Mortgage and Financial News From 2007-9-8 Page 17
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How to Find the Best Loan Deals
US News and World Report - ... ranging from 5 to 8.5 percent, private or alternative loans typically have interest ... home may find, however, that the tax benefits make taking out a second mortgage less ... If your school allows you to shop (only about 20 percent of schools borrow ...
2007-09-07 11:57:00 -
Fed ready to act against ‘tail risk’
Financial Times - ... surprisingly weak US jobs report, the market is convinced that the Federal Reserve will cut interest rates on September 18. The only question ... commercial paper market, and the difficulty of pricing structured credit products means the price of mortgage ...
2007-09-07 01:38:00 -
Cousins unit reports $136M loan
MSN MoneyCentral - Cousins Properties Inc. affiliate 250 Williams Street LLC has inked a $136 million commercial-mortgage-backed-securities ... Payments are due monthly, with interest only due through Sept. 1, 2011, and principal and interest due monthly thereafter based ...
2007-09-07 12:05:00 -
Call Centers Booming in Caribbean
Chicago Tribune - The Caribbean has taken only a tiny share of the market from still-hot India and the Philippines, but the impact is huge on islands with tiny populations, said Philip Cohen, an industry consultant based in Sweden. In Montego Bay, a resort area on ...
2007-09-05 05:58:00 -
Options on Two-Year Interest-Rate Swaps `Expensive,' UBS Says
Bloomberg - In the past five years, the gap, or spread, has only reached its August level twice, in June ... should sell so-called swaptions on two-year maturities, which have gained in value as interest-rate volatility climbed amid losses in subprime mortgage ...
2007-09-07 12:05:00 -
No Relief for Those Caught in Mortgage Mess
WTOP Radio - ROCKVILLE, Md. - How about a mortgage that lets you pay below interest-only? It's not illegal, but Eric Friedman, director of Montgomery County's Office of Consumer Protection, says it should be. Friedman tells WTOP about a distressed homeowner who ...
2007-09-07 12:40:00 -
Fed ready to act against 'tail risk' (FT.com via Yahoo! News)
After Friday's surprisingly weak US jobs report, the market is convinced that the Federal Reserve will cut interest rates on September 18. The only question that remains is whether it cuts by 25 or 50 basis points.
2007-09-07 01:06:41 -
Mortgage lender Countrywide to cut 12,000 jobs (The Salt Lake Tribune)
LOS ANGELES - Struggling lender Countrywide Financial Corp. will cut as many as 12,000 jobs as it struggles to deal with challenging conditions in the mortgage industry, the company said Friday.
2007-09-07 11:16:39 -
Mortgage lender Countrywide to cut as many as 12,000 jobs (San Francisco Chronicle)
Struggling lender Countrywide Financial Corp. will cut as many as 12,000 jobs as it struggles to deal with challenging conditions in the mortgage industry, the company said Friday. The cuts, amounting to as much as 20 percent of its work force, are...
2007-09-07 03:47:00