Mortgage and Financial News From 2007-9-29 Page 11
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What Lenders Can Learn From Cruise Ships
Washington Post - There are no figures, but I would guess that on home purchase transactions where the purchaser has an existing mortgage, the lender holding that mortgage gets the new loan less than 5 percent of the time. On refinances, one might expect that the ...
2007-09-29 04:29:00 -
VOICE OF THE PEOPLE (Letters)
Chicago Tribune - Before they sign away their financial security, would-be home buyers are learning basic budgeting skills and receiving credit counseling, as well as advice on choosing a reputable lender and manageable mortgage loan; hiring attorneys and home ...
2007-09-29 03:25:00 -
ING Direct steps in as US bank collapses
MSNBC - Many small mortgage lenders have been forced out of business in the wake of the mortgage crisis and Countrywide Financial, the largest US home lender, appeared close to failure over the summer. Countrywide was aided by a $2bn equity investment from ...
2007-09-29 12:54:00 -
Stocks fall on concerns over credit markets (The Charlotte Observer)
The Markets Stocks fall on concerns over credit markets U.S. stocks dropped, paring the biggest September advance since 1998, on concern that credit-market losses may worsen after a private group said more Americans are missing mortgage payments. Wells Fargo & Co., the second-largest U.S. home lender, and Washington Mutual Inc., the country's biggest thrift, helped lead bank shares lower for ...
2007-09-29 05:10:15 -
New wrinkles put dream home within reach (Toronto Star)
While spiralling real estate prices in the GTA make buying that dream home a more costly venture than ever before, financial institutions are keeping buyers in the market with ever-longer mortgage terms and smaller down payments.
2007-09-29 01:43:57 -
American Home Says It Can Seize Savings (AP via Yahoo! Finance)
American Home Mortgage Investment Corp. said it should be allowed to go after about $23 million of its employees' retirement savings because it gave them fair warning the money could be seized if the company sank into bankruptcy.
2007-09-28 06:09:28 -
Dollar falls, gold rises in Europe
Syracuse Post-Standard - The euro traded at $1.4220, breaking through the $1.42 mark for the first time on Friday and hitting its seventh consecutive record against the dollar as U.S. inflation data reinforced expectations that the Federal Reserve may soon cut interest rates ...
2007-09-28 03:50:00 -
Rates drop and our savings suffer
Minneapolis Star Tribune - I would recommend that you consider the amount of money you expect to “lose” on interest, and re-direct that dollar amount into cd’s or ... The market is approaching 14k, unemployement is extremely low, interest rates are fantastic, yet you ...
2007-09-26 05:54:00 -
Rupee and the IT sector
Economic Times - Never mind its impact on inflation and interest rates. Well, no harm in having one’s expectations and hopes and sending some gentle signals along those lines. But even as those gentle signals are finding their audience, there are certain ...
2007-09-28 10:24:00 -
Consumer Spending, Construction Show Unexpected Gains While Inflation ...
New London Day - The Fed last week cut a key interest rate by a bolder-than-expected half point in an effort to ward off a recession, a ... While many economists believe the Fed will cut rates again in October, some analysts said that reduction may be a smaller ...
2007-09-29 03:03:00 -
While the dollar's drop is drawing buyers into energy markets, others ...
San Diego Union-Tribune - That's because the dollar has been sliding against other currencies since the Federal Reserve cut interest rates last week. The dollar fell further on Friday on expectations another rate cut is coming. Buying by foreign investors precipitates new ...
2007-09-28 05:45:00 -
Bargains evaporating in today's hot energy market
Calgary Herald - Most central banks try to control inflation by raising interest rates, which cuts growth and means high oil prices can indirectly stunt economic growth, Drollas said. Generous giveaways of free carbon emissions rights by European Union member states ...
2007-09-29 05:12:00 -
Business Watch (Louisville Courier-Journal)
Oil prices fell yesterday as a late flurry of selling overcame an earlier rally driven by the weakening dollar.
2007-09-29 03:03:19 -
A book to give you the edge in selecting a mortgage (The Providence Journal)
WASHINGTON — The news in the housing sector just keeps getting worse.
2007-09-28 08:35:47 -
Links to other sources of news and commentary
Online Journal - ... could generate profits of hundreds of millions of pounds from the stricken mortgage ... the full implications of the Federal Reserve’s new course for interest rates. ... nuclear-related facility that North Korea was helping to equip, according to current ...
2007-09-24 03:48:00