Mortgage and Financial News From 2007-8-27 Page 14

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  • Insight Bank to Offer Homeowners Flexibility With Reverse Mortgages

    Forbes - COLUMBUS, Ohio, Aug. 27 /PRNewswire/ -- Homeowners in their golden years will soon have relief from rising expenses, and it's coming from a familiar source: their homes. Insight Bank announced this week it will offer reverse mortgages, which allow ...
    2007-08-27 09:59:00
  • PRESS DIGEST - Singapore newspapers - Aug 27 (Reuters via Yahoo! Asia News)

    SINGAPORE, Aug 27 (Reuters) - The following are stories from Singapore newspapers on Monday. Reuters has not verified these stories.
    2007-08-26 11:43:03
  • Govt urged to spend more on housing (Newstalk via Yahoo!Xtra News)

    The Salvation Army wants the Government to commit $1 billion a year for the next 10 years to affordable housing.
    2007-08-26 11:01:11
  • Suncorp-Metway's Profit Rises After Promina Purchase (Update3) (Bloomberg.com)

    Aug. 27 (Bloomberg) -- Suncorp-Metway Ltd. posted a 16 percent increase in profit after it bought Promina Group Ltd. to become Australia's second-largest car and home insurer.
    2007-08-27 07:07:42
  • Insight Bank to Offer Homeowners Flexibility With Reverse Mortgages (PR Newswire via Yahoo! Finance)

    Homeowners in their golden years will soon have relief from rising expenses, and it's coming from a familiar source: their homes.
    2007-08-27 10:00:00
  • A market in turmoil: Lending crisis threatens already dim housing

    Union Leader - That could prove especially punishing for sub-prime borrowers who took out their loans with the expectation they would refinance them later, as their options for refinancing have -- at least for now -- dried up. "It appears to me that they're closing ...
    2007-08-27 03:40:00
  • U.S. housing slump clips Cruces

    Las Cruces Sun-News - There's a great opportunity to refinance because rates have come down," Sauceda said. Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 6.18 percent, down from 6.30 percent last week. As to foreclosures, numbers from ...
    2007-08-27 05:42:00
  • Credit squeeze hits Yellow Pages

    New Zealand Herald - Proceeds of the issue are to refinance a bridge facility used to fund the acquisition of the Yellow Pages by private equity firms. The consortium, comprising CCMP Capital and Canadian pension fund Teachers' Private Capital, purchased the Yellow Pages ...
    2007-08-27 02:28:00
  • See-sawing home values stun some Tulalip owners

    Everett Herald - She assumed she'd be able to refinance to lower the payment, but now she's not sure she'll be able to secure a loan with less than 20 years left — at best — on her lease. "The thought of those kinds of payments over my head, that scares the ...
    2007-08-27 06:53:00
  • Making a connection

    News-Star - That has allowed the city to devise and execute a plan to essentially refinance and extend the years of payments its outstanding bond debt in the district, which gives it additional monies to pay for the project. No more infrastructure projects in the ...
    2007-08-27 05:27:00
  • Privateer warns of dramatic writedown

    The Australian - The outspoken buyout boss also forecast an increase in debt-for-equity swaps by companies acquired with high levels of debt that are unable to refinance their loans, forcing them to hand over ownership to creditors. "There are companies out there ...
    2007-08-27 08:55:00
  • N.Y. politicians call for crackdown on 'unethical' lenders

    Sun-Journal - Schumer also said some lenders apparently are using accounting standards that lock borrowers into agreements without opportunity to refinance, despite a recent Securities and Exchange Commission directive against the practice. Separately, State Sen ...
    2007-08-27 08:26:00
  • Martin Appraisals.com

    WBBM - Refinance, Special Purpose & Development Appraisal & Consultant needs in IL & IN. We handle Residential, Commercial, Industrial, and Agricultural & Special Purpose Properties. Refinance, Special Purpose & Development Appraisal & Consultant needs in ...
    2007-08-27 12:27:00
  • Tough Times Are Still Ahead for U.S. Home Market: John F. Wasik

    Bloomberg - Hit hardest were those who were trying to refinance but couldn't obtain loans after their adjustable-rate payments rose. More Money Down Also hurt are those homeowners refinancing loans who have no equity or money down. ...
    2007-08-27 07:29:00
  • Interest rates hurt more than numbers

    Lexington Herald-Leader - Many of these loans offered low "teaser" interest rates that will reset through 2009, slamming borrowers with higher rates that could send them into delinquency if they can't refinance. Attempts to rework troubled loans will become increasingly common ...
    2007-08-27 06:53:00