Mortgage and Financial News From 2008-2-14 Page 50

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  • German, French Economic Growth Slowed by Half in Fourth Quarter

    Bloomberg - The slowdown prompted the European Central Bank to reverse its interest-rate stance last week, while both executives and ... and companies jumped last year as BNP Paribas SA and other European banks ran up losses on investments tied to U.S. mortgages ...
    2008-02-14 01:28:00
  • SEQUAL calls for better RM literacy

    Financial Standard - Reverse mortgage peak body, SEQUAL, is calling for government support to educate retirees on the benefits of reverse mortgages after a survey revealed 60 per cent of retirees do not understand them. Retail Finance Intelligence (RFI) interviewed 1000 ...
    2008-02-13 04:39:00
  • Money $marts: Banks give big push to reverse mortgages

    Naples Daily News - With baby boomers moving into retirement age and the conventional mortgage business staggering from the blows of the sub prime debacle, many banks are turning to another home-based financial product to bolster revenue streams: the reverse mortgage ...
    2008-02-14 07:55:00
  • Getting a Grip - Artvoice

    Getting a GripArtvoice, NY - 12 hours agoWe’re each going to get a check for around $550 from the federal government to go out and do our part to reverse a generation of economic mismanagement ...
    2008-02-13 09:07:49
  • German, French Economic Growth Slowed by Half in Fourth Quarter - Bloomberg

    German, French Economic Growth Slowed by Half in Fourth QuarterBloomberg - 8 hours agoThe slowdown prompted the European Central Bank to reverse its interest-rate stance last week, while both executives and policy makers say the outlook is ...
    2008-02-14 01:24:05
  • Obama To Deliver Major Economic Policy Address At Janesville ... - All American Patriots (press release)

    Obama To Deliver Major Economic Policy Address At Janesville ...All American Patriots (press release), Sweden - 4 hours agoWe know that we cannot reverse the tide of technology that's allowed businesses to send jobs wherever there's an internet connection. ...
    2008-02-14 04:46:22
  • Money $marts: Banks give big push to reverse mortgages - Marconews (subscription)

    Money $marts: Banks give big push to reverse mortgagesMarconews (subscription), FL - 1 hour agoEssentially, a reverse mortgage is a loan based on the equity value of a home and secured by it. However, the loan never has to be repaid until the ...
    2008-02-14 07:58:09
  • German, French Economic Growth Slowed by Half in Fourth Quarter (Bloomberg.com)

    Feb. 14 (Bloomberg) -- Expansion in the euro area's two largest economies cooled in the fourth quarter, marking the start of a slowdown that may deepen in 2008.
    2008-02-14 01:47:37
  • Boardwalk REIT Announces Solid Fourth Quarter and Full Year 2007 Financial Results; FFO Per Unit Up 26.2% and DI Per ... (PR Newswire via Yahoo! Finance)

    Boardwalk Real Estate Investment Trust - Boardwalk Real Estate Investment Trust today announced solid financial results for both the fourth quarter of 2007 and fiscal 2007; FFO per unit up 22.7% and DI per unit up 19.6% for the fourth quarter of 2007 compared to the same period last year and FFO per unit up 26.2% and DI per unit up 24.9% YOY.
    2008-02-14 04:00:00
  • Bankrate: Mortgage Rates Reverse Course (PR Newswire via Yahoo! Finance)

    For just the second time in 2008, fixed mortgage rates moved higher with the average conforming 30-year fixed mortgage rate now 5.96 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.37 discount and origination points.
    2008-02-14 04:30:00
  • Money $marts: Banks give big push to reverse mortgages (Naples Daily News)

    With baby boomers moving into retirement age and the conventional mortgage business staggering from the blows of the sub prime debacle,
    2008-02-14 07:59:14
  • Tech leads Wall Street lower

    MSN MoneyCentral - Financial companies were the second biggest drag on the market after Lehman Brothers cut its price target on Goldman ... Lehman said it expects further sizable markdowns from subprime, leveraged loans and commercial mortgages. The S&P ...
    2008-02-14 06:50:00
  • Writedown clouds Commerzbank gain

    BBC Business - Germany's second biggest bank made a net profit of 1.9bn euros, up 19.5% on 2006, and what analysts had expected. Incoming boss Martin Blessing has earlier stated that Commerzbank blundered in not getting rid of its sub-prime mortgages investment ...
    2008-02-14 02:47:00
  • AMP Warns of `Challenging Market' as Funds Decline (Update2)

    Bloomberg - ... outflows of A$221 million ($199 million) from its businesses in the year ended Dec. 31 as defaults on U.S. subprime mortgages ... becoming chief executive officer Jan. 1, said AMP faces a dimmer outlook this year following a 9.3 percent slide in second ...
    2008-02-14 08:09:00
  • UBS Won't Support Failing Auction-Rate Securities (Update4)

    Bloomberg - The second-biggest underwriter of the securities, whose rates are reset periodically at auctions, notified its 8,200 U.S ... Brothers Holdings Inc. and Citigroup Inc. allowed auctions to fail as mounting losses from the collapse of subprime mortgages ...
    2008-02-14 08:45:00