Mortgage and Financial News From 2007-10-23 Page 01

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  • Mortgage minefields and savvy salesmen

    Boston Online - Fernandez listed only three good reasons for refinancing a mortgage: to shorten the length of time you'll pay; to reduce the interest rate; to convert an adjustable-rate loan into one with a fixed rate. Bad reasons: car, vacation, credit card bills ...
    2007-10-21 05:53:00
  • The race to rescue subprimes

    Christian Science Monitor - Anyone claiming an easy fix to America's mortgage crisis may also want to sell you a low-interest, no-down-payment subprime loan. ... This will help not only homeowners who can still afford a home loan – if given a break ...
    2007-10-23 02:16:00
  • Fitch Ratings Affirms BSCMSI, Series 2005-PWR7

    Forbes - Fitch Ratings has affirmed Bear Stearns Commercial Mortgage Securities Trust's (BSCMS) commercial mortgage pass-through ... Interest-only class X-1 at 'AAA'; --Interest-only class X-2 at 'AAA'; --$33.7 million class B at 'AA'; --$8.4 million class ...
    2007-10-23 02:02:00
  • Countrywide refi plan gets cool reaction

    Los Angeles Times - Countrywide, the nation's largest mortgage lender, said its loan-workout plan ... and traditional mail to reach these borrowers, in many cases before their interest ... sub-prime, adjustable-rate loans in the first place -- or they could only ...
    2007-10-23 10:23:00
  • Housing flameout; California falls into the sea

    Online Journal - The next two are the interest only and negative amortization share of total purchase mortgage originations 2000-2006. Keep in mind, when studying the ARM reset graph that a "study commissioned by the AFL-CIO shows that nearly half of homeowners with ...
    2007-10-23 09:47:00
  • Presidents "R" Us?

    Free Lance-Star - If you believe that, the Easter Bunny has a nice bridge in Brooklyn for sale at an interest-only mortgage rate. No, there will be plenty of folks in 2008 who can't get past Hillary Clinton's gender, Barack Obama's color or his smoking habit, Mitt ...
    2007-10-23 09:33:00
  • Dollar surges past US90c on inflation data

    News.com.au - ... than-expected inflation numbers which boost the chances of a rise in interest rates. ... Westpac senior currency strategist Robert Rennie said the CPI result not only ... Prices jump, rate rise coming 2. Allow Facebook 'or staff may go' 3. Aussie mortgage ...
    2007-10-23 08:50:00
  • Rates fears add to Howard woes

    News.com.au - THE Government might have to deal with a mid-campaign interest rate ... Steve Of Wollongong, Your mortgage repayments under 17% rates during ... What happened to keeping interest rates low? Oh thats right- its only due to Howard and Costello when rates ...
    2007-10-23 08:00:00
  • Australia's Q3 CPI data points to rate hike in November, more to come

    Forbes - ... inflation rate in the third quarter sets the scene for a November 7 interest rate ... influence the RBA's policy decision, including fallout from the subprime mortgage ... News and its third party content providers for your personal information only ...
    2007-10-23 10:37:00
  • Brisbane house prices surge

    News.com.au - ... prices rose in Brisbane in the past 12 months amid favourable economic conditions and despite higher interest rates, a report shows. Mortgage ... The report found Sydney to be the only capital city with negative growth during the year, with the median ...
    2007-10-23 10:23:00
  • As foreclosures surge, mortgage lenders pressured to offer borrowers ...

    International Herald Tribune - It found that most of those companies had modified only about 1 percent of loans with interest rates that reset in ... behind on mortgages sell their homes for more than the value of their mortgage. Another problem has been investors balking at interest ...
    2007-10-23 05:44:00
  • Peter Costello plays down fears of another interest rate rise

    News.com.au - AUSTRALIA'S banks have no justification for lifting mortgage interest rates, Treasurer Peter Costello has said. His ... Jane of Ballarat Comment 26 - it seems you do not understand how to read the interest rate statistics. The only reasonable ...
    2007-10-23 09:47:00
  • Mortgage industry slow to modify loans (The Kansas City Star)

    LOS ANGELES | Countrywide Financial Corp. said Tuesday that it would offer borrowers refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.
    2007-10-23 08:31:45
  • Mortgage Lenders Urged To Offer Borrowers Relief (CBS 5 Bay Area)

    Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.
    2007-10-23 10:01:00
  • Countrywide's New Scare

    Wall Street Journal - ... aren't the only challenge facing Countrywide Financial Corp., the nation's biggest home-mortgage ... They typically have low introductory rates and allow minimal payments in the early years of the mortgage. Multiple payment choices include a minimum ...
    2007-10-23 06:55:00