Mortgage and Financial News From 2007-10-10 Page 14

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  • The Great Subprime Credit Fake-Out

    Forbes - Money managers normally panic over bad news on the margin. They know that ... Everyone who refinanced his mortgage spent the check on home improvements, vacations ... Home-builder managements stand guilty of facilitating the subprime credit mess ...
    2007-10-10 12:01:00

  • Americans turn to credit (Perth Now)

    THE automated teller for home loans is empty and Americans are relying increasingly on credit cards to pay their living costs, indicating tough hurdles ahead for US consumer spending and markets.
    2007-10-09 02:30:00

  • Subprime crisis good, bad, deja vu for trailer parks (Reuters via Yahoo! News)

    Country Meadows has no shortage of people hoping to move into the manufactured home community -- a.k.a. trailer park. The problem is that many can't.
    2007-10-10 08:51:56

  • Bank Credit Risk Drops to Three-Month Low, Default Swaps Show (Bloomberg.com)

    Oct. 10 (Bloomberg) -- The risk of owning European financial debt dropped to the lowest since July as credit- default swap traders bet banks have ridden out the worst of the U.S. subprime mortgage collapse.
    2007-10-10 06:55:00

  • How bad credit can impact your life (Bankrate.com via Yahoo! Finance)

    Bad credit can impact many parts of your life. Here's how, and what to do.
    2007-10-10 03:00:00

  • Don't let bad credit impact your mortgage (Bankrate.com via Yahoo! Finance)

    The worse your credit, the more you're likely to pay for a mortgage loan.
    2007-10-10 03:00:00

  • What the the Pre-Budget Report means for the property market (Times Online)

    The Chancellor announced a number of measures that could benefit homeowners. We decipher what it means for you
    2007-10-10 03:00:08

  • Beyond Our Means (San Diego Reader)

    It was succor for Wall Street and "Sucker!" to the overall economy, including San Diego and other cities with housing-related economic woes. [ more ]
    2007-10-10 11:26:38

  • Calyon Trader Fired for Losses Says He's No Rogue (Update2) (Bloomberg.com)

    Oct. 10 (Bloomberg) -- The Calyon trader fired last month for alleged unauthorized trading that led to 250 million euros ($353 million) of losses said his bosses knew what he was doing and considered him a ``golden child'' of the New York office.
    2007-10-10 08:10:15

  • C.A. Bancorp Inc. (TSX:BKP) Provides Update on its Real Estate Lending ...

    Market Wire - All of these loans, with the exception of one, are first mortgages (the one exception is a second mortgage) at an average loan-to-value of less than 70%. All loans contain personal guarantees of the principal shareholders of the respective borrowers. ...
    2007-10-10 06:46:00

  • Stocks waver before earnings

    MSNBC - Earnings are expected to reflect the difficulty some companies have faced — particularly in the financial and housing sectors — following upheaval in the credit markets amid overly leverage debt and a souring of some home mortgages. The reports ...
    2007-10-08 01:01:00

  • BofA takes no-fee mortgages to the streets

    Charlotte.com - ... stations and a concert stage at Trade and Tryon streets, Bank of America Corp. on Tuesday wanted to talk about mortgages. Since ... circuits such as Formula One, but only if these ties deliver more business for the bank, he said. Saturday marks the second ...
    2007-10-10 09:17:00

  • Daily Wrap-up - A Close Near the Highs

    Stockhouse Canada - Most homeowners resort to second mortgages or some other form of borrowing when buying a solar installation. The credit crunch has hit many of the solar installers. Cancelled jobs hurt the bottom line. They are relying upon commercial clients but ...
    2007-10-09 09:49:00

  • UPDATE 1-Experian first half sales up 6 pct, sees headwinds

    Reuters UK - In the first quarter Experian (EXPN.L: Quote , Profile , Research ) had posted organic sales growth of 7 percent, so the latest numbers indicate a slower second quarter, as units including LowerMyBills, which provides information on mortgages and loans ...
    2007-10-09 11:51:00

  • BNP Paribas Lowers Year-End Dollar Forecast to $1.46 per Euro

    Bloomberg - ... will weaken more than expected against the euro this year as an economic slowdown linked to losses on U.S. subprime mortgages ... between banks a full percentage point to 3.75 percent in the first quarter of next year and to 3.50 percent in the second ...
    2007-10-10 07:58:00

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