Mortgage and Financial News From 2007-9-14 Page 21
Previous Day: 2007-09-13
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Jobless Claims Up for 6th Time in 7 Weeks
Fort Lauderdale Sun-Sentinel - The surprisingly bad report increased worries that the current economic recovery, now in its sixth year, could be in danger ... The gain was attributed in part to an announcement that Countrywide Financial Corp., the country's biggest mortgage lender ...
2007-09-13 04:44:00 -
Countrywide Financial sees deals fall by 17pc
Daily Telegraph - The business, run by chief executive Angelo Mozilo, also revealed average daily mortgage application rates for August dropped 12pc ... The seeds of the current crisis were planted last autumn, as sub-prime borrowers began to default as they realised ...
2007-09-13 06:53:00 -
Euroshares seen lower as Wall St gains already priced in; ahead of US ...
Forbes - ... DJIA ended 133.23 points higher at 13,424.88, with strong gains seen from mortgage ... 894.40, a new all-time high, amid growing optimism of a cut in US interest rates ... The US current account deficit during the second quarter is expected to have ...
2007-09-14 12:22:00 -
Homebuyers pay price for soaring Libor
Financial Times - Variable mortgage rates are priced according to the short-term London interbank offered rate – the rate at ... As it looks as though we are nearing the top of the current rate cycle, if interest rates are reduced those on trackers would benefit.
2007-09-13 07:43:00 -
30-year mortgage rates lowest in four months
Lansing State Journal - 30-year mortgage rates lowest in four months Martin Crutsinger Associated Press WASHINGTON - Rates on 30-year mortgages dropped ... If he missed it, then it should be a warning to the current regulators about the depth of this crisis." Greenspan, who ran ...
2007-09-14 12:58:00 -
GREENSPAN'S SUBPRIME SLIP
National Post - The rate has since been cranked up to 5.25%, leading to huge squeezes in U.S. credit and mortgage markets, and putting pressure on the current Fed chairman, Ben Bernanke, to trim lending rates to help keep the country from sliding into a recession. ...
2007-09-14 12:08:00 -
Dollar steady after hitting lows
BBC Business - ... the euro, ahead of US data that is expected to give hints on how deep the current ... weakened this week amid beliefs the US Federal Reserve will cut interest rates to ... in the number of people defaulting on loans, especially in the sub-prime mortgage ...
2007-09-14 01:12:00 -
Bank of England in dramatic intervention
Guardian Unlimited - ... was last night forced to hand emergency funding to one of Britain's biggest mortgage ... I don't think customers of Northern Rock should be worried about their current ... month, banks have become wary of lending to each other, and the interest rates ...
2007-09-14 01:05:00 -
Bank of England Lends Northern Rock Emergency Funds (Update2)
Bloomberg - ... emergency funding to Northern Rock Plc after fallout from U.S. subprime mortgage ... The move will ``help Northern Rock to fund its operations during the current period ... Gordon & Co., who has a ``sell'' rating on the stock. ``Punitive borrowing rates ...
2007-09-14 12:43:00 -
BREATHING ROOM
New York Post - ... declined to reveal details about who provided the new debt and what the terms and interest rates are. ... The company expects that it will be a long-term beneficiary of the current conditions and corrections in the mortgage industry," Countrywide ...
2007-09-14 01:34:00 -
Greenspan says he didn't see extent of mortgage risk
Baltimore Sun - ... was aware of "subprime" lending practices, where homebuyers got low initial rates ... A meltdown in the subprime mortgage market has rocked Wall Street. Foreclosures and ... would have acted more aggressively than Bernanke in dealing with the current ...
2007-09-14 12:15:00 -
No immediate ratings impact for Victoria Mortgage-backed RMBS deals ...
Forbes - ... no immediate impact on the ratings of residential mortgage-backed ... Given the current market conditions that have resulted in non-conforming lenders withdrawing riskier lending products, rising loan rates and tightening lending criteria, borrowers may ...
2007-09-14 12:58:00 -
Halifax ups mortgage rate as credit squeeze bites (ShareCast)
LONDON (SHARECAST) - HBOS subsidiary Halifax, the UK's biggest mortgage lender, has upped some of its mortgage rates following the squeeze on wholesale borrowing costs sparked by the US sub-prime crisis.
2007-09-13 08:47:21 -
Halifax ups mortgage rate as credit squeeze bites (ShareCast via Yahoo! UK & Ireland Finance)
HBOS subsidiary Halifax, the UK's biggest mortgage lender, has upped some of its mortgage rates following the squeeze on wholesale borrowing costs sparked by the US sub-prime crisis.
2007-09-13 08:50:05 -
Rise in State's Foreclosure Rates Has Michigan Mortgage Lenders Association Out in Front (PR Newswire via Yahoo! Finance)
The Michigan Mortgage Lenders Association announced today that it is positioning itself as the "go-to" media source for mortgage and foreclosure-related stories in Michigan. MMLA's Director of Development Murray Brown made the announcement.
2007-09-13 11:28:00