Mortgage and Financial News From 2007-9-29 Page 8
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Logs Network Choses CSC's Mortgage Default Management Software
HULIQ.com - HEART (Homeowners Equity Assisted Retention Team) provides loss mitigation services to mortgage lenders in conjunction with member firms of the LOGS Network. EarlyResolution is configurable to reflect the individual rules of each of these clients so ...
2007-09-29 03:10:00 -
Good intentions, bad results
Minneapolis Star Tribune - ... tell, practically speaking, whether a specific property is going to have this problem because there is no way of getting this info before you have title work done." The situation comes to the forefront at a time when HUD officials and mortgage lenders ...
2007-09-29 07:49:00 -
Borrowers Are Feeling Some Heat, but It's Not a 'Mortgage Meltdown' (Washington Post)
The term "mortgage meltdown" has become so common -- on TV, in headlines and in casual conversations -- that you might assume that this is a tough time to get a mortgage.
2007-09-28 03:04:52 -
Mortgage money plentiful for those with good credit (Seattle Times)
There is no "mortgage meltdown'' and rates, even for jumbo loans, remain relatively low. But expect greater scrutiny when applying.
2007-09-29 12:32:53 -
Philippine shares extend gains as market weighs possible interest rate ...
Forbes - MANILA (Thomson Financial) - Philippine shares rose in early session Friday, with the main index briefly trading above the 3,600-point level, as investors adjusted their portfolios on the last trading day of the third quarter and weighed the ...
2007-09-27 08:59:00 -
Officials warn there may be no rate cut
Worcester Telegram & Gazette - Four Federal Reserve bank presidents yesterday warned investors against assuming the central bank will lower interest rates in October, indicating that weaker economic data would be needed to justify the move. “It would be a mistake for markets to ...
2007-09-29 01:23:00 -
China Bank Raises Mortgage Interest Rate
MSN MoneyCentral - SHANGHAI, China (AP) - China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices. The widely expected ...
2007-09-28 02:14:00 -
Interest rate hike fails to arrest realty boom, tax kitty shows
Times of India - NEW DELHI: Bankers and realtors may be complaining of being adversely hit by the impact of rising interest rates but that does not reflect in the tax paid by them so far this year. In fact, if the data on advance tax collections are anything to go by ...
2007-09-28 04:05:00 -
The Great Inflation Fraud
Slate - Readings on core inflation have improved modestly this year," the Federal Open Market Committee said in justifying its 50-basis-point interest-rate cut last month, while conceding that "some inflation risks remain." Catch that bit about "core inflation ...
2007-09-29 04:58:00 -
Household expenses up $200 a month
News.com.au - Home loan borrowers are repaying up to $150 more a month than a year ago after three interest rate rises. And some borrowers can soon expect to repay $50 more a month as mortgage providers lift rates. Record low housing affordability will push up ...
2007-09-29 07:35:00 -
Junk Bonds Return Most in Four Years After Rate Cut (Update2)
Bloomberg - Sept. 28 (Bloomberg) -- U.S. high-yield bonds posted the best returns in four years this month after the Federal Reserve's interest rate cut enticed investors back to the riskiest debt. Speculative-grade bonds returned 2.4 percent, the most since ...
2007-09-28 04:55:00 -
Fed Official: Markets Will Calm
The Ledger - Poole currently is a voting member of the Federal Open Market Committee, the group including Fed Chairman Ben Bernanke that sets interest rate policy in the United States. That panel last week voted to slash a key interest rate by a bold one-half ...
2007-09-29 06:09:00 -
Deutsche Bank Changes Forecast, Expects ECB Rate Cut Next Year
Bloomberg - Sept. 29 (Bloomberg) -- Deutsche Bank AG economists said they expect the European Central Bank to cut its benchmark interest rate by a half point in the first six months of 2008. The Frankfurt-based central bank will ease borrowing costs ``to counter ...
2007-09-29 03:46:00 -
Junk Bonds Return Most in Four Years After Rate Cut (Update2) (Bloomberg.com)
Sept. 28 (Bloomberg) -- U.S. high-yield bonds posted the best returns in four years this month after the Federal Reserve's interest rate cut enticed investors back to the riskiest debt.
2007-09-28 05:04:23 -
Deutsche Bank Changes Forecast, Expects ECB Rate Cut Next Year (Bloomberg.com)
Sept. 29 (Bloomberg) -- Deutsche Bank AG economists said they expect the European Central Bank to cut its benchmark interest rate by a half point in the first six months of 2008.
2007-09-29 03:58:22