Mortgage and Financial News From 2007-9-19 Page 12

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  • Bernanke Cuts on Slump Prospect, Adopts Greenspan Way (Update2)

    Bloomberg - ... rate, instead of their benchmark, on Aug. 17 as confidence deteriorated with the slump in assets tied to subprime mortgages ... The reference shows officials are trying to keep open the option to reverse their move should the economy strengthen ...
    2007-09-19 08:30:00

  • Movers & Shakers

    Coeur d'Alene Press - Reverse mortgages are increasingly popular with today's aging population; homeowners 62 years and older can qualify for this loan program that allows a variety of financial options, the elimination of mortgage payments, and provides cash based on the ...
    2007-09-17 05:58:00

  • Credit crisis takes steam out of securitization

    Reuters - ... The credit squeeze rattling Wall Street may be abating, but it won't reverse a bust in the $3 trillion structured finance market, ending a long boom that lowered funding costs and helped spread risks. For more than a decade, bonds backed by mortgages ...
    2007-09-19 09:56:00

  • Senate Moves To Improve FHA Loans

    Hartford Courant - Easier-to-get reverse mortgages. Elderly homeowners would find the loan limit up, a key provision championed by Republican committee members. Lower origination fees for elderly homeowners. The current fee is 2 percent; it would drop to 1.5 percent. The ...
    2007-09-19 10:24:00

  • Bernanke Opposes Bigger Mortgages for Fannie, Freddie (Update1)

    Bloomberg - Frank and other Democrats, seeking to reverse the biggest housing market slump in 16 years, have called on the Bush administration to allow Fannie Mae and Freddie Mac to buy bigger mortgages and expand their $1.5 trillion investment portfolios. The ...
    2007-09-19 12:40:00

  • Debt-ridden seniors hock homes

    News.com.au - The association's policy co-ordinator, Paul Versteege, said many elderly Australians were struggling to survive on the aged pension and when confronted with extra bills, an alarming number were turning to reverse mortgages on their homes. "Basically ...
    2007-09-19 07:18:00

  • Reverse mortgages may offer seniors financial security

    Cleveland Daily Banner - A relatively new concept to provide financial security to senior citizens without selling their homes was introduced Tuesday to the Rotary Club of Cleveland. Reverse mortgages was presented as an easy access to the equity in one’s home without ...
    2007-09-19 11:50:00

  • Fannie Mae, Freddie Mac Regulator Eases Asset Limits (Update2) (Bloomberg.com)

    Sept. 19 (Bloomberg) -- The Bush Administration reversed policy, allowing Fannie Mae and Freddie Mac, the nation's two largest providers of mortgage finance, to expand their investments in an effort to make mortgages easier to get.
    2007-09-19 10:19:24

  • Fannie Mae, Freddie Mac Regulator Eases Asset Limits (Update4) (Bloomberg.com)

    Sept. 19 (Bloomberg) -- The Bush administration reversed policy, allowing Fannie Mae and Freddie Mac, the two largest sources of money for U.S. home loans, to expand their investments in an effort to make mortgages easier to get.
    2007-09-19 02:04:33

  • MEETINGS (Lexington Herald-Leader)

    Local AARP Chapter No. 345 will meet at 1 p.m. Sept. 26 at the Senior Citizens Center, 1530 Nicholasville Road. John Cooper will speak on the good and bad points of reverse mortgages. The Bluegrass Area Chapter of the American Red Cross held its annual meeting Sept. 11 at the Bluegrass Area Chapter building. Highlights of the meeting included the initial distribution of the 2006-2007 annual ...
    2007-09-19 12:06:56

  • Bernanke Says He Opposes Bigger Mortgages for Fannie, Freddie (Bloomberg.com)

    Sept. 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke opposed allowing Fannie Mae and Freddie Mac to buy mortgages higher than $417,000, saying any such effort by Congress could undermine momentum toward strengthening regulation of the two largest U.S. mortgage finance companies.
    2007-09-19 11:19:23

  • Bernanke Opposes Bigger Mortgages for Fannie, Freddie (Update1) (Bloomberg.com)

    Sept. 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke opposed a push to allow Fannie Mae and Freddie Mac to buy mortgages higher than $417,000, saying it may undermine efforts to strengthen regulation of the two largest U.S. mortgage finance companies.
    2007-09-19 12:49:45

  • Correction: Sept. 18 story on Ryland

    Boston Globe - Ryland builds homes targeted for first-time and second-time move-up buyers. A corrected version of the story appears below. ... Milne said subprime mortgages were never a big part of Ryland's business, but acknowledged the company is feeling pressure now ...
    2007-09-19 02:14:00

  • Market advances day after Fed rate cut

    Reuters - NEW YORK (Reuters) - Stocks rose for a second day on Wednesday as investors bet the Federal Reserve's bold rate cut would ... climbed after the regulator for the two mortgage finance companies said they can buy more subprime mortgages under rules ...
    2007-09-19 12:55:00

  • Treasurys skid as stocks rise again

    CNBC - ... YORK (AP) - Treasurys closed sharply lower Wednesday as Wall Street stretched its interest rate-inspired rally to a second ... normally highly liquid, began receiving intense resistance last month as worries about exposure to below-prime mortgages and ...
    2007-09-19 01:38:00

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