Mortgage and Financial News From 2007-9-14 Page 17

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  • The unkindest cut?

    CNN Money - ... Fed members in the past few weeks about how closely they are monitoring the mortgage ... investors are unsure about how much the Fed will lower interest rates. The Fed ... That has led some on Wall Street to unfavorably compare how Bernanke is handling ...
    2007-09-14 05:01:00

  • Time for Irish Politicians to address the mortgage market

    Politics.ie - ... explaining to their readers the "the bizarre phenomenon that, in other countries, there is a direct correlation between rising interest rates and rising monthly repayments on existing mortgages" Compare to Ireland where the majority of mortgage ...
    2007-09-14 04:47:00

  • The Fed will cut rates...but by how much? (CNNMoney.com via Yahoo! Finance)

    The Federal Reserve is going to cut the target on a key short-term interest rate on September 18. There is no mystery about that.
    2007-09-14 04:47:00

  • Northern Rock Customers Crowd London Branches, Withdraw Money

    Bloomberg - ... Hundreds of Northern Rock Plc customers crowded into branches in London today to pull out their savings after the mortgage-loan ... Home Lender, Gets Emergency Funds From Bank of England U.S. Stock-Index Futures Drop After Retail Sales Trail ...
    2007-09-14 05:37:00

  • 30-year mortgage rates fall

    San Diego Union-Tribune - The thrift has been shrinking its mortgage business over the past two years as home prices stopped rising, defaults increased, and investors grew resistant to buying all but the safest home loans. Among the cuts will be 340 workers in loan centers ...
    2007-09-14 01:34:00

  • Britain helps mortgage lender with 'liquidity'

    International Herald Tribune - LONDON : British financial authorities said Friday that they had extended an emergency loan to rescue a big mortgage bank, as the effects of a global credit crunch stemming from the crisis in the U.S. subprime home lending business spread to one of ...
    2007-09-14 04:54:00

  • Bank of England bails out mortgage lender Northern Rock

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics World Americas Europe Asia-Pacific Africa-Mideast Report on ... The biggest casualty of the credit crunch so far, Northern Rock had the biggest share of the British mortgage market in the ...
    2007-09-14 04:04:00

  • Home Retail Leads Retailers Lower on `Big-Ticket' Sales Concern

    Bloomberg - Sept. 14 (Bloomberg) -- Home Retail Group Plc led shares of U.K. retailers lower in London trading on concern that the bailout of mortgage lender Northern Rock Plc by the Bank of England will put a further brake on housing-related spending. ``There ...
    2007-09-14 05:37:00

  • U.K. tries to stop a run on big mortgage lender, stocks sink

    USA Today - LONDON — Britain's financial authorities stepped in to rescue mortgage lender Northern Rock on Friday as the group, which has lent aggressively to home buyers, fell victim to the sharp rise in borrowing costs between banks. U.K. stocks sank on the ...
    2007-09-14 05:15:00

  • Trapped by the mortgage meltdown

    CNN Money - NEW YORK (Money Magazine) -- Whether you're a home seller, owner or buyer, by this point you've got to be feeling a little rattled. The bad news about the housing market seems never ending: Foreclosures have more than doubled over the past year ...
    2007-09-14 05:01:00

  • Pay credit card or mortgage? (Bankrate.com)

    Dear Debt Adviser, I am the poster child for today's housing bust. I am over my head in debt and mortgage payments. By the age of 29, I had three houses. A lot of the down payments were made by cash advances on credit cards and home equity lines of credit.
    2007-09-14 04:42:21

  • South Korean banks say local mortgage sector sound (Reuters via Yahoo! Asia News)

    SEOUL, Sept 14 (Reuters) - South Korea's domestic mortgage loan sector remains sound and will not face any serious problems even if home prices decline, top commercial bank executives told the central bank chief on Friday.
    2007-09-13 08:55:10

  • UPDATE Orange County mortgage casualties (Orange County Register)

    (Updated Aug.28 – BNC Financial, Lending Tree, Impac Mortgage, NovaStar and Quick Loan Funding updated. Lenders Direct Capital Corp. added.) Acoustic Home Loans , Orange. Closed in April 2006. Laid off 203 people.
    2007-09-14 03:53:23

  • U.K. tries to stop a run on big mortgage lender, stocks sink (USA Today)

    Britain's financial authorities stepped in to rescue mortgage lender Northern Rock on Friday as the group, which has lent aggressively to home buyers, fell victim to the sharp rise in borrowing costs between banks. U.K. stocks sank on the news.
    2007-09-14 05:11:55

  • Housebuilders down on weak home prices, mortgage woes (Reuters via Yahoo! Asia News)

    LONDON, Sept 14 (Reuters) - Shares in British housebuilders fell sharply on Friday, with sector leaders skidding over 8 percent, as reports of falling house prices and liquidity problems at mortgage lender Northern Rock raised concerns over reduced home demand.
    2007-09-14 05:36:29

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