Mortgage and Financial News From 2008-3-22 Page 6

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• College bills for two loom (The Cincinnati Enquirer)

  A Roselawn woman has two sons heading off to college soon, she is trying to figure out how she'll pay for it. She's learning that getting out of debt is a lifestyle change, not a diet.
  2008-03-22 02:28:12

• ALL BUSINESS: Fed rate cut futility (El Paso Times)

  NEW YORK—So the Fed's interest rate cuts were supposed to make borrowing easier, right? If only that were so.
  2008-03-22 03:01:08

• Suit over homes heads to trial (The Morning Call)

  Leading bank, Poconos builder accused of conspiring to defraud more than 100 house buyers. A lawsuit alleging that one of the nation's largest banks and a Poconos builder conspired to defraud more than 100 home buyers will go to trial, a federal judge in Harrisburg ruled Friday.
  2008-03-22 03:03:58

• ALL BUSINESS: When economy views collide (El Paso Times)

  NEW YORK—Stock investors in recent weeks have been more willing to brush off a drumbeat of negative housing and inflation news that has cast a pall over their credit-market comrades. Who's getting it right?
  2008-03-22 03:00:57

• A Second Attempt at Better Settlements (The Lakeland Ledger)

  WASHINGTONAlmost anyone who's bought a house or taken out a mortgage in recent years knows the problems
  2008-03-22 03:07:53

• Spring fashion could darken (The Pueblo Chieftain)

  NEW YORK - The nation’s stores are awash with orange patent leather sandals and coral printed dresses, but gray or black would be a better match to shoppers’ moods these days. ‘‘The climate out there is frightening,’’ said Judith Lederman, a public relations executive who was laid off from Lord & Taylor three weeks ago. The Scarsdale, N.Y., resident says she’ll bypass the mall and dig into ...
  2008-03-22 05:05:24

• Credit crunch: Tighten your belts, this could be rough (Belfast Telegraph)

  The sudden collapse of the US investment bank Bear Stearns this week, provided a harsh lesson for gung-ho equity investors, who have let themselves fall into the trap of believing that blue-chip companies never go bust.
  2008-03-22 05:22:45

• In cost-cutting move, grass being killed in some Corona areas (The Press-Enterprise)

  CORONA - As the green hillsides around west Corona explode with the yellows, golds and purples of wildflowers, an unwelcome brown is snaking its way through the manicured neighborhoods of one of the city's pricier neighborhoods.
  2008-03-21 12:03:45

• Generation Mortgage Adopts Policy to Safeguard Seniors From Buying Unsuitable Financial Products with Reverse Mortgage ... (PR Newswire via Yahoo! Finance)

  Generation Mortgage Company, an Atlanta-based company specializing solely in providing reverse mortgages to qualified seniors, today announced a set of policies and procedures which apply to purchases of other financial products using reverse mortgage proceeds.
  2008-03-21 05:00:00

• NetOxygen now supports reverse mortgages (Nashville Business Journal)

  Gallagher Financial Systems Inc. has integrated reverse mortgages into the their loan origination technology through their NetOxygen product.
  2008-03-21 10:15:55

• Has the Economy Bottomed Out? Probably Not. (14 WFIE Evansville)

  Several indicators say the ecomony has not reached bottom yet. Here are the signs to watch while waiting for the turn-around.
  2008-03-21 12:49:21

• Eastern Bank to host free seminar on mortgages (The Standard-Times)

  MIDDLEBORO — Eastern Bank will hold a free, half-hour informational seminar on reverse mortgages, a growing trend that helps some homeowners tap needed income through the equity in their primary residences. The seminar is planned for 10 a.m.-3 p.m.
  2008-03-21 02:37:15

• Thornburg Mortgage Delays Its Hail Mary (Forbes)

  The beleagured mortgage lender still has issues to work out.
  2008-03-21 03:19:34

• Mortgage lender sees future by looking in reverse (Fort Worth Business Press)

  A longtime mortgage lender says one possible solution for older homeowners facing foreclosure is a relatively unknown product, but one whose prevalence she believes will only increase in the future.
  2008-03-21 07:10:33

• ALL BUSINESS: Markets driven by fear (El Paso Times)

  NEW YORK—It will be difficult for the economy to grow or for the market to reverse its course while fear is stalking the financial world.
  2008-03-22 02:59:30

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