Mortgage and Financial News From 2007-11-25 Page 12
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Going public not easy Myriad things can go wrong when first offering ...
Las Vegas Review Journal - One variation of this is called a reverse merger. It's becoming a popular way to reduce the costs of going public, said ... A Bear Stearns hedge fund that invested in mortgages blew up about the time that Silver State was taking its story to Wall ...
2007-11-25 01:53:00 -
Retirees lack financial literacy: report (AAP via Yahoo!7 News)
An ASIC report says retirees lack an understanding of reverse mortgages and budgeting.
2007-11-22 09:52:11 -
Foreclosures on rise
Allentown Morning Call - ... than other areas of the state because Lehigh and Northampton counties saw a jump in the number of risky, subprime mortgages ... including default notices and bank repossessions, were reported in the third quarter, up 30 percent from the second quarter ...
2007-11-25 04:30:00 -
Business week in review
Minneapolis Star Tribune - ... that, may have to reduce its loan portfolio. Fannie and Freddie's combined market share of residential mortgage debt was 40 percent at the end of the second quarter. The two companies buy, sell and securitize more than $100 billion of mortgages per ...
2007-11-23 03:53:00 -
Paragon shares halve with warning on lending
Financial Times - Those figures, however, preceded the credit squeeze of the summer which has made it harder for many borrowers to take out mortgages. Most analysts expect the second half to show a slowdown as buyers become more cautious and numerous lenders tighten ...
2007-11-23 05:47:00 -
Sub-prime mess set to get worse
The Australian - ... big Charlotte, North Carolina, bank, estimates that $US85 billion in sub-prime mortgages are resetting during the current quarter, and the same amount will reset in the first quarter of 2008. That will rise to a peak of $US101 billion in the second ...
2007-11-25 05:56:00 -
30 second guide to fixed rate mortgages
This is Money - The Daily Mail City Team explain fixed rate mortgages. Homeowners pay a fixed amount of interest on mortgages each month so they can plan their outgoings and protect against a sudden rise in interest rates. Most deals last two years. Are they a worry ...
2007-11-21 03:55:00 -
Steve Lewis: Kevin Rudd's show of strength
News.com.au - The stunning defeat of John Howard, Australia's second-longest serving prime minister, is testament to Rudd's iron-willed ... in the suburbs and hamlets of this broad nation, convincing middle Australia he can be trusted to look after their mortgages ...
2007-11-25 06:10:00 -
Debt going from disgrace to norm
Columbus Dispatch - ... exhausted their consumer credit and had no other sources of funds to help them through their financial crisis, he said. The second wave will come in the next two years and will take down higher-income, middle-class suburban homeowners with mortgages ...
2007-11-25 04:09:00 -
AP Business NewsBrief at 7:48 a.m. EST
CNBC - ... week after negotiations collapsed and kept most of Broadway dark during the lucrative Thanksgiving week _ the second full ... and tuition to be paid, he feared ending up like so many neighbors in Fort Lauderdale, Fla., who defaulted on their mortgages ...
2007-11-25 04:45:00 -
Gearing up for growth
Caspar Star-Tribune - He’d like the city to fund a $1 million trust, offering second mortgages with no payments or interest -- and the principal would be due back to the trust when the home is sold. “Sooner or later I think the Wyoming Legislature is going to have to ...
2007-11-25 01:03:00 -
Thrift 3Q 07 Earnings Fall Sharply on Market Disruptions
Stockhouse Canada - Thrift institutions originated 30% of all 1-4 family mortgages in the third quarter but their earnings tumbled to $704 million, down from $3.83 billion in second quarter, according to the Office of Thrift Supervision. OTS officials blamed the 82 ...
2007-11-25 06:18:00 -
Shouldering the blame for subprime loan failures (International Herald Tribune)
It has become fashionable of late to say that American subprime borrowers themselves deserve a good part of the blame for the current mortgage mess, but the blame may be misplaced.
2007-11-25 05:45:26 -
How sub-prime foreclosed an American dream (Daily Telegraph)
The second part of the Telegraph’s definitive series on the Northern Rock crisis traces the roots of the problem, which began with the now infamous sub-prime mortgage market in the US.
2007-11-24 05:04:26 -
PersonnelFile (The Beacon News)
Old Second National Bank headquartered in Aurora has announced two new hires.
2007-11-25 02:01:45