Mortgage and Financial News From 2007-11-5 Page 10
Previous Day: 2007-11-04
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Fed: Mortgage standards tightening (The San Luis Obispo Tribune)
More banks have tightened lending standards on home mortgages, the Federal Reserve said Monday in the latest sign of fallout from a spreading credit crisis. The Fed said that many banks reported tighter standards for traditional prime mortgages, nontraditional mortgages such as "interest only" loans and for subprime mortgages, those offered to borrowers with weak credit histories. The Fed ...
2007-11-05 11:39:52 -
Where an interest rate rise will hurt Howard hardest (Sydney Morning Herald)
THIS week's forecast interest rate rise will hit the Coalition hardest in about a dozen critical electorates in Sydney's west and south-west, on the Central Coast and in the mortgage belts of Adelaide, Melbourne and Brisbane.
2007-11-05 05:39:03 -
Braced for rate trifecta
News.com.au - ... prepare themselves for three more interest rate rises in coming months, which would take variable home lending rates ... Also, if all mortgage holders had fixed rates, how does raising interest rates slow their spending? Therefore, should we all just ...
2007-11-05 02:27:00 -
Big writedowns at Citigroup, falling oil, send markets lower
Edmonton Sun - HOME ... RATES ... markets closed lower Monday as an announcement of further huge writedowns in mortgage ...
2007-11-05 01:29:00 -
Wall Street firms see recession nearing
Washington Post - ... The U.S. economy might be edging toward a recession in the wake of mortgage-related ... With home prices dropping, more people about to lose their homes due to ... moves, Wall Street firms believe the Fed will be forced to reduce interest rates ...
2007-11-05 03:31:00 -
Voters asked:
News.com.au - ... came amid almost universal agreement among economists that the Reserve Bank will today move to lift interest rates by 0.25 per cent in a bid to control inflation. This will add an extra $40 a month in mortgage repayments for an average first-home buyer
2007-11-05 03:17:00 -
Dollar Rises Against Euro, Pound
Associated Press - ... Canadian currency in overnight trading at 93.06 Canadian cents, according to Dow Jones' Interbank foreign-exchange rates ... It has continued to suffer from market worries about the U.S. economy driven by the subprime mortgage market crisis. "With a ...
2007-11-05 01:58:00 -
Fannie Mae Announces Plans to Become Current with Filing of 2007 ...
Forbes - Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America. SOURCE Fannie Mae
2007-11-05 02:05:00 -
Stocks Pull Back Amid Credit Worries
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video ... A faltering housing market has made it difficult for those struggling with mortgage payments to refinance and pay off debts. Now, foreclosure rates are spiking ...
2007-11-05 08:07:00 -
Kroszner Says Subprime Mortgage Market May Get Worse (Update2)
Bloomberg - ... cited data showing declines in sales, which are suppressing house prices, and the likelihood of higher mortgage costs as low introductory rates ... for the Advancement of Colored People, National Education Association and National Association of Home ...
2007-11-05 01:58:00 -
Banks tightening standards on mortgages, other loans
Chicago Tribune - WASHINGTON - More banks have tightened lending standards on home mortgages, the Federal Reserve said Monday in the latest ... and are expected to exact an even higher toll as an estimated 2 million subprime mortgages reset to sharply higher rates ...
2007-11-05 11:42:00 -
Citigroup debt downgraded, cuts third-quarter profit
Globe and Mail - Home National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... markets operations and “an inhospitable consumer credit environment” as mortgage ... were forthcoming,” wrote Goldman Sachs & Co. analyst William Tanona, who rates ...
2007-11-05 01:22:00 -
Investors Bugger Off British Stocks
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... The central bank has raised rates five times this year, and has held them steady ... Beleaguered mortgage lender Northern Rock (other-otc: NHRKF - news - ...
2007-11-05 01:51:00 -
Australia's Home-Loan Growth May Have Stalled on Rate Increase (Bloomberg.com)
Nov. 6 (Bloomberg) -- Australia's home-loan approvals probably barely increased in September as the highest interest rates in 11 years discouraged borrowing.
2007-11-05 12:57:45 -
Considering bankruptcy due to rising mortgage rates? (The Journal News)
HARRISON -Are you considering filing bankruptcy as a way to protect your home from rising mortgage interest rates? If so, we want to hear your story. The Journal News is looking for readers who have filed, or are considering filing, for bankruptcy in the sub-prime mortgage crisis.
2007-11-05 03:36:40
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