Mortgage and Financial News From 2007-10-14 Page 8

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  • The 'age tsunami' hits state

    Delaware Online - Solutions can take many forms, Markell said, from programs that prevent falls, to financial options such as reverse mortgages, to finding ways to increase the stock of affordable homes.
    2007-10-14 01:05:00

  • Lady Lake gets top honor for municipal accounting, finance reports (Orlando Sentinel)

    Lady Lake has been awarded a certificate of achievement for excellence in financial reporting by the Government Finance Officers Association of the United States and Canada.
    2007-10-14 03:13:20

  • OneUnited challenged for lending discretion (Miami Herald)

    Last year, the country's largest black-owned bank, OneUnited, took nearly $70 million in deposits at its two South Florida branches. But it didn't lend any of that money to new homeowners.
    2007-10-14 12:07:39

  • Sunday newspaper round-up: Northern Rock, Resolution, Emap (ShareCast)

    LONDON (SHARECAST) - The three suitors for Northern Rock are all offering shareholders almost nothing for their stakes in the beleaguered high-street lender, says The Sunday Telegraph.
    2007-10-14 04:36:19

  • Making your home a ready source of cash (The Record)

    With just a small pension and Social Security, retiree Joyce Foster of Lyndhurst found herself on a tight budget. She wanted to tap into her home equity, but didn't want to sell her Cape Cod.
    2007-10-14 02:44:36

  • Investors await signs of banks' response

    Chicago Tribune - ... of America Corp., JPMorgan Chase & Co. and their rivals lost from the volatile fixed-income market, defaulting home mortgages ... JPMorgan also reported excess cash in the second quarter, which should help offset debt. Among other banks reporting third ...
    2007-10-14 03:35:00

  • Marketers braced for spending cuts

    Financial Times - There is undoubtedly going to be weakening of profits in the second half. “Financial services respondents are already ... there is an indication of a slowdown in the housing market and I would think there would be less spend on marketing mortgages ...
    2007-10-14 09:33:00

  • The Spanish bank BBVA seeks to persuade investors it is on the right ...

    International Herald Tribune - Not only does the second-largest bank in Spain and Latin America, after Santander, have one of lowest non-performing loan ... The bank also has no exposure to subprime mortgages or leveraged buyouts. What is even more impressive is that this ...
    2007-10-14 05:23:00

  • Rudd's lead at risk

    News.com.au - ... the 2004 election, this time Howard is arguing that a vote for Labor is a risky vote, a threat to people's jobs, mortgages and ... In some ways a loss for Howard will be worse than for Rudd, who has probably already done enough to get a second shot, next ...
    2007-10-14 01:44:00

  • THE BUSINESS WEEK -- BUSINESS OUTLOOK

    BusinessWeek - Rates on asset-backed commercial paper (ABCP)—securities that are mostly tied to mortgages—have returned to normal levels. ... mainly in government jobs, third-quarter payroll gains averaged only 97,000 per month, down from 126,000 in the second ...
    2007-10-14 01:58:00

  • Foreclosures transforming some Rhode Island neighborhoods

    Boston Globe - Rhode Island's foreclosure rate during the second quarter of this year was the highest in New England and above the ... Contributing to the foreclosure crisis in Rhode Island and around the country are so-called "subprime mortgages," typically ...
    2007-10-14 02:41:00

  • For most troubled homeowners outcome is foreclosure

    San Jose Mercury News - Oct 14: Resources for homeowners Help for homeowners facing foreclosure Oct 13: Bidding on new Manteca homes makes 34 new owners ecstatic In the beginning, his calls were transferred repeatedly and often dropped, he said. With persistence, he reached ...
    2007-10-14 10:38:00

  • The Spanish bank BBVA seeks to persuade investors it is on the right track (International Herald Tribune)

    Whether or not this is so, speculation about a merger or takeover shows no signs of abating.
    2007-10-14 06:07:19

  • Foreclosure figures overstate crisis (Atlanta Journal-Constitution)

    A California company recently reported Georgia foreclosures had jumped by an alarming 75 percent from June to July, branding the state with the nation's second-highest foreclosure rate.
    2007-10-13 07:26:07

  • Banks: deposit growth is slowing Big Banks battle for depositers (The Desert Sun)

    NEW YORK - Amid all the noise about mortgages going sour and the difficulties banks are having unloading corporate debt, it can be easy to overlook their core business - plain, old-fashioned deposits, the kind Grandma drives to her local branch to make.
    2007-10-14 01:17:15

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