Mortgage and Financial News From 2008-7-16 Page 2
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Inheriting A Reverse Mortgage - NPR News
Day to Day , July 15, 2008 · Rude mortgage companies, students buying houses, babies on the way: What should the savvy consumer do at life's crossroads? Madeleine Brand and personal finance contributor Michelle Singletary read through some listener ...
2008-07-15 11:24:00 -
Will, estate planning workshop set (Brewton Standard)
Have you prepared your will? Do you know what safety measures to make to protect your property for your heirs? Are you familiar with Gift Tax Law? In our country, less that 40 percent of our citizens have made an estate plan for the distribution of their assets after they die.
2008-07-15 10:16:06 -
Oil price drops over $6, biggest fall in 17 years (Lincoln Journal Star)
NEW YORK — Oil prices fell harder than they have in 17 years Tuesday, as fears that record fuel prices are spreading broad economic pain led to the third big sell-off in just over a week.
2008-07-15 10:46:58 -
Home Equity Income Trust Announces July Distribution and Suspension of Distribution Reinvestment Plan (CNW Group via Yahoo! Finance)
Home Equity Income Trust today announced a cash distribution of $0.09 per unit for the month of July 2008 . The distribution is payable to unitholders of record on July 31 and will be paid on August 15, 2008.
2008-07-16 05:00:00 -
AARP sponsors upcoming events (Tahoe Daily Tribune)
-- The American Association of Retired Persons, Chapter 2617, will meet at 5:30 p.m. Friday at the South Lake Tahoe Senior Center, 3050 Lake Tahoe Blvd.
2008-07-16 06:10:24 -
Ireland's Banks Don't Need Government Assistance, Cowen Says (Bloomberg.com)
``There is no requirement for that whatsoever,'' Cowen said in a Bloomberg Television interview in New York yesterday. ``Our banking system is very well capitalized. It's coming off a very strong performance'' over the last decade.
2008-07-16 05:13:12 -
TODAY'S EDITORIAL: Hang In There - Times of India
Oil is boiling. The rupee is sliding. The trade deficit is expanding, largely because of huge oil import bills from high crude prices. There is bad economic news from around the world. And all this is spooking the Indian markets. Tuesday’s fall in ...
2008-07-16 04:02:00 -
Stock Bear Markets Seen Deepening on Credit Concern (Update2) - Bloomberg
July 16 (Bloomberg) -- The global bear market in equities will deepen from New York to London to Tokyo in the next six months as credit losses prolong the economy's slump and inflation erodes profits, a survey of Bloomberg users showed. The Standard ...
2008-07-16 02:29:00 -
Britain Appears Recession-Bound - BusinessWeek
Every week brings ever gloomier news on the British growth outlook, and the "R-word" is now frequently used in discussions about Britain's economy. Falling house prices, tighter credit conditions for both businesses and households, falling global and ...
2008-07-16 04:09:00 -
'Serious financial crisis' as bank stocks sink, mortgage bigs get ... - New York Daily News
Worried IndyMac customers lined up to withdraw their funds Monday after regulators seized the Pasadena, Calif., bank. The crisis wreaking havoc in the nation's banking industry shows no signs of slowing as more and more bad news roiled Wall Street ...
2008-07-13 05:53:00 -
SoCal home prices drop 29.3 percent in June - CNBC
SAN DIEGO - Southern California home prices plunged 29.3 percent in June compared to a year ago, as tightening mortgage markets put a drag on the housing industry, a real estate tracking firm said Wednesday. DataQuick Information Systems said the ...
2008-07-16 02:36:00 -
Subprimes: From Bad to Worse - Newsweek
The mortgage mess isn't causing our worsening economic condition; it's a symptom of a far more serious problem. The stock market rallied today after President Bush announced a deal under which mortgage lenders would cut subprime borrowers some slack ...
2008-07-16 04:38:00 -
Wells Fargo Fares Well - Forbes
Wells Fargo lifted market spirits today with milder-than-expected losses in its recent quarter. Positive sentiments helped push the Dow Jones Industrial up 2.5%, and the bank saw its shares rise in the strong double-digits while many bad-news banks ...
2008-07-16 05:35:00 -
Dow jumps 276 points as drop in oil prices eases some concern about ... - Chicago Tribune
NEW YORK (AP) _ Wall Street at least temporarily shrugged off some of its many concerns Wednesday and bounded higher thanks to a drop in oil prices. The Dow Jones industrial average rose 276 points, or 2.5 percent, posting its best daily gain in ...
2008-07-16 02:57:00 -
FBI looking into IndyMac Bancorp. - CNBC
WASHINGTON - Now-defunct IndyMac Bancorp Inc. is under investigation by the FBI for possible fraud in connection with home loans made to risky borrowers, The Associated Press has learned. It was not immediately clear how long the FBI's probe of the ...
2008-07-16 12:34:00