Mortgage and Financial News From 2007-9-26 Page 21
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Rate cut is mixed bag for many
Newsday - Mortgage rates track long-term Treasury bond yields, which jumped last week despite the Fed's rate cut. For savers, the best advice in a time of falling CD rates is to shop around. Some banks "are still very dependent on consumer deposits to meet ...
2007-09-26 03:28:00 -
China Vanke Shares Fall on Report of Rise in Mortgage Rates
Bloomberg - Sept. 26 (Bloomberg) -- China Vanke Co. fell the most in two weeks in Shenzhen trading after a report said the central bank may raise the interest rate on mortgage loans this week to curb rising home prices and property speculation. Vanke's stock ...
2007-09-26 12:15:00 -
U.S. Mortgage Applications Slid Last Week: MBA
CNBC - Refinancing represented 46.4% of all applications, up from 43.5% the prior week. The share of adjustable-rate mortgage loan requests fell to 12.2% from 12.6%. Fixed 30-year mortgage rates rose 9 basis points to 6.38% last week, the MBA said. The rate ...
2007-09-26 04:04:00 -
U.S. MBA's Mortgage Applications Index Decreased 2.8% Last Week
Bloomberg - Mortgage Rates The average rate on a 15-year fixed mortgage increased to 6.06 percent from 5.99 percent, while the rate on a one-year adjustable mortgage decreased to 6.09 percent from 6.39 percent. Applications to refinance loans ...
2007-09-26 04:33:00 -
U.S. MBA's Mortgage Applications Index Decreased 2.8% Last Week (Bloomberg.com)
Sept. 26 (Bloomberg) -- Mortgage applications in the U.S. fell 2.8 percent last week, led by the biggest drop in purchases since January. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan fell to 654.2 from 673.2 the prior week.
2007-09-26 04:48:13 -
Mortgage Application Volume Declines (AP via Yahoo! Finance)
Mortgage application volume declined 2.8 percent during the week ending Sept. 21, according to the Mortgage Bankers Association's weekly application survey.
2007-09-26 04:13:29 -
Mortgage application volume fell 2.8% last week (Market Watch)
CHICAGO (MarketWatch) -- The volume of mortgage loan applications filed last week decreased a seasonally adjusted 2.8%, while interest rates on fixed-rate home loans increased, the Mortgage Bankers Association reported on Wednesday.
2007-09-26 04:20:23 -
Mortgage applications slide (CNN Money)
Mortgage Bankers Association reports 2.8 percent dip as interest rates on fixed-rate mortgages climb.
2007-09-26 05:10:12 -
Enchanted Homes folds: Builder worked with Coast Bank to finish homes ...
Bradenton Herald - ... was named in a lawsuit filed in Middle District Federal Court by a New York couple who alleged the home builder was part of a home-selling scheme that constituted securities fraud. The suit also names as defendants Coast Bank and American Mortgage ...
2007-09-26 04:25:00 -
LOCAL COLUMN: Touching the future
Meadville Tribune - But this is not a column about predatory lending and mortgage fraud. This is a column about education. You see, predatory lending thrived because consumers lacked the ability to think, to analyze and to discern. They lacked those abilities because ...
2007-09-24 05:57:00 -
Pre-trial meeting called in Sterling securities fraud case
Greenville News - ... Inc., are scheduled to be in court in Lexington this morning to review pre-trial matters in Sterling's securities fraud ... Both Carolina Investors and Columbia-based HomeGold, a mortgage company, subsequently filed for bankruptcy protection. --by ...
2007-09-26 05:30:00 -
Fight against home loan frauds now!
Economic Times - In the US, the FBI recently issued a warning that mortgage fraud had reached epidemic proportions, while a recent press report in the UK said lenders there are set to lose millions of pounds on fraudulent mortgages. In India too, several cases of ...
2007-09-25 11:03:00 -
FraudBlogger Index Soars
Forbes - DALLAS, Sept. 25 /PRNewswire/ -- Monthly mortgage fraud activity soared during August, according to a new mortgage fraud index created by http://www.MortgageDaily.com and utilizing data from FraudBlogger.com -- a related comprehensive journal of ...
2007-09-25 01:45:00 -
Pre-trial meeting called in Sterling securities fraud case (The Greenville News)
Prosecutors and attorneys for John M. "Jack" Sterling Jr., former chairman of HomeGold Financial Inc., are scheduled to be in court in Lexington this morning to review pre-trial matters in Sterling's securities fraud case.
2007-09-26 05:19:06 -
Foreclosure epidemic hits Summit County with a fury
Akron Beacon Journal - The study found that Akron's already aging housing stock is being further devalued by the low sales figures made by bank and mortgage companies. The marketing by brokers of adjustable rate mortgages is largely to blame for the skyrocketing ...
2007-09-26 03:28:00