Mortgage and Financial News From 2007-9-10 Page 12

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  • Inter-bank rates climb to nine-year high

    Times Online - Sterling borrowing rates between banks climbed to a nine-year high yesterday as ... market, weakness in the manufacturing sector and layoffs across leading mortgage firms ... But at the top end, to add to the bid vacuum in many upscale second-home ...
    2007-09-10 01:56:00

  • Some seniors turn to reverse mortgages to escape toxic home loans and ...

    CNBC - But instead of paying back a mortgage, the lender pays part of the equity in the home to the senior in cash, either in a ... expected to see their adjustable-rate mortgages reset at higher rates by the end of 2008. Unfortunately, the reverse mortgage ...
    2007-09-10 01:20:00

  • First-home buyers back

    News.com.au - Economists expect home lending will take a further downturn in the coming months following the August rise in interest rates and with discount deals on mortgage deals likely to have been reduced, or even eliminated, because of the global turbulence ...
    2007-09-10 11:40:00

  • Wachovia CEO: Mortgage business is good

    Boston Globe - ... newfangled products at discounted rates either close up shop or slim down their product offerings. That is helping to fatten profit margins in the industry. Although rivals are warning that tumbling home prices nationwide will hurt their mortgage ...
    2007-09-10 03:07:00

  • Stocks Close Mixed After Fed Speeches

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... with the possibility that the Federal Reserve might not lower interest rates as ... lackluster housing market, tightening availability of credit and a rise in mortgage ...
    2007-09-10 02:39:00

  • Mortgage meltdown in Southwest Florida (South Lee Messenger)

    Homeowners in Southwest Florida and across the nation have been feeling the pervasive mortgage market in the form of increasing mortgage rates, delinquent payments and the dreaded foreclosure.
    2007-09-10 01:49:05

  • Ohio Mortgage Crisis Not Over, Despite Leveling Off of Foreclosure Rates (WKSU Kent State University)

    A new report by the Mortgage Bankers Association shows the rate of home foreclosures and delinquent payments in Ohio " while still high - may be leveling off. But state officials say it's unlikely that Ohio's mortgage crisis is coming to an end. WKSU's Karen Schaefer reports.
    2007-09-10 02:32:03

  • School offers a money-back guarantee

    Daily Tribune - Inspiration dawned as she passed an outdoor advertisement guaranteeing the lowest home mortgage rates available. "So why not offer the parents a guarantee?" she thought. Today, moms and dads newly enrolling first-grade students at La Sallette can get a ...
    2007-09-09 06:00:00

  • Non-bank lenders up mortgage interest

    Sydney Morning Herald - ... in the 1990s, leaving a greater number of people at risk of higher interest rates ... have been funding out of the offshore credit markets and took a lot of the mortgage ... than 15 per cent of new borrowers opted for a fixed rate loan in July - the lowest ...
    2007-09-10 07:29:00

  • Aussie dollar falls to 1-week low, bonds soar

    Stockhouse Canada - SYDNEY, Sept 10 (Reuters) - The Australian dollar fell to its lowest in a week ... largest economy was heading for a sharp slowdown in the aftermath of the mortgage ... as NZ$1.2035 in offshore trade, as investors expect the New Zealand interest rates ...
    2007-09-10 10:35:00

  • Wall St surrenders early gains

    MSN MoneyCentral - Money market rates fell slightly on Monday, but remained at elevated levels when ... said Citigroup has the most dollar markdown exposure in relation to mortgage-related ... 2bn was sold in August, comprising three issues of high yield debt, the lowest ...
    2007-09-10 09:09:00

  • Bond fund holders facing mortgage risks

    MSNBC - Some experts — and hedge fund investors who have made big bets that the mortgage ... in riskier short-term debt already have been whacked by soaring default rates on ... has rated in recent years, with the overwhelming majority occurring in the lowest ...
    2007-09-08 05:54:00

  • Fed official: Market turmoil may hurt economy

    MSNBC - ... tightening of credit conditions related to rising defaults in the U.S. mortgage ... The yield on benchmark 10-year notes fell as far as 4.30 percent, their lowest ... not encouraging," but that in itself, it may not merit lowering interest rates. "We ...
    2007-09-10 02:31:00

  • Do You Know Your Loan?

    BlackNews.com - Also, while today's 30-year fixed rates may be higher than your current ARM rate, they are still among the lowest in history and would offer long-term stability. * Consult with a reputable mortgage professional who will provide you guidance in ...
    2007-09-10 02:24:00

  • Experts: Bond fund investors could be next to feel subprime woes

    Detroit News - Some experts -- and hedge fund investors who have made big bets that the mortgage ... in riskier short-term debt already have been whacked by soaring default rates on ... has rated in recent years, with the overwhelming majority occurring in the lowest ...
    2007-09-10 11:47:00

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