| Vestin Realty Mortgage II Declares November Dividend Of $0.04/Share ...
11/15/2007 11:06:13 PM Vestin Realty Mortgage II, Inc. (VRTB) announced that its board has declared a cash dividend of $0.04 per common share for the month of November 2007, which will be payable on December 28, 2007 to shareholders of record as of December 3, 2007.
The company also revealed that its board approved 1-for-2.6 reverse stock split to its common shareholders of record on December 31, 2007.
Following reverse stock split, Vestin Realty will have roughly 14.9 million shares outstanding, which will decrease its public float by about 23.7 million common shares. The company currently has about 38.6 million common shares outstanding.
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Fiserv Prices Public Offering Of $1.75 Bln Of Senior Notes - Quick Facts [FISV]
11/15/2007 10:35:13 PM Fiserv Inc.
Reverse Mortgage Sales Abuses Targeting Seniors is Topic of Hearings ...
SAN DIEGO, WASHINGTON, and IRVINE, Calif., Dec. 11 /PRNewswire/ -- On December 12, 2007 the Senate Subcommittee on Aging will hear testimony and consider evidence that details unlawful sales practices targeting seniors by Financial Freedom Senior Funding Corporation based in Irvine, California. The hearings, chaired by Senator Claire McCaskill (D-MO), come on top of lawsuits filed in California, San Diego involving the sale of Reverse Mortgage Products by Financial Freedom Senior Funding Corporation alleging excessive fees and use of proceeds to purchase additional financial products, such as deferred annuities. During the course of the hearings AARP will be unveiling a 200 page report which is an in depth study of the Reverse Mortgage industry, highlighting many of the sales practice abuses directed towards seniors.
Investments in the realty sector to harness rich capital gains
The realty sector in the country is all set to enter into a new era in 2008 with a plethora of investment options lined up in the coming months. Investors may invariably be in a dilemma as to where to invest and what percentage should be earmarked for each category in the investment portfolio.
It is one area where both yield and capital appreciation is assured for investors. What is more, today, one can use the asset acquired over the years to raise short term funds for a rainy day through multiple options like mortgage loan against immovable property , loans against rental income and reverse mortgage for senior citizens.
Residential property
Those looking at residential property should remember there are three pertinent factors which are beyond investors' control like increase in land cost, input cost and registration fee.
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