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

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  • Realtors Group Revises Home Sales Forecast

    CBS News - Problems were exacerbated in August by turmoil in credit markets, reflecting new worries about rising mortgage defaults. The median U.S. existing home price edged up slightly in August to $224,500, an increase of 0.2 percent from August 2006. It ...
    2007-10-10 04:19:00
  • Paulson in drive to ease subprime 'pain'

    MSNBC - Home foreclosures in the wake of the subprime mortgage crisis will be "painful" for the US economy as well as for American families and neighbourhoods, Hank Paulson, Treasury secretary, said on Wednesday. Mr Paulson announced a fresh drive to ...
    2007-10-10 01:13:00
  • Administration announces new mortgage industry coalition to help ...

    San Diego Union-Tribune - ... especially when the contact occurs at the first sign of trouble as it enables us to help before the weight of past due payments reduces consumers' options for staying in their homes,” said Michael J. Heid, co-president of Wells Fargo Home Mortgage
    2007-10-10 01:20:00
  • White House to help mortgage-holders (CNN Money)

    Mortgage industry coalition would help homeowners whose loans are resetting to higher rates, says Treasury Secretary.
    2007-10-10 08:07:37
  • S&P Enhances Its Review of Data Quality Practices for U.S. Residential Mortgage Originations (PR Newswire via Yahoo! Finance)

    Among the many factors contributing to the poor performance of recent vintages of U.S. residential mortgage-backed securities , the two that are cited most often are stretched underwriting guidelines and home price declines.
    2007-10-10 10:29:00
  • New Moves in Washington to Ease Mortgage Crisis (New York Times)

    House Democrats squared off against the Bush administration over measures to help homeowners trapped by unaffordable subprime mortgages and falling home prices.
    2007-10-10 03:55:59
  • US-caused global credit squeeze may threaten world economy

    World Link - ... as reflected in the difficulties in managing volatile capital flows, increasing exposure of investors to developments in overseas financial markets and the uncertainties associated with large current account imbalances.” The IMF said interest rates ...
    2007-10-10 11:40:00
  • Bulls racing for 19K, Sensex up 378 pts

    Daily Pioneer - ... to Ambani brothers remained among the best performers for the third session in a row and contributed to the current rally. ... State Bank of India cutting fresh home loan interest rate sparked buying in realty and infrastructure stocks as investors ...
    2007-10-10 09:31:00
  • Fitch Upgrades 4 Classes of CoLTs 2005-1 Ltd./Corp.

    Forbes - Fitch conducted cash flow modeling utilizing various default timing and interest rate scenarios to measure the breakeven default rates going forward relative to the cumulative default rates associated with the current ratings of the note liabilities ...
    2007-10-10 10:42:00
  • FBR Capital Markets to Report Third Quarter 2007 Results

    Forbes - ... might cause actual results to differ materially from stated expectations or current circumstances. These factors include, but are not limited to, the effect of demand for public offerings, activity in the secondary securities markets, interest rates ...
    2007-10-10 01:56:00
  • How to prevent a rout of the declining dollar

    Financial Times - At a time when the US needs to borrow $2bn (€1.4m) (£979m) a day to finance its current account deficits, a depreciating dollar will act as a disincentive to foreign investment in US government securities unless American interest rates are raised ...
    2007-10-10 11:54:00
  • Coalition to Help Avoid Foreclosures

    Forbes - ... consider doing broadbased conversions of adjustable-rate loans to fixed-rate loans if the borrowers were current on their ... with weak credit histories - roiled global financial markets in August, prompting the Federal Reserve to cut interest rates last ...
    2007-10-10 03:43:00
  • Treasurys down on interest rate speculation

    CNN Money - Treasurys down on interest rate speculation Bond investors react to Federal Reserve ... growing consensus in the bond market that the Federal Reserve won't cut rates ... market's expectation that the Federal funds rate is likely to remain at its current ...
    2007-10-10 07:29:00
  • Fitch Rates AES Corp.'s $2 Billion Senior Unsecured Notes 'BB/RR1'

    Forbes - ... million of debt maturing in 2008, and a variety of debt with higher coupon rates ... create sufficient cash flows to offset the additional incremental debt and interest ... The current Stable Rating Outlook reflects Fitch's expectation that credit metrics ...
    2007-10-10 10:42:00
  • Industry group projects lowest home sales since '85

    MSN MoneyCentral - Sales could decline more steeply in 2008 if the current liquidity crunch in the mortgage markets has a longer-than-expected duration or if interest rates unexpectedly increase," she said. Across California, the median home price is expected to creep ...
    2007-10-10 02:10:00