Mortgage and Financial News From 2007-9-8 Page 16
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Likelihood of Fed rate cut less clear (Lexington Herald-Leader)
The arrival of September was supposed to bring more clarity to the economic impact of the current credit crisis. Instead, each new bit of data coming out seems to be creating more confusion. The first labor market contraction in four years, as revealed Friday in a weaker-than-expected jobs report, shows that the housing and mortgage collapse is putting some strain on the economy. And the ...
2007-09-07 09:29:01 -
Bad News Puts Political Glare Onto Economy (New York Times)
The White House and the Federal Reserve are likely to come under increasing pressure now that turmoil in the financial markets appears to be spreading to the wider economy.
2007-09-07 07:08:05 -
Bad news puts political glare onto economy (International Herald Tribune)
The Federal Reserve could feel more political pressure to cut interest rates than it has since the early 1990s.
2007-09-07 09:43:58 -
Laurentian Bank of Canada reports strong net income of $23.2 million ...
CNW Group - ... improved to -$7.6 million (representing -0.05% of total loans, bankers' acceptances and assets purchased under reverse ... 585 7,025 560 Commercial mortgages increased by $11.9 million for the nine-month period ended July ...
2007-09-06 06:36:00 -
united states: Analysts mull contagion from property market woes
Monday Morning - With many consumers having a harder time getting mortgages or coping with higher payments from their adjustable rate mortgages ... Despite interventions by the US Federal Reserve which appeared to reverse heavy selling pressure over the collapsing housing ...
2007-09-07 12:12:00 -
Mortgage Lenders Tighten Safety Belts CHICAGO -- Driven to act by the ...
dBusinessNews.com - ... 2006 to July 2007, Mintel Comperemedia(1) observed a 70% decline in the number of unpredictable adjustable-rate mortgages promoted through direct mail. More reliable fixed rate offers grew 6% during the same period. This marks a complete reverse in ...
2007-09-05 11:13:00 -
Ohio can’t reverse every bad decision
Salem News Online - Ohio can’t reverse every bad decision Ohio is among states hit hardest by the bursting bubble of adjustable-rate mortgage ... Ohio has the nation’s third-highest rate of foreclosures on home mortgages. That is an indication that many Buckeye State ...
2007-09-07 10:39:00 -
Feds deny insurance to 70,000 NY kids
Newsday - Eliot Spitzer Friday threatened to sue the Bush administration to reverse its rejection of his proposed SCHIP health ... too limiting for high-cost regions of the nation like Long Island and New York City, where $2,000 rents and $400,000 mortgages ...
2007-09-07 11:57:00 -
Pound Shows Weekly Fall Against Euro on View Rates Have Peaked
Bloomberg - ... benchmark rates on hold on Sept. 6 as they assess the effect on their economies of losses linked to U.S. subprime mortgages ... decline in three months against the yen in August as concern over the financial-market rout forced investors to reverse so ...
2007-09-08 12:43:00 -
Spitzer: Move hurts uninsured kids (Newsday)
Gov. Eliot Spitzer Friday threatened to sue the Bush administration to reverse its rejection of his proposed SCHIP health insurance program expansion, saying the rejection would leave too many children uncovered.
2007-09-07 08:45:41 -
Read fine print before opting for reverse mortgage (Pittsburgh Post-Gazette)
Cash-challenged seniors who want to stay in their own homes have kept reverse mortgages high on the public radar. ...
2007-09-07 10:32:12 -
Which Came First: California Or Subprime?
Forbes - The rate of mortgages going into foreclosure hit a record in the second quarter, the Mortgage Bankers Association said Thursday, but it took pains to say that the numbers were skewed by four large states, and that outside of them, the situation is ...
2007-09-05 05:58:00 -
Risky loans rock area: Metro Detroit is No. 1 in subprime mortgages
Detroit News - Metro Detroit is No. 1 in subprime mortgages High-interest loans tied to growing foreclosure rate Ron French / The Detroit News ... Laredo, Texas, had the second-worst rate, at 52 percent. The news is even worse in Wayne County, where nearly two of three ...
2007-09-08 12:08:00 -
China plans record IPO for second year (Daily Telegraph)
CHINA is likely to host the world's biggest initial public offering (IPO) for the second year in a row, after
2007-09-07 07:05:12 -
Pa.'s Mortgage Delinquencies Rise In Second Quarter (WJAC 6 Johnstown)
Delinquency rates on residential mortgages rose in Pennsylvania in the second quarter. The Mortgage Bankers Association said it's propelled by a sharp increase in late payments by homeowners with spotty credit histories.
2007-09-07 07:58:15