Mortgage and Financial News From 2008-9-4 Page 14

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  • Interest rates held at 5% despite house prices plummeting a record 12.7% in one year (Daily Mail: World News)

    Interest rates were held at five per cent today despite new figures showing house prices have recorded a double-digit fall for the first time since records began in 1983.
    2008-09-04 04:40:34
  • Obama, McCain battle over the economy (MSNBC)

    As Republicans wrap up their storm-shortened convention Thursday, John McCain is expected to underscore his plans to revive the slumping economy.
    2008-09-04 04:58:44
  • Seoul shares reverse, down 1.2 pct to 18-mth low - Reuters

    SEOUL, Sept 2 (Reuters) - South Korean shares gave up session gains to fall 1.2 percent in midafternoon trading on Tuesday, dragged down by banking shares and the slide in the won. By 0509 GMT the main KOSPI index was down 1.45 percent to 1,393.98 ...
    2008-09-01 10:23:00
  • Author Estrin sees U.S. research as 'eroded,' 'unstable' - CNET News

    Unlike most first-time authors, Judy Estrin was guaranteed an audience from the moment she decided to put pen to paper. With one of Silicon Valley's more renowned resumes, Estrin helped launch seven companies in a career spanning two and a half ...
    2008-09-03 02:49:00
  • Gulfport seniors can learn about reverse mortgages - St. Petersburg Times

    Story Tools A dedication ceremony for a new Twin Towers memorial sculpture is scheduled for Saturday at Friendship Park in Redington Beach. The memorial was created by artist Vladimir Hostomsky, a resident of Redington Beach, who donated his work in ...
    2008-09-02 11:23:00
  • The New Rules on Reverse Mortgages - US News and World Report

    • Instant cash has strings. A reverse mortgage is a loan against your home's value that doesn't have to be paid back as long as you live in that house. Generally, you have to be 62 or older to be eligible for one. After paying a variety of fees ...
    2008-09-03 09:20:00
  • Value Financial Expands Warehouse Funding Capacity (Business Wire via Yahoo! Finance)

    MIAMI----Value Financial has added $2 million dollars to its existing Reverse Mortgage funding capacity. Value now has $5 million dollars available to support its funding requirements, an amount adequate for 100 transactions a month.
    2008-09-03 05:55:00
  • The New Rules on Reverse Mortgages (US News & World Report)

    Seniors can borrow more at a lower cost.
    2008-09-03 11:15:37
  • Steve Richards: Clumsy, reckless and a shadow of his former self (Independent)

    As a chancellor, Gordon Brown was ferociously disciplined and nimble-footed in his preparation and presentation of policies. In his Prime Ministerial role he has become clumsy and reckless, as if he has metamorphosed from a gymnast going for gold to one of the more desperate contestants on Strictly Come Dancing.
    2008-09-03 04:16:46
  • Letters: Housing crisis (Independent)

    The free marketeer, Gordon Brown, has exacerbated the mess that is housing in this country by years of sitting on his hands, and now he seeks to save his job by setting up a scheme which persuades first-time buyers to buy in a declining market. It's government-sponsored negative equity. You couldn't make it up.
    2008-09-03 04:31:52
  • Articles for Wednesday, September 3, 2008 (Aspen Daily News)

    The Roaring Fork River bridge at the intersection of state highways 133 and 82 at the entrance to Carbondale will be closed Thursday and Friday nights, Sept. 4 and 5, from 8:30 p.m. to 6 a.m., to allow for final asphalt paving and pavement markings, according to the Colorado Department of Transportation.
    2008-09-03 11:13:07
  • Global losses set to exceed $5B (London Free Press)

    MONTREAL -- Canadian airlines appear to have some insulation against a perfect storm that will force the world's airlines to post losses exceeding US$5.2 billion this year due to because of soaring fuel costs and a sluggish economy, an airline-watching agency says.
    2008-09-04 01:13:30
  • BUTLER: Making savings the default option (The Washington Times)

    Americans don't save anymore. The U.S. savings rate actually went negative in 2005 — the first time that's happened since the Great Depression.
    2008-09-04 01:33:32
  • First Horizon National falls, then rallies - MSN MoneyCentral

    NEW YORK (AP) - Shares of First Horizon National Corp. fell, but then recovered Wednesday, even after the regional bank warned that losses from bad debt could exceed the company's previous forecast. First Horizon shares rose 5 cents to $11.74 after ...
    2008-09-03 02:35:00
  • First Horizon rebounds from sell-off (Memphis Commercial Appeal)

    First Horizon National Corp. shares survived a sell-off early Wednesday in the wake of its announced deepening of expected loan losses and a credit rating cut.
    2008-09-03 10:15:54