Mortgage and Financial News From 2007-11-5 Page 2

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  • Area home sales plunge; Paterson among hardest hit (The Record)

    Home sales in urban parts of New Jersey, hit hard by the subprime mortgage lending crisis, are reported to have fallen significantly, with Paterson experiencing one of the greatest drops.
    2007-11-05 09:29:14

  • £2,000 fee the norm for a fixed-rate mortgage (Daily Telegraph)

    Banks are charging home buyers ever-higher fees for taking out a mortgage, according to research undertaken for The Daily Telegraph.
    2007-11-05 05:34:37

  • Beazer 4th-Qtr New Home Orders Fall (AP via Yahoo! Finance)

    Home builder Beazer Homes USA Inc. said Monday its fiscal fourth-quarter net new home orders fell 53 percent, blaming an exceptionally high cancellation rate of 68 percent stemming from the ongoing slump in the home mortgage industry.
    2007-11-05 02:32:08

  • Jury goes home without verdict in Shields' mortgage fraud case (The Kansas City Star)

    A federal jury resumed deliberations about 8:20 this morning in the mortgage fraud case involving former Jackson County Executive Katheryn Shields. It left shortly after 4 p.m. without reaching a verdict.
    2007-11-05 07:51:10

  • Allied Home Mortgage Capital Corporation Opens New Branch Office in Landrum (PrimeNewswire via Yahoo! Finance)

    LANDRUM, S.C., Nov. 5, 2007 -- Allied Home Mortgage Capital Corporation has opened a new branch in Landrum, SC. The branch is the 1st one in the city and 7th in the state.
    2007-11-05 12:29:21

  • Alesco Financial Inc. Announces Third Quarter 2007 Financial Results

    PR Newswire - These internal pricing models include discounted cash flow analyses developed by management using current interest rates, specific issuer information and other market data for securities without an active market. Management's estimate of fair value ...
    2007-11-05 09:36:00

  • Banks bitten as £5bn wiped off shares

    Scotsman - Meanwhile, the current level in interest rates is welcome to savers. Also, if consumer spending slows down as a result of high interest rates, then high-street stores are likely to cut their prices to attract lost business. Those at Citigroup UK may ...
    2007-11-05 07:20:00

  • Eurozone growth rates set to be scaled back

    Guardian Unlimited - Gareth Claase, European economist at RBS, said the European Central Bank, widely expected to keep interest rates on hold at 4 ... that strong economic fundamentals in both the eurozone and EU as a whole would help cushion the impact of current ...
    2007-11-05 10:45:00

  • Dow and Nikkei seen hitting new highs by end 2007

    Reuters UK - Once country indexes such as the DAX, the Nikkei and the Dow have ended their current consolidation, new year highs should be possible," Knestel said, citing low real interest rates and moderate valuations. "We will use nervous days to buy stocks ...
    2007-11-05 01:01:00

  • Silver Wheaton Acquires 11% Interest in Mines Management and Right of ...

    MSN MoneyCentral - Silver Wheaton Acquires 11% Interest in Mines Management and Right of First Refusal ... costs of production, reserve determination and reserve conversion rates ... including risks related to international operations, actual results of current ...
    2007-11-05 10:38:00

  • Businesses watching rates, election

    Canberra Times - It would be the fifth rate rise since Prime Minister John Howard was returned to office in 2004 on a promise of maintaining record low interest rates. Executives, not surprisingly, also considered the outcome of the current federal election to be an ...
    2007-11-05 12:03:00

  • AM - Backbenchers consider effects of possible interest rate rise

    Australian Broadcasting Corp. - But there is no question, another increase in interest rates just before Christmas, will devastate many families in Makin. ... Well, I think in a couple of weeks time, they, particularly on an iconic day like the Melbourne Cup, and in the current ...
    2007-11-05 09:50:00

  • Fitch Rates Univ of North Carolina at Chapel Hill $287.6MM General ...

    Forbes - Fitch Rates Univ of North Carolina at Chapel Hill $287.6MM General Revs 'AA+' 11 ... While sizable debt issues in fiscal 2005 and the current issue significantly ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-11-05 12:39:00

  • Fitch Rates Port Huron, Michigan's $7.2MM Rfdg GOs 'A+'

    Forbes - Business Wire - Press Release Fitch Rates Port Huron, Michigan's $7.2MM Rfdg GOs ... The current offering will extend the city's debt amortization to match the pace of ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-11-05 01:44:00

  • Fitch Rates San Ysidro SD, California $34MM GOs 'A'; Outlook Stable

    Forbes - If enrollment does not return to projected growth rates in the 2009 school year ... 2008 budget projects a $3.5 million surplus, but labor contracts for the current ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-11-05 02:12:00

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