Mortgage and Financial News From 2007-9-14 Page 22
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Woolwich mortgage will protect against rates (Daily Telegraph)
The Woolwich launched a market-leading 10-year fixed rate mortgage on Thursday for people who want to shield themselves from interest rate volatility.
2007-09-13 04:31:02 -
30-year mortgage rates lowest in four months (Lansing State Journal)
WASHINGTON - Rates on 30-year mortgages dropped this week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages.
2007-09-14 01:32:33 -
Playing the rate game
Cape Cod Times - Will home prices fall even further in the next few months, making it harder to refinance? Will you be out of a job in six months or so — again making it far harder to refinance? Will the mortgage reset and then make it harder for you to pay your ...
2007-09-13 10:27:00 -
Homeowners feel the pain of contracting market
Baltimore Sun - Although home selling normally slows at the end of the summer, before kicking back into gear for the fall market, the turn ... Many may be unable to refinance (because their credit scores aren't good enough to qualify for a good rate) or find that their ...
2007-09-14 12:15:00 -
Countrywide lines up $12 billion in loans
International Herald Tribune - The association's index of applications to buy a home or refinance a loan rose 5.5 percent last week. Some economists say the report overstates activity because the survey only includes retail lenders, which have probably seen an increase in business ...
2007-09-14 12:43:00 -
Australian Stocks Climb, Led by BHP, Santos; Macquarie Advances
Bloomberg - Rams Home Loans Group Ltd. (RHG AU), which last month failed to refinance A$6.18 billion of short-term debt, added 10 cents, or 14 percent, to 81 cents. Merrill Lynch & Co. rated the stock a ``buy'' in new coverage, because of the value of its loan ...
2007-09-13 11:46:00 -
Singapore's Home Prices Backed by Growth, Tai Says (Update1)
Bloomberg - Singapore's Home Prices Backed by Growth, Tai Says (Update1) By Jean Chua Sept. 14 (Bloomberg) -- Singapore's property ... the situation in the U.S., where the Federal Reserve creates or manufactures a housing bubble, inducing people to refinance ...
2007-09-13 11:39:00 -
Macquarie Bank Forecasts Record First-Half Earnings (Update9)
Bloomberg - Australia's four biggest banks were forced last week to provide more than A$10 billion of funding to affiliates that were unable to refinance debt because of the U.S. mortgage rout. ``From an investment banking group and European perspective ...
2007-09-13 11:53:00 -
Is Your Home A Tax Trap?
BusinessWeek - In general, the IRS lets you deduct 100% of the interest you pay on one or more home mortgages, up to a total loan value of $1 million. But when you refinance and withdraw cash, the rules change: Only the interest on your original mortgage balance ...
2007-09-13 09:01:00 -
Yen Gains on Report U.K. Home Lender Sought Emergency Funding (Bloomberg.com)
Sept. 14 (Bloomberg) -- The yen gained against the dollar, euro and pound after the British Broadcasting Corp. reported U.K. home lender Northern Rock Plc applied for emergency funding from the Bank of England, spurring investors to repay loans in Japan.
2007-09-13 03:49:33 -
Jobless claims rise by 4,000
Denver Post - ... seven weeks and was a further sign that the economy is feeling the impact of a steep slump in housing and a spreading credit ... In other bad news, the number of jobs created in June and July was trimmed by 81,000, indicating the labor market was not ...
2007-09-13 03:25:00 -
Target's Credit-Card Sale: Bad Timing?
BusinessWeek - At the same time, the turmoil in the overall credit market sparked by the subprime mortgage meltdown will dampen what potential buyers are ... Since February, 2006, when bad credit-card debt bottomed for most major issuers, Target's troubled accounts ...
2007-09-13 12:55:00 -
Small businesses see signs that credit is harder to come by
Times and Democrat - ... have imposed more stringent requirements in recent months, the likely result of an overall shrinking of credit amid a continuum of mortgage ... re just really tightening the belts out there," she said. "I hate to see what they do when people are bad ...
2007-09-13 11:10:00 -
Inside Entrepreneurship: Before starting up, clean up that credit
Seattle Post Intelligencer - Young people who have credit problems most likely made a series of bad money management decisions. This history doesn't set them up well for ... They should also retire all personal, non-mortgage debt. This helps entrepreneurs of any age resist the ...
2007-09-13 01:59:00 -
Pound Falls on Report U.K. Home Lender Sought Emergency Funding
Bloomberg - ... weekly loss versus 15 out of 16 most- active currencies on speculation the credit ... Sales of investment trust funds are not so bad,'' said Kei Katayama, who helps ... versus the yen on speculation the U.S. economy is resilient to the subprime-mortgage ...
2007-09-13 10:56:00