Mortgage and Financial News From 2007-9-11 Page 19

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  • Fannie Mae Prices New Issue 3-Year Benchmark Notes(R)

    MSN MoneyCentral - Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America. This press ...
    2007-09-11 07:06:00

  • Mortgage Problems to Dampen Home Sales in the Short Term

    Forbes - Lawrence Yun, NAR senior economist, said unusual disruptions in the mortgage market are dampening the outlook for home sales, notably for August ... We expect the Fed to cut rates two times before the end of the year, which will lower interest rates ...
    2007-09-11 07:06:00

  • UPDATE 1-Mortgage brokers say most customers couldn't refi

    Reuters - NEW YORK, Sept 11 (Reuters) - Some 57 percent of mortgage broker customers with ... About 5 million adjustable-rate mortgages will reset to higher rates in the next ... unable to refinance loans as lenders tighten underwriting guidelines and home ...
    2007-09-11 07:28:00

  • Realtors predict drop in 2007 home sales

    Houston Chronicle - ... with weak credit and a lack of funding for jumbo home loans above $417,000. Those loans can't be packaged into securities sold to investors by government-sponsored mortgage giants Fannie Mae and Freddie Mac. Lenders have been charging higher rates for ...
    2007-09-11 07:35:00

  • U.S. mortgage woes, oversupply take the shine off zinc

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics World Americas ... U.S. mortgage woes, oversupply take the shine off zinc ... With China's economy growing at double-digit rates for the past four years, the ...
    2007-09-11 01:59:00

  • Mortgage Problems to Dampen Home Sales in the Short Term (PR Newswire via Yahoo! News)

    Tighter credit for home mortgages will measurably dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008, according to the latest forecast by the National Association of Realtors(R).
    2007-09-11 07:10:00

  • ANZ: mortgage rates may rise if squeeze persists (Reuters via Yahoo! Malaysia News)

    MELBOURNE, Sept 11 - Australia and New Zealand Banking Group Ltd , Australia's third-biggest lender, said on Tuesday it may have to raise mortgage rates if the higher cost of short-term funding persists.
    2007-09-10 09:58:54

  • Gold barely moves, stays near 16-month high

    Mining Weekly Online - ... to cut interest rates next week as the U.S. economy showed signs of being adversely affected by the subprime mortgage problem. The dollar eased 0,1 percent to 113,50 yen, off Monday's low of 112,60 yen on electronic trading platform EBS, its lowest ...
    2007-09-11 02:13:00

  • Grim prospects for dollar after dismal US jobs data

    Financial Times - ... the first evidence that problems in the US mortgage market were spilling over into the wider economy and heightened expectations that the Federal Reserve would act to cut interest rates ... against the euro and sterling falling to their lowest ...
    2007-09-10 10:35:00

  • U.S. Stock-Index Futures Advance; McDonald's, GM Shares Climb

    Bloomberg - ... real-time judgments,'' bolstering speculation of a reduction in interest rates at ... The biggest U.S. mortgage company is trying to find additional investors to increase ... The rate was at its lowest since Aug. 24. In Europe, the Dow Jones Stoxx ...
    2007-09-11 06:31:00

  • Mortgage market dips as borrowing hits lowest level for three months

    Daily Mail - ... says Brown aide New Bin Laden 9/11 video calls for 'caravan of martyrs' to attack the West Mortgage market dips as borrowing hits lowest level for ... Last week's Monetary Policy Committee decision to hold rates was exactly as expected. Both market ...
    2007-09-11 04:58:00

  • Mortgage problems increase in Oregon

    Statesman Journal - In Oregon, 5.4 percent of the subprime borrowers with adjustable-interest rates faced foreclosure or were more than three months behind in payments at the end of June, according to the Mortgage Bankers survey. That ranked as the second-lowest rate in ...
    2007-09-11 03:10:00

  • Canadian Trade Surplus Falls To Lowest Level Since October 2006 []

    RTT News - Canadian Trade Surplus Falls To Lowest Level Since October 2006 [] Tuesday ... Additionally, a report from Canada Mortgage and Housing Corp. showed that Canadian ... costs in the U.K. showed slight easing in August, though the yearly growth rates ...
    2007-09-11 05:12:00

  • Mortgage lending dips

    MSN UK News - Borrowing fell to its lowest level for three months, the Council of Mortgage Lenders said. It reported a total of £34.1 billion was advanced during ... the CML said people's appetite for fixed-rate deals may be on the wane if they think interest rates ...
    2007-09-11 03:46:00

  • U.K. Sells 2 Billion Pounds of Bonds; Demand Lowest for 2 Years

    Bloomberg - Demand Lowest for 2 Years By Gavin Finch and Anchalee Worrachate Sept. 11 (Bloomberg ... began tumbling in mid-August on concern losses linked to U.S. subprime mortgage defaults will spread. The Bank of England, after raising interest rates three ...
    2007-09-11 05:40:00

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