Mortgage and Financial News From 2008-1-2 Page 16

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  • Take a community ed class — stay active, keep learning and have fun - DL-Online

    Take a community ed class — stay active, keep learning and have funDL-Online, MN - 2 hours agoAsk will also be teaching a class on “Reverse Mortgage — What Is it?” on Feb. 11. “More and more people are looking at reverse mortgages now,” Greenig noted ...
    2008-01-02 05:09:00

  • Reverse Mortgage Leader Vertical Lend Announces Name Change (Business Wire via Yahoo! Finance)

    MELVILLE, N.Y.----Vertical Lend, Inc., a leading provider of reverse mortgages, announced today that it has changed its company name to World Alliance Financial Corp. The purpose of the name change is to better align the company's identity with its expanded product and service offerings, correlating with its recent acquisition by KBC Financial Products, a wholly-owned subsidiary of ...
    2008-01-02 05:30:00

  • Reverse Mortgage Leader Vertical Lend Announces Name Change: Company Renamed World Alliance Financial (PRWeb)

    Vertical Lend, Inc., a leading provider of reverse mortgages, announced today that it has changed its company name to World Alliance Financial Corp. The purpose of the name change is to better align the company's identity with its expanded product and service offerings, correlating with its recent acquisition by KBC Financial Products, a wholly-owned subsidiary of Belgian-based KBC Bank NV. ...
    2008-01-02 05:39:54

  • Treasuries Lose to Cheapest European Bonds in 4 Years (Update3) (Bloomberg.com)

    Jan. 2 (Bloomberg) -- The world's biggest bond investors are buying in Europe, where the cheapest government securities in four years may promise better returns than Treasuries for the first time since 2005.
    2008-01-02 07:44:26

  • Home Equity Income Trust Announces Compliance With Global Liquidity Standards (CNW Group via Yahoo! Finance)

    Home Equity Income Trust , today announced that its subsidiary CHIP Mortgage Trust, has amended its senior liquidity agreement in order to achieve the Global Liquidity Standard as defined recently by DBRS Limited .
    2008-01-02 08:31:00

  • THE FED: Dec. Rate Cut Had Little Opposition In FOMC (Nasdaq)

    WASHINGTON (Dow Jones) -- With Federal Reserve officials surprised by the weakening of the credit markets and the economy, and worried that things could get even worse, nearly all members of the Federal Open Market Committee backed the quarter percentage-point cut in the federal funds rate at the Dec. 11 meeting, according to a summary of the meeting released Wednesday by the Fed.
    2008-01-02 12:15:33

  • More seniors looking to reverse mortgages to make ends meet (The Arkansas City Traveler)

    WICHITA, Kan. (AP) -- Rising living expenses and stagnant incomes have led to a surge of borrowing by senior citizens through reverse mortgages, often-expensive loans that don't come due until the borrower moves out of the house or dies.
    2008-01-02 01:43:38

  • How British voters can start a revolution

    Daily Telegraph - The second demand is for taxpayers to use their own money to run their own services. Much of the Left has thrown up its ... nurturing of children during their first two years of life is crucial to their long-term wellbeing (and ours!). But mortgages ...
    2008-01-02 06:40:00

  • UPDATE 1-US mortgage bond issuance falls in 2007

    Reuters - Bear Stearns Cos. (BSC.N: Quote , Profile , Research ) ranked second among U.S. MBS underwriters for 2007, with a 9.0 percent market share. The company underwrote 100 issues totaling $83.0 billion. Morgan Stanley (MS.N: Quote , Profile , Research ) was ...
    2007-12-30 03:59:00

  • Freddie Mac's Debt Increases Most in More Than Three Years

    Bloomberg - Jan. 2 (Bloomberg) -- Freddie Mac, the second-largest provider of money for U.S. home loans, increased its debt last month ... Debt maturing in 270 days or less and backed by mortgages, bank debt and other holdings declined $15.9 billion, or 2.1 percent ...
    2008-01-02 12:56:00

  • Alt-A Issuance Slid in Third Quarter

    Wall Street Journal - Issuance of so-called Alt-A mortgages tumbled in the third quarter as the credit crunch hit a peak, according to a report by ... enough to forgo proof of claimed assets or income, issued in the third quarter fell 64% to $39.3 billion from the second ...
    2008-01-02 03:05:00

  • (Adds analyst and CEO comments, byline)

    Reuters - ... City's 6,274-person mortgage business, and are in addition to 2,500 job losses announced in last year's second half. The bank said it employs 32,804 people overall. National City plans to keep making home loans, emphasizing mortgages ...
    2008-01-02 10:55:00

  • Inmobiliaria Colonial shares suspended

    Daily Telegraph - ... has claimed a fresh victim as regulators suspended trading in the shares of Inmobiliaria Colonial, the country's second ... More than 98pc of Spanish mortgages are at floating rates pegged to three-month Euribor, which has jumped by 70 basis points ...
    2008-01-02 06:11:00

  • S&P Reports Q3 Drop in Alt-A Issuance

    Forbes - ... of so-called Alt-A mortgages ... billion from the second quarter's record high of $109.5 billion, according to the Dec. 27 report. The third quarter's issuance was less than half that seen in the same period of 2005 and 2006. However, the mortgages ...
    2008-01-02 02:22:00

  • Defaults on mortgages reach record

    Winston-Salem Journal - However, in recent years, borrowers had been able to avoid making mortgage insurance payments by taking “piggyback” second mortgages that cover the 20 percent down payment. As defaults have grown, lenders are less willing to provide those second ...
    2007-12-31 10:17:00

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