Mortgage and Financial News From 2007-9-11
Previous Day: 2007-09-10
Return to the mortgage news archive home.
Page: 1 - 20 21 22 23 24 25 26 27
-
CREDIT WRAPUP 1-Australia injects cash, rates under pressure (Reuters via Yahoo! Asia News)
HONG KONG, Sept 11 (Reuters) - Australia's central bank pumped A$2.08 billion ($1.73 billion) into its banking system on Tuesday but market rates remained high, illustrating the problems central bankers are facing in relieving a global credit squeeze.
2007-09-10 11:52:31 -
Mortgage lending dips (Channel 4)
The mortgage market has showed early signs of slowing down during July, according to latest figures.
2007-09-11 05:03:02 -
Calls To Modify Mortgage Loans Pit Regulators Vs Investors (Nasdaq)
NEW YORK -(Dow Jones)- Regulators want banks to help subprime mortgage borrowers avert disaster by easing their loan terms, but for bond investors, the cure may not be better than the disease.
2007-09-11 06:56:42 -
Mortgage market dips as borrowing hits lowest level for three months (Evening Standard)
The mortgage market showed early signs of slowing down during July, with borrowing falling to its lowest level for three months, figures showed today.
2007-09-11 04:13:13 -
IBM Gets Okay To Process Federal Housing Loans (TechWeb via Yahoo! News)
IBM said it expects to have approval by year's end to offer mortgage origination services for federally backed mortgages in all states.
2007-09-10 11:00:00 -
Mortgage problems increase in Oregon (Salem Statesman Journal)
Homeowner problems stemming from risky mortgage loans jumped in Oregon during the second quarter of 2007, although the state still ranks among the least-hard-hit by the national "subprime" lending mess.
2007-09-11 03:23:13 -
Long Cos. strikes deal to take over Long Mortgage, continue loans (Arizona Daily Star)
The Long Cos. announced this afternoon it is planning to extend the Long Mortgage name, although that company is embroiled in the First Magnus Financial Corp. bankruptcy.
2007-09-10 04:03:55 -
Modify loans, group urges (The Columbus Dispatch)
To stem the rising tide of foreclosures in Ohio, the state should urge mortgage companies to modify loans rather than foreclose on them, a task force said yesterday.
2007-09-11 03:02:51 -
Metals - Gold higher as dollar continues to languish
Forbes - ... during August after a spate of defaults in the sub-prime mortgage sector fuelled fears of a global credit crunch, and have since been volatile. Meanwhile, the prospect of a Fed rate cut this year has weakened the dollar, along with other interest ...
2007-09-11 05:19:00 -
Credit card issuers try to stay clear of turmoil
Newsday - ... issuer had held the rate on its cards at 10.99% for customers with the best credit ratings, while those with poorer ratings would be paying interest of 18.99%, up from 17.99% just a few weeks ago. "In terms of rates, the fallout from the sub-prime ...
2007-09-11 03:53:00 -
Howard: 'I won't run from fight'
News.com.au - PRIME Minister John Howard has issued a blunt warning to Liberal colleagues who want him to quit before the election ... Interest rate were high last time Labor were in and... amazingly they were high all around the word, Shock Horror!! Now interest ...
2007-09-11 01:30:00 -
Shop for a better interest rate on your savings account
Buffalo News - PERSONAL FINANCE Shop for a better interest rate on your savings account By Andrea Coombes - MARKETWATCH Updated: 09/11/07 6:58 ... The prime rate — a rate that’s tied to many consumer financial products — generally moves in step with the federal ...
2007-09-11 03:53:00 -
Treasury Prices Close With Sharp Gains
Forbes - ... Reserve officials hinted that market players may be wrong to assume a rate cut is ... through the economy and the Federal Reserve will have no choice but to cut interest ... than on market volatility and pointed out that costs are little changed for prime ...
2007-09-11 02:27:00 -
EU's McCreevy blames banks, ratings agencies for recent market turmoil
Forbes - McCreevy said the the sub-prime crisis is 'a problem of the regulated market, of banks, and not of the ... The updated forecasts suggest 'a somewhat reduced growth momentum in 2008' compared to the 1.9 rate of growth forecast in May. On interest rates ...
2007-09-11 04:50:00 -
Fed grapples with U.S. housing fallout
Globe and Mail - ... Fed grapples with U.S. housing fallout Cut in prime rate next week seen as inevitable, the question is by how much? ... Federal Reserve Board will cut its benchmark interest rate next week for the first time in four years. A lot less clear is ...
2007-09-11 01:01:00