Mortgage and Financial News From 2008-4-24 Page 3
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ANZ slaps homeowners with rate hike - News.com.au
Pissed off' : ANZ boss fuming over Opes debacle VIDEO : Rising interest rates explained In-depth : The latest interest rate news and features ANZ has slapped homeowners with more mortgage pain after the bank lifted its variable mortgage interest ...
2008-04-24 03:53:00 -
Sector Snap: Bond and Mortgage Insurers - Boston Globe
NEW YORK— Shares of bond and mortgage insurers plummeted Wednesday after Ambac Financial Group Inc. reported a steep loss for the first quarter, stirring worries about how badly the credit crisis will crimp the beleaguered industries. Ambac ...
2008-04-23 10:39:00 -
ANZ rachets up its home-loan rate - News.com.au
THE ANZ bank has pre-empted a predicted rise in official interest rates, hitting home buyers harder today without prompting from the Reserve Bank. It is the second time this year that the ANZ has gone out on its own to lift mortgage rates, blaming ...
2008-04-24 03:10:00 -
Credit Suisse Q1 write-downs of $5.3B drives $2.1B loss - Seattle Times
Credit Suisse Group on Thursday posted a $2.1 billion loss for the first quarter as the global effects of the U.S. subprime mortgage crisis continued to spread. Switzerland's second-largest bank said it also had net write-downs of 5.3 billion francs ...
2008-04-24 03:57:00 -
Barclays Made Profit in Securities in First Quarter (Update7) - Bloomberg
April 24 (Bloomberg) -- Barclays Plc , the U.K.'s third- largest bank, said first-quarter profit at its securities unit was ``well below'' a year earlier, even though it avoided the losses posted by UBS AG, Credit Suisse Group and Citigroup Inc ...
2008-04-24 01:44:00 -
The Investment Column: Schroders a decent bet but wait until markets ... - The Independent
Schroders may be one of our oldest fund management firms – established in 1804 – but the first question for any investor worth his salt should be why it is any different from the rest of the toxic names in the financial services industry? The ...
2008-04-24 02:56:00 -
Yes, You Can Use Your Home as a Retirement Fund - Kait 8
Reverse mortgages have long been regarded with a skeptical eye. Critics say they're costly, complicated products, financial-planning tools of last resort. Lately, congressional hearings have raised concerns about predatory lending. And the reverse ...
2008-04-24 03:24:00 -
McCaskill urges Nixon to go after scam reverse mortgage marketers - KYTV
SPRINGFIELD -- U.S. Sen. Claire McCaskill wants more protection for senior citizens who are targeted by unscrupulous mortgage lenders. Specifically, she's concerned about lenders selling reverse mortgages. McCaskill is frustrated with companies ...
2008-04-22 05:57:00 -
Reverse Mortgage Industry Leader Joins Senior Financial Corp., an ... - Forbes
ROCKLIN, Calif., April 23 /PRNewswire/ -- Sarah Hulbert, a 16 year veteran of the reverse mortgage banking industry and former Chairwoman of the National Reverse Mortgage Lenders Association (NRMLA) Board of Directors has been named President of ...
2008-04-20 05:59:00 -
Reverse mortgage peddling company to pay - WSTM
EAST SYRACUSE, N.Y. (AP) - An upstate New York company will pay $20,000 in costs and penalties for preying on seniors statewide through false advertising and portraying itself as a local nonprofit organization. Upstate Capital agreed to reform its ...
2008-04-24 12:25:00 -
Charlotte's Economy Crunch: Reverse Mortgages - WSOC-TV
More and more Charlotte homeowners are seeking reverse mortgages to get them through tough financial times. Channel 9's Don Griffin uncovers what you need to know before you or your parents take out one of these mortgages. Friday at 6 p.m. on Channel ...
2008-04-24 02:56:00 -
When Does A Reverse Mortgage Make Sense? - Insurance News Net
Copyright 2008 MediaNews Group, Inc.All Rights Reserved Lowell Sun (Massachusetts) April 23, 2008 Wednesday SECTION: BUSINESS LENGTH: 601 words HEADLINE: When does a reverse mortgage make sense? BYLINE: By Hugh Fitzpatrick, Sun Correspondent Although ...
2008-04-24 10:59:00 -
Sage Credit Company Sees Great Opportunity in the Reverse Mortgage ... - Forbes
Currently there are over 80 million Baby Boomers entering their retirement years. Many of them are house rich but cash poor and the equity in their homes can provide them with a steady source of income without them having to give up their home, or ...
2008-04-23 11:08:00 -
Northern Rock's Ron Sandler is right not to pass on rate cut (Daily Telegraph)
Ron Sandler, executive chairman of Northern Rock, seems to be ignoring his shareholders by refusing to pass on the recent Bank of England base rate cut to his mortgage customers.
2008-04-24 05:01:58 -
Interfor Reports Net Loss of $1.1 Million in Q1 (CCNMatthews via Yahoo! Finance)
VANCOUVER, BRITISH COLUMBIA-- - INTERNATIONAL FOREST PRODUCTS LIMITED reported a net loss of $1.1 million, or $0.02 per share, for the first quarter of 2008, compared to net income of $0.6 million or $0.01 per share for the first quarter of 2007.
2008-04-24 05:05:09