Mortgage and Financial News From 2007-10-1 Page 12

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  • Oxford Funding Gets Spotlight In Local Business Papers

    Forbes - Stuart Turnbull, professor of finance at the University of Houston, said that if interest rates decline too much and home ... way for two to three years as adjustable-rate mortgages made in the last two years reset and borrowers struggle to refinance. ...
    2007-10-01 08:09:00

  • Home "flippers" were

    Lucianne.com - Home "flippers" were following American Dream Reuters, by Lynn Adler Original Article Posted By: NorthernDog , 10/1/2007 7:49 ... Who is going to pay me back all the interest I have paid since my last refinance, which was above the low teaser rates of the ...
    2007-10-01 07:26:00

  • Miners set positive pace, but key index marks time

    Age - Also among yesterday's losers were ANZ, Australia's third-biggest lender, which lost 9¢ to $29.61, and Rams Home Loans, the Sydney-based lender that failed to refinance $6.18 billion of short-term debt in the US in August. It fell 2.5¢ to 85¢. A ...
    2007-10-01 01:09:00

  • The next bubble is in employment – the effects can be devastating

    India Daily - Higher gas prices, lower home values and difficulty in obtaining home refinance cash is making people avoid spending. There will be no recession right now but there is definitely the smell of stagnation. The businesses will cut cost bt eliminating ...
    2007-09-30 09:39:00

  • Analysts are not so sweet on Tate & Lyle

    Times Online - ... decision on interest rates on Thursday and hopes of a cut helped Persimmon , the housebuilder, to rise 28p to 992p. Home ... Bradford & Bingley was the worst performer of the mid-caps, down 18¾p to 284¼p amid concerns over how it will refinance its ...
    2007-10-01 01:31:00

  • Equity loan carries higher rate (Bankrate.com via Yahoo! Finance)

    When considering home equity loan, HELOC, or refinance, take into account the purpose of the money, says Dr. Don.
    2007-10-01 03:00:00

  • Give yourself some credit

    Daily News - ... lenders can determine whether they are likely to reliably repay the loan or mortgage. — Purchasing Insurance: Most insurers use credit ... By contacting your creditors as soon as problems arise, you might avoid a “Bad Debt” report to the credit ...
    2007-10-01 10:25:00

  • Swiss bank Credit Suisse sees 3Q profit despite market turmoil

    MSN UK News - Major Swiss bank Credit Suisse said Monday that it expects to report a third ... UBS AG said it would have a loss for the quarter because of the subprime mortgage ... Bad week? is our round-up of who had a week to remember and who had seven days ...
    2007-10-01 02:54:00

  • Praying for lower rates and a refinance party

    Boston Online - Mortgage rates are about the same, just under 6.5 percent, but the ultra-indicator ... or unnecessary or both; pulling down are those concerned that the housing/credit ... There is nothing new in this housing episode, not even bad mortgages (the FHA ...
    2007-10-01 07:18:00

  • UBS to write down billions

    MSN UK News - ... and slashed jobs in one of the biggest casualties yet from the worldwide credit ... This is clearly not good news and adds to the catalogue of bad news that UBS has ... A meltdown in the U.S. subprime mortgage market, sparked by growing defaults on ...
    2007-10-01 09:27:00

  • UBS Credit-Default Swaps Rise After Loss, Subprime Writedowns

    Bloomberg - ... rose after Europe's biggest bank reported a third-quarter loss and said it was writing down the value of its mortgage ... Alexander Plenk, a credit analyst at UniCredit SpA in Munich, said today in a note to investors. ``This is bad news for credit ...
    2007-10-01 02:54:00

  • Euroshares close up; Dow shrugs off Citigroup, UBS 3Q woes UPDATE

    Forbes - ... gloom after a hat-trick of profit warnings from Citigroup , UBS and Credit Suisse gave way to hopes of a new US rate cut, and as dealers said they are confident the bad news ... Ten years to the day after it was demutualised, shares in the UK mortgage ...
    2007-10-01 10:25:00

  • Why The Fed's Cut Won't Spark Inflation

    BusinessWeek - Housing woes, tighter credit, and a softer labor market should douse it Did the Federal Reserve do a good thing or a bad thing? Wall Street and bourses around the world ... home prices that are falling, and the impact is hammering prices of mortgage ...
    2007-10-01 10:46:00

  • Long road to recovery for housing market: Greenspan

    Reuters - ... has a long way to go before stabilizing after the subprime crisis, spelling bad ... Greenspan, who has been outspoken throughout the credit crunch, said more house ... The U.S. housing market remains extremely fragile after a crisis in low-end mortgage ...
    2007-10-01 12:33:00

  • More banks could join the red-flag parade

    CNN Money - After warnings by Citi and UBS, JPMorgan and others could follow with bad news ... could fall 60 percent because of its exposure to subprime-backed mortgage securities. ... made a killing slicing up bonds backed by home loans to borrowers with poor credit ...
    2007-10-01 12:41:00

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