Mortgage and Financial News From 2007-9-22 Page 01
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Gulf Counters M&A Slowdown With $25 Billion of Deals (Update1)
Bloomberg - The rate fell to 5.21 percent yesterday after the Federal Reserve reduced interest rates for the first time in four years ... The value of deals dropped after losses in subprime mortgage bonds contaminated debt markets, prompting a sudden increase in ...
2007-09-20 11:52:00 -
How to keep your home
Bedford Times-Mail - How to keep your home Foreclosures, mortgage fraud affect all Hoosier taxpayers, not just troubled ... Foreclosures and mortgage fraud affect anyone who pays property taxes — not ... Beware of teaser rates that start out low, but will jump up after a period ...
2007-09-22 08:22:00 -
Experts: Mortgage crisis yet to reverberate in FD area
Fort Dodge Messenger - A wave of home mortgage foreclosures in the United States has yet to ripple the Fort Dodge area, according to sources ... The decrease in interest rates could spur further home buying, Ball said. “It will take time for the effect to be felt here,” she ...
2007-09-22 08:44:00 -
Reverse mortgage may prove wiser than annuities for some
Memphis Commercial Appeal - Dear Bruce: I need help. I am a 75-year-old widow with little income. My modest home is paid for. I have $40,000 in CDs, but interest rates are dropping to the point where I can't live on the small checks anymore. I have had several salesmen trying ...
2007-09-22 09:55:00 -
Preparation Can Make A 2nd Home Possible
Washington Post - Like many people approaching retirement, Kathryn Scruggs and her husband dream of a second home in which to ... Beyond that, given the tax deductibility of mortgage interest and the current rates, they would probably earn more by leaving their money in ...
2007-09-22 09:48:00 -
Stock rally takes a break as slow economic growth seen
New York Daily News - ... at a slower pace in coming months but may get a boost from lower interest rates ... Also, the Labor Department said jobless claims declined to the lowest level in ... Goldman said it "more than offset" losses from mortgage assets and leveraged-buyout ...
2007-09-20 11:59:00 -
Samuelson: Was Bernanke's Rate Cut the Right Decision?
MSNBC - ... new building permits are at their lowest point since 1995. Fear of recession is in the air. In August, payroll employment dropped. ... But the "subprime" mortgage crisis has ...
2007-09-22 02:10:00 -
Mortgage troubles are here to stay
Minneapolis Star Tribune - ... mortgage lenders relaxed their lending guidelines and underwriting standards in order to increase homeownership rates and mortgage ... Even though Carver County had the lowest percentage among the 11 counties in 2006, it was a shocking number considering ...
2007-09-21 05:53:00 -
Mortgage troubles are here to stay (Minneapolis-St. Paul Star Tribune)
The number of homeowners who are carrying the riskiest type of mortgages more than doubled over the past three years in the Twin Cities area. The increases weren't just in low-income communities. The percentage of subprime mortgages grew rapidly in wealthier areas, too. Sparsely populated Isanti County in the far north metro area had the 11-county area's highest percentage of subprime mortgages ...
2007-09-22 08:13:03 -
The Federal Reserve's effect on mortgage rates (The Advocate)
The Federal Open Market Committee decided Tuesday to lower its target for the federal funds rate to 4.75 percent. Now, some economists are predicting a string of rate cuts will follow to calm financial markets and keep the worst slump in housing in 16 years from pushing the country into a recession.
2007-09-22 04:02:39 -
Demand for loans remains high
Guardian Unlimited - Mortgage lending has remained strong despite problems in the credit markets, a series of data from various trade bodies showed yesterday. The British Bankers' Association reported that mortgage lending rose by £6.1bn last month, stronger than the ...
2007-09-20 11:59:00 -
HSBC Finance mortgage-lending unit to close
AZCentral.com - London's HSBC Finance Corp. is closing a non-prime mortgage-lending unit, affecting an undisclosed number of jobs at an office ... Decision One focused on non-conforming loans, including those extended to self-employed people. The company lent on terms ...
2007-09-22 07:54:00 -
Coming Clean On Northern Rock
Time - The Newcastle-based bank — Britain's fifth-largest mortgage provider — leaned heavily on wholesale money markets to fund its own mortgage loans. When those inter-bank markets started to freeze up in recent weeks amid a global credit squeeze ...
2007-09-22 10:07:00 -
Debt Consolidation Ads Won't Solve Your Financial Crunch
Think & Ask - 22 September 2007 Turn your loan into profits and congressional lobbying fees for the lenders' shareholders. If you've seen the number of advertisements for debt consolidation loans and mortgage loans on Yahoo! in September 2007, one might assume ...
2007-09-22 09:45:00 -
Housing mortgage loans face rising risks
China Daily - China's commercial banks are entering a high risk period for increasing housing mortgage loans, according to a report released by the China Construction Bank (CCB), the country's second largest commercial lender. China's banks could face a rapid rise ...
2007-09-19 05:55:00