Mortgage and Financial News From 2008-2-12 Page 17

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• Is a reverse mortgage right for you? (MSNBC)

  Five things to consider before you (or your parents) join the frenzy. TODAY financial contributor Jean Chatzky offers some advice.
  2008-02-12 03:31:16

• DATA SNAP: UK RICS House Price Balance At 15-Year Low (The Forex Market)

  LONDON (Dow Jones)--Sentiment in the U.K. housing market sunk to its lowest level since 1992 in January due to further weakness in demand and tighter credit conditions, the Royal Institution of Chartered Surveyors said Wednesday.
  2008-02-12 04:06:12

• Australia's Westpac consumer sentiment index falls in February after rate hike (The Forex Market)

  Corp said Wednesday.
  2008-02-12 04:06:24

• Bankers miffed about size of their bonuses (The Herald)

  Some disgruntled City bankers are considering legal action against their employers for cutting their bonuses this year, according to one law firm, amid predictions of bonus cuts of between 16% and 75%.
  2008-02-12 04:20:58

• UK RICS Jan house price balance slumps to -54.7, worsst level since 1992 (The Forex Market)

  LONDON (Thomson Financial) - The credit crunch is keeping the UK housing market on a firm downward trend, as the proportion of chartered surveyors in the UK reporting lower house prices in January reached its worst level in over 15 years, a leading industry group said today.
  2008-02-12 04:21:03

• Squatters rights for mortgagee who didn't pay (Daily Telegraph)

  A bankrupt who has not paid his mortgage for the past 15 years had his debt wiped out by three judges yesterday.
  2008-02-12 05:13:55

• The Lies You Should Watch Out For (The Motley Fool)

  If you're in debt and facing the possibility your home may be repossessed, watch out for the IVA vultures who will try to scam you out of £13,000.
  2008-02-12 05:17:30

• Homeowners look to sell (FT.com via Yahoo! News)

  Non-domiciled foreigners living in the UK are preparing to sell their homes amid undimmed concerns about the government's tax changes.
  2008-02-12 05:55:18

• Errors surface in initial GOP results -- but McCain keeps lead

  Seattle Post Intelligencer - John McCain is still narrowly winning Saturday's Republican presidential caucuses, state GOP Chairman Luke Esser ... Seattle Real Estate News With the P-I's Aubrey Cohen · What's a Zilpy? · Mortgage insurance getting harder to get · Some stimulus
  2008-02-12 08:19:00

• PMI tightens underwriting guidelines

  East Bay Business Times - As home loan delinquency rates and foreclosures continue to rise, mortgage insurers such as PMI and rivals such as Genworth Mortgage Insurance , MGIC Investment and Radian have taken big losses. In October, PMI reported a third-quarter net loss of $86 ...
  2008-02-12 03:57:00

• AIG Credit-Default Swap Losses Won't Be `Material' (Update4)

  Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... The company, based in New York, has said it doesn't expect to sell mortgage- related investments at a loss when markets are ...
  2008-02-12 01:19:00

• Stocks gain on Buffett bond-insurance offer

  Seattle Times - Reinsurance provides a second level of insurance on those bonds. Investors also appeared pleased by a government plan called Project Lifeline involving the six largest mortgage lenders to help at-risk borrowers with all types of mortgages retain their ...
  2008-02-12 01:26:00

• Warren Buffett rides to rescue of $800bn under threat on bond ...

  Times Online - ... between them after a surge in defaults on home loans fed through into a jump in insurance claims on related bonds. JPMorgan has estimated that the handful of biggest bond insurers face an eventual collective loss of about $41 billion should mortgage ...
  2008-02-12 05:01:00

• Hondros College Expands School of Nursing to Columbus and Dayton ...

  Forbes - Its nine Ohio locations provide the highly focused education needed to succeed in a broad range of careers in real estate, appraisal, home inspection, mortgage, insurance, financial services and nursing. Hondros College also offers a nationally ...
  2008-02-12 11:25:00

• Buffett boosts global stock markets

  News.com.au - And the Moody's Investors Service ratings agency said it had changed its rating outlook for American International Group to negative from stable, citing the insurance firm's exposure to ailing US subprime mortgage investments. Subprime home loans ...
  2008-02-12 05:23:00

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