Mortgage and Financial News From 2007-10-16 Page 2

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  • Delphi and Calpine Bondholders Undermined by Subprime Seizure

    Bloomberg - ... said yesterday that due to ``historically high volatility'' in the debt markets, it may have to pay higher interest rates ... The weak credit markets triggered by the crisis in subprime mortgage lending have already scuttled one reorganization plan ...
    2007-10-16 05:28:00

  • Moore issues rules for mortgage lenders

    Winston-Salem Journal - Wading deeper into the mortgage-industry meltdown, N.C ... mortgages they could not afford by low teaser rates and other tactics,” Moore said during a news conference. “They were sold loan products that covered more than the total value of their home
    2007-10-16 11:07:00

  • Atlanta Foreclosures Hit Record High

    WXIA 11 Alive - About one in four metro Atlanta home buyers in recent years has relied on a "subprime" mortgage. Such loans come with higher interest rates than "prime" loans, which are offered to borrowers who have better credit and money for a down payment. Across ...
    2007-10-16 09:27:00

  • Bill toughens oversight of home loan originators

    Boston Globe - ... homebuyers to get counseling before obtaining a mortgage, give homeowners facing foreclosure an opportunity to renegotiate better terms, and for the first time license up to 20,000 non-bank home ... and other cities with high foreclosure rates. At the ...
    2007-10-16 04:12:00

  • About FHA

    Detroit News - The Federal Housing Administration has insured more than 34 million home ... FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the ... FHA loans typically have lower interest rates than sub-prime loans and if the ...
    2007-10-16 10:38:00

  • Wells Fargo hit by home loan woes

    San Gabriel Valley Tribune - ... slowest pace in more than six years during the third quarter, dragged down by deteriorating home ... their monthly mortgage payments as once-low adjustable interest rates reset to higher levels. "The housing sector is weak and we are not immune ...
    2007-10-16 07:47:00

  • Costello stumped on Labor 'mortgage costs'

    News.com.au - Local Business Jobs Cars Property Home Improvement Dating General Trader ads Personal ... Peter Costello was lost for words today when asked to explain why interest rates ... Labor government people could expect to pay $3276 per year extra on their mortgage ...
    2007-10-16 11:14:00

  • Slump in Houston home sales spreads

    Houston Chronicle - Single-family home sales in the Houston area fell 15 percent in September as the ... of loans that proliferated during the housing boom have low initial interest rates ... current risk to our economy," he said, while calling for changes in mortgage lending ...
    2007-10-16 10:24:00

  • Million US home foreclosures forecast

    News.com.au - The problems were compounded by higher interest rates, which made it harder for many home buyers, especially those who took out adjustable-rate loans, to make payments. Because many of the risky or "subprime" loans were repackaged into mortgage-backed ...
    2007-10-16 08:58:00

  • 3RD UPDATE: D.R. Horton Reports 39% Quarterly Decline In Home Orders (Nasdaq)

    BOSTON (Dow Jones) -- D.R. Horton Inc., one of the nation's largest home builders, said Tuesday that net sales orders for the fourth quarter fell 39% from a year earlier and that it sees signs of tighter mortgage availability.
    2007-10-16 12:09:26

  • Making Home Equity Work for You (ThirdAge)

    If you're like most Americans, your home is your most valuable asset and your mortgage payment is almost certainly your largest monthly payment.
    2007-10-16 11:19:21

  • China Construction Bank says mortgage book healthy (Reuters via Yahoo! Malaysia News)

    BEIJING, Oct 17 - China Construction Bank's home-loan book is in good shape, Chairman Guo Shuqing said on Wednesday, brushing aside reports that its mortgage portfolio is deteriorating as interest rates rise.
    2007-10-16 08:36:12

  • Yen May Extend Rally Versus Dollar Before U.S. Housing Report

    Bloomberg - ... Fargo & Co., the second-largest U.S. mortgage ... and buy assets in nations with higher rates. Australia's benchmark interest rate is 6.5 percent. New Zealand's is 8.25 percent.
    2007-10-16 02:10:00

  • Home buyers caught in stamp duty net

    Daily Telegraph - Within months of taking over the Treasury, Mr Brown introduced two higher rates ... Martin Ellis, the chief economist at Halifax, the country's largest mortgage lender ... The Treasury pointed out that it doubled the lowest threshold from £60,000 to ...
    2007-10-16 05:59:00

  • Inflation flat as utility bills ease

    Guardian Unlimited - Analysts said this would make it easier for the Bank to cut interest rates in the ... Inflation is at its lowest in over a year and a long way below the 3.1% peak it hit ... The RPIX measure, which excludes mortgage interest payments, rose to 2.8% from 2.7 ...
    2007-10-16 04:19:00

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