Mortgage and Financial News From 2007-9-9 Page 01
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John howard will lead Coalition in to next election
News.com.au - ... are bad, very bad, but we mustn't abandon our capacity as political beings to think through the merits of the current ... want to vote for the cardboard cutout then I will happily take the higher interest rates on my investments as mortgage rates and ...
2007-09-09 05:39:00 -
Bush hits just right note in facing housing mess
Caymen Net News - Bush revealed last week his policy response to the mortgage crisis. His measured ... marketing, low down-payment requirements, and low teaser interest rates. Many ... This speculation did much to exacerbate the current crisis. Jay Brinkmann, a vice ...
2007-09-09 10:04:00 -
The Fed Can Fix This
New York Sun - A simple yet overlooked thought in the current debate about the health of the ... They look at currencies, commodities, bond rates, and a host of other price ... bet that the financial sector will deliver downside surprises as today's mortgage ...
2007-09-09 10:25:00 -
Asian stocks tumble
MSN UK News - ... for the first time in four years suggested that a credit squeeze stemming from problems in the U.S. subprime mortgage ... Analysts believe the Fed may opt for an unusually big cut in rates from the current 5.25 percent to help restore confidence among ...
2007-09-09 09:06:00 -
New Federal loans help reset-rate homeowners
Palm Beach Post - Answer: An FHA loan is only modestly more costly than an ordinary loan, said Jeff Lazerson, a mortgage broker in Laguna Niguel, Calif. Current rates for a traditional "conforming" loan average just above 6 percent, according to North Palm Beach-based ...
2007-09-09 08:52:00 -
Storm clouds gather for US economy as job growth stalls
New Straits Times - ... say the worst may be yet to come, since housing remains mired in its worst slump in decades and job cuts in the mortgage and ... Now, say many analysts, the Fed is almost forced to cut rates, and the only remaining question is by how much and how ...
2007-09-09 08:16:00 -
Japanese govt bonds end morning higher following disappointing US jobs ...
Forbes - ... Bank of Japan faces increasing difficulties in hiking interest rates this month as there is a sign that the subprime mortgage trouble is having an impact on the US real economy,' said Akitsugu Bando, senior strategist at Okasan Securities. Current ...
2007-09-09 10:04:00 -
Will the Sub-Prime Crisis Reach Manhattan? (Gotham Gazette)
The current crisis in the sub-prime mortgage market has pundits wondering what the effect of the turmoil in the financial markets could be. Will it result in a recession, a crisis in consumer confidence or the failure of a major financial institution?
2007-09-09 09:19:07 -
Man gets jail time for cashing checks of fake employees if he can’t ...
Naples Daily News - ... up to 30 years in a state prison on the third-degree felony, but his sentence was part of a plea agreement negotiated by Brock and defense attorney John O. McGowan of Naples. McGowan told the judge that Cavazos' wife is trying to refinance their home ...
2007-09-09 03:51:00 -
This could be the best time to buy a home according to one woman
New York Post - At one... more > TANKING LOANS HIT RECORD Reuters The rate of U.S. home loans in foreclosure rose to a record high in the second quarter of 2007 as more homeowners in California, Florida and other states could not refinance their adjustable-rate... more > ...
2007-09-08 05:54:00 -
Caroline Baum: How home buying turned into a game of chance (Asbury Park Press)
Homeownership has long been considered a desirable goal. Put a person in a home of his own, the thinking goes, and he starts to care about the quality of local education, maintaining a drug- and crime-free neighborhood, and the appearance of his property and the block on which he lives. (See Summers, Lawrence: "In the history of the world, no one ever washed a rented car.")
2007-09-09 05:18:31 -
Business forum: Put affordable housing into the election
Minneapolis Star Tribune - ... Street to Main Street, the affordable housing issue is being overshadowed by the credit ... How will the candidate help the families who became victims of those bad loans? Ask the candidate what needs to be changed in the larger mortgage system. ...
2007-09-09 01:35:00 -
AP Business NewsBrief at 5:50 p.m. EDT
CNBC - Some experts _ and hedge fund investors who have made big bets that the mortgage ... default rates on bonds backed by subprime loans made to borrowers with weak credit. ... operations, should be taken as a warning sign _ in flashing red _ that more bad ...
2007-09-09 02:54:00 -
Global credit crunch: The impact on your shares, funds and pensions
This is Money - August 2007 was painful for investors. The 'credit crunch' – spurred on by financial institutions' exposure to bad credit in the US subprime mortgage market - severely rocked markets and has been a timely reminder to investors that what goes up can ...
2007-09-06 05:57:00 -
Wall Street Credit Costs Surge on Widening Spread to U.S. Rates
Bloomberg - ... S. asset-backed securities, such as bonds that repackage subprime loans or credit ... As mortgage applications drop, Lehman, the biggest underwriter of bonds backed by ... notes in August, after two of the firm's hedge funds collapsed because of bad ...
2007-09-08 05:54:00