Mortgage and Financial News From 2008-1-4 Page 9

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  • PHH Receives Reverse Termination Fee from Blackstone

    Forbes - PHH) ("PHH" or the "Company") announced today that it has received payment of the $50 million reverse termination fee from ... Its subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States(1), and ...
    2008-01-04 02:41:00

  • Johnson listens to health care concerns - Sioux Falls Argus Leader

    Johnson listens to health care concernsSioux Falls Argus Leader, SD - 20 hours agoJohnson also said he supports lifting the cap on reverse mortgages so people hard hit by health and other expenses "can access the equity in their home in a ...
    2008-01-04 12:00:04

  • Of black swans and greedy oilmen - Asia Times Online

    Of black swans and greedy oilmenAsia Times Online, Hong Kong - 18 hours agoThe insider's view on how oil and car lobbies help to reverse every tentative step suggested by governments and consumers, not to mention discrediting those ...
    2008-01-04 02:13:38

  • Westpac sets about RAMS rehabilitation with rate cut - Sydney Morning Herald

    Westpac sets about RAMS rehabilitation with rate cutSydney Morning Herald, Australia - 15 hours agoIt immediately set about trying to reverse the damage caused by the crisis that ended RAMS's access to cheap sources of finance in US credit markets. ...
    2008-01-04 05:26:52

  • Housing market 'correcting not crashing' - MyFinances.co.uk

    Housing market 'correcting not crashing'MyFinances.co.uk, UK - 14 hours agoThat is according to the Intermediary Mortgages Lenders Association (IMLA) which is attempting to reverse the negative tone of yesterday's depressing Credit ...
    2008-01-04 05:50:30

  • Some worthwhile ways to help aging parents - Newsday

    Some worthwhile ways to help aging parentsNewsday, NY - 9 hours agoAnd unlike the rest of the mortgage market, reverse mortgages are safe for the lender as well as the homeowner. The most popular and safest reverse mortgage ...
    2008-01-04 11:23:57

  • 'Oh, to be a fly on the oval wall' - Mortage 101

    'Oh, to be a fly on the oval wall'Mortage 101 - 8 hours agoThe 10-year Treasury has reached 3.83 percent, and the lowest-fee mortgages are 5.875 percent. The immediate drivers of decline: nosedives in brand-new data ...
    2008-01-04 12:18:31

  • Groups Warn Seniors: Beware of Reverse Mortgages - VillageSoup Belfast

    Groups Warn Seniors: Beware of Reverse MortgagesVillageSoup Belfast,  USA - 7 hours agoBy Jaret & Cohn Real Estate - Rockland KNOX COUNTY (Jan 4): The US senior community is warming up to reverse mortgages, but the product's increasing ...
    2008-01-04 01:04:38

  • PHH Receives Reverse Termination Fee from Blackstone - FOX News

    PHH Receives Reverse Termination Fee from BlackstoneFOX News - 5 hours agoIts subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States(1), and its subsidiary, PHH Arval, ...
    2008-01-04 02:40:42

  • Chamber has busy January schedule - Orange County Register

    Chamber has busy January scheduleOrange County Register, CA - 2 hours agoKim McFee from Wells Fargo Home Mortgage kicks off the series on Jan. 8 with a discussion on reverse home mortgages in today's economy. ...
    2008-01-04 05:33:19

  • First Midwest takes reverse stance on mortgage loans (Chicago Tribune)

    First Midwest Bancorp Inc., one of the Chicago area's biggest locally headquartered banks, has restructured its mortgage practice to reflect a bigger emphasis on reverse mortgages instead of mortgage originations.
    2008-01-04 05:54:21

  • Rent or Buy: Go With Your Gut (Washington Post)

    Q I am a 48-year-old divorced woman. I have been renting for the past 10 years. My friends tell me that renting is throwing your money away, but if I buy, my monthly housing costs will probably double. I wonder if, at my age, I would not be better off putting the difference into a retirement...
    2008-01-04 07:31:24

  • Business Briefs: Jan. 4, 2008 (The Record Searchlight)

    Don't forget to check for credits With millions of tax packages beginning to arrive in mailboxes this week, the Internal Revenue Service is reminding taxpayers to watch for commonly overlooked tax credits and late tax law changes that could affect their tax returns.
    2008-01-04 07:48:57

  • Mortgage lending is at its lowest since 2005 (Evening Standard)

    THE number of new mortgages approved by lenders has fallen to a three-year low.
    2008-01-04 02:05:26

  • PHH Receives Reverse Termination Fee from Blackstone (Business Wire via Yahoo! Finance)

    MT. LAUREL, N.J.----PHH Corporation announced today that it has received payment of the $50 million reverse termination fee from Blackstone Capital Partners V L.P. , the private equity fund affiliated with the Blackstone Group L.P., in connection with the previously announced termination of the merger agreement between PHH and General Electric Capital Corporation and the agreement pursuant to ...
    2008-01-04 02:36:00

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