Mortgage and Financial News From 2007-11-5 Page 9

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  • Sector Wrap: Banks Decline (AP via Yahoo! Finance)

    Renewed worries about tightening credit and further expected writedowns from ailing subprime mortgages sunk shares of major U.S. banks Monday.
    2007-11-05 12:17:36

  • Banks reel as Citigroup chief quits (AFP via Yahoo! News)

    International banks were left reeling Monday after the resignation of Citigroup chief Charles Prince, the second major US banker to quit in a week over massive losses in the subprime mortgage crisis.
    2007-11-05 09:48:29

  • Warsaw shares close down for second session, KGHM leads drop - UPDATE (Sharewatch)

    (Update adds more details, comments) WARSAW (Thomson Financial) - Warsaw shares closed lower for the second session as investors sold copper miner KGHM amid falling commodity prices and concerns about more credit losses at the world's largest banks.
    2007-11-05 08:02:37

  • New York attorney general Cuomo says new housing-related lawsuits ...

    Forbes - ... systemic flaws in the lending industry that have helped feed the ongoing mortgage ... Mutual to inflate home appraisals, which Cuomo said is a conflict of interest that ... News and its third party content providers for your personal information only ...
    2007-11-05 11:21:00

  • UDR Establishes $650 Mln Joint Venture [UDR]

    RTT News - At closing, the venture secured a $232 million, seven year, interest only, 5.61% non-recourse mortgage on the properties and a $22 million six year, interest only, 5.55% non-recourse mortgage to be funded upon completion of the homes under development
    2007-11-05 12:54:00

  • Fed's Kroszner says subprime problems could 'get worse before they get ...

    Forbes - WASHINGTON (Thomson Financial) - Problems in the subprime mortgage sector are could ... for more than 400,000 subprime mortgages are scheduled for their first interest rate ... News and its third party content providers for your personal information only ...
    2007-11-05 10:23:00

  • Michael Jackson defaults on $25m loan

    News.com.au - ... amount — $25 million plus $231, 354 in interest ... But the ranch is not Jackson’s only piece of highly leveraged property. According to records, the Jackson family home in Encino — which Michael owns — carries a $4 million mortgage.
    2007-11-05 02:12:00

  • 110 comment(s) about this story

    News.com.au - High interest rates not only mean higher mortgage repayments, but a flow-through to everybody else who cant afford to get a mortgage like us, through higher rents, thus making it less affordable to have a roof over your heads and putting the spectre ...
    2007-11-05 03:17:00

  • Mark Vaile reveals tension over possible rate rise

    News.com.au - ... Vaile has revealed the tension within the Coalition as it faces a likely interest ... Shadow treasurer Wayne Swan said the last five rates had hit average NSW mortgage ... rise, an exclusive Galaxy poll in yesterday's The Daily Telegraph found only 12 ...
    2007-11-05 02:19:00

  • UDR Announces Third Quarter 2007 Results

    Forbes - At closing the venture secured a $232 million, seven year, interest only, 5.61% non-recourse mortgage on the properties and a $22 million six year, interest only, 5.55% non-recourse mortgage to be funded upon completion of the homes under development ...
    2007-11-05 01:01:00

  • UDR Creates $650 Million Joint Venture

    Forbes - At closing, the venture secured a $232 million, seven year, interest only, 5.61% non-recourse mortgage on the properties and a $22 million six year, interest only, 5.55% non-recourse mortgage to be funded upon completion of the homes under development
    2007-11-05 12:39:00

  • Only telecoms beat the sub-prime slide

    Guardian Unlimited - Only telecoms beat the sub-prime slide Nick Fletcher Tuesday November 6, 2007 ... The mortgage bank later said it had raised all the funds it needed in recent weeks ... One private equity firm 'follows ITV with interest' but believed 'ITV needs a major ...
    2007-11-05 03:38:00

  • RBA board faces mortgage strain

    News.com.au - Company directors Jillian Broadbent, Roger Corbett and Graham Kraehe appear to be mortgage free, while the only ... I do not consider that my having a mortgage presents a conflict of interest, real or perceived." Mr Stevens said members were ...
    2007-11-05 03:24:00

  • Answer Desk: Does Fed's rate cut help consumers?

    MSNBC - Fed cuts interest rates a quarter-point Answer Desk: Which is worse: foreclosure or bankruptcy ... Treasury bond is a little cheaper than it was five minutes ago, that tends to bring mortgage rates down. (Though rates on new mortgages are usually set only ...
    2007-11-05 03:53:00

  • Virgin Money set to take over mortgage firms (Daily Telegraph)

    VIRGIN Money has revealed it is in talks for the possible takeover of two mortgage distributors in Australia and has flagged that it wants to talk to more.
    2007-11-05 08:00:00

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