Mortgage and Financial News From 2007-10-7 Page 8
Previous Day: 2007-10-06
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Aussie Poised to Follow Loonie to Parity as Rates, Coal Rise
Bloomberg - The rally in Australia's dollar stalled in August as concerns about losses on securities tied to U.S. subprime mortgages ... Kokusai Global Sovereign Open, the world's second-biggest actively managed bond fund after the Pimco Total Return Fund, is ...
2007-10-07 01:24:00 -
MORTGAGES AND MORE: Dispelling some common misconceptions about reverse mortgages (Asheville Citizen-Times)
I received a lot of questions following my last column about reverse mortgages, which made me realize there are misconceptions about them. Here are the top eight misconceptions:
2007-10-06 10:11:25 -
Posturing will not save the planet
MSNBC - America's car industry got into trouble in the first place only because of its reluctance to be made to innovate, Mr ... by Mr Friedman and others on this issue, is trying to drum up support for a gas tax, a carbon tax and a cap on mortgage-interest ...
2007-10-07 11:29:00 -
N.Z. House Price Inflation Slows for First Time Since January
Bloomberg - ... Quotable Value spokesman Blue Hancock. ``Residential sales volumes have been easing for several months and that trend can only continue for so long before it starts to impact prices.'' The average interest rate on a two-year mortgage was ...
2007-10-07 11:00:00 -
One mortgage at a time, please
NorthJersey.com - Still, he's not sure how he will manage to obtain a mortgage for the Siena if he hasn't sold his home by the time he's ready to move. He knows the interest rates on jumbo mortgages have been increasing, and he worries about what the rate will be. And ...
2007-10-07 05:02:00 -
Mortgage slump hits home decor industry
Charlotte.com - ... sign stands sentry outside an existing home on the market in the Country Club area southeast of downtown Denver on Monday, Sept. 24, 2007. Mortgage application volume declined 2.7 percent for the week ending Sept. 28, despite a drop in interest rates ...
2007-10-07 10:39:00 -
Congress working on remedies for mortgages
San Gabriel Valley Tribune - But while legislation moved forward last week to allow judges to modify the terms of a home's first mortgage in a bankruptcy proceeding, it faced fierce objections from Republicans who said it would drive up interest rates. Still, with the peak ...
2007-10-07 12:05:00 -
UBS Chief Admits Ignoring Mortgage Loss Warnings
All Headline News - UBS president Marcel Ospel said the bank underestimated the woes facing the home loans ... We poorly evaluated the impact of changing interest rates in the United States which triggered the problems in that country's mortgage sector," he said.
2007-10-07 11:15:00 -
Volatility could return to markets this week over uncertainty about ...
Thunder Bay Chronicle-Journal - Home Obituaries Sports Business Careers Classifieds ... Federal Reserve intentions for interest rates could translate into cautious ... for the market to deal with in the months ahead, including a huge wave of mortgage ...
2007-10-07 08:44:00 -
Banks slash rates as home loan offtake dips
Business Standard - Bank of Baroda, Industrial Development Bank of India and State Bank of Bikaner and Jaipur have also revised mortgage rates downwards. Meanwhile, Dena Bank has decided to cut its lending rates for fresh home loans, by 50 basis points from October 10
2007-10-07 11:22:00 -
American Seeks to Halt Worker Pay Raises
Newsday - Get Home Delivery ... The proposal would not raise basic wage rates. Leaders of the pilots' union declined to be interviewed about the proposal ...
2007-10-07 12:12:00 -
Mortgage slump hits home decor industry (The Bellingham Herald)
A sign stands sentry outside an existing home on the market in the Country Club area southeast of downtown Denver on Monday, Sept. 24, 2007. Mortgage application volume declined 2.7 percent for the week ending Sept. 28, despite a drop in interest rates, according to the Mortgage Bankers Association's weekly application survey.
2007-10-07 11:14:40 -
Variable mortgages more popular
Channel 4 News - ... has risen for the third month in a row, suggesting consumers think interest rates ... said fixed rate loans continued to dominate, with 79% of people arranging a mortgage ... fell by 41% from 13.1% of the total in August to 7.7% in September, its lowest ...
2007-10-05 08:40:00 -
See Mortgages.
Marketwatch - CHICAGO (MarketWatch) -- Long-term mortgage rates eased this week, following consecutive weeks of increases, Freddie Mac's chief ... Moreover, August's pending existing home sales fell to the lowest level on record, which begins in 2001," he said
2007-10-03 05:53:00 -
5 Myths About Europe
Washington Post - Today, with the stock market jittery over Iraq , the mortgage crisis, huge budget and ... the 15 core nations of the European Union had per capita economic growth rates ... Even France , at 8 percent, is at its lowest rate in 25 years. That's still higher ...
2007-10-05 10:27:00