Mortgage and Financial News From 2007-10-1 Page 9

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  • Interest rate cuts ‘are likely to be needed’ (icWales)

    INTEREST rates should be cut by at least half a point to stave off a crisis in the economy, a leading Welsh academic has said.
    2007-10-01 04:21:43

  • How to evaluate mortgage bail-out programs

    Marketwatch - You first may have to negotiate with your lender, who may or may not help. The loan terms for which you qualify ... Coverage of home buying and selling, housing prices, mortgage information and home improvement. • Beware alluring mortgage ads
    2007-10-01 04:37:00

  • UBS plunges to a loss on sub-prime crisis

    Daily Telegraph - ... very positive step, allowing cheaper refinancing which should give some relief to home ... The lender said today that its valuation of its remaining sub-prime mortgage related assets "take a cautious view of future developments in the US mortgage ...
    2007-10-01 03:40:00

  • European Stocks Decline; UBS, Deutsche Bank Pace Retreat

    Bloomberg - ... stocks fell, led by banks, after UBS AG, the region's biggest bank by assets, posted a third-quarter loss because mortgage ... Northern Rock Plc tumbled 17 percent to 149.5 pence on speculation that the lender that was bailed out by the Bank of ...
    2007-10-01 04:41:00

  • Australia's Westpac to buy RAMS brand, distribution unit for 140 mln ...

    Forbes - SYDNEY (Thomson Financial) - Australia's Westpac Banking Ltd said Tuesday it will buy beleaguered lender Rams Home Loan Group Ltd ... At the same time, the funding arrangements should provide support for the financing of RAMS' existing mortgage book.' ...
    2007-10-01 04:30:00

  • Macquarie, Pacific Brands, Woodside: Australian Stock Preview

    Bloomberg - NAB may have bought a strategic stake in mortgage lender Rams Home Loans Group Ltd., the Australian Financial Review newspaper reported today. Commonwealth Bank of Australia (CBA AU), the second-largest, rose 21 cents, or 0.4 percent, to ...
    2007-10-01 03:47:00

  • Integer brings new competition to the mortgage market

    Sunday Times South Africa - A NEW mortgage lender, which launched yesterday, is promising to cut the time it takes to respond to home loan applications from about seven days to within 48 hours. The new company, Integer, whose chief executive is Simon Stockley — the founder of ...
    2007-10-01 04:08:00

  • BlackBerry, at Record, May Defy Short-Sellers Again (Update3)

    Bloomberg - You never short a stock that has strong fundamentals,'' said Joseph Parnes, president of Technomart Investment Advisors in Baltimore, who sold short shares of mortgage lender American Home Mortgage Investment Corp. in March, more than four months ...
    2007-10-01 01:38:00

  • Why mortgage lenders struggle for repeat business

    Boston Online - There are no figures, but I would guess that on home purchase transactions where the purchaser has an existing mortgage, the lender holding that mortgage gets the new loan less than 5 percent of the time. On refinances, one might expect that the ...
    2007-10-01 07:18:00

  • WaMu Calls for Mortgage Disclosure

    Wall Street Journal - NEW YORK -- Washington Mutual Inc., the U.S.'s sixth-largest home-mortgage lender in terms of volume, is asking mortgage brokers it works with to provide more information to borrowers. The move comes as lenders as well as brokers are facing pressure ...
    2007-10-01 03:40:00

  • WaMu Unveils Mortgage Broker Standards

    Forbes - Washington Mutual Inc. , the nation's sixth-largest home-mortgage lender in terms of volume, is asking mortgage brokers it works with to provide more information to borrowers. Washington Mutual (nyse: WM - news - people ), of Seattle, said starting ...
    2007-10-01 12:48:00

  • WaMu Calls for Mortgage Disclosure (WallStreet Journal via Yahoo! Finance)

    Washington Mutual is asking mortgage brokers to provide more information to borrowers amid criticism that poor disclosures have led many borrowers to take out loans they couldn't afford.
    2007-10-01 04:13:01

  • UPDATE 1-Australia's Westpac to buy RAMS business (Reuters Finance News, Australia via Yahoo!7 Finance)

    SYDNEY, Oct 2 (Reuters) - Westpac Banking Corp WBC.AX will buy the distribution business of Australian mortgage lender RAMS Home Loans Group Ltd RHG.AX in an A$140 million ($125 million) deal, and will provide funding for new business growth.
    2007-10-01 04:08:53

  • Australian bank may take stake in RAMS-paper (Reuters Finance News, Australia via Yahoo!7 Finance)

    SYDNEY, Oct 2 (Reuters) - A top Australian bank is set to take a strategic stake in troubled mortgage lender RAMS Home Loans Group Ltd RHG.AX, the Australian Financial Review said on Tuesday.
    2007-10-01 02:50:51

  • Homeowners who are facing foreclosure are prime targets for mortgage fraud (Reno Gazette-Journal)

    The housing boom led to record home ownership rates, but many of those new homeowners, who now are experiencing problems making their mortgage payments and aren't in a position to refinance their loans, are looking at foreclosure.
    2007-10-01 03:40:05

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