Mortgage and Financial News From 2007-10-1 Page 19

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  • Credit squeeze touches corporate borrowers

    Financial Times - ... relatively resilient, although signs of a slowdown after the year’s rises in interest rates have been gathering. The number of mortgage approvals for house purchase fell from 115,000 to 109,000 in August, the Bank’s data showed, the lowest level ...
    2007-10-01 06:07:00

  • Sterling weighed down by fall in UK mortgage withdrawals

    Reuters UK - ... two-month highs against the dollar earlier, as investors sold the pound after British mortgage withdrawals for house purchases fell in August to their lowest ... Still no one expects the BoE to cut interest rates at this Thursday's monetary policy ...
    2007-10-01 07:04:00

  • August mortgage approvals weakest since April (Reuters via Yahoo! UK & Ireland News)

    Mortgage approvals for house purchase fell in August to their lowest level since April, data showed on Monday, providing further evidence that the property market is losing momentum.
    2007-10-01 02:12:00

  • Mortgage approvals drop to lowest level for five months (Evening Standard)

    The number of new mortgages approved for people buying a home fell to its lowest level since April during August, figures showed today.
    2007-10-01 07:41:26

  • Mortgage data points to slowdown (Guardian Unlimited)

    The number of new mortgage approvals in Britain fell to their lowest level since April in August as higher interest rates took their toll of buyer confidence, according to figures released today.
    2007-10-01 03:32:49

  • Citigroup sees 60 pct year-on-year fall in third-quarter results

    Forbes - The bank also blamed losses of approximately 1.3 bln usd pre-taxon the value of sub-prime mortgage-backed securities warehoused for future collateralized debt obligation securitizations, CDO positions, and leveraged loans warehoused for future ...
    2007-10-01 05:31:00

  • Washington Mutual boosting mortgage disclosure

    Reuters - ... on Monday said it is putting in place new standards to be used by mortgage brokers with which it does business. The largest U.S. savings and loan said the new standard is intended to help borrowers fully understand the terms of their loans and the ...
    2007-10-01 06:14:00

  • Solex, Advantage Credit Partner to Offer Automated RV Loan Credit ...

    Forbes - The company provides the easiest-to-read credit reports in the industry and offers products and resources that save time, lower costs, close more loans and prevent fraud. Advantage Credit serves more than 20,000 mortgage professionals nationwide ...
    2007-10-01 05:31:00

  • New York Mortgage Trust, Inc. Omits Common Stock Dividend for Third ...

    Forbes - New York Mortgage Trust, Inc., a self-advised real estate investment trust (REIT) engaged in the investment in and management of high credit quality residential adjustable rate mortgage (ARM) loans and mortgage-backed securities (MBS). As of March ...
    2007-09-29 05:58:00

  • Applied Business Software, Inc. and Reliable Trust Deed Services ...

    Forbes - The Mortgage Office(TM) is a complete suite of software products designed from the ground up to specifically address the needs of those who service loans and mortgage pools. The Mortgage Office(TM) has consistently rated superior in design, system ...
    2007-10-01 03:29:00

  • UBS Forecasts Up to $690M 3Q Pretax Loss

    Newsday - UBS and several other European banks have been drawn into rising mortgage defaults in the United States. U.S. banks repackaged subprime loans, those issued to borrowers with weak credit, and sold them with other debt on the worldwide market. Credit ...
    2007-10-01 05:24:00

  • August home, condo sales nosedive in Santa Barbara County; forecast ...

    San Luis Obispo Tribune - Sales across the county have been blindsided by the sharp reduction in the type of mortgage loans available, especially those that targeted borrowers with shaky to poor credit. The spike in loan defaults and foreclosures made to these "subprime ...
    2007-10-01 05:45:00

  • Prague shares TFN at a glance outlook

    CNBC - ... of its current licences under a digital-TV amendment passed in parliament on Thursday (Hospodarske Noviny) -Czech low cost bus company Student Agency is considering spinning off its railroad unit and launching an IPO (MF Dnes) -Mortgage loans ...
    2007-09-30 11:55:00

  • Citigroup warns its 3rd-quarter earnings will fall

    International Herald Tribune - ... Inc., the U.S.'s largest financial institution, warned Monday its third-quarter earnings are likely to decline 60 percent, as it takes more than $3 billion (€2.12 billion) in writedowns for securities backed by underperforming mortgages and loans ...
    2007-10-01 06:28:00

  • Banks detail US mortgage losses

    BBC Business - ... largely by $1.3bn write down on the value of securities backed by risky sub-prime mortgages which have seen record defaults in the face of higher US mortgage rates. But the bank also confirmed a pre-tax loss of $1.4bn pre-tax loss on loans to ...
    2007-10-01 06:00:00

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