Mortgage and Financial News From 2007-9-6 Page 15

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  • Pound Falls Against Euro as Central Bank Keeps Rates on Hold

    Bloomberg - Pound Falls Against Euro as Central Bank Keeps Rates on Hold By Anchalee ... Management's index of employment for non-manufacturing companies fell to the lowest ... take a ``material hit'' to earnings from the fallout of rising U.S. subprime-mortgage ...
    2007-09-06 10:04:00

  • Dollar Falls Versus Euro as Mortgage Delinquencies Reach Record

    Bloomberg - Dollar Falls Versus Euro as Mortgage Delinquencies Reach Record By Bo Nielsen and Min Zeng Sept. 6 ... Japan's 0.5 percent target lending rate is the lowest among industrialized nations. `Hike Rates' ``The market still expects the ECB ...
    2007-09-06 12:56:00

  • Rates on 30-year mortgages edge up slightly after dropping to the ...

    CNBC - ... rates on 30-year mortgages edged up slightly this week. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.46 percent this week, compared with 6.45 percent last week. The rate last week was the lowest ... mortgage rates ...
    2007-09-06 12:06:00

  • More headlines (Norwich Bulletin)

    Finally, some good news for prospective homebuyers. Rates on 30-year mortgages are at the lowest level in three months. Freddie Mac, the mortgage company, announced last week its fixed-rate mortgages averaged 6.45 percent, down from 6.52 percent the week before.
    2007-09-05 10:22:28

  • Dollar Falls Versus Euro as Mortgage Delinquencies Reach Record (Bloomberg.com)

    Sept. 6 (Bloomberg) -- The dollar fell versus the euro after a report showed U.S. mortgage delinquencies reached a record in the second quarter.
    2007-09-06 01:12:13

  • Rates on 30-year mortgages edge up (USA Today)

    After falling for two weeks, rates on 30-year mortgages edged up slightly this week.
    2007-09-06 12:19:44

  • Rates on U.S. 30-year mortgages edge up after dropping to lowest point in 3 months (MSN Money Canada)

    WASHINGTON (AP) - After falling for two weeks, rates on 30-year mortgages edged up slightly this week. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.46 per cent this week, compared with 6.45 per cent last week.
    2007-09-06 01:37:27

  • Subprime mortgage woes push foreclosures to new high

    Detroit Free Press - National delinquency rates on mortgages rose in the second quarter as did the rate of loans going into foreclosure, according to a study released this morning by the Mortgage Brokers Association. The delinquency rate on residential properties was 5 ...
    2007-09-06 08:10:00

  • Bank of England holds rates steady

    Miami Herald - The Bank of England held its benchmark interest rate steady at 5.75 percent on Thursday. The decision was anticipated after weeks of turmoil in global markets. Fears over banks' exposure to the rising defaults on U.S. subprime mortgage loans have led ...
    2007-09-06 05:25:00

  • Blacks, Latinos Saddled With Higher Proportion of Costly Loans

    HispanicBusiness.com - With the subprime-mortgage collapse still shaking credit markets, a study released Wednesday found that blacks and Latinos continued to wind up with proportionally more of the high-cost loans than non-Hispanic whites last year, even if their incomes ...
    2007-09-06 07:05:00

  • Fitch Affirms $63MM & Downgrades $16.5MM from American Home 2005-SD1 ...

    Forbes - The Group 1 mortgage pool consists of fixed- and adjustable-rate mortgage loans secured by first liens on residential properties. The Group 2 mortgage pool consists of fixed-rate mortgage loans secured by second liens on residential properties. The ...
    2007-09-06 11:23:00

  • Prudential Mortgage Capital Closes $28 Million Loan for

    MSN MoneyCentral - Prudential Mortgage Capital Company, a national full-service, commercial and multifamily mortgage finance business, originates loans for Fannie Mae DUS(TM), FHA and Freddie Mac Targeted Affordable programs; the capital markets; Prudential's ...
    2007-09-06 10:04:00

  • Lehman slashes 850 jobs at mortgage group

    CNN Money - Stung by decaying credit quality, mortgage debt and investments backed by home loans have lost a lot of value in the past six weeks. Homeowners have missed payments on their loans more frequently and more than 50 lenders have gone bankrupt. Scaling ...
    2007-09-06 11:09:00

  • Countrywide falls under Bank of America deal price

    Washington Post - Countrywide made 17.4 percent of U.S. mortgage loans from January to June, according to the newsletter Inside Mortgage Finance. Analysts expect this market share to decline, perhaps significantly, over the balance of the year. (Additional reporting by ...
    2007-09-06 12:06:00

  • Pa.'s mortgage delinquencies rise in the second quarter

    Philadelphia Daily News - Like most states, Pennsylvania has been affected by the national subprime mortgage crisis. Rising default rates on these loans have led lenders to tighten their credit standards and investors to balk at buying these securities. The resulting squeeze ...
    2007-09-06 12:34:00

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