Mortgage and Financial News From 2007-9-29 Page 13
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U.S. shuts Web S&L hurt by defaults
Baltimore Sun - U.S. shuts Web S&L hurt by defaults Bad loans help sink $2.5 billion NetBank ... was shut down by the government yesterday because of an excessive level of mortgage ... to soaring defaults of home loans made to borrowers with weak, or subprime, credit ...
2007-09-29 12:11:00 -
Foundations of spending built on debt (FT.com via Yahoo! News)
The smug adage "neither a borrower nor a lender be" has gained in force over the past two months. Those with enough cash squirrelled away to sit out the credit squeeze are in a happy position. Most, though, will be worrying about its impact on mortgage and credit card bills, wondering whether the criticism by George Osborne, shadow chancellor, of "an economy built on debt" carries some truth.
2007-09-28 02:40:24 -
For Housing, the Summer of the Unsold (New York Times)
Chaos in the mortgage market helped push conditions in the U.S. housing market from bad to worse in August.
2007-09-28 08:56:59 -
Mortgage lending slows again in Aug (Ireland Business World)
Mortgage lending slowed again in August, according to new figures from the Central Bank out today. Annual growth rates of private-sector credit (PSC) have stabilised at around 20pc since June 2007. The adjusted annual rate of increase in August was 20.1pc, marginally down from 20.3pc in July.
2007-09-28 04:45:27 -
Bruss: It's possible to improve credit score (The Tennessean)
Even if you have bad credit, if you have good income you can probably buy a home. Working with a savvy buyer's agent is the best way to (1) find a house or condo you want to own and (2) finance it, especially if you are cash challenged.
2007-09-29 12:07:02 -
Come on, the mortgage industry isn't that bad (Los Angeles Times)
WASHINGTON -- The term "mortgage meltdown" has become so commonplace that borrowers might assume that this is a tough time to get a mortgage.
2007-09-28 11:39:07 -
New Zealand’s International Tax Reform
Scoop - The shake-up was triggered by so-called sub-prime mortgages in the US, where some lenders found out they had been a little ... This may well reverse that trend." To sum up our business tax package, the paper said: "R&D investment could flow back ...
2007-09-27 02:18:00 -
The Allstate Corporation at Keefe, Bruyette & Woods, Inc. Insurance ...
Insurance News Net - As a quality originator, the quality of the servicer, security credit rating, underlying characteristics of the mortgages ... Those multiples may change, hopefully we would like to see that reverse over time and I think for us, the best thing to do ...
2007-09-28 04:45:00 -
The Greenspan hangover
Boston Globe - ... budget surpluses were better spent on paying down the national debt than on tax cuts, Greenspan suddenly seemed to reverse ... Rather than red-flagging dicey loan products, Greenspan publicly touted the virtues of adjustable-rate mortgages. Now ...
2007-09-26 06:37:00 -
The Return of Muddle Through
FXStreet.com - Since mortgages rates are typically geared of the yield of the ten year bond, this is a cut that has not helped the consumer ... When everyone is on the same side of a trade that is usually when the trend is getting ready to reverse, at least for awhile ...
2007-09-29 01:16:00 -
Fragile markets risk relapse
Financial Times - That could put the market healing process into reverse. Even before Friday’s distress sale of Net Bank, a US internet bank ... asset-backed commercial paper market (ABCP), where stress is now more tightly confined to paper backed by problem mortgages ...
2007-09-28 05:45:00 -
A Pro Licence? Surely a Blue Peter (Kenyon) badge counts
Times Online - But you still had to reverse around a corner and not run anybody over, so credit where it’s due. Furthermore, in swimming ... Tuesday Gunners To Pay Off Season Ticket-holders’ Mortgages. “It’s just our way of saying thank you,” Hill-Wood explains
2007-09-28 07:46:00 -
Hong Kong shares open higher but quickly reverse course; China ...
Forbes - AFX News Limited Hong Kong shares open higher but quickly reverse course; China properties hit 09.27.07, 11:47 PM ET ... counters were sharply lower after China confirmed that interest rates and down payments on some categories of mortgages will ...
2007-09-26 05:54:00 -
You Won't Be Able to Retire
Motley Fool - According to an August study (link opens a PDF) published by the Center for Retirement Research at Boston College, "Even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their ...
2007-09-28 10:28:00 -
Stock futures pare early losses but still down after key economic data ...
CNBC - Freddie Mac, the nation's second-largest financer of home mortgages, said late Thursday it's paying a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year accounting lapse. Oil prices rose back above ...
2007-09-28 06:18:00