Mortgages
The Boston Globe - July 31, 2008
The sweeping housing legislation signed yesterday by President Bush provides a tax credit for first-time home buyers, higher mortgage allowances for expensive markets such as Boston, property tax breaks, and a variety
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The Wall Street Journal - July 31, 2008
As lending standards have become tougher, a rising number of people and businesses are turning to an unlikely source for money: private lenders.
In recent years, the practice of borrowing money from private parties
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The New York Times - July 25, 2008
If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall.
The bill, expected to be passed by the Senate in the next few days and then signed
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Financial-Planning.com - July 23, 2008
A week after opening IndyMac Federal Bank to worried customers and a media frenzy, John Bovenzi sat in his sixth-floor chief executive's office laying out what the battered mortgage lender can still offer potential
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NewRetirement Editorial Note: NewRetirement shares some of the concerns voiced by the authors of this article. In particular, we are carefully watching the impact of a rapidly increasing number of brokers entering the reverse mortgage market.
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Seeking Alpha - July 20, 2008
I tend to be in hotel rooms when bubbles burst.
On January 6, 2000, I was on the 30th-something floor of the Marriott hotel across the street from the convention center in San Francisco. I was jet lagged and up working
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New York Times - July 13, 2008
IT’S dispiriting indeed to watch the United States financial system, supposedly the envy of the world, being taken to its knees. But that’s the show we’re watching, brought to you by somnambulant regulators, greedy bank
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USA TODAY - July 2, 2008
Long before workers at the San Diego Food Bank began distributing cardboard food cartons from the back of a truck on a recent day, elderly men and women, many needing walkers and metal canes, formed a line in a church parking
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Financial Industry Regulatory Authority, June 26, 2008
Rising costs of food and fuel, declines and volatility in the housing and financial markets, and an ever-tightening credit crunch have gathered to form a perfect storm that could lead some Americans
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The Providence Journal Saturday June 28, 2008
A new state law designed to protect consumers from the risks of “reverse mortgages” mandates greater disclosure of fees charged by lenders but still permits them to penalize borrowers who pay
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Reuters, June 23, 2008Record foreclosures and
limited access to credit will make it harder than usual for the
U.S. housing market to rebound from this slump, the worst since
at least World War Two, according to a Harvard University study
released
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The Motley Fool. June 18, 2008Reverse mortgages -- a way for seniors to tap into their home equity without having to make monthly payments -- have become a mainstream retirement-planning option
in recent years. Despite some drawbacks, for many retirees,
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News 8 Austin, June 16, 2008This article includes a video about scams involving reverse mortgages, which we at NewRetirement strongly encourage you to view.Mr. Finance Guy, you mean there is another scam alert?
John Henry McDonald: Oh yeah, there seems
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Manufactured Housing Global Network, June 16, 2008Reverse Mortgages are becoming popular in
America. The U.S. Department of Housing and Urban Development (HUD) created one
of the first. HUD's Reverse Mortgage is a federally-insured private loan, and
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SFGate, June 15, 2008Reverse mortgages are being
held out as an excellent way for house-rich but cash-poor seniors to
tap into their equity without having to sell and move. And they may
well be a good choice for some people. But there are other options
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