Mortgage and Financial News From 2008-3-25 Page 7
Previous Day: 2008-03-24
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Squeeze on reverse mortgages (The New Zealand Herald)
The equity that reverse mortgage holders have tied up in their homes is being squeezed sharply at present between falling house prices and interest rate hikes resulting from credit market turmoil.
2008-03-24 07:45:49 -
BRAD BOLLINGER: Could March be moment for housing? (North Bay Business Journal)
After a record runup in prices, the North Bay housing market peaked in the late summer or early fall of 2005, although the downturn wasn’t widely recognized until well into 2006.
2008-03-24 09:29:21 -
Thornburg Moves One-Third Of The Way Away From Bankruptcy (Forbes)
The beleagured mortgage lender gave an omnious sign when it delayed its Hail Mary fund-raiser.
2008-03-24 11:19:34 -
Reverse-Mortgage-Info.net expands to San Diego, Los Angeles, San Francisco and Sacramento (PRWeb)
Leading reverse mortgage lender now has specialists located in the top four major metropolitan areas in California (PRWeb Mar 25, 2008) Read the full story at http://www.prweb.com/releases/reverse-mortgages/california/prweb791794.htm
2008-03-25 12:39:19 -
Capps' panel hears foreclosure woes (Ventura County Star)
Silvia Mendoza's only hope might be God and a good attorney, but for William Tice and his family, even divine intervention might not be enough.
2008-03-25 12:47:50 -
Nation & World (Detroit Free Press)
Surging oil prices could leave American Airlines owner AMR Corp., the nation's largest carrier, with a much fatter fuel bill than it anticipated just two months ago.
2008-03-25 12:35:44 -
Existing home sales up, surprisingly (The News Journal)
Sales of existing homes in the U.S. unexpectedly rose in February for the first time in seven months, easing concern that credit restrictions and falling prices would hurt demand.
2008-03-25 01:01:05 -
Congress considers economic solutions (The Philadelphia Inquirer)
WASHINGTON - Faced with rising economic anxiety and the high-profile rescue of a major investment bank, lawmakers are considering sweeping changes to the financial system and a massive effort to buy up troubled home loans.
2008-03-25 01:02:08 -
Unexpected rise in Feb. home sales (The Philadelphia Inquirer)
WASHINGTON - Sales of older homes nationally increased unexpectedly in February after six months of decline, coupled with the sharpest percentage plunge in selling prices for older single-family homes in the last 40 years.
2008-03-25 01:11:00 -
Illinois mulls back-to-school tax holiday (Belleville News-Democrat)
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2008-03-25 01:12:14 -
Letters to the Editor for Tuesday, March 25, 2008 (The Desert Sun)
Our readers speak out on the issues...
2008-03-25 01:26:08 -
Clinton seeks FHA help in housing crisis (The Philadelphia Inquirer)
Campaigning in Philadelphia, Hillary Rodham Clinton said yesterday that the Federal Housing Administration should be permitted to buy up subprime mortgages and make them more affordable for beleaguered homeowners.
2008-03-25 01:27:29 -
Home sales rise, but prices tumbling (Worcester Telegram & Gazette)
WASHINGTON - Sales of existing homes increased unexpectedly in February after six months of decline, but private economists said it was too soon to say that the prolonged slide in housing is coming to an end.
2008-03-25 01:42:20 -
Clinton targets economy as anger roils Democratic race (Mail and Guardian)
Hillary Clinton on Monday pitched a plan to stop a mortgage crisis degenerating into a full-blown recession as new vitriol spilled over in her Democratic White House struggle with Barack Obama.
2008-03-24 11:30:00 -
Reality check for US (Mail and Guardian)
The collapse and fire sale of Bear Stearns, the fifth-largest United States investment bank, might seem bad news, but it is actually good. The excesses of Wall Street firms in recent years were so egregious that a shake-out simply had to happen.
2008-03-24 11:30:50