Mortgage and Financial News From 2007-10-16 Page 8

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  • Credit Crunch Pushing Interest Rates

    Best Syndication - The global credit crunch has hit the loan market in the UK. The rate of interest is on the rise, making it necessary to compare loans before taking up any loan deal. Reports say that interest rates have increased by up to 4 per cent due to the ...
    2007-10-16 12:51:00
  • Paulson: Housing crisis 'significant'

    MSNBC - ... said that government and the financial industry should provide immediate help for homeowners trying to refinance current mortgages before they reset at much higher rates. He also called for an overhaul of laws and regulations governing mortgage ...
    2007-10-16 02:53:00
  • Fitch Affirms Ocwen Loan Servicing's Special Servicer Rating ...

    Forbes - Fitch rates commercial mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within each of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat rating
    2007-10-16 11:33:00
  • ECB to cut interest rates ‘late next year’

    Irish Examiner - THE move in European interest rates will be down, which is good news for people struggling with monthly mortgage repayments. However, the cut in ECB rates is unlikely to happen before the end of next year and will be triggered by falling economic ...
    2007-10-16 04:33:00
  • Mortgage bankers oppose Fannie, Freddie jumbo bid

    Reuters - But stabilization in the jumbo market reduces the need for Fannie Mae and Freddie Mac, bankers said on a panel discussion at the Mortgage Bankers Association's annual meeting in Boston. Jumbo rates, which soared to as much as 1 percentage point ...
    2007-10-16 01:41:00
  • Treasuries Rise as Homebuilder Confidence Falls to Record Low

    Bloomberg - Sentiment among U.S. homebuilders dropped in October to the lowest since records began in 1985 as higher mortgage rates discouraged buyers. ``There's a flight to quality,'' said George Goncalves, Treasury and federal agency debt ...
    2007-10-16 01:27:00
  • British Mortgage Rejections Soar 60%

    BusinessWeek - MoneyExpert.com said this was due to a combination of rising interest rates and mortgage providers tightening their lending criteria. It pointed out that there have been five Bank of England rate rises since August 2006, pushing the base rate from 4 ...
    2007-10-16 03:00:00
  • Mortgage and equity calculators (BBC News)

    See how your finances would be affected by changes in the property market with our mortgage and equity calculators.
    2007-10-16 09:13:32
  • Affordable Interest Mortgage to Educate Homeowners on Reducing Foreclosure Risks While Maintaining Lifestyle (PR Newswire via Yahoo! Finance)

    With Colorado's foreclosure rates among the highest in the country, Affordable Interest Mortgage , a leader in the mortgage industry, is offering two workshops to help Denver homeowners understand how to leverage their mortgage equity while reducing foreclosure risks.
    2007-10-16 04:00:00
  • British Mortgage Rejections Soar 60% (BusinessWeek)

    As rates rise and lenders become less generous, experts warn consumers: More than three failed applications can hurt credit ratings
    2007-10-16 03:05:34
  • Housing woes take bigger toll on economy than expected: Paulson

    Raw Story - In view of the lax practices and allegations of fraud in the lending industry, Paulson said mortgage lending practices need to be more controlled. "We need to bring a higher level of integrity to the mortgage origination process," he said. "The ...
    2007-10-16 11:40:00
  • Massive Mistrust in UK over Identity Fraud

    MarketingVOX - ... gambling companies fared much worse, landing at the bottom of the barrel in a survey by YouGov for identity fraud prevention specialists GB : Bank and building societies: 52 percent Central government: 25 percent Local councils: 21 percent Mortgage ...
    2007-10-16 08:34:00
  • The nose knows: Strong pot smell on driver leads to grow-house bust in ...

    Fort Pierce Tribune - Carlos Andres Bermudez was arrested on an outstanding warrant for mortgage fraud after he was pulled over on a traffic stop, but as Bermudez was being taken into custody, deputies noticed a strong odor of marijuana on his clothing, according to law ...
    2007-10-16 06:53:00
  • A home appraisal in just two clicks

    St. Petersburg Times - Zaio claims the images, together with its proprietary "GeoScore" property rating system, combats mortgage fraud. It's hard to turn your frog of a home into a prince - or vice versa - if verification is a couple of clicks away in the Zaio system. Zaio ...
    2007-10-15 09:06:00
  • Congress Examines Discriminatory Lending Practices []

    RTT News - Massachusetts Governor Deval Patrick sought to punish those responsible for actively contributing to mortgage fraud. “I have also filed legislation which seeks to criminalize mortgage fraud, prohibit abusive foreclosure rescue schemes, and update ...
    2007-10-16 01:13:00