Mortgage and Financial News From 2007-10-23 Page 2

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  • Consumers reduce borrowing

    MSN UK News - ... in 2007 as the global credit crunch hits home. Personal loan rates have increased by up to 4 percent, according to recent data from price comparison service Moneyfacts.co.uk. At the same time, lenders are tightening their criteria on both mortgage and ...
    2007-10-23 05:51:00

  • House prices rise, except in Sydney

    News.com.au - ... cities except Sydney in the past year amid favourable economic conditions and despite higher interest rates, a report shows. Mortgage ... PMI Australia chief executive Ian Graham said the rise in house prices coincided with a pick-up in first home ...
    2007-10-23 09:26:00

  • American Home Sues BofA for $25M

    Forbes - American Home Mortgage Investment Corp. is suing Bank of America Corp., alleging that it reneged on coverage of ... swap" protectors, committed to making sure investors don't go unpaid because of changing interest rates or market conditions. American Home ...
    2007-10-23 02:02:00

  • Stocks Waver After Strong Profit Reports

    Forbes - Home Business Tech Markets Entrepreneurs Leadership ... outlooks and S&P downgraded more mortgage-backed securities. However, stock and bond investors hope the Fed will give the market a boost when it meets Oct. 30-31 to decide the future of rates.
    2007-10-23 08:40:00

  • Countrywide To Offer To Rework 82,000 Loans

    Washington Post - ... lender, said yesterday that it will offer to refinance or modify about $16 billion in home ... Modifying these loans is an art, not a science, said Cecala of Inside Mortgage. Many lenders have little experience crafting changes in rates or canceling ...
    2007-10-23 09:11:00

  • Mortgage rates to rocket

    News.com.au - MORTGAGE interest rates will rocket to 8.55 per cent next year - the highest since 2000 - according to property forecasters. The latest ... This year has seen first-home buyers start to return to a market still dominated by upgraders and investment buyers ...
    2007-10-23 05:51:00

  • Stop eating and save money

    News.com.au - THE humble roast chicken dinner is fast becoming a luxury meal - the result of the ongoing ... 1. Prices jump, rate rise coming 2. Allow Facebook 'or staff may go' 3. Aussie mortgage rates to jump 4. Young, successful, rich and dead 5. Home prices up, but ...
    2007-10-23 09:26:00

  • Mortgage industry’s champagne goes flat

    Financial Times - ... is in a 90-day consultation with staff about slashing between 175 and 225 jobs in areas such as mortgage processing. Meanwhile, Advantage Home ... Interest rates in subprime mortgages have risen by 35-75 basis points or more. Some lenders have pulled ...
    2007-10-23 08:21:00

  • Costello rejects home rates alarm

    News.com.au - The point I make is, in the home mortgage market there are no grounds whatsoever for banks to raise their interest rates,'' Mr Costello told journalists. "They have big deposit books, they have not had any increase in official interest rates (for a ...
    2007-10-23 08:36:00

  • As foreclosures surge, mortgage lenders urged to offer relief (The San Francisco Examiner)

    LOS ANGELES ( Map , News ) - 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 03:57:49

  • Costello puts rates heat on banks (Herald Sun)

    AUSTRALIA'S banks have no justification for lifting mortgage interest rates, Treasurer Peter Costello has said. His pre-emptive warning came as lastest inflation figures pointed to an official rate rise next month.
    2007-10-23 09:15:00

  • Mortgage industry feels pressure to give borrowers even more help (The Post and Courier)

    LOS ANGELES — 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. But as defaults and foreclosures snowball,...
    2007-10-23 09:51:39

  • American Home Sues BofA for $25M (AP via Yahoo! Finance)

    American Home Mortgage Investment Corp. is suing Bank of America Corp., alleging that it reneged on coverage of a $25 million shortfall from a recent sale of mortgage loans.
    2007-10-23 01:45:13

  • Aussie mortgage rates to jump (News Interactive)

    MORTGAGE interest rates will rocket to 8.55 per cent next year - the highest since 2000 - according to property forecasters.
    2007-10-23 11:00:00

  • Aussie mortgage rates to jump (Daily Telegraph)

    MORTGAGE interest rates in Australia will rocket to 8.55 per cent next year - the highest since 2000 - according to major property forecasters.
    2007-10-23 11:00:00

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