Mortgage and Financial News From 2007-9-11 Page 14

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  • Trichet sure major banks sound, Bernanke looms

    Boston Globe - Greenspan, once the world's top central banker, said current credit turmoil ... banks are set to remain sound despite credit losses from the U.S. subprime mortgage ... London interbank offered rates for overnight euros rose sharply from Monday ...
    2007-09-11 07:56:00
  • European Bonds Decline as Trichet Says Inflation Risks Persist

    Bloomberg - ... solid and sound fundamentals'' will support growth and help contain fallout from U.S. subprime mortgage losses. ECB Rates ... strategist at Insinger de Beaufort SA in London. ``Without Treasuries being able to sustain their current ...
    2007-09-11 07:56:00
  • ALL BUSINESS: Today's market turmoil doesn't mimic the past, despite ...

    CNBC - That's the only way to explain his assertion that the current financial turmoil is "identical" to market dislocations ... Those areas of the mortgage market have imploded in the last year as adjustable mortgage rates have risen and home prices have ...
    2007-09-11 11:24:00
  • UPDATE 1-ECB's Trichet- Market turmoil shows openness needed

    Reuters - ... European Central Bank President Jean-Claude Trichet said on Tuesday current market ... credit crisis that developed in August was triggered by defaults on U.S. mortgage ... Three-month euro zone interbank lending rates are at their highest level since ...
    2007-09-11 10:27:00
  • New York Mortgage Trust, Inc. Shares to Begin Trading on the OTC ...

    Forbes - NEW YORK, Sept. 11 /PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc. (NYSE ... looking statements, including, without limitation, that a rise in interest rates ... The information set forth in this news release represents management's current ...
    2007-09-11 06:02:00
  • Bernanke highlights low interest rates, but warns against trade ...

    International Herald Tribune - ... said Tuesday that a global "savings glut" has helped keep interest rates ... with Chancellor Angela Merkel earlier in the day to discuss the U.S. mortgage market crisis and the need for greater financial market transparency, made no mention of current ...
    2007-09-11 09:08:00
  • Fitch Rates Utah Housing Corp. 2007 Series E Bonds

    Forbes - Business Wire - Press Release Fitch Rates Utah Housing Corp. 2007 Series E Bonds 09 ... to Utah Housing Corporation's (the corporation) 2007 series E single-family mortgage ... The current offering is the fourth sale issued under a general trust indenture ...
    2007-09-11 08:18:00
  • New York Mortgage Trust, Inc. Shares to Begin Trading on the OTC Bulletin Board Under Stock Symbol 'NMTG' (PR Newswire via Yahoo! Finance)

    New York Mortgage Trust, Inc. today announced that its shares are being de-listed from the NYSE and that beginning on Tuesday, September 11, 2007 its common stock will be traded on the OTC Bulletin Board under the symbol "NMTG."
    2007-09-11 06:00:00
  • Government's Mortgage Aid Questioned (The San Francisco Examiner)

    Roach is one of many questioning the government's role in repairing the mortgage mess, even as various federal and local plans try to stave off a potential deluge of foreclosures on the horizon.
    2007-09-10 09:09:46
  • Understanding Your Mortgage Rate (Motley Fool via Yahoo! Finance)

    Is your monthly payment headed higher?
    2007-09-11 10:15:49
  • GMAC-RFC to increase intermediary sub-prime rates over 85 per cent LTV (Money Marketing Online)

    GMAC-RFC has revealed it will be re-pricing its non-conforming products over 85 per cent loan to value tomorrow. It says it will confirm tomorrow how much it will increase its rates by but says its SVR will remain unchanged.
    2007-09-11 06:28:21
  • Understanding Your Mortgage Rate (The Motley Fool via Yahoo! News)

    Fears of recession have the stock market reeling. But for homeowners with adjustable-rate mortgages, recent talk about possible cuts in interest rates is sparking celebrations.
    2007-09-11 10:15:49
  • Banks avoid subprime debacle

    Frost Illustrated - If you have the need to borrow money for a new or existing home or to refinance your current loan, please go to your local bank branch. Your banker will be pleased to work with you to your benefit. -S. Joe DeHaven President and Chief Executive ...
    2007-09-11 07:35:00
  • Problems with housing, credit, prompt talk of potential recession

    Everett Herald - Adding to borrowers' headaches: steep penalties for prepaying their home loans. 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 ...
    2007-09-11 10:34:00
  • Schumer Supports Mortgage Bill

    WXXA - The bill calls for two government sponsored mortgage companies, to take-on a larger share of the home loan market. The measure would allow those two companies to temporarily spend more money, in order to fund new mortgages and refinance existing ones ...
    2007-09-11 09:15:00