18 Oct 1995
Page 1
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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Oct 18, 1995
Page
1
Retired sellers may face deficiency claims after a mobile home loan falls into default and the lender repossesses and sells the unit. The original borrower can impose contingent liability when the buyer defaults, potentially making the sellers responsible for the remaining balance. Offers of settlement may reduce the debt but could affect credit. Seek legal advice and notify the lender of moves to avoid further liability.
The Better Business Bureau urges shoppers to obtain several estimates, compare total costs, and confirm services. Ask about additional charges, how snow depth is measured, and whether sand or salt is included. Get written agreements, check references and insurance, and note termination terms.
Malcolm Berko outlines Security-Connecticut SRC as a potential takeover target amid Glass Steagall changes and rising earnings. He cites SRC's strong book value, diverse life policy mix, and earnings growth to 3.75 dollars a share in 1996, suggesting a possible 40 to 50 dollar future price and a 11 to 12 times multiple, while warning readers to do further research.
The Vanguard Group launches Participant Online a computer service for 401(k) participants to weigh funds against annuities and plan savings. It offers four segments for different investing experience levels, lets users input data and assess if goals are met, and currently works only where linked by employers.
Price promotes a low cost annuity launched last month and urges investors to use individual retirement accounts 401k plans Keoghs and other tax deferred options before buying annuities. The program creates examples using assumptions on life expectancy tax rates and returns both pre and post retirement. Call 800 469 5304 for access.
Eaton Vance information seeks global stock and information ventures with up front 4.75 percent or 5 percent deferred sales charges. MFS and Foreign and Colonial launch three funds International Growth and Income, International Growth, and Emerging Markets Equity focusing on overseas and developing markets. Fidelity funds Puritan Equity Income and Export waive charges until year end with refunds for 1995 paid fees. Stein Roe and Farnham extend fee waivers to all retirement accounts. Skyline Asset Management partners with Affiliated Managers Group to acquire Mesirnw Financial Holdings’ institutional asset division.
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