Mortgage and Financial News From 2008-2-21 Page 8

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  • 2nd UPDATE: Dresdner Shores Up K2 SIV In Latest Bank Bailout

    CNN Money - ... triple-A, it said, and the portfolio doesn't have any direct exposure to securities backed by subprime or midprime mortgages ... K2's board said Dresdner's proposed facility could potentially reverse the restriction, and that the facility and its terms ...
    2008-02-21 02:32:00

  • Ion completes reverse stock split

    South Florida Business Journal - Ion Media to delist stock, go private [South Florida] FCC to allow Ion buyout [South Florida] Flinn sells Memphis TV station [Memphis] Ion Media Networks has completed a reverse stock split of its Class A and Class B common stock. The West Palm Beach ...
    2008-02-19 03:56:00

  • This Shipping Stock Rides the Ag Boom

    Street.Com - ... put one foot outside of the closet today, as The Wall Street Journal reported that it is likely to reverse its prior tactic of denial and soon report a rocky quarter due to mismanaged bets on commercial real estate loans and residential mortgages. ...
    2008-02-21 03:15:00

  • Lending laws unenforced in housing crisis: Jackson

    Reuters - It's kind of like reverse redlining," Jackson said. Jackson estimates that nearly half of those borrowers could have been eligible for regular loan packages, but instead were locked into mortgages that threaten to balloon out of their ability to ...
    2008-02-20 03:47:00

  • Northern Rock nationalisation runs into £49bn Granite barrier

    Times Online - The fund, called Granite, owns £49 billion of mortgages that were sold by Northern Rock and moved off-shore to the tax haven ... In fact, the reverse, since he is clamping down on any tax breaks that there were which could support me.
    2008-02-21 06:42:00

  • Lender Lead Solutions Builds Nationwide Wholesale Platform

    PR Inside - Through LLS' national consumer education campaign, Senior Lending Network, LLS educates millions of Americans about the important benefits of reverse mortgages and then links interested consumers to qualified and experienced originators, who have ...
    2008-02-20 02:50:00

  • Cut out bureaucratic lethargy

    Economic Times - Reverse mortgages are another example. When the scheme was announced last year it was touted as a remarkable means of ensuring old-age security.
    2008-02-21 03:22:00

  • Stocks Reverse Losses to Finish Higher

    Seattle Times - Stocks Reverse Losses to Finish Higher By TIM PARADIS AP Business Writer ... KKR Financial Holdings LLC, which invests in corporate debt and mortgages, fell 28 cents to $14.25.
    2008-02-21 01:27:00

  • Consider a reverse mortgage

    CNN Money - Reverse mortgages are exactly that. Instead of paying the bank, the bank pays you. It's a type of loan where your equity is converted into cash. These mortgages are designed for people 62 and older. And you can get this cash in a few ways: Either you ...
    2008-02-20 08:24:00

  • Stocks Reverse Losses to Finish Higher (NYTimes.com via Yahoo! Finance)

    Stocks came off early losses to finish higher as investors reacted to unpleasant signals about the economy with equanimity.
    2008-02-20 08:38:32

  • Lending laws unenforced in housing crisis: Jackson (Muzi)

    A U.S. mortgage meltdown has its roots in lending discrimination against African-American and Hispanic communities and requires federal intervention to prevent it from crippling municipal services, civil rights activist Rev. Jesse Jackson said on Wednesday.
    2008-02-20 08:40:18

  • Gain Insight In To Reverse Mortgages In The United States (Centre Daily Times)

    Research and Markets (http://www.researchandmarkets.com/reports/c83655) has announced the addition of "Reverse Mortgages in the United States 2008" to their offering.
    2008-02-21 05:41:14

  • Report: Man convicted of fraud in Colo. sells reverse mortgages (9 News Denver)

    SPOKANE, Wash. (AP) - A man convicted of securities fraud in a $50 million Colorado-based investment scam has been selling reverse mortgages while waiting to begin his prison term.
    2008-02-21 06:19:34

  • NeighborWorks offers foreclosure counseling in Lancaster County (Lincoln Journal Star)

    Though not as bad as in many areas of the country, home foreclosures have become a growing problem in Lincoln. Last year more than 1,000 default notices — usually the first harbinger of foreclosure — were registered with the county Register of Deeds Office. That was up from only about 650 in 2005.
    2008-02-21 02:10:18

  • Corporate report

    Herald Tribune - It was the second time the fixed-income fund has put off repaying asset-backed commercial paper. The fund, which invests in corporate debt and mortgages, did not provide details of how much debt was affected, according to a filing with the Securities ...
    2008-02-21 11:28:00

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