Mortgage and Financial News From 2007-9-6 Page 01

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  • Fitch Comments on Radian Group's Request for Ratings Withdrawal

    Forbes - On Wednesday, Sept. 5, 2007, Fitch Ratings downgraded the long-term debt ratings of the Radian Group Inc. (Radian) to 'A-' from 'A' and the insurer financial strength (IFS) ratings of all Radian's mortgage insurance subsidiaries to 'AA-' from 'AA ...
    2007-09-04 05:59:00

  • 11 N.J. Officials Arrested on Corruption

    Los Angeles Times - A federal complaint charges each of the 12 with accepting payments from companies that offered insurance and roofing services to cities and school districts, Drewniak said. The investigation began last year with Pleasantville schools, near Atlantic ...
    2007-09-06 03:12:00

  • Ahead of the Bell: MGIC/Radian

    Boston Globe - The drop is a result of declining earnings contributions from the company's financial guaranty business, lower mortgage insurance market share due to employee attrition, no merger related cost saves, and expectations for no share buyback activity ...
    2007-09-06 06:01:00

  • UPDATE 2-Fed's Kroszner - Mortgage crisis could hit economy

    Reuters - US Treasury opposes state insurance pool subsidies ... SAN FRANCISCO, Sept 6 (Reuters) - Turmoil stemming from subprime mortgage delinquencies could dampen demand for homes and ...
    2007-09-06 10:26:00

  • Mortgage woes top nation in spring

    Detroit News - Of the 79,459 job cuts announced, nearly half came from financial businesses, including banks, insurance companies, real estate brokers and mortgage firms. So far this year, financial businesses have laid off 102,758 workers -- more than the total ...
    2007-09-06 10:50:00

  • Editorial: Title insurance costs hinder homebuyers (Albuquerque Tribune)

    As the nation and New Mexico deal with the real and tragic consequences of the adjustable rate mortgage crisis, it also is worth examining the entire realm of home purchase closing costs. Those can be excessive and in some cases deal-breakers.
    2007-09-06 10:13:27

  • Mortgage woes top nation in spring (Detroit News)

    New U.S. mortgage foreclosures hit a record high in the spring -- and Michigan led the way.
    2007-09-06 11:10:51

  • Investors seek scrutiny of builders' mortgage lending (Atlanta Journal-Constitution)

    An investment group of labor union pension funds representing about $1.4 trillion in investments is asking the nation's 11 largest public homebuilders, including Atlanta-based Beazer Homes, to add independent committees to their boards' structure to ensure the integrity of their mortgage lending practices.
    2007-09-06 04:20:19

  • The Mortgage Lenders' Dual Masters (The Motley Fool)

    Home foreclosures have set a record in the face of a Fed request to avoid taking homes.
    2007-09-06 12:09:09

  • Hong Kong shares turn higher on strong earnings outlook, Wall St gains ...

    Forbes - Wall Street's gains Thursday also lifted sentiment on expectations of an interest rate cut in the US after Dallas Federal Reserve President Richard Fisher said inflationary pressures are 'increasingly well behaved,' and that the central bank is ...
    2007-09-06 08:34:00

  • Indonesian shares higher in early trade led by Telkom, miners,

    Forbes - The central bank's decision yesterday to keep its benchmark interest rate on hold was largely expected and had no real impact on trade. At 10.05 am, the composite index was up 14.58 points or 0.7 percent at 2,235.35. Panin Capital analyst Luki Aryapama ...
    2007-09-06 08:41:00

  • Hold off on splashing out, borrowers warned

    News.com.au - ONE of the country's largest mortgage brokers has urged people not to to use the current interest rate stability as excuse to splash out and get into more debt. Although the official cash rate was left on hold this month at 6.50 per cent ...
    2007-09-06 08:34:00

  • Dollar falls versus euro, pound on European rate decisions, after U.S ...

    CNBC - NEW YORK - The dollar fell against the euro and the pound Thursday after Europe and the U.K. left interest rates unchanged and U.S. dealers began to look toward Friday's U.S. employment report. The 13-nation euro bought $1.3687 in late New York ...
    2007-09-06 03:12:00

  • Europe shares rise before rate decisions, oils up

    Reuters - LONDON, Sept 6 (Reuters) - European shares rose in early trade on Thursday ahead of two key central bank meetings that are expected to yield no interest rate rises, while higher crude oil prices boosted shares in energy majors. A sharp rally in ...
    2007-09-06 03:41:00

  • Fed's Fisher: September rate cut not a done deal

    Reuters - LAS CRUCES, New Mexico (Reuters) - Dallas Fed President Richard Fisher said on Thursday there is still a lot of analysis ahead before the next Federal Open Market Committee decision on benchmark U.S. interest rates. It has yet to be determined if ...
    2007-09-06 04:23:00

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