Mortgage and Financial News From 2009-9-17 Page 01
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ANZ announces fees shake-up - ninemsn
ANZ Banking Group has followed its three rivals in reducing some fees on personal accounts but will abolish exception fees altogether only for recipients of government benefits. ANZ said it would scrap dishonour, overdrawn, late payment and over ...
2009-09-17 10:13:00 -
Credit rating agency rules shakeup unveiled - New Zealand Herald
The credit rating agencies have been criticized for failing to identify risks in securities backed by subprime mortgages. They had to downgrade thousands of the securities last year as home-loan delinquencies soared and the value of those investments ...
2009-09-17 10:06:00 -
US net worth grows for first time since ‘07 - KHOU
WASHINGTON -- For the first time in two years, Americans actually got a little wealthier. Household wealth grew by $2 trillion, or about 4 percent, this spring, ending the longest stretch of quarterly declines on records dating back to 1952, the ...
2009-09-17 09:59:00 -
Freddie Mac: Fixed mortgage rates decline again - Marketwatch
NEW YORK (MarketWatch) -- The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 5.04% in the week ending Thursday, down from last week's 5.07% and the year-ago 5.78%, according to Freddie Mac's weekly survey. The 15 ...
2009-09-17 09:06:00 -
Global Warning - City Journal
Global WarningCity JournalOfficials tried, assuming that the impossibly high interest rates that the market was demanding to hold its banks' debt would come down and meet the lower ...
2009-09-17 07:40:41 -
Mortgage Rate Nearer to 5% - Wall Street Journal
Mortgage Rate Nearer to 5%Wall Street JournalWASHINGTON -- Home-mortgage rates fell again this week, remaining at three-month lows, with the average rate on 30-year, fixed-rate mortgages retreating ...and more »
2009-09-17 08:24:29 -
Terence Corcoran: Markets are mad, long live markets - National Post
Terence Corcoran: Markets are mad, long live marketsNational PostWith Canadian interest rates set at record low levels, home buyers are taking advantage of the market opportunity. Housing sales are jumping and bidding ...
2009-09-17 08:46:30 -
Home Loan Affordability Deteriorates To Record Worst In 2009 - Voxy
Home Loan Affordability Deteriorates To Record Worst In 2009Voxy"Affordability has decreased significantly in the last month because longer term fixed mortgage rates, house prices and incomes have all moved against home ...and more »
2009-09-17 08:58:04 -
Declaring war on rates - Stuff.co.nz
Declaring war on ratesStuff.co.nzIn the past couple of weeks we have seen a number of lenders chop their variable rates to historical lows. Home owners and property investors will be ...and more »
2009-09-17 09:13:07 -
Free Online Credit Counseling – Who Does it Benefit Most? - Article Maniac
Free Online Credit Counseling – Who Does it Benefit Most?Article ManiacWhether it is a home mortgage, credit card, car loan, or student loan, Americans generally carry some sort of debt. With all the talk about credit ...and more »
2009-09-17 09:53:27 -
Enter the Financial Frontier of Ignorance and Kiss Your Asset ... - HULIQ
Enter the Financial Frontier of Ignorance and Kiss Your Asset ...HULIQThese usually safe, tax-exempt investments have become unlikely victims of the subprime mortgage fallout. The problem started early in 2008, when the bond ...
2009-09-17 10:15:54 -
Homes slow, median price falls in August - San Francisco Chronicle
Homes slow, median price falls in AugustSan Francisco ChronicleInstead, Spencer has noticed an increase in short sales, in which the owner sells a home for less than the outstanding balance on the loan and the mortgage ...and more »
2009-09-17 10:30:57 -
Heads Up | Household wealth grows a bit; mortgage rates fall - Kansas City Star
Heads Up | Household wealth grows a bit; mortgage rates fallKansas City StarRates for 30-year fixed home loans fell for the third consecutive week amid signs the housing market may be stabilizing and the recession is over. ...
2009-09-17 10:39:06 -
Mortgage rates drop to 5.04 percent - Inside Bay Area
WASHINGTON — Rates for 30-year home loans edged down for the third-straight week and are close to record lows reached over the spring, providing an excellent opportunity for borrowers to save money by refinancing their home loans. The average rate ...
2009-09-17 05:41:00 -
SEC proposes new rules for credit rating firms - Los Angeles Times
WASHINGTON -- Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating companies. They also proposed banning "flash orders," which give some traders a split-second edge in buying or ...
2009-09-17 05:41:00