Mortgage and Financial News From 2007-10-11 Page 21
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Nation/World briefs
Detroit News - MORTGAGE Bush coalition will help homeowners WASHINGTON -- The Bush administration ... Until this year, Dell had only sold products over the phone and Internet. WASTE ... other major currencies amid renewed speculation about a possible further interest ...
2007-10-10 11:00:00 -
Countrywide's 'workouts' fall short, critics say
CNN Money - ... debt collector, Countrywide has been the No. 1 whipping post of the mortgage crisis. ... Such workouts can include lowering the interest rate on a loan or spreading out past ... Instead, they are only agreeing to do so for 12-24 months, if at all," said Mark ...
2007-10-11 03:53:00 -
U.K. House Prices Fall at Fastest Pace in Two Years (Update2)
Bloomberg - Among 12 regions surveyed, prices only rose in London and Scotland. Britons are becoming more wary about buying property after a credit-market rout led to a run on the deposits of mortgage lender Northern Rock Plc and five interest-rate ...
2007-10-11 02:20:00 -
Dollar rises against yen in Asia as Japan's central bank leaves key ...
MSN UK News - ... against the yen Thursday in Asia after Japan's central bank kept its key interest ... assessed the economic situation in the U.S., where problems in the subprime mortgage ... of the Sudan Liberation Army (SLA) led by Minni Arcua Minnawi, the only Darfur ...
2007-10-10 11:21:00 -
Yen Weakens as Bank of Japan Keeps Interest Rate at 0.5 Percent
Bloomberg - ... dropped to a 10-week low against the euro after the Bank of Japan kept its interest ... BOJ voted 8-1 to keep rates on hold, with board member Atsushi Mizuno the only ... The central bank needs more time to gauge the effect of the U.S. subprime-mortgage ...
2007-10-11 03:46:00 -
Yen Weakens as Bank of Japan Keeps Interest Rate at 0.5 Percent (Bloomberg.com)
Oct. 11 (Bloomberg) -- The yen dropped to a 10-week low against the euro after the Bank of Japan kept its interest rate at 0.5 percent, the lowest in the industrialized world.
2007-10-11 04:06:11 -
Few lenders are willing to make mortgage modifications, survey says (San Francisco Chronicle)
Mortgage lenders rarely help homeowners struggling with rapidly increasing adjustable mortgages, according to a survey of 33 California housing counseling agencies released on Wednesday. Only one agency responding to the survey said that loan modification -...
2007-10-11 12:26:25 -
Sun Communities Beats Housing Slump
Newsday - The manufactured-home park owner survived an industry recession and is poised to ... That's because low interest rates and subprime loans helped buyers -- even those ... We attribute the improvement in large part to the collapse of the subprime mortgage ...
2007-10-11 02:06:00 -
Sept. Foreclosure Filings Up From 2006
Forbes - If a homeowner can't find a way to get current on payments, the home is then often put up ... lending standards, further narrowing options for homeowners struggling to pay their mortgage. Nevada, Florida and California had the highest foreclosure rates in ...
2007-10-11 03:25:00 -
Metro home sales continue their decline
Minneapolis Star Tribune - Geometry lesson Consumers mistakenly believe it's a bad time to get good mortgage House made of insulated panels is a first for building crew Despite near-record-low mortgage rates, home sales in the Twin Cities metro area so far this year have been ...
2007-10-09 05:53:00 -
US House Foreclosures Fall 8% in September
CNBC - US home foreclosure filings decreased 8% in September from a 32-month peak in ... Curbing foreclosures has become a priority of many mortgage companies, which under ... Nevada, Florida and California posted the highest foreclosure rates even as their ...
2007-10-11 03:03:00 -
From the 'bottom,' home sales plunge
St. Petersburg Times - ... bank agreed to a sale price of $257,000 and will forgive the rest of Jackson's mortgage ... Fuentes cited a host of variables that make predicting home sales a tricky proposition. Will the Federal Reserve lower interest rates?
2007-10-10 10:38:00 -
Realtors: Mortgage Market Improvements Should Help Housing in 2008
HuntingtonNews.Net - NAR senior economist Lawrence Yun said that widening credit availability will help turn around home sales: "Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since ...
2007-10-10 10:45:00 -
Banesto Plans to Sell 3 Billion Euros of Mortgage-Backed Bonds
Bloomberg - Banesto Plans to Sell 3 Billion Euros of Mortgage-Backed Bonds By Charles Penty and Esteban ... euros of asset-backed debt since September as investor concern that record U.S. home foreclosures will damage bank profits sent interbank borrowing rates to ...
2007-10-11 01:09:00 -
U.S. Home Foreclosures Doubled in September, RealtyTrac Says
Bloomberg - ... to subprime borrowers, people with limited or tarnished credit histories, accounted for 7.3 percent of all home loans and 44 percent of all new foreclosures, according to the Mortgage Bankers Association in Washington. `Teaser' Rates ...
2007-10-11 03:25:00