Mortgage and Financial News From 2007-9-14 Page 3

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

    LONDON, Sept 14 - 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
  • Calif. Home Sales Fall to Lowest Level in 15 Years

    KABC - Statewide home sales dropped to their lowest level for August in 15 years, with a ... What we're seeing is that with the higher interest rates and tighter lending ... lenders and tighter lending practices implemented by other established mortgage ...
    2007-09-14 12:54:00
  • Fed notes high-cost mortgage disparity

    Houston Chronicle - ... to report the race of the borrower for any mortgage with a cost of 3 percentage points over a corresponding Treasury note or bond of similar maturity and five percentage points on a second lien. Homeownership rates Homeownership rates were lowest among ...
    2007-09-11 05:58:00
  • Asset-backed Paper Yields Fall to One-Month Lows (Update1)

    Bloomberg - ... yields on U.S. asset- backed commercial paper fell to the lowest in a month as investor demand rose four days before an anticipated cut in Federal Reserve benchmark interest rates. ... to hold asset- backed debt because of falling prices for mortgage ...
    2007-09-14 12:46:00
  • Pound Falls After U.K. Mortgage Lender Seeks Emergency Funding

    Bloomberg - ... the financial markets will prevent the Bank of England from raising interest rates ... squeeze,'' because of a crunch in global credit following a surge in U.S. mortgage ... It earlier reached the lowest since July 2006. The U.K. currency also had ...
    2007-09-14 09:40:00
  • Jeremy Warner's Outlook: Northern crisis rocks financial system

    The Independent - ... at an all-time high and the chief executive of Britain's fourth largest mortgage ... Only last June, when I lunched with Mr Applegarth, he boasted of the lowest cost-to ... Northern Rock's savings rates are not notably the best on the block. Nor are they ...
    2007-09-14 05:26:00
  • Mortgage banks rock FTSE

    MSNBC - ... cent to 500p after it confirmed it had arranged emergency lending facilities from the central bank, with its mortgage ... Overnight dollar deposit rates their lowest level in a month at 5.16375 per cent , below the Federal Reserve's Fed funds target ...
    2007-09-14 12:03:00
  • Treasury Two-Year Notes Fall on Money Market Rates, Fed Outlook

    Bloomberg - Treasury Two-Year Notes Fall on Money Market Rates, Fed Outlook By Sandra ... paper and the overnight rate banks pay to borrow dollars dropped to the lowest in ... Northern Rock Plc, a Newcastle, England-based mortgage lender, said the Bank of ...
    2007-09-14 01:08:00
  • Consumer confidence tumbles to lowest in nearly 1½ years, shaken by ...

    San Diego Union-Tribune - WASHINGTON – Consumer confidence tumbled to its lowest point in nearly 1½ years ... that can be avoided and are counting on the Federal Reserve to cut interest rates ... Credit problems in mortgage and other markets make it likely that the worst housing ...
    2007-09-14 04:35:00
  • Ripples from shockwave shorten odds of increase in interest rates

    Guardian Unlimited - ... back their expectations for economic growth, house prices and interest rates next ... for the first time in two years and numbers of new buyers dropped to their lowest ... Many home buyers may face less generous mortgage terms. Some impact of recent BoE ...
    2007-09-14 06:16:00
  • Mortgage rates drop (Pioneer Press)

    Rates on 30-year mortgages dropped this week to the lowest point in four months.
    2007-09-13 10:20:27
  • Life Insurance Mortgage Online Quote – How To Shop For Mortgage ...

    Best Syndication - ... for mortgage life insurance online is relatively easy. The mortgage term policy is nothing more than a decreasing term policy. There are 10, 15, 20, and 30 year decreasing term policies and these policy periods can coincide with mortgage loans for ...
    2007-09-14 12:18:00
  • Arizona ranks third for subprime loans

    MSN MoneyCentral - The association also reports that Arizona, Nevada, California and Florida account for a large share of home loans to investors and have higher mortgage default and delinquency rates than the rest of the U.S. Subprime loans usually go to buyers whose ...
    2007-09-14 12:18:00
  • Flagstar Bancorp Announces Mid-Quarter Update Conference Call

    Forbes - At June 30, 2007, Flagstar operated 156 banking centers in Michigan, Indiana and Georgia and 73 home loan centers in 19 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans. For more ...
    2007-09-14 01:36:00
  • First Magnus Seeks OK to Sell Loans

    CNBC - WASHINGTON - Mortgage lender First Magnus Financial Corp. has sought bankruptcy-court approval to sell some construction loans to Summit Investment Management LLC for $6.4 million unless another bidder offers more at an auction. In papers filed ...
    2007-09-14 11:06:00