Mortgage and Financial News From 2007-8-29 Page 17

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  • Indymac hires more than 600 new employees

    San Gabriel Valley Tribune - If you look at the industry in total and you look at where Indymac falls within that industry, the company had for most of its existence carved out a certain niche with things like reverse mortgages for the elderly," he said. "They didn't want to ...
    2007-08-29 12:53:00

  • Yen Advances to One-Week High Versus Euro, Dollar as Carry Trades ...

    Bloomberg - Aug. 28 (Bloomberg) -- For decades, the Austrian town of Gussing was a forgotten outpost, 16 kilometers (10 miles) from ... Yen Advances to One-Week High Versus Euro, Dollar as Carry Trades Reverse German Business Confidence Declines as Debt ...
    2007-08-28 12:54:00

  • LandAmerica to Cut 1,100 Jobs as Mortgages Dwindle (Update2)

    Bloomberg - Aug. 28 (Bloomberg) -- LandAmerica Financial Group Inc., the third-largest U.S. title insurer, said it will cut 1,100 jobs, or about 8 percent of its workforce, by the end of the year to reduce costs as mortgage originations decline. LandAmerica will ...
    2007-08-28 12:54:00

  • Seniors Money International Brings Leadership in Reverse Mortgages to ...

    Market Wire - Editors Note: A photo for this release will be available on the CP picture wire via CCNMatthews. Attn: Business and Assignment Editors. Seniors Money International, a world leader in the reverse mortgage industry, today confirmed its entry into the ...
    2007-08-28 02:23:00

  • Statewide Bancorp Now Offers a Mortgage that Provides Financial Security for Seniors (PRWeb)

    Homeowners in their golden years will soon have relief from rising expenses, and it's coming from a familiar source: their homes. Statewide Bancorp is now offering Reverse Mortgage's with loans up to 6 million dollars. (PRWeb Aug 29, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/VGhpci1NYWduLVBpZ2ctSW5zZS1UaGlyLVplcm8=
    2007-08-29 07:28:04

  • Fund your future (Moneymanager)

    Reverse mortgage lenders will strengthen their "no negative equity" guarantees by January 2008, ensuring that their mostly elderly borrowers can never owe more than the value of their home.
    2007-08-29 01:59:35

  • Seniors Money International enters Canadian reverse mortgage marketplace (Investment Executive)

    Seniors Money International today confirmed its entry into the Canadian reverse mortgage marketplace and its goal to be the preferred provider in conservative and flexible retirement funding.
    2007-08-28 06:38:00

  • Seniors Money International Brings Leadership in Reverse Mortgages to Canadian Marketplace (CNW Group via Yahoo! Finance)

    Seniors Money International, a world leader in the reverse mortgage industry, today confirmed its entry into the Canadian marketplace and its goal to be the preferred provider in conservative and flexible retirement funding.
    2007-08-28 02:30:00

  • Market for reverse mortgages could be worth $8B, says N.Z. company (CP via Yahoo! Canada News)

    TORONTO (CP) - The growing demographic category of elderly homeowners in Canada is being targeted by a New Zealand-based "reverse mortgage" company, which estimates the mostly untapped market in this country to be worth as much as $8 billion.
    2007-08-28 09:18:00

  • N.Z. company comes to Canada to tackle market for reverse mortgages (Canadian Business)

    TORONTO (CP) - New Zealand-based Senior's Money International has announced it is setting up shop in Canada to offer "reverse mortgages" in competition against the Canadian Home Income Plan reverse mortgages offered by Home Equity Income Trust (TSX: HEQ.UN).
    2007-08-28 06:24:42

  • TEXT-S&P release on NiSource Finance

    Reuters UK - Aug 28 - Standard & Poor's Ratings Services said today it assigned its 'BBB' rating to NiSource Finance Corp.'s $800 million senior unsecured notes, due 2018. Proceeds from the 144a issuance will be primarily used to refinance short-term debt. The ...
    2007-08-28 08:21:00

  • Cheyne May Have to Liquidate Commercial Paper Plan on Losses, S&P Says ...

    Stockhouse Canada - Even though you are a well-regarded investment vehicle, if you can't roll over your paper and the market is concerned about the asset value of rolling over that paper, investors are not going to refinance you in this environment,'' said Craig ...
    2007-08-29 04:42:00

  • US junk bond issuers' refunding risk to swell-Moody's

    Reuters - Companies that need to refinance that debt may face tougher market conditions as fallout from the subprime mortgage debacle dries up demand for risky bonds. At least 12 companies have pulled junk bond sales since June as investors shunned low-rated ...
    2007-08-28 08:57:00

  • Credit crunch may hurt auto sales

    USA Today - Hoffman says it had become commonplace for homeowners to refinance their mortgages and then come in to buy a car. "With the whole real estate market slowing down and that refinancing market shrinking, it's impacting those buyers," says Hoffman, who ...
    2007-08-29 12:53:00

  • Credit crunch means more foreclosures and much tougher loan terms

    Boston Globe - Hit hardest were those who were trying to refinance but couldn't obtain loans after their adjustable-rate payments rose. Also hurt are those homeowners refinancing loans who have no equity or money down. The trigger point for what industry experts say ...
    2007-08-29 04:20:00

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