Economics and the Market
Kipinger - August 4, 2008
When trying to figure out who benefits from the new housing law, don't forget to count seniors who are in the market for a reverse mortgage. These mortgages let seniors convert some of their home equity into a stream of income,
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San Francisco Gate - August 1, 2008
Not so long ago I was at my father's house, and I heard him on the phone, arranging a visit with someone. When he hung up, I inquired about who he was making plans with.
"A very nice guy who called me," he told me.
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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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CBS NEWS - July 28, 2008
Our disfunctional financial system hit a new low last week when Citigroup, the hopeless wreck of Wall Street, announced it had lost $2.5 billion in the past three months -- a cheer went up, and so did the Dow. Only $2.5 billion;
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NRMLA - July 28, 2008
Washington, D.C. – Landmark housing legislation (H.R. 3221) passed by Congress this weekend will make substantial improvements to the federally-insured reverse mortgage program and greatly benefit senior homeowners
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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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The New York Times - July 19, 2008
You have heard that Fannie and Freddie, their gentle names notwithstanding, may cripple the financial system without a large infusion of taxpayer money. You have gleaned that jobs are disappearing, housing prices
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US News & World Report, July 1st, 2008Employees aren't sure how much of their salary they should replace in
retirement. As part of an online test on retirement income, MetLife
Mature Market Institute and GfK North America asked, "What percent of
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The Boston Globe, June 26, 2008A 65-year-old couple needs $85,000 on average to cover
insurance costs for long-term care such as nursing home stays in
retirement, according to a study to be released Thursday by Fidelity
Investments.
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The Wall Street Journal, June 24, 2008In the spring of 2001, Bill Thomas, dressed in his usual sweat shirt
and Birkenstock sandals, entered the buttoned-down halls of the Robert
Wood Johnson Foundation. His message: Nursing homes need to be taken
out
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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 New York Times, June 21, 2008You’ve probably heard about the bumper sticker, even if you haven’t
seen it. It’s the one on Cadillacs in Florida and Lexuses in Arizona
that says “I’m spending my children’s inheritance.”
We’ve laughed at that for
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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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The New York Times, June 10, 2008 The people who created this country built a moral structure around
money. The Puritan legacy inhibited luxury and self-indulgence.
Benjamin Franklin spread a practical gospel that emphasized hard work,
temperance and
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