Mortgage and Financial News From 2008-6-29 Page 7
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D-Street in for more pain; Sensex seen heading to 12k level - Hindustan Times
Having lost over one-third of its value in less than six months, stock market seems to have more pain in store for investors with experts seeing the benchmark Sensex heading back towards 12,000 level in the next few months. The continuing crude oil ...
2008-06-28 10:50:00 -
Concerns about retirement and strategies to help (The Meridian Star)
You’ve saved and sacrificed to build your portfolio, now it’s time your portfolio worked for you. These days, however, investing for retirement isn’t as simple as stashing your life savings in a CD or Treasury bond and living off the interest. Longer life expectancies and earlier retirement age means you may need your income to last you as long as 30 years or more.
2008-06-28 09:06:22 -
Internet spawns alternative loans for homeowners (The Post and Courier)
The online networks allow people to find loans or make them, the same way they might exchange music or bid on collectibles on eBay.
2008-06-28 09:20:10 -
COLA BUMP IS LOOMING IN '09 (New York Post)
Hey John!: With everything in the economy going badly do you think we will get a big cost of living increase for 2009? T.E. Dear T.E.: Yes, it could be one of the biggest Cost of Living Adjustments - or COLAs, as in the drink - in a long time...
2008-06-29 12:16:16 -
Strategies to protect principal in IRA CDs (San Diego Union-Tribune)
I have a question about holding CDs in an individual retirement account. Brokered CDs are convenient when using them for the fixed-income strategy of a retirement portfolio. But the disadvantage is that brokered CDs are “marked to the market,” which puts their principal at risk if one has to liquidate them before they mature. To avoid this problem, one could open many rollover IRAs at various ...
2008-06-29 03:12:48 -
Roger Cohen: A terrible bust is born - International Herald Tribune
DUBLIN : There's no escape these days, is there? Even in the land of the "Celtic Tiger," whose growth rates were Europe's envy in recent years, a typical headline in The Irish Times runs: "Enveloping sense of gloom saps consumer sentiment." The ...
2008-06-29 05:38:00 -
A New Way for Homeowners to Cope - Wall Street Journal
People faced with losing their houses because of onerous mortgage resets, plunging values or other financial issues may soon have a new way to deal with their problems. Congress is expected to pass legislation in coming days that could help hundreds ...
2008-06-29 05:31:00 -
Roger Cohen: A terrible bust is born (International Herald Tribune)
An adjustment is taking place between the world's old economic power structures and emergent ones.
2008-06-29 05:57:06 -
Bailey Properties expanding despite downturn - Santa Cruz Sentinel
Robert Bailey is taking a contrarian position on the local housing market. Even though 361 foreclosed homes have been sold, and more than 1,000 homeowners are at risk of losing their homes, many in Watsonville, Bailey Properties has opened a branch ...
2008-06-28 02:07:00 -
Bond Commission approves funding for frontage road - News-Star
The city of Monroe has taken its first major step to build an Interstate 20 frontage road that will connect Accent Drive to a service road in front of Lowe’s Home Improvement Warehouse. In June, the Louisiana State Bond Commission approved a ...
2008-06-28 10:43:00 -
Home help ahead if Senate can agree - Detroit Free Press
The legislation would allow the Federal Housing Administration to guarantee up to $300 billion in new loans to help at-risk homeowners refinance into more affordable mortgages.
2008-06-29 12:16:00 -
Selling-price reports 'all over the map' (The Fort Collins Coloradoan)
A couple of weeks ago, we reported on the May real estate sales for the Fort Collins area.
2008-06-29 04:16:08 -
FHA's role expanded in U.S. mortgage fix (Moldova.org)
The Federal Housing Administration is likely to emerge as a much bigger force in the U.S. home mortgage industry, market players say.The agency, which was established in the 1930s to deal with the housing crisis of the Great Depression, could see its function of providing federal backing for private mortgages greatly expanded under legislation being considered by Congress, The Wall Street ...
2008-06-29 06:34:07 -
Would You Hire Your Husband? - Blueridgenow.com
NINE years ago, Laura Udall noticed that her young daughter Rachel suffered back pain from lugging her books back and forth to school. Ms. Udall, a former saleswoman at AT&T, decided to develop and market a backpack light enough for children to wear ...
2008-06-29 04:19:00 -
Hundreds in region face foreclosure - Traverse City Record-Eagle
GAYLORD -- Susan Forcier loved the 10-acre, Hayes Township spread she called home for nearly five years. She and her then-husband invested plenty of sweat equity in the four-bedroom ranch over that time, adding a garage and replacing windows, doors ...
2008-06-29 07:11:00