph.D., CFA, CFP (Bankrate.com)
Dear Dr. Don, What do you think of reverse mortgages? We are in our 70s and live on a small income. -- Joyce Juncture Dear Joyce, Reverse mortgages are becoming popular as retirees with inadequate retirement income choose to tap the equity in their homes without the strain of adding loan payments to the monthly nut.
2008-06-04 03:42:27 -
The mortgage that grows (Canadian Business)
Canadians have seen their homes rocket up in value over the last decade and it’s hard not to let that sudden wealth go to your head. If your house is suddenly worth half a million dollars, why shouldn’t you use some of that equity to take a holiday, build a deck, or send your kids to a good school?
2008-06-04 06:09:36 -
MetLife Buys Residential Mortgage Assets (TheStreet.com)
It will acquire the residential mortgage origination and servicing business of First Tennessee Bank.
2008-06-04 07:18:20 -
MetLife buying First Tennessee's mortgages (Crain's New York Business)
MetLife will acquire most of the bank's residential mortgage arm, excepting subprime cases.
2008-06-04 10:13:25 -
Mortgage approvals fell to new low in April - The Independent
The buy-to-let boom goes bust The next banking crisis? B&B accused of bailing out underwriters at expense of shareholders Leading article: A crisis on the home front Jeremy Warner's Outlook: When the underwriting contract is worth no more than a B&B ...
2008-06-02 04:47:00 -
Financial Sector Slammed By Fresh Credit Worries - CNBC
Downgrades of three U.S. investment banks, an ouster of Wachovia's chief executive, and a bleak U.K. housing market outlook from a British mortgage lender shook markets on Monday, reigniting fears that the global credit crunch will continue to hurt ...
2008-06-02 01:05:00 -
Looming Downgrades For Ambac, MBIA, Cast Pall On Street - Forbes
A rebound for Lehman Brothers and a strong jobs report combined with easing oil prices to give Wall Street a lift Wednesday, but another round of bad news for bond insurers looms, putting a damper on what had been a strong day. After a slow start ...
2008-06-04 02:21:00 -
GMAC, ResCap Complete $60 Billion Financing Package (Update4) - Bloomberg
June 4 (Bloomberg) -- GMAC LLC , the consumer lender trying to salvage its money-losing mortgage business, arranged more than $60 billion in new and refinanced credit to quell concern about the company's financial health. The package includes an $11 ...
2008-06-04 02:14:00 -
Market Manipulation--Or Just Business As Usual? (Forbes)
The answer is far from obvious.
2008-06-04 01:06:25 -
‘Poor’ grade for government’s asset reform (Philippine Daily Inquirer)
“Poor.” This was the dismal grade for the implementation of asset reform laws intended to benefit farmers, indigenous communities, fisherfolk and the urban poor.
2008-06-04 03:04:43 -
Ambac And MBIA Get Moody With Moody's (Forbes)
MBIA and Ambac at risk of losing their tripel-A ratings.
2008-06-04 03:11:57 -
Fuss Sees No Muss With Lehman (Forbes)
Loomis Sayles exec gives beleaguered investment bank a big vote of confidence.
2008-06-04 04:57:06 -
Builders facing cash calls as sales slump (Independent)
Many of Britain's biggest housebuilders could be forced into deeply discounted emergency rights issues before the end of the year, City analysts are warning, amid unprecedented gloom about the prospects for the sector.
2008-06-04 05:01:39 -
Editorial: That sinking feeling (Guardian Unlimited)
Editorial: Falling prices are vital if more people are to get on the property ladder. Nice theory; shame about the reality
2008-06-04 05:03:59 -
Top Tips For Vacation Home Buyers - Forbes
It's a great time to buy your dream vacation home--that retreat by the sea or in the woods where you one day might retire. Mortgage rates are low, prices are down and boomers will resume shopping for retirement retreats soon. But, it's also a ...
2008-06-04 03:11:00