Mortgage and Financial News From 2007-9-21 Page 21
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Upbeat retail and mortgage data just a ‘hangover of happier times’
Times Online - ... remained strong last month despite the unfolding credit crisis, while mortgage ... Loynes, Capital Economics’s chief European economist, said: “Not only has ... the LTCM [Long Term Capital Management] collapse in 1998, [the MPC] slashed interest ...
2007-09-20 01:01:00 -
Exeter Township mortgage adviser did no wrong, lawyer says
Reading Eagle - It was called a wraparound mortgage, but that’s not really what it was," Case said. "It was an interest-based product, but in the end all they (customers) had ... But Case said Snyder is no criminal and the only thing that will emerge from the ...
2007-09-20 09:00:00 -
Northern Rock effectively 'nationalised' by state guarantee
Daily Telegraph - His view is that the US Federal Reserve interest rate cut, the Bank of England liquidity injection, and the fact that the mortgage book is pretty good means there is ... as the Treasury clarified that its guarantee was for Northern Rock alone, and only ...
2007-09-20 07:34:00 -
The Housing Bubble Pops
CBS News - Adjustable-rate mortgages and interest-only loans, even negative amortization loans (in which mortgage debt grows month by month), became common. The worst of the speculative financing was in the subprime market, where moderate-income home buyers ...
2007-09-20 12:54:00 -
Malaysian shares end morning mixed on regional weakness, subprime ...
Forbes - ... Federal Reserve chairman Ben Bernanke warned overnight of further delinquencies in the US subprime mortgage market as borrowers face interest ... is provided by AFX News and its third party content providers for your personal information only, and ...
2007-09-20 11:24:00 -
Extraordinary Intervention
Washington Post - There's only one explanation for the unexpectedly ... to accept as collateral the same "illiquid" mortgage-backed securities it refused the week before. Meanwhile, the Bank of Japan this week put off indefinitely its plan to begin raising interest rates ...
2007-09-20 09:00:00 -
Fortis trading update:
MSN MoneyCentral - Total income continued to develop favourably as net interest income and net commissions and fees rose again ... and other related events have had a significant impact on the capital markets associated not only with sub-prime mortgage ...
2007-09-20 11:16:00 -
Borse Dubai Gets Stake in Nasdaq
Chicago Tribune - But a potential complication arose only hours later when a group from Qatar said it become the largest stakeholder in the London exchange. Qatar has shown interest in OMX and could perhaps try to spoil Borse Dubai's bid for that exchange. If Qatar ...
2007-09-20 04:43:00 -
Mortgage crisis puts drag on area home sales
Houston Chronicle - Houston-area home sales dipped in August as the national mortgage crisis continued ... They swung back up the following month, only to dip again in May and June ... Hopefully, the Federal Reserve's interest rate cut this week, combined with apparent ...
2007-09-20 10:55:00 -
Central bank raises interest rates
Taipei Times - He said major local lenders such as the Land Bank of Taiwan (¤g¦a»È¦æ) had only slightly increased mortgage interest rates by between 0.38 percent and 0.78 percent earlier this month. He also said the central bank has enough capital to tackle ...
2007-09-20 07:56:00 -
State banking board weighs nontraditional mortgage rule
MSN MoneyCentral - ... in the 2007 state legislative session, Senate Bill 216, requires mortgage originators to provide more information to consumers about the risks in nontraditional mortgage products, such as payment option adjustable-rate mortgages, and interest-only or ...
2007-09-20 02:12:00 -
Nike First Quarter Profit Rises 51 Pct.
Newsday - Nike subsidiaries constitute only $628 million of the $4.7 billion in revenue the company reported Thursday for its first ... Parker said considering the sale of Nike Bauer Hockey was a "tough decision but one we believe is in the best interest of Nike ...
2007-09-20 10:55:00 -
Treasury chief pushes plan for aiding mortgage market (Atlanta Journal-Constitution)
The Bush administration Thursday supported letting two government-sponsored mortgage giants buy and sell "jumbo" mortgages, a move that could boost housing markets in expensive locales.
2007-09-20 05:38:17 -
Mortgage crisis puts drag on area home sales (Houston Chronicle)
Houston-area home sales dipped in August as the national mortgage crisis continued to affect portions of the local housing market. While the overall decline was minimal, sales in the market's largest segment, homes priced between $80,000 and $150,000, were down almost 13 percent, according to the Houston Association of Realtors.
2007-09-20 11:19:51 -
Accord Seen on Revising Mortgage Rules (New York Times)
The Bush administration is softening its opposition to proposals to expand government-backed mortgage companies ahead of an expect wave of foreclosures.
2007-09-20 07:07:20