Mortgage and Financial News From 2008-5-17 Page 8
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Thursday 5/15 (Sag Harbor Express)
Toddler Songs, Stories and Playtime at the John Jermain Library, Main Street, Sag Harbor. 10 a.m. to noon. 725-0049. Sag Harbor UFSD Board of Education special meeting. Executive session to discuss personnel issues. 5 p.m. District Office conference room, Sag Harbor. 725-5300.
2008-05-16 08:09:24 -
The incredible shrinking nest egg (WZZM 13 Grand Rapids)
Patty Stewart of Redlands, Calif., is beginning to think she won't be able to retire at 65. Or 67. Or possibly ever.
2008-05-16 08:42:01 -
Ford to sell $5.3 bn in largest ABS sale (The Economic Times)
Ford Motor Credit plans to sell $5.3 billion of asset-backed securities supported by auto loans into strong pre-sale demand in the largest ABS deal this year, market sources familiar with the deal said on Friday.
2008-05-16 09:52:05 -
Reverse mortgages becoming popular (WSLS Newschannel 10 Roanoke)
Also known as a home equity-conversion mortgage, a reverse mortgage lets people who are at least 62 borrow money against their homes, as long as they own the property or owe only a small balance on an existing mortgage.
2008-05-16 11:00:54 -
Housing Industry Adapts to Not-So-Retiring Baby Boomers (Washington Post)
Are you a baby boomer? Statisticians consider anyone born from 1946 to 1964 to be one.
2008-05-16 01:38:16 -
Despite multi-family jump, market still sluggish (San Diego Daily Transcript via Yahoo! News)
New multifamily construction jumped by more than 36 percent in April nationwide, and although San Diego County appeared much stronger too, builders can't celebrate yet.
2008-05-16 05:57:16 -
Senior Expo a hit (Mesabi Daily News)
MOUNTAIN IRON — From learning about reverse mortgages to getting a massage to visiting with old friends, the 200-plus people attending the Iron Range Senior Expo had a good day.
2008-05-16 10:20:22 -
Beazer posts wider first and second quarter losses - Reuters
NEW YORK, May 15 (Reuters) - Beazer Homes USA (BZH.N: Quote , Profile , Research ), operating under federal investigations and amid a downturn in the U.S. housing market, on Thursday released its last remaining financial statements of past quarters ...
2008-05-15 05:23:00 -
Obama Has the Upper Hand. But McCain Can Still Take Him. - Washington Post
John McCain is America's favorite kind of candidate. With his record of extraordinary patriotism and his distinctive Senate tenure, McCain is a nominee whom voters from both parties -- and independents, too -- could easily support. But he has been ...
2008-05-17 06:00:00 -
AP Business NewsBrief at 10:57 a.m. EDT - CNBC
NEW YORK(AP) — News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets — the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday. And traders ...
2008-05-17 07:55:00 -
U.S. Stocks Rise to Highest Since January; Intel, Peabody Gain - Bloomberg
May 17 (Bloomberg) -- U.S. stocks rose this week, sending the Standard & Poor's 500 Index to the highest level since January, on speculation global economic growth will drive demand for personal computers and fuel. Intel Corp. led semiconductor ...
2008-05-17 05:31:00 -
Summer may bring a turning point for stock market - Baltimore Sun
NEW YORK - After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts. The data of the past few weeks have given investors some hope that the worst of the credit ...
2008-05-17 07:55:00 -
Construction of homes up 8.2 (The Gainesville Sun)
The outlook is still shaky, however.
2008-05-17 03:07:49 -
Prosecutors, U.S. Bank still working toward settlement in Stabile case (Ottumwa Courier)
OTTUMWA — A month ago, federal prosecutors told the judge in the Timothy Stabile case they were working with U.S. Bank toward a settlement. That was the last the court had formally heard until this week, when prosecutors filed a status report in U.S. District Court.
2008-05-17 03:10:32 -
US subprime hangover lingers over bank earnings (ABS-CBNNEWS.com)
NEW YORK - Financial firms that had hoped to swallow their subprime mortgage pain and move on are finding the hangover is lasting longer than expected.
2008-05-17 04:16:19