Mortgage and Financial News From 2007-10-16 Page 01

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  • Workers want hours cut

    News.com.au - ... to make ends meet on the wages we're on already without having kids and a mortgage ... her studies at university for the next two and a half years, so she can only ... Oil price pressures Qantas and Virgin Forecast: Mac Bank tips more interest rate ...
    2007-10-16 10:10:00
  • Loans to finance oil rigs has turned a risky bet into a winner

    International Herald Tribune - While contagion from U.S. mortgage defaults caused the value of debt with ratings ... Bondholders charge rig builders interest as high as 12 percent, or about 50 percent ... They yield more in part because only a limited number of investors can buy debt ...
    2007-10-16 10:46:00
  • ICBC to Speed Expansion Abroad With Outlets, Mergers (Update2)

    Bloomberg - ... in the past two years, are seeking targets overseas as the U.S. subprime mortgage ... Jiang declined to be specific about what takeovers he's planning, saying only ... China's banks rely on interest margins, the difference between what they pay ...
    2007-10-16 09:55:00
  • Whispers about Chinese interest bolster BG

    Financial Times - Whispers about Chinese interest bolster BG By Neil Hume and Robert Orr Published ... group, was in demand again on Tuesday, and record crude prices were only part of ... Credit Suisse warned on the outlook for the UK mortgage market; there was a rise in ...
    2007-10-16 10:28:00
  • Fitch Affirms Bear Stearns Commercial Mortgage Securities Trust 2006 ...

    Forbes - Fitch Ratings has affirmed Bear Stearns Commercial Mortgage Securities Trust, series 2006-TOP24, as follows: --$53.9 ... Interest-only class X-1 at 'AAA'; --Interest-only class X-2 at 'AAA'; --$28.8 million class B at 'AA'; --$13.4 million class ...
    2007-10-16 08:34:00
  • Bigger Homes May Lose Out On Mortgage Interest Deduction

    PLANetizen - Under the plan, owners of 3,000- to 3,199-square-foot homes would be eligible for only 85 percent of the mortgage interest deductions they now receive. Homes of 3,600 to 3,799 square feet would lose 60 percent of the interest deductions, homes of 4 ...
    2007-10-16 07:01:00
  • Behind Subprime Woes, A Cascade of Bad Bets

    Wall Street Journal - At the time, a prime, 30-year fixed-rate mortgage had an interest rate of 5.87%. But the introductory rate on Mr. Rodriguez's ARM would ... Bryon Veal, who ran the brokerage, says he typically warned customers to use adjustable-rate products only if they ...
    2007-10-16 08:58:00
  • Mortgage bankers predict tough times until at least the third quarter ...

    Marketwatch - That said, borrowers of conforming loans shouldn't see too many surprises in the near future: The last MBA estimate of mortgage rates clocked the interest rate on a 30-year fixed-rate mortgage at 6.4%, and the group predicts the rate will rise only ...
    2007-10-16 10:10:00
  • 40,000 use credit cards to pay their mortgage (The Herald)

    More than 40,000 households in Scotland have resorted to using credit cards to pay their mortgage or rent during the past year, research shows today.
    2007-10-16 02:03:04
  • Thornburg Mortgage Reports 3Q Earnings (FinanzNachrichten)

    Thornburg Mortgage, ( Nachrichten ) Inc. (NYSE:TMA), a leading single-family super-prime residential mortgage lender focused principally on the jumbo and super-jumbo segment of the adjustable-rate mortgage (ARM) market, today reported a net loss before preferred stock dividends for the quarter ended September 30, 2007 of $1.084 billion, or a loss of $8.83 per common share, as compared to net ...
    2007-10-16 08:02:15
  • Fitch Ratings Affirms DMARC, Series 1998-C1 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings has affirmed Deutsche Mortgage & Asset Receiving Corp.'s commercial mortgage pass-through certificates, series 1998-C1, as follows: Interest-only class X at 'AAA'; $78.8 million class B at 'AAA; $109 million class C at 'AAA'; $99.9 million class D at 'AAA'; $27.2 million class E at 'AAA'; $45.4 million class F at 'AAA'; $45.4 million class G at 'A'; $18.2 million class ...
    2007-10-16 12:08:00
  • Thornburg Mortgage Reports 3Q Earnings (Finanzen.net)

    Thornburg Mortgage, Inc. (NYSE:TMA), a leading single-family super-prime residential mortgage lender focused principally on the jumbo and super-jumbo segment of the adjustable-rate mortgage (ARM) market, today reported a net loss ...
    2007-10-16 07:53:41
  • Whispers about Chinese interest bolster BG (FT.com via Yahoo! News)

    BG Group, the oil and gas exploration group, was in demand again on Tuesday, and record crude prices were only part of the reason.
    2007-10-16 03:50:13
  • Want a Mortgage? Start by Settling Your Score (The Bradford Era)

    (ARA) - Anyone who's been denied credit may feel the old adage "you can't fight city hall" should be replaced by a new axiom: "You can't fight the credit system." But not only can you fight, if you're even thinking about applying for a mortgage in the future, you almost certainly need to.
    2007-10-16 07:28:02
  • Fitch Affirms Bear Stearns Commercial Mortgage Securities Trust 2006-TOP24 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings has affirmed Bear Stearns Commercial Mortgage Securities Trust, series 2006-TOP24, as follows: $53.9 million class A-1 at 'AAA'; $173.2 million class A-2 at 'AAA'; $91.6 million class A-3 at 'AAA'; $81.0 million class A-AB at 'AAA'; $715.3 million class A-4 at 'AAA'; $153.5 million class A-M at 'AAA'; $101.7 million class A-J at 'AAA'; Interest-only class X-1 at 'AAA'; ...
    2007-10-16 08:33:00