Mortgage and Financial News From 2007-9-8 Page 2
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Among the questions that are foremost on analysts' minds when the big ...
Marketwatch - ... in recent years that's created a huge credit derivatives market and rampant securitization, in which assets like mortgages and ... trends, which just a few months ago produced record earnings on Wall Street, have abruptly halted and even gone into reverse ...
2007-09-06 05:57:00 -
Indymac Provides Update on Current Performance
MSN MoneyCentral - ... 2007 (we currently have no extendable, asset-backed commercial paper liabilities outstanding and expect to have no reverse ... Indymac Bank's home mortgage products consist primarily of single family, first lien mortgages, 90% of which are saleable to ...
2007-09-07 12:05:00 -
US rate cut likely as markets rocked by jobs slide (The Scotsman: Business)
BEN Bernanke, the chairman of the Federal Reserve, is expected to reverse his previous hardline policy and slash interest rates in a bid to prevent the US plunging into recession.
2007-09-08 04:51:11 -
Mortgage watch
Times Online - The bank says that its stepped-rate mortgages – deals that start at a low rate and climb higher during the term of the loan ... the loan (£8,000 on a £200,000 mortgage) if they want to break the deal in the first year, and 3 per cent in the second ...
2007-09-08 03:10:00 -
Home buying spree snaps
St. Petersburg Times - ... and computer-graded credit applications gain easy acceptance from wholesale lenders, who are eager to make mortgages, collect ... As before her foray into real estate investment, Jackson lives in a second-floor apartment in St. Petersburgand owns no ...
2007-09-08 09:43:00 -
First-time UK property buyers return
Gulf Daily News - Some 81pc of the mortgages arranged were fixed rate, but variable mortgages increased for the second consecutive month, rising to 19pc of loans in August from 14pc in July. Products tracking the base rate were chosen by 16pc of borrowers - the highest ...
2007-09-08 05:40:00 -
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 regulators ... been shaken in recent weeks by disclosures from two of CCB's rivals of exposure to securities backed by US sub-prime mortgages
2007-09-08 12:39:00 -
WHY NOT JUST ADJUST AN ARM?
New York Post - I asked a retired Wall Street guy and he said they have resold these mortgages into multiple pieces, sometimes as many as 30, one for each year of the mortgage. He called them derivatives," your second e-mail explained nicely. So, that's the problem ...
2007-09-08 09:50:00 -
Light at the End of the Subprime Tunnel (Builder Online)
The percentage of U.S. mortgages entering the foreclosure process set a record in the second quarter of 2007, even before the late-summer subprime meltdown, the Mortgage Bankers Assn.
2007-09-08 10:23:52 -
50-year mortgages aren't getting many takers (Austin American-Statesman)
Demand could change eventually, but market is currently sour. In the past decade, mortgage borrowers have been able to choose from a fast-growing array of loans. But now that investors have soured on mortgages, that situation has changed.
2007-09-08 06:20:10 -
Dolan Media gains from mortgage mess
Minneapolis Star Tribune - Aided by an acquisition and an increase in revenue from mortgage foreclosures, Dolan ... States this year, Dolan's return since inception ranks 13th. Dolan is the only ... The company's $21.9 million net loss for the quarter included a noncash interest ...
2007-09-05 05:58:00 -
Peer-to-peer lending sites a growing presence on the Web
Pittsburgh Post-Gazette - People can chose to lend to only the most highly rated borrowers and accept a lower interest rate, or make riskier loans to boost their returns. ... charges an upfront fee ranging from $99 for an unsecured personal loan to $699 for a mortgage ...
2007-09-08 09:00:00 -
Huge surge in house prices
News.com.au - Signs that a downturn is coming will be tightening credit, rising interest rates, a ... be faced with forking over the bulk of my disposible income to service mortgage ... Only the negatively geared with a spare residence or two will benefit - if they ...
2007-09-08 07:34:00 -
US loner helps bin Laden to taunt Bush
Daily Telegraph - ... featured a bizarre rant against America, with references to global warming, "insane taxes", the US mortgage market meltdown and rising interest ... The only way to get peace is to convert to Islam.' He's in a state of constant, unending war until he ...
2007-09-08 06:59:00 -
Auto Union Talks May Go Beyond Deadline
Newsday - The person familiar with the talks said that because the trusts are still an open issue and the companies expect the union to seek job security pledges in exchange, negotiations on key issues have yet to be resolved with only eight days left until ...
2007-09-05 05:58:00