Mortgage and Financial News From 2007-10-11 Page 01

RSS Feed

Previous Day: 2007-10-10

Return to the mortgage news archive home.

  • Wheezing Beazer Gets A Break

    Forbes - While the central bank seems to have been successful in that effort, it came at the cost of creating a housing bubble based on low interest rates, which sent home prices soaring. That encouraged mortgage lenders to keep finding new borrowers ...
    2007-10-11 04:39:00
  • National Association of Realtors(R) Revised 2007-2008 Statistical ...

    Forbes - In addition to NAR's own existing-home sales and Pending Home Sales Index, other indicators such as new-home sales, housing starts, mortgage interest rates, employment, Gross Domestic Product and the Consumer Price Index are monitored by the Research ...
    2007-10-11 09:15:00
  • Putting a freeze on your credit

    CNN Money - The Internet home of: ... Then if you want to apply for a car loan, or a mortgage, or even a credit card, you ... process so you'll only have to go to one place and you'll likely see lower rates ...
    2007-10-11 10:41:00
  • US foreclosures double in September

    MSN MoneyCentral - US home foreclosure filings doubled last month from a year ago and the nation's biggest mortgage lender said late payments rose, suggesting the US mortgage crisis is not ... borrowers being unable to make payments after their initially low interest rates ...
    2007-10-11 09:11:00
  • Caught in a rate trap

    St. Petersburg Times - We had an aggressive home-mortgage industry trying to get people into homes they couldn't afford at a time when home prices were ... Seven of the 10 large metro areas now struggling with the highest foreclosure rates - including Miami, Detroit and Las ...
    2007-10-11 10:01:00
  • Bank of Japan holds rates steady

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics World Americas ... in the U.S., Japan's major export partner, where problems in the subprime mortgage ... The BOJ last hiked rates in February. The central bank said the economy was ...
    2007-10-11 03:53:00
  • Lender's fundings fall, may be probed

    The Washington Times - Travel Civil War Obituaries Friday Home Guide Auto Weekend Employment Tourist Guide ... NEW YORK (AP) — Countrywide Financial Corp. said yesterday its mortgage fundings ... During the past few months, rising delinquency and default rates have caused ...
    2007-10-11 09:26:00
  • Credit panic will hurt minorities - Countrywide CEO

    Reuters India - LOS ANGELES (Reuters) - Gaps in home ownership rates between minorities and whites will increase because of a change in the U.S. mortgage industry, caused by a credit panic, the chief executive of Countrywide Financial Corp, the largest U.S. mortgage ...
    2007-10-11 06:27:00
  • N.Z. August Retail Sales Rise Less-Than-Expected 0.2% (Update3)

    Bloomberg - Home-loan interest rates are rising, crimping disposable income. The average interest rate on a two-year mortgage was 9.2 percent in August compared with 8.8 percent in May, according to the central bank. So-called core retail sales rose ...
    2007-10-11 09:26:00
  • China's Stock Index Falls Most in a Month; Vanke, Banks Drop

    Bloomberg - Rising rates can increase mortgage costs, curbing demand for loans and dampening property sales. Merchants Bank, China's fourth-largest by mark value, fell 2.75 yuan, or 6.4 percent, to 40. China Minsheng Banking Corp., the nation's first ...
    2007-10-11 10:37:00
  • Home Foreclosures Doubled in September on Loan Rates (Update2) (Bloomberg.com)

    Oct. 11 (Bloomberg) -- U.S. home foreclosures doubled in September from a year earlier as subprime borrowers struggled to make payments on their adjustable-rate mortgages, RealtyTrac Inc. said.
    2007-10-11 07:10:35
  • Forex - Dollar Mixed In Mid-Day Dealing Versus Majors; Lowest Since ...

    RTT News - Lowest Since 1976 Versus Loonie [EUR/USD] 10/11/2007 11:55:44 AM The dollar saw ... was mainly due to the past five-interest rate hikes and tightening in the mortgage ... The pair moved as expected the Bank of Japan on Thursday held interest rates ...
    2007-10-11 08:54:00
  • Business Minute: Stocks rise...Retail lackluster...Foreclosures double ...

    Idaho8.com - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money ... WASHINGTON (AP) - The Commerce Department says the August trade deficit fell to the lowest level in seven months. The ...
    2007-10-11 06:52:00
  • USD eased against a number of majors in an overall mixed session

    FXStreet.com - The Japanese Yen (JPY) saw the BoJ keep rates unchanged at 0.5%, leaving it at the lowest level of all the industrialized nations. ... Treasury had extended a loan facility to Northern Rock Plc, the fourth larges mortgage lender which was ...
    2007-10-11 09:11:00
  • Commentary: The 4 big rustlers on the mortgage ranch and how to corral ...

    Marketwatch - ... in the subprime market but there was a laissez-faire mentality throughout the mortgage ... they'd rain on the parade and seem opposed to promoting higher homeownership rates. And they wonder why the Congress they now control has one of the lowest ...
    2007-10-11 04:18:00