Mortgage and Financial News From 2007-10-1 Page 17

RSS Feed

Previous Day: 2007-09-30

Return to the mortgage news archive home.

  • Fresh evidence of housing slowdown

    Times Online - Mortgage lending was down 5 per cent at £8.5billion from £8.9billion in July. Separate research by Hometrack, a property ... cent to 5.75 per cent adding £156 a month -£1,875 a year - to the monthly payments of someone with a £150,000 interest-only ...
    2007-10-01 07:33:00
  • Carry Trade Revival May Be Short-Lived, Lehman Brothers Says

    Bloomberg - ... sparked by the return of risk appetite after last month's Federal Reserve interest ... from 95 percent in early August, before the collapse of the U.S. subprime mortgage ... It only rose against the dollar. The Swiss franc also fell against ...
    2007-10-01 09:06:00
  • Fitch Ratings Affirms JPM 2006 CIBC 15

    Forbes - Morgan Chase Commercial Mortgage Securities Corp. 2006 CIBC 15, commercial mortgage pass-through certificates as follows ... Interest-only class X-1 at 'AAA'; --Interest-only class X-2 at 'AAA'; --$37.1 million class B at 'AA'; --$15.9 million class ...
    2007-10-01 07:33:00
  • Pimco's Gross: Rates Could Fall to 3-3/4% In Next Year

    CNBC - ... manager of the world's largest bond fund, Monday said that the subprime mortgage ... On Sept. 18, the Fed cut interest rates by an agressive half-percentage point to 4-3 ... Home prices have been declining for nearly 12 months and "only now is the Fed ...
    2007-10-01 08:59:00
  • IMF's Strauss-Kahn says US subprime crisis won't have major growth ...

    Forbes - ... IMF managing director designate Dominique Strauss-Kahn said the US subprime mortgage ... of a debate that we should have at a multilateral level and we have no interest in ... News and its third party content providers for your personal information only ...
    2007-10-01 09:20:00
  • WaMu: Leading The Way Or Stating The Obvious??

    CNBC - key terms of the loan requested by the broker such as loan amount, loan term, whether the interest rate and mortgage payments may change ... So, not only do they have to tell you the basic terms of the loan, but they also have to disclose the fees you ...
    2007-10-01 08:23:00
  • U.K. August Mortgage Approvals Fall to Four-Month Low (Update2)

    Bloomberg - August Mortgage Approvals Fall to Four-Month Low (Update2) By Brian Swint Oct. 1 ... rates for home loans are rising after the central bank lifted its main interest rate ... Only a government guarantee ended the panic, which led former policy maker ...
    2007-10-01 03:29:00
  • Early Internet Bank Shut Down By The Feds Over Mortgage Defaults (Addict 3D)

    If you remember the earlier days of the web, you'll probably remember NetBank, which was one of (if not the?) first internet-only banks out there. It offered high interest rates in the early days, making it popular with online folks in the late 90s.
    2007-10-01 01:57:31
  • Bankruptcy 'tweak' could save 600,000 homes

    CNN Money - The judge could reduce the principal to match the home's current market value as well as reduce the loan's ... This will force mortgage lenders to charge much higher interest rates for all types of mortgage loans. This will dry up credit for any ...
    2007-10-01 08:16:00
  • Stock Futures Slip After Citi Warning

    Allentown Morning Call - ... earnings will decline 60 percent from a year ago due to turmoil in the mortgage ... concerns over the credit and housing markets by lowering key interest rates. ... Home is where the Hillel is Raid yields large amount of drugs; two charged Counties ...
    2007-10-01 06:35:00
  • U.S. home prices likely to fall further: Greenspan

    Globe and Mail - ... situations of inventory excess, I would expect home ... remains extremely fragile after a crisis in low-end mortgage borrowing spread fear of a global economic slowdown and put a squeeze on lending conditions.
    2007-10-01 05:38:00
  • Fitch Rates Lehman XS Trust $544.8MM Series 2007-18N

    Forbes - Fitch rates Lehman XS Trust mortgage pass-through certificates, series 2007-18N as follows: --$499 million classes 1A1, 1A2, 1A3 ... originations for the mortgage pool (as a percentage of the cut-off date balance) were made by American Home Mortgage ...
    2007-10-01 08:30:00
  • Oil Prices Slip

    US News and World Report - Energy investors are closely monitoring the U.S. and global economies to see if the subprime mortgage crises has caused an ... investors, because the dollar has been sliding against other currencies since the Federal Reserve cut interest rates last ...
    2007-10-01 04:05:00
  • Citigroup warns its 3rd-quarter earnings will fall 60 percent on ...

    CNBC - Subprime mortgages _ home loans given to customers with poor credit history _ have gone delinquent or defaulted at rising rates this year. As investors shied away from buying mortgage-backed and other types of debt, many banks, like Citigroup and UBS ...
    2007-10-01 08:16:00
  • U.S. Stocks Gain, Pushing Dow Average to Record; Lennar Gains

    Bloomberg - ... to a record, as investors speculated the worst may be over for banks and construction companies hurt by subprime mortgage ... at the slowest pace in six months and a gauge of prices declined, giving the Fed more leeway to cut interest rates ...
    2007-10-01 07:40:00