Mortgage and Financial News From 2007-9-10 Page 11

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  • Stewart mortgages house for mayoral run (The Enterprise)

    BROCKTON — Mayoral candidate Jass Stewart confirmed that a $78,000 mortgage he has taken out on his home will be used as a line of credit for his campaign.
    2007-09-10 07:42:33

  • U.S. Stocks Drop on Credit Concern; WaMu, Countrywide Retreat (Bloomberg.com)

    Sept. 10 (Bloomberg) -- U.S. stocks fell for a second day, led by financial companies, after analysts cut profit estimates for Countrywide Financial Corp. and Washington Mutual Inc. said it may have to set aside more money to cover bad loans.
    2007-09-10 08:37:17

  • Most U.S. Stocks Drop on Growth Concern; Countrywide Declines (Bloomberg.com)

    Sept. 10 (Bloomberg) -- Most U.S. stocks fell for a second day after two Federal Reserve officials suggested the economy may be faltering because of the housing slump.
    2007-09-10 03:18:43

  • Delinquent mortgages on the rise in Arizona (The Arizona Republic)

    More Arizona homeowners fell behind on their mortgage payments this summer, indicating foreclosures will keep climbing.{b} Bond fund investors next to feel subprime woes?{b} Foreclosure rates in your neighborhoodHow to buy foreclosed properties
    2007-09-10 07:13:35

  • Want a Mortgage? Start by Settling Your Score

    Bradford Era - But not only can you fight the credit reporting agencies, if you're even thinking about applying for a mortgage in the future, you almost certainly need to. ... according to research by the National Association of State Public Interest ...
    2007-09-10 01:41:00

  • Fed officials to Wall St.: not so fast

    CNN Money - Amid the housing market turmoil, a rise in mortgage defaults and tighter credit, investors have been looking for at ... If the Fed only cuts interest rates by a quarter-percentage point, the financial markets will show some disappointment, said ...
    2007-09-10 03:14:00

  • Dollar May Fall to Record Versus Euro on Rate, Growth Outlook

    Bloomberg - ... S. economy has led traders to bet the Federal Reserve will cut interest ... The figures don't include mortgage debt. `Credit Crunch' ``The credit crunch is now starting to affect not only the companies' hiring, but the consumers ...
    2007-09-10 01:56:00

  • More seniors are turning to reverse mortgages

    CNBC - But the credit line's interest kept jumping, pushing their monthly payment to nearly $1,000 from $600. A $239,000 ... Unfortunately, the reverse mortgage can help only a small percentage of those homeowners, said Generation Mortgage Chairman Jeffrey ...
    2007-09-10 01:48:00

  • Toll of Countrywide cuts unknown in Wichita

    MSN MoneyCentral - The national mortgage lender, based in California, said last week it may cut up to ... Countrywide's media line, meanwhile, said only the 10,000 to 12,000 figure was ... Countrywide has said that based on current interest-rate levels, it expects total ...
    2007-09-10 01:13:00

  • Economists expect half-point interest rate cut by March

    USA Today - ... The Federal Reserve will lower interest rates by ... the economy over the next year, while only a third cited inflation as the greatest problem," the NABE said. Those most concerned about a recession tended to cite problems in the subprime mortgage ...
    2007-09-10 10:06:00

  • Average UK house price reaches £218,000

    MSN UK News - ... Government go against growing evidence from other house price indexes that the property market has peaked following six interest rate rises during the past year. Last week Britain's biggest mortgage lender Halifax said property prices rose by only 0.4 ...
    2007-09-10 01:27:00

  • Lender Closes Door On Mortgage Deals

    Ananova - The group, which also lends to people with poor credit histories, had already reduced loan amounts and raised interest rates for some new customers. Other lenders are reported to be moving out of the risky interest-only mortgage market after concerns ...
    2007-09-10 01:13:00

  • House prices soar despite interest rates (Edinburgh Evening News)

    HOUSE prices rose by two per cent during July, suggesting the market is holding up despite higher interest rates, Government figures showed today.
    2007-09-10 05:16:35

  • Shave Thousands In Interest Off Your Home Loan (The Motley Fool)

    Don't panic about your mortgage, do something to help reduce it. Find out why offsetting could be the answer.
    2007-09-10 07:26:45

  • Economists expect half-point interest rate cut by March (USA Today)

    The Federal Reserve will lower interest rates by half a percentage point by March in the face of sluggish economic growth, according to a survey of economists released Monday.
    2007-09-10 10:29:09

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