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Business in brief (Milwaukee Journal Sentinel)
LOCAL Merge Healthcare seeks reverse stock split Merge Healthcare Inc. is seeking...
How does a reverse mortgage work? (WDBJ 7 Roanoke)
Who benefits from a reverse mortgage? News7's Hollani Davis caught up with a 75-year-old widow who calls her reverse mortgage a blessing, and wants to clear up the misconception that it's the government's way of trying to take your home.
Nerves return to financial sector as investors dump shares in WaMu (Independent)
The fear and the speculation that has plagued the financial sector since the start of the credit crisis returned with a vengeance yesterday, with investors dumping shares in one of the country's largest mortgage lenders.
Reverse Mortgage Pitfalls (Investopedia via Yahoo! Finance)
Before tapping your home equity, find out what can go wrong.
Jeremy Warner's Outlook: Ministers may have to consider radical action as mortgage famine intensifies (Independent)
News from the housing market just gets worse and worse. The number of new mortgage approvals fell a further 23 per cent in June to a level which is now nearly 70 per cent lower than a year ago. If the drop rate continues at the present pace, there will be no new mortgage finance at all by the end of the year.
Reverse Mortgage Pitfalls (Investopedia)
Reverse mortgages are a way for elderly people to draw an income (either in installments or a lump sum) against the equity that they've built up in their homes.
Reverse Mortgage Abuse on the Rise (KiplingerForecasts.com)
Lawmakers and regulators warn of predatory practices in the growing reverse mortgage market.
Television - Business (Scoop.co.nz)
ASB says it predicts relief for mortgage holders over the next year as the reserve bank continues to cut the official cash rate.
House GOP Says Please Veto (CBS News)
House Republicans are trying a new tack to get President Bush to reverse his support for the massive housing bill: asking nicely. “We would like to respectfully request that you reconsider your position,” 14 House Republicans wrote in a letter to Bush Thursday, noting that 149 Republicans voted against the legislation Wednesday. “[A]s Republicans, we voted our consciences as the fiduciaries ...
Thornburg Mortgage Announces Commencement of Exchange Offer and Consent Solicitation for All Outstanding Preferred Stock (Business Wire via Yahoo! Finance)
SANTA FE, N.M.----Thornburg Mortgage, Inc. announced today that it is commencing an exchange offer for all outstanding shares of its Series C, Series D, Series E and Series F preferred stock .
