Mortgage and Financial News From 2007-10-29 Page 01

RSS Feed

Previous Day: 2007-10-28

Return to the mortgage news archive home.

  • I'm an Ipod and it's nothing to sing about

    Daily Telegraph - ... to get a place that's a patch on the flats I've been renting, I'll need a mortgage of ... called Northern Rock was significantly undervalued in the wake of the credit crunch ... If things aren't bad enough for us Ipods, we also have to deal with Skiing ...
    2007-10-29 07:17:00
  • Market report: Soaring metals buoy miners

    Daily Telegraph - ... session for the home-builders after the Council of Mortgage Lenders warned that house price inflation could slow to as little as 1pc next year because of higher interest rates and the credit ... Iain Ferguson has already kitchen-sinked all the bad news ...
    2007-10-29 07:38:00
  • UBS warns over further writedowns

    Financial Times - ... of securities exposed to the US housing and mortgage ... the complex markets for subprime securities and credit derivatives than it initially estimated. Analysts warned UBS’s statement implied it was preparing the ground for further possible bad ...
    2007-10-29 03:42:00
  • Neighbor shouldn't share well without legal contract

    Boston Online - Third, it makes no sense to me that a subprime mortgage for people with bad credit would be lower than a loan for people with good credit like you and your husband. My strong suggestion: Get a second opinion from another mortgage lender. Something ...
    2007-10-29 12:22:00
  • Time to Buy Financial Stocks?

    BusinessWeek - ... with credit losses, mortgage ... from bad to even worse. The recent troubles at Merrill Lynch give an idea. At first, the U.S.'s largest brokerage said it expected $5.5 billion in losses in the quarter from losses in mortgage-backed debt and other credit ...
    2007-10-29 03:42:00
  • Bank of Japan to forego hike amid US credit, housing uncertainty ...

    FXStreet.com - The availability of certain mortgage products such as jumbo loans or loans of over 417,000 US ... relatively firm consumer spending in the US, thereby causing bigger problems on the credit market and prolonging the process of resolving the bad debt ...
    2007-10-29 07:24:00
  • Merrill Lynch, the firm lost $8bn and the chief executive had to go ...

    Guardian Unlimited - ... high as $159m (£77m) after a risky strategy of betting billions on American mortgage ... culture and was far from straightforward when the bank's hefty punts on the credit ... Not bad for a man who grew up in a one-room wooden farmhouse. "It's pretty cool ...
    2007-10-29 08:36:00
  • Goldman CEO Sees Regulatory Action on Subprime Crisis (Update3)

    Bloomberg - ... he's concerned about the potential regulatory response to the U.S. subprime mortgage ... The U.S. housing recession, and the shakeout in credit markets it triggered, caused ... largest financial institutions more than $30 billion in writedowns and bad debt ...
    2007-10-29 11:27:00
  • (AFX UK Focus) 2007-10-30 02:14 GMT: Bank of Japan to forego hike amid US credit, housing uncertainty - analysts (Interactive Investor)

    TOKYO (Thomson Financial) - The Bank of Japan (BoJ) is expected to forego hiking interest rates at its one-day policy meeting on Wednesday due to uncertainty about the housing and credit markets in the US and its implications for global financial markets and the global economy, analysts said Tuesday.
    2007-10-29 07:39:15
  • 'Subprime' curse hits Merrill hard (The Star-Ledger)

    BY JOSEPH R. PERONEMerrill Lynch Chief Executive Stan O'Neal is expected to lose his job soon, according to published reports, becoming the latest casualty of the "subprime" mortgage debacle and the resulting squeeze play in credit markets around the world.
    2007-10-29 11:10:22
  • Buy-to-let for those who can't pay debts (BBC News)

    Why are some lenders prepared to offer buy-to-let mortgages to people with bad credit histories?
    2007-10-29 06:13:08
  • 6 Steps to Establishing Good Credit History (WFMJ Youngstown)

    In today's tight credit market, the idea of having no credit history can be enough to give a person nightmares. But fear not -- it is possible to establish solid credit that will keep bad dreams at bay.
    2007-10-29 06:22:55
  • Repossessions 'to jump 75% as the homes crisis bites'

    This is London - ... predictions came on a day Bank of England figures provided new evidence that the housing market is seeing a sharp reverse. ... property market is reeling from five increases in the Bank of England base rate in a year - which have pushed up mortgages ...
    2007-10-29 05:29:00
  • Merrill likely to dump CEO over massive losses

    The Australian - But some executives believe Merrill should, at least partly, reverse the expansion of risk-taking seen under Mr O'Neal. ... the growth of its business packaging US home loans into securities left it overexposed to the problems in sub-prime mortgages ...
    2007-10-29 09:04:00
  • Repossessions 'to jump 75% as the homes crisis bites' (Evening Standard)

    House repossessions will rise by 75 per cent this year, ahead of the worst property crisis for a decade, say mortgage lenders.
    2007-10-29 05:29:29