Mortgage and Financial News From 2007-10-7 Page 2
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Disposable income at lowest level in 10 years
Daily Telegraph - In 1997, when Labour came to power, people were left with 34.5 per cent of their gross income once they had paid taxes, national insurance, mortgage or rent. Now they are left with 32.6 per cent, says a report by uSwitch, a price comparison website. ...
2007-10-07 08:55:00 -
What to ask your flood insurance agent (The Marion Star)
When you call or visit your flood insurance agent, the following questions will help you make sure all your bases are covered. Does my community participate in the NFIP?
2007-10-07 05:39:33 -
Mortgage pros ponder next career move (MSNBC)
Employees in the mortgage sector have been going through an out-of-control roller coaster ride of job insecurity thanks to the housing slump and the subprime lending mess. It may not be an insurmountable problem, however. Your Career, by Eve Tahmincioglu.
2007-10-07 07:05:41 -
Mortgage insurance write-off may help doom combo loans (BizJournals)
A little-known mortgage insurance deduction is helping to make traditional home loans more competitive as exotic loans fall out of favor, mortgage lenders say.
2007-10-07 10:35:38 -
Houston mortgage monitor
Houston Chronicle - The mortgage interest rate list represents a sampling of rates as quoted by lenders in the Houston market on Friday. Rates, which may change on Monday, are for 90 percent loans and do not include origination fees. The numbers in parentheses after the ...
2007-10-05 05:58:00 -
The Truth About House Prices
Sky.com - Compiled by a wide variety of different bodies involved in the homebuying process (the Government, mortgage lenders, property websites, surveyors, you name it), these indices claim to reveal how house prices have changed on a monthly and yearly basis ...
2007-10-02 05:54:00 -
WaMu's earnings likely to drop 75%
Seattle Post Intelligencer - It's everybody's problem," Bradshaw said, citing the numerous banks and mortgage lenders who are warning of earnings declines because of the housing market. "The company did a pretty good job last year of paring back expenses." Shareholders may also ...
2007-10-04 05:59:00 -
A Clear Picture Of Deceit
Brandweek - Today's mortgage lenders—subprime or not—that want to avoid heat (to say nothing of fines) from the FTC should rethink their marketing materials so that the imagery speaks to the appropriate target audiences. Not only is the FTC watching, but ...
2007-10-07 09:09:00 -
Goldman Record Income Shows New Wall Street in Market Shakeout
Bloomberg - Bearish investors have used ABX bets to wager against the health of mortgage lenders to people with bad credit histories. An ABX index tied to 20 subprime mortgage bonds rated BBB- slumped 46 percent in the third quarter. The index has ...
2007-10-07 05:56:00 -
Quinn to Banks: Halt Foreclosures
New York Sun - City Council Speaker Christine Quinn is asking the New York State Banking Department and federal agencies to urge banks to halt foreclosures in low-income and moderate-income neighborhoods. She is also calling for a review of mortgage lenders ...
2007-10-07 09:37:00 -
US Foxtons files for bankruptcy
Daily Telegraph - Foxtons North America, a separate company from the UK business, joins mortgage lenders such as New Century and scores of indebted homeowners as the latest victim of the weakening US housing market. Michael Holt, an attorney for Foxtons North America ...
2007-10-07 08:55:00 -
Sub-prime loans blamed for 7,000 lost homes
Daily Telegraph - Seven out of 10 homes repossessed in recent months were owned by people who bought them with the help of so-called "sub-prime" mortgages – designed for buyers with bad credit records. Research shows that sub-prime mortgage lenders are responsible ...
2007-10-07 08:55:00 -
Local winners, losers in mortgage crisis (BizJournals)
Local mortgage brokers are keeping their eyes on Mainland mortgage companies this year, watching as perhaps as many as 11 lenders doing business in Hawaii have closed their doors.
2007-10-07 10:26:55 -
New Zealand Dollar Gains, U.S. Stocks Rally Buoys Carry Trade
Bloomberg - The local dollar is a favorite for the trade because of New Zealand's record 8.25 percent interest rate, the highest after Iceland's among Aaa rated countries. It gained to a two-month high against the yen as stronger-than-expected U.S. employment ...
2007-10-07 03:47:00 -
Oil extends fall on continued U.S. economic concerns
Reuters India - Oil settled down 22 cents at $81.22 a barrel on Friday, as upbeat U.S. employment data failed to convince investors that demand for energy would rise considerably in coming months, as a high interest rate environment and a slumping housing sector ...
2007-10-07 06:10:00