Mortgage and Financial News From 2007-10-16 Page 3

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  • Paulson, Bernanke Say Housing Woes May Last

    Washington Post - ... Home Builders said its index of builders' confidence fell this month to its lowest ... Law Center yesterday morning, Paulson advocated changes in the ways banks, mortgage ... to analysts that it's an open question as to whether the Fed will cut rates again ...
    2007-10-16 09:27:00

  • Wells Fargo earnings rise 4 percent, lowest growth in six years

    San Diego Union-Tribune - Wells Fargo earnings rise 4 percent, lowest growth in six years ... of crumbling home values and overextended borrowers who can't afford to make their monthly mortgage payments as once-low adjustable interest rates ...
    2007-10-16 01:27:00

  • Forex - Dollar slides vs yen as falling stocks cut risk appetite

    CNBC - Investors usually borrow from Japan, where interest rates are low, and invest the ... have fallen in the past few days on renewed concerns about the subprime mortgage ... who borrowed from Japan, where the 0.5 percent interest rate is the lowest among ...
    2007-10-16 10:38:00

  • U.S. Home Loans to Drop to Seven-Year Low, Mortgage Bankers Say

    Bloomberg - Oct. 16 (Bloomberg) -- The volume of U.S. mortgages will tumble this year to the lowest since the beginning of the ... Confidence among U.S. homebuilders fell to a record in October as declining prices, higher mortgage rates and loan restrictions ...
    2007-10-16 09:55:00

  • Japan Stocks Fall on Mounting Subprime Concern; Banks Lead Drop (Bloomberg.com)

    Oct. 17 (Bloomberg) -- Japanese stocks slipped after Wells Fargo & Co. said it lost almost $900 million on home equity and consumer loans, renewing concern the U.S. subprime mortgage crisis will reduce earnings at financial companies.
    2007-10-16 09:36:12

  • Interest-rate rises hurting homeowners (Otago Daily Times)

    HOMEOWNERS are feeling the effects of increases in interest rates by the Reserve Bank of New Zealand, credit rating agency Standard and Poor’s says. That means the standard of mortgages backing financial products known as residential mortgage-backed securities (RMBS) is deteriorating.
    2007-10-16 09:04:26

  • SoCal home sales collapse to 20-year low (CNN Money)

    Drop came last month as mortgage lenders cut funding for large, expensive homes in half.
    2007-10-16 11:52:27

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

    Oct. 16 (Bloomberg) -- Confidence among U.S. homebuilders fell to a record low in October as declining prices, higher mortgage rates and loan restrictions scared off buyers.
    2007-10-16 11:10:04

  • U.K. Inflation Rate Matches Lowest Since March 2006 (Update1) (Bloomberg.com)

    Oct. 16 (Bloomberg) -- U.K. inflation unexpectedly held at the lowest since March 2006 in September as costs of energy and clothing fell, giving the Bank of England scope to cut interest rates to protect economic growth.
    2007-10-16 02:17:28

  • U.K. Inflation Rate Matches Lowest Since March 2006 (Update3) (Bloomberg.com)

    Oct. 16 (Bloomberg) -- U.K. inflation unexpectedly held at the lowest since March 2006 last month as the cost of energy and clothing fell, giving the Bank of England scope to protect economic growth by cutting interest rates.
    2007-10-16 04:13:51

  • Stocks Drop on Profit, Oil Concerns

    BusinessWeek - Disappointing earnings from a couple of banks put pressure on financial stocks once again, reminding investors that losses on commercial loans and ongoing problems with residential mortgage loans will continue to weigh on this sector's ability to ...
    2007-10-16 03:00:00

  • First Place Financial Corp. Reports Quarterly Net Income of $6.3 ...

    MSN MoneyCentral - While other companies have gambled their liquidity and solvency on high risk mortgage loans, we have been able to maintain a positive trend in both the volume of sales and profits on loan sales because we have remained conservative and have ...
    2007-10-16 01:20:00

  • News & Analysis : Homebuilders/Construction

    Street.Com - The ABX indices, which track the value of subprime mortgage loans packaged into mortgage-backed securities, are mostly at 52-week lows, according to data from Markit, a provider of credit-derivative financing information. Hedge funds have profited ...
    2007-10-16 11:54:00

  • NovaStar to sell mortgage loan servicing rights for $175 million

    KSLA - Fort Worth, Texas-based Saxon will take over the responsibility of servicing mortgage loans NovaStar made and sold to investors through securitized bonds. The servicing agency receives a fee for servicing those loans on behalf of the investors. The ...
    2007-10-16 03:36:00

  • Lenders One and Encomia Announce Marketing Partnership

    Forbes - With over 100 members nationwide originating $45 billion in mortgage loans annually, the Lenders One alliance ranks as the ninth largest mortgage originator in the United States. Lenders One leverages its aggregate buying power and preferred-investor ...
    2007-10-16 12:37:00

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