Mortgage and Financial News From 2008-3-1 Page 7

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  • Reverse mortgage scheme is tax-free

    Daily Pioneer - Reverse mortgage would not amount to transfer and the stream of revenue received by the senior citizen would not be income ... Thereafter, many lenders and housing finance companies, including Punjab National Bank, Dewan Housing, LIC Housing Finance ...
    2008-03-01 11:11:00

  • Sector Roundup: Oil, Mortgage Lenders

    CNN Money - NEW YORK (AP) _ Shares of mortgage lenders fell in Thursday trading after Freddie Mac posted a $2.5 billion fourth-quarter ... drop in the overall market, along with an analyst's concern about the near-term profit potential of three of the companies.
    2008-02-28 12:32:00

  • NY prosecutor asks changes in bankruptcy code

    Boston Globe - There is little chance that banks and mortgage companies will voluntarily provide any effective relief and that is why we need bankruptcy reform," Weprin said.
    2008-02-28 02:48:00

  • Federal Regulators to Ease Rules on Fannie Mae and Freddie Mac

    New York Times - The Office of Federal Housing Enterprise Oversight , which oversees the two government-chartered mortgage giants, said Wednesday that it was making the change because the companies have begun filing timely financial reports again, after accounting ...
    2008-02-27 03:53:00

  • Freddie Mac posts record $2.6bn loss

    News.com.au - The mortgage finance companies' capital is strained as they must write down the values of mortgage securities they own and their contracts to guarantee mortgages backing bonds they issue.
    2008-02-28 03:38:00

  • Risks Seen for Growing Fannie, Freddie

    WRAL - ... members of Congress and the Bush administration are hopeful these changes will enable Fannie and Freddie to help stem the housing downturn, some financial experts believe it is irresponsible to encourage the No. 1 and No. 2 mortgage finance companies ...
    2008-03-01 02:24:00

  • Freddie Mac pays up to cut foreclosure exposure

    Forbes - The second-largest U.S. home funding company, like other mortgage companies during the worst housing market since the Great Depression, is making aggressive efforts to reduce its credit exposure and losses from souring home loans.
    2008-02-28 03:09:00

  • PHH deal done in by tight credit

    Baltimore Sun - But the complex deal began to unravel in September as the outlook for mortgage companies sharply worsened. PHH announced Tuesday - New Year's Day - that Blackstone's financing fell apart, imploding the sale.
    2008-02-27 03:53:00

  • Fannie and Freddie to guarantee higher mortgages (Calcutta News)

    Fannie Mae and Freddie Mac are suffering from the worsening housing market in the US and some analysts believe the government-sponsored mortgage companies will become bound down with too much financial risk.
    2008-03-01 04:10:50

  • City Eye: It's all our fault. Just ask the Australians (Independent)

    The upside-down view of the City – this week's column comes to you from Sydney – is no prettier than the European weather.
    2008-03-01 04:13:36

  • BAA is flying by the seat of its pants (Daily Telegraph)

    Is BAA about to become the next Northern Rock of this Labour Government? The sparkling £4.2bn construct that is Heathrow's Terminal 5 is made of steel, not Granite, so as it prepares to open next month, it hardly seems plausible that the heart of Britain's transport infrastructure is about to be imperilled.
    2008-03-01 04:27:44

  • Housing crisis hits hardest in Anoka County (Minneapolis-St. Paul Star Tribune)

    The county's foreclosure rate was among the fastest growing in the metro region, and the prevention hot line is on the front lines.
    2008-03-01 04:38:53

  • Thinking One Step Ahead of a Downturn (NYTimes.com via Yahoo! Finance)

    Selling may be the reflexive response by shareholders who have watched the value of their assets decline, but investment advisers contend that they should consider buying instead.
    2008-03-01 05:39:14

  • Extreme tax on makeover? (The Providence Journal)

    There’ll be higher property taxes for sure, and then there’s the question of federal gift taxes.
    2008-03-01 05:42:13

  • Extreme tax on makeover? (The Providence Journal)

    WARWICK — The hubbub is subsiding along Yucatan Drive, a side street in a neighborhood south of Hoxsie Four Corners that was recently the scene of a reality TV show.
    2008-03-01 05:51:22

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