Mortgage and Financial News From 2007-9-11 Page 21
Previous Day: 2007-09-10
Return to the mortgage news archive home.
Page: 1 - 20 21 22 23 24 25 26 27
-
FTSE bounces back but DSG savaged by broker
Times Online - The estate agency and surveyor Savills lost 5 per cent to 439p despite in-line interim results and Peter Smith, the chairman, sticking to his assertion that interest rate increases would hit commercial property sales but not prime residential houses ...
2007-09-11 03:24:00 -
Agencies agree to rules on subprime mortgages
Philadelphia Inquirer - The new rules adopted by Fannie Mae and Freddie Mac also state that borrowers should be able to refinance subprime loans at least 60 days before the interest rate changes without facing penalties. Lenders should also provide borrowers with clear and ...
2007-09-10 11:57:00 -
Credit squeeze grows to worst for 20 years as cost of borrowing hits new high (Daily Telegraph)
First British sub-prime lending victim collapses as inter-bank lending rate rises to new high amid fears for business borrowers.
2007-09-10 05:36:04 -
Credit Squeeze Threatens Banks of Russia
Kommersant - The Standard&Poors analysts forecast that, in the nearest future, the trend of growth and higher efficiency could be suspended by tough conditions on global credit markets, which aggravated liquidity and limited plans of the banks to refinance ...
2007-09-11 04:15:00 -
Are job cuts a step toward recession?
Cincinnati Enquirer - Many borrowers couldn't afford to get out of their loans, refinance or even sell their homes. Q: What's the danger of a credit crisis? A: Credit is the economy's life blood. If it becomes increasingly harder to obtain, it can crimp spending and ...
2007-09-11 02:13:00 -
Modify loans, group urges
Columbus Dispatch - We're not objecting to the concept, but some of the recommendations are phrased so vaguely that it could prevent (consumers) from being able to refinance or obtain a new mortgage," Buskirk said. The task force presented the report to the governor ...
2007-09-11 02:49:00 -
What is a subprime loan?
Statesman Journal - In the Salem area, 624 residents took out subprime loans in 2005 to refinance their homes. That ranked Salem near the bottom in the nation in using such loans, 272nd highest out of 317 U.S. metro areas. Statewide, 6,344 people took out subprime ...
2007-09-11 03:10:00 -
CEO confidence slides in index
Bend Bulletin - The credit union has never been associated with the sub-prime market and nonconventional markets,” Anderson said. “On the other side, we’re encouraging our members who have those kinds of mortgages to refinance with us or others.” At Carrera ...
2007-09-11 03:53:00 -
Schumer proposes plan to aid troubled mortgage industry
Buffalo News - He wants half the money to refinance existing loans and half to fund new mortgages. The Federal Deposit Insurance Corp. estimates 2.5 million mortgages made to borrowers with weak credit will reset at sharply higher rates by the end of 2008. Lenders ...
2007-09-11 03:53:00 -
Foreclosures on record pace in Fayette County
Lexington Herald-Leader - The borrower might be able to refinance the delinquent loan or even file for bankruptcy. Either step would block the sale by the master commissioner. "If everybody does everything exactly on time, it takes six to seven weeks to have a sale from the ...
2007-09-11 04:29:00 -
Australian Stocks Rise, Led by National Australia, Woolworths
Bloomberg - The measures are aimed at heading off a collapse in confidence related to losses in U.S. subprime mortgages, which saw Australia's Rams Home Loans Group Ltd. unable to refinance A$6.18 billion ($5.1 billion) of short-term debt last month. ...
2007-09-10 09:48:00 -
Australian Bank Lending Rate Rises to an 11-Year High (Update1)
Bloomberg - The measures are aimed at heading off a collapse in confidence related to losses in U.S. subprime mortgages, which saw Australia's Rams Home Loans Group Ltd. unable to refinance A$6.18 billion ($5.1 billion) of short-term debt last month. ...
2007-09-10 10:02:00 -
Cay Clubs loses 3 contracts
Miami Herald - Last month, Cay Clubs executives warned in regulatory filings the company missed $1 million in loan payments and risked bankruptcy if it could not refinance $74 million worth of debt. A publicly traded holding company partially bankrolled by the owner ...
2007-09-10 11:57:00 -
Q&A | Problems with housing, credit, prompt talk of potential ...
Seattle Times - Many borrowers couldn't afford to get out of their loans, refinance or even sell their homes. Q: Was this the beginning of the credit crunch? A: Yes. As foreclosures and late payments in the subprime market soared, lenders were forced out of business and ...
2007-09-11 12:11:00 -
Funny Thing Happened on the Way to Muni Bear Market: Joe Mysak
Bloomberg - That spurred states and municipalities to sell more bonds, for both new purposes and to refinance outstanding debt, and this year looked like a lock to break the previous record of $408 billion set in 2005. On Aug. 2, the index was 4.51 ...
2007-09-11 01:01:00