Mortgage and Financial News From 2007-9-10 Page 7

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  • Fed Officials See Threat in Housing Turmoil

    New York Times - Even if investors overcome some of their current fears about mortgages, she said, mortgage rates were likely to remain higher on a long-term basis and could continue to push housing prices down. “Should the decline in house prices occur in the ...
    2007-09-10 03:14:00
  • Experts expect ECB rates to peak at 4%

    Irish Examiner - TWO of the country’s leading economists have suggested that European interest rates have peaked at their current level of 4%. Irish mortgage holders have seen bank interest rates rise eight times since December 2005. Every rate rise of 0.25% adds ...
    2007-09-10 04:33:00
  • White House's Lazear - no position on rate cuts

    Reuters - Speaking to reporters at the National Association for Business Economics annual meeting, Lazear also said that Fed policies -- notably, years of low official interest rates -- had not spawned the current problems in the subprime mortgage market ...
    2007-09-10 02:24:00
  • Wachovia sees mortgage business growing (CNN Money)

    CEO G. Kennedy Thompson says that industry shakeout is leading to a much higher origination volume for the bank.
    2007-09-10 02:30:09
  • Schumer proposes lifting mortgage caps (Sharewatch)

    WASHINGTON (AP) - Sen. Charles Schumer proposed Monday allowing two government-sponsored mortgage giants to take a bigger share of the home loan market to help stabilize the troubled mortgage industry.
    2007-09-10 11:00:39
  • Interest Rates Key 4Q Concern For Australia Business -Survey (Nasdaq)

    SYDNEY -(Dow Jones)- The number one concern for Australian business is rising interest rates, according to a fourth quarter business expectations survey.
    2007-09-10 08:25:41
  • You Can Fix an Adjustable-Rate Mortgage (WFMJ Youngstown)

    Question: My adjustable-rate mortgage will be adjusting next month, and it looks like the new rate will be around 8%. What should I do? Is it impossible to refinance into a fixed-rate loan these days, even though I have a good credit score?
    2007-09-10 05:38:19
  • More To Go For Short Term Rates? (Australasian Investment Review via Yahoo!7 Finance)

    One market that has been off the radar screen for some time is interest rates. But Chartist Nick Radge believes the recent tightening could have more to run.Rates on 30 and 90 day bank bills climbed back over the 7% mark to end at 7.01% and 7.07% respectively late yesterday.
    2007-09-10 03:30:00
  • Democrats step up pressure over mortgages

    MSN MoneyCentral - ... insures mortgages for low- and middle-income borrowers, guarantee loans for borrowers at risk of default to help them refinance ... This emergency measure is not only important to restore confidence in the mortgage market for current and aspiring home ...
    2007-09-10 04:33:00
  • Beazer debt faces extra risk on earnings delay

    Reuters - Holders of the home builder's debt -- who have claimed the company's delay in filing its quarterly earnings puts it in ... not have the capacity to buy back $1.5 billion in senior notes, and it likely would find it extremely difficult to refinance ...
    2007-09-10 01:34:00
  • US: Key Democratic senator proposes temporary lift of Fannie Mae ...

    MSN UK News - ... senator on Monday proposed that two government-sponsored mortgage giants be allowed to increase their role in the home ... He wants half the money to refinance existing loans and half to fund new mortgages. Lenders might be willing to take the risk ...
    2007-09-10 02:24:00
  • Thornburg May Buy Up to $4 Billion of Mortgage Bonds (Update1)

    Bloomberg - Sept. 10 (Bloomberg) -- Thornburg Mortgage Inc., the home lender that sold $20.5 billion of mortgage bonds at a loss last ... Unable to refinance about $8 billion of commercial-paper borrowings and facing demands from financial backers for more ...
    2007-09-10 05:23:00
  • Debt Market in `Pivotal' Test as $140 Billion Matures (Update4)

    Bloomberg - Sept. 10 (Bloomberg) -- Banks and companies need to refinance almost $140 billion of commercial paper in Europe by the end of next week and will push up yield premiums on corporate bonds, according to Deutsche Bank AG, Germany's biggest bank. ``This ...
    2007-09-10 08:19:00
  • Schumer proposes raising caps on 2 lenders

    Newsday - ... temporarily allow Fannie Mae and Freddie Mac to spend about $145 billion or 10% more than current investment caps permit to fund new mortgages and refinance existing ones. Allowing the mortgage firms to expand their share of the $10.4 trillion home ...
    2007-09-10 11:40:00
  • CBD introduces new home loan solution

    Gulf News - ... properties, a six-month payment holiday option for completed properties, repayment period up to 25 years thus reducing the monthly payments for the customer, both fixed and variable rate options and an attractive refinance facility for existing home ...
    2007-09-10 05:30:00