Mortgage and Financial News From 2007-10-16 Page 13

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  • State treasurer sets out mortgage 'principles'

    Raleigh News & Observer - State Treasurer Richard Moore today called on mortgage brokers and lenders nationwide to clean up business practices that he said have hurt consumers and led to record defaults on home loans said. Moore said he was speaking as a shareholder of ...
    2007-10-16 09:02:00

  • Moore lists eight principles for mortgage lenders

    Raleigh News & Observer - RALEIGH, N.C. - North Carolina Treasurer Richard Moore has outlined a new list of eight principles for mortgage lenders - and he's threatened to name those companies who won't follow his rules. Moore says the principles are designed to prevent a ...
    2007-10-16 09:31:00

  • U.S. Homebuilder Confidence Index Fell to Record Low (Update2)

    Bloomberg - Treasury Secretary Henry Paulson today said the decline in the housing market is ``the most significant current risk'' to the economy and called for an ``aggressive plan'' by mortgage lenders to head off foreclosures. The homebuilders ...
    2007-10-16 10:57:00

  • Wells Fargo Sees Subprime Storm Ahead

    Forbes - A stubborn subprime cloud continues to hang over America's mortgage lenders. On Tuesday, Wells Fargo (nyse: WFC - news - people )'s profits edged up in the third quarter, but the bank warned that credit conditions will continue to deteriorate well ...
    2007-10-16 11:18:00

  • SoCal home sales collapse to 20-year low

    CNN Money - SoCal home sales collapse to 20-year low Drop came last month as mortgage lenders cut funding for large, expensive homes in half.
    2007-10-16 11:40:00

  • From the Feds

    Boston Online - US Treasury Secretary Henry Paulson Jr., called on mortgage lenders and their affiliates to move more quickly to help struggling borrowers avoid foreclosures on their homes. In a s peech this morning at Georgetown Law Center, Paulson noted that an ...
    2007-10-16 11:33:00

  • Survey: CFOs Place Credit Crisis Blame on Lenders and Brokers (PR Newswire via Yahoo! Finance)

    American companies view mortgage brokers and lenders as the primary culprit for the subprime mortgage mess, according to a recent survey of CFOs conducted by Financial Executives International and Baruch College's Zicklin School of Business.
    2007-10-16 05:00:00

  • Mortgage lenders see slump till at least '09 (San Jose Mercury News)

    BOSTON (AP) - U.S. housing prices will continue to decline at least through the end of next year and may not begin creeping upward again until 2010, executives from the nation's biggest mortgage financiers said Monday.
    2007-10-16 10:48:33

  • State treasurer sets out mortgage 'principles' (The News & Observer)

    The treasurer oversees North Carolina's $75-billion pension fund, which invests in some of the largest mortgage lenders and brokers.
    2007-10-16 09:33:53

  • Mortgage snub rate leaps 60% (FT.com via Yahoo! News)

    The number of borrowers rejected by mortgage lenders has leapt in the past six months as it has become more difficult for financially insecure house buyers to borrow.
    2007-10-15 10:15:23

  • FTSE 250 movers: Mortgage lenders to struggle, says S&P (ShareCast via Yahoo! UK & Ireland Finance)

    Credit ratings giant Standard & Poors (S&P) said yesterday that whilst large diversified banks have seen an easing of the credit crunch in recent weeks, UK mortgage lenders such as Bradford & Bingley are likely to continue to struggle to raise funds, thanks to a loss of appetite among investors for mortgage-backed securities.
    2007-10-16 04:20:06

  • Moore lists eight principles for mortgage lenders (The News & Observer)

    North Carolina Treasurer Richard Moore has outlined a new list of eight principles for mortgage lenders - and he's threatened to name those companies who won't follow his rules.
    2007-10-16 10:33:43

  • UK Sept. Inflation is Steady at 1.8%

    CNBC - Consumer prices in the United Kingdom rose 1.8 percent in September compared with a year earlier, unchanged from the previous month, the government said Tuesday. The report was a further sign that recent interest rate hikes have put the brakes on ...
    2007-10-16 05:20:00

  • Falling power bills hold inflation

    Croydon Guardian - ... lowest rate since March last year - figures from the Office for National Statistics (ONS) showed. The CPI was less than the 1.9% forecast by economists, and remains below the Bank of England's 2% target - offering possible hopes of an interest rate cut
    2007-10-16 09:38:00

  • Bank of Canada holds rate steady, drops growth forecast

    CBC News - The Bank of Canada left a key interest rate unchanged on Tuesday but lowered its 2008 growth forecast for the Canadian economy. As expected, the central bank left its overnight rate steady at 4.5 per cent, where it has been since a quarter ...
    2007-10-16 08:41:00

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