Mortgage and Financial News From 2008-3-18 Page 3
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River Funding Selects OpenClose to Automate Lending
PR Inside - River Funding offers a variety of products including Conventional, FHA, and Reverse Mortgages. For more information, visit their Web site at www.riverfunding.com.
2008-03-18 01:21:00 -
Fed cuts rate target by three-quarters of a point
USA Today - Many homeowners with adjustable-rate mortgages that are resetting soon will also likely catch a break and some might even see ... But he cautioned that when economic conditions begin to normalize, the central bank must be willing to "promptly" reverse ...
2008-03-18 11:15:00 -
Stocks Surges After Fed Move
Chicago Tribune - The Fed began lowering rates exactly six months ago, after the credit markets seized up due to soaring defaults in subprime mortgages. In its statement accompanying the rate decision, the Fed said "recent information indicates that the outlook for ...
2008-03-18 01:09:00 -
Reverse mortgage seminar in Tewksbury
Lowell Sun - TEWKSBURY -- The Pines assisted-living facility will be hosting a seminar about reverse mortgages tomorrow at 10:30 a.m. Specialist Diane Lewis, of Travis Mortgage, will be on hand to separate fact from fiction about government-insured reverse ...
2008-03-17 08:31:00 -
Reverse Mortgages - "What ways can I get the procedes?"
HULIQ.com - Reverse Mortgages allow many different ways to utilize the equity in your home as a tool to finance a more comfortable retirement, pay for medical bills or many other reasons. The question everyone has when they are considering a Reverse Mortgage is ...
2008-03-17 05:28:00 -
Thornburg gets reprieve from lending pact, but concerns remain (Market Watch)
NEW YORK (MarketWatch) -- Thornburg Mortgage Inc. , the beleaguered lender and investor of home mortgages, got a measure of relief Tuesday as it reached a deal with its creditors. Its shares soared 35% to $3.04 after five lenders of so-called reverse repurchase lines of credit agreed to freeze additional margin calls through March 2009, according to a company filing Monday evening with the ...
2008-03-18 11:46:59 -
Fed cuts rate target by three-quarters of a point (USA Today)
The Federal Reserve, battling recession and a fearsome credit crunch, cut interest rates by a hefty three-quarters of a percentage point Tuesday and said the economic outlook has deteriorated, suggesting more rate cuts could be on the way.
2008-03-18 12:54:36 -
Transcript of Obama speech on race (Moldova.org)
Democratic presidential hopeful Barack Obama, in Philadelphia, Tuesday delivered a speech on race relations in the United States.Here is the transcript:We the people, in order to form a more perfect union.Two hundred and twenty one years ago, in a hall that still stands across the street, a group of men gathered and, with these simple words, launched America's improbable experiment in ...
2008-03-18 01:13:01 -
Karen Russell: We Are Here Because Of Ashley (HuffingtonPost)
Yes He Did. Senator Obama shows us what kind of President he will be in a crisis. Obama will be a brilliant teacher, a sincere...
2008-03-18 01:23:54 -
The Financial Market Crisis and Risks for Latin America (IMF)
1. Over the past four years, Latin America has generally done well in taking advantage of a very favorable global environment to strengthen policy frameworks and lower long-standing vulnerabilities.
2008-03-18 01:35:52 -
Remarks by Barack Obama: 'A More Perfect Union' (The Christian Science Monitor)
Delivered Tuesday March 18, 2008, at Constitution Center in Philadelphia.
2008-03-18 01:43:11 -
Top tips: Fed rate cuts and your wallet (CNNMoney.com via Yahoo! Finance)
We've already had five interest rate cuts since September of last year. And we may be on the verge of yet another one. What will this mean to your wallet?
2008-03-18 02:01:00 -
Fear and lending on Wall Street (The Record)
It will be difficult for the economy to grow or for the market to reverse its course while fear is stalking the financial world.
2008-03-18 02:12:37 -
Home builders' association starts $40K media campaign promoting Albany ...
Albany Business Journal - For the second year in a row, an association of home builders and remodelers in the Albany, N.Y., region is paying for a media campaign that suggests the real estate market is better than people think. The Capital Region Builders and Remodelers ...
2008-03-18 11:29:00 -
Stocks Surge Following Fed Interest Cut
WAPT - It marked the second cut of three-fourths of a percentage point this year. ... Fed funds rate could help people who owe money by easing interest on variable-rate credit cards and adjustable-rate mortgages.
2008-03-18 12:19:00