Mortgage and Financial News From 2007-9-6 Page 12

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  • Canada's Dollar Declines as Mortgage Losses Threaten Growth (Bloomberg.com)

    Sept. 6 (Bloomberg) -- The Canadian dollar fell for a second day on concern that losses from U.S. subprime mortgages will slow global growth, reducing demand for the nation's commodity exports.
    2007-09-06 05:32:30

  • More New Yorkers in arrears, foreclosure on mortgages (Newsday)

    Some 4.52 percent of mortgage borrowers in New York State were behind in their mortgage payments in the second quarter of 2007, up from 3.86 percent from the same period a year ago, according to the Mortgage Bankers Association. Some 1.35 percent of loans were in foreclosure, up from .94 percent from the second quarter of 2006.
    2007-09-06 11:05:13

  • Pa.'s mortgage delinquencies rise in the second quarter (WFMJ Youngstown)

    PHILADELPHIA (AP) - Delinquency rates on residential mortgages rose in Pennsylvania in the second quarter. The Mortgage Bankers Association says it's propelled by a sharp increase in late payments by homeowners with spotty credit histories.
    2007-09-06 01:52:38

  • Pa.'s mortgage delinquencies rise in the second quarter (Centre Daily Times)

    Delinquency rates on residential mortgages rose in Pennsylvania in the second quarter, propelled by a sharp increase in late payments by homeowners with spotty credit histories, a trade group reported Thursday.
    2007-09-06 12:50:30

  • Mortgages Entering Foreclosures At Record High (Environmental News Network)

    WASHINGTON (Reuters) - The rate of home loans entering the foreclosure process rose to a record high in the second quarter of 2007, driven largely by failing subprime mortgages, an industry trade group said on Thursday. The Mortgage Bankers Association said 0.65 percent of loans entered the foreclosure process on a seasonally adjusted basis, 7 basis points higher than the previous quarter and up ...
    2007-09-06 10:03:42

  • Mortgages entering foreclosures at record high (Reuters via Yahoo! News)

    The rate of home loans entering the foreclosure process rose to a record high in the second quarter of 2007, driven largely by failing subprime mortgages, an industry trade group said on Thursday.
    2007-09-06 07:38:26

  • US subprime exposure unlikely to have a ratings impact for insurers ...

    Forbes - LONDON (Thomson Financial) - Exposure to the troubled US subprime mortgage market is ... A jump in short-term interest rates, particularly the 3-month contract, reflects ... News and its third party content providers for your personal information only ...
    2007-09-06 09:43:00

  • Fed's Kroszner: subprime woes could weaken demand for homes, harm ...

    Forbes - ... Randall Kroszner warned today that continued turmoil in the subprime mortgage market ... in August to provide liquidity to the markets, in part by lowering the interest rate ... News and its third party content providers for your personal information only ...
    2007-09-06 10:11:00

  • ECB Leaves Interest Rates Unchanged, Shelving Plan for Increase

    Bloomberg - Sept. 6 (Bloomberg) -- The European Central Bank left interest rates unchanged today ... The collapse of the U.S. subprime-mortgage market has made banks reluctant to lend ... crunch where good companies won't get access to cash,'' he said. ``The only ...
    2007-09-06 05:03:00

  • TREASURIES-Prices slip on economic data, stock gains

    Reuters - ... sector and job market reduced expectations for a deep cut in official interest rates ... some pressure on bond prices, though persistent signs of trouble in the mortgage ... that the Fed does not want to operate on an inter-meeting basis so if you only ...
    2007-09-06 12:27:00

  • U.S. economic data helps send stocks higher, investors look to jobs ...

    Edmonton Sun - On Wall Street, the Dow Jones industrials advanced 57.88 points to 13,363.35 as the Mortgage Bankers Association reported that ... On the TSX, most sectors were positive with only the financial sector providing drag, down 0.33 per cent. Shares in ...
    2007-09-06 10:40:00

  • Impact of U.S. crisis to linger in Europe

    International Herald Tribune - ... As Europe continues to absorb shock waves from the crisis in the American mortgage ... Citing these uncertainties, the bank left its benchmark interest rate unchanged at 4 ... The bank reduced its growth projection only modestly - to 2.5 percent, compared ...
    2007-09-06 12:06:00

  • Fed's Poole and Lockhart Decline to Endorse Interest-Rate Cut

    Bloomberg - Fed's Poole and Lockhart Decline to Endorse Interest-Rate Cut By Scott Lanman Sept. 6 ... was criticized by some analysts for saying in an Aug. 15 interview that only a ... Fed Governor Randall Kroszner said turmoil in mortgage markets could further erode ...
    2007-09-06 12:49:00

  • New Mortgage Foreclosures Set Record

    Newsday - ... Homeowners, struggling to deal with sharp increases in their adjustable mortgage ... million adjustable rate mortgages taken out with low introductory interest rates ... enough and vowed to push more aggressive legislation through Congress, not only ...
    2007-09-06 01:39:00

  • Money talk

    Daily Telegraph - Keep mortgage payments down on the rental property by using an interest-only rather than a repayment mortgage. Case study When Natasha and Julian Bennett moved to a three-bedroom house in May, they took the opportunity to let out their existing one ...
    2007-09-06 11:44:00

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