Mortgage and Financial News From 2007-9-8 Page 4
Previous Day: 2007-09-07
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MFA Mortgage Investments, Inc. Announces Pricing of Public Offering of ...
Forbes - These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans ...
2007-09-06 05:06:00 -
Bin Laden video may signal new attacks
MSN UK News - Instead he ranged across religion, history, domestic U.S. politics and the wars in Iraq and Afghanistan, throwing in climate change and even what appeared to be a reference to the current crisis over bad mortgage loans in the United States. Arab ...
2007-09-08 12:11:00 -
National City laying off 1,300 to scale back mortgage business
CNBC - NEW YORK - National City Corp. said Thursday it is laying off 1,300 workers to shrink the bank's struggling mortgage business. The Cleveland-based bank said scaling back its home lending businesses and shifting the mortgage loans on its books will ...
2007-09-06 02:36:00 -
Countrywide announces largest job cut in mortgage sector
Axcess News - The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 5.12 percent of all loans outstanding in the second quarter of 2007 on a seasonally adjusted (SA) basis, up 28 basis points from the first quarter of 2007 ...
2007-09-08 01:22:00 -
Risky loans rock area: Metro Detroit is No. 1 in subprime mortgages (Detroit News)
Metro Detroit homeowners pay higher mortgage interest rates and receive loans more likely to lead to foreclosure than homeowners anywhere else in the nation, according to a report released Friday.
2007-09-07 11:08:29 -
Mortgage delinquency rate rises to 5.12 percent (Battle Creek Enquirer)
The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 5.12 percent of all loans outstanding in the second quarter of 2007 on a seasonally adjusted (SA) basis, up 28 basis points from the first quarter of 2007, and up 73 basis points from one year ago, according to MBA’s National Delinquency Survey.
2007-09-08 06:12:02 -
Stronger gold lifts dollar in quiet day's trade
The Australian - ... of US non-farm payrolls data will be scanned to see whether rising borrowing costs resulting from a jittery US sub-prime ... rise to a high of US83.50c overnight or fall below US81c, depending on carry traders who sold the yen for high interest rate ...
2007-09-08 03:52:00 -
Emergency injection
Times Online - For mortgage borrowers, recent weeks have brought relief from the fear of further interest-rate rises. But the net effect of the scramble for liquidity is likely to be that the rise in the cost of borrowing already seen in Britain’s own sub-prime ...
2007-09-08 02:34:00 -
Worst crisis for 20 years, say banks
Times Online - ... of commercial paper becoming due is the hangover from the crisis in credit markets that began with American sub-prime ... The crisis has led to a big change in interest-rate expectations. After the Bank’s quarterly inflation report a month ago, most ...
2007-09-08 03:17:00 -
Pace of evictions rises with rates
News.com.au - With the economy booming, there are fears of another interest rate rise again early next year. Such a ... The trend poses a major headache for the Coalition, with Labor using the figures to mock Prime Minister John Howard's pledge to keep interest ...
2007-09-08 05:11:00 -
Act now to beat mortgage squeeze
Times Online - The Bank of England kept its main interest rate on hold at 5.75% on Thursday, but discount and tracker loans could get more ... This is because lenders are nervous following America’s sub-prime mortgage meltdown, where borrowers lured by dirt ...
2007-09-08 03:10:00 -
Prodi Plans Growth Budget for Italy, Faces Call for Tax Breaks
Bloomberg - Sept. 8 (Bloomberg) -- Italian Prime Minister Romano Prodi pledged to deliver a ... among the 13 nations sharing the euro and has lagged the region's growth rate for ... Italy had to pay out 69 billion euros ($95 billion) last year in interest payments ...
2007-09-08 12:32:00 -
US pays the price of relying on foes for oil
Times Online - ... women who foretell various futures – hourly changes in share prices and interest ... The consensus seems to be that Bernanke will lower the Fed funds rate. Friday’s ... lower rates without being accused of bailing out improvident lenders to sub-prime ...
2007-09-08 04:57:00 -
canada.com where perspectives connect
National Post - National Post Home First, an explanation: Subprime does not mean the interest rate is below the prime lending rate. It means the borrower is below what is considered a prime candidate for a mortgage. The confusion has caused many Canadians to panic ...
2007-09-08 12:39:00 -
ECB and Bank of England Hold Steady
MSNBC - Confidence indicators may have come off their peaks but remain at high levels, and with capacity utilization also at high levels, the ECB will want to bring rates at least to a neutral level even though further hikes beyond the benchmark refinance ...
2007-09-07 12:05:00