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

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  • Cadbury to Spin Off U.S. Drinks Unit, Abandoning Sale (Update9)

    Bloomberg - Record subprime mortgage defaults in the U.S. made investors reluctant to buy assets ... After selling the U.S. unit, Cadbury will only sell Schweppes-branded drinks in ... Interest payments will also be higher in the second half of 2007 because of higher ...
    2007-10-10 09:09:00

  • Humberto Cruz: Mortgage is only the start of homeownership costs

    Arizona Daily Star - Humberto Cruz: Mortgage is only the start of homeownership costs ... Homeownership entails costs beyond principal and interest payments on a mortgage. The bigger and more expensive the home, the bigger ...
    2007-10-10 05:28:00

  • London shares close at day's high; NY down; miners, Northern Rock gain ...

    Forbes - ... of the prior session's advance that came on renewed optimism about lower interest ... up over 32 pct, or 66-3/4 at 273-1/2 as banks lending stock in the stricken mortgage ... News and its third party content providers for your personal information only ...
    2007-10-10 10:21:00

  • C.A.R.'S California Housing Market Forecast for 2008: Statewide Median ...

    Forbes - Now is not the time for homeowners to 'test the waters' - only serious sellers should put ... 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 ...
    2007-10-10 09:09:00

  • Only the Strong Shall Thrive

    CFO.com - Only the Strong Shall Thrive Financially sound companies find gold in credit ... A five-year stretch of plentiful and cheap borrowing is over, the subprime-mortgage ... Before the credit turmoil, a combination of low interest rates, plentiful liquidity ...
    2007-10-10 10:57:00

  • Number of Canterbury house sales slumps to six-year low

    Stuff - After all, a lot of people are in homes they only bought two or three years ago," he said. ASB treasury economist Daniel Wills said that with mortgage interest rates rising, prices would probably stay on a plateau into next year. He did not expect a ...
    2007-10-10 09:02:00

  • Banesto sees 2007 mortgage loan growth at 12-15 pct; further slowdown ...

    Forbes - ... Espanol de Credito SA chairwoman Ana Patricia Botin said the bank sees mortgage loan ... Net interest revenue grew to 1.076 bln eur from 907 mln, also in line with estimates ... News and its third party content providers for your personal information only ...
    2007-10-10 03:47:00

  • Countrywide help for borrowers falls 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 ...
    2007-10-10 11:04:00

  • Homebuying: Lies planners will tell you

    CNN Money - The key reason: The interest rate you can get on your savings is usually lower than the rate you pay for a mortgage (that's how banks make money, after all). These days, someone taking out a mortgage might pay 6.5 percent. But he might get only 4.5 ...
    2007-10-10 10:21:00

  • Humberto Cruz: Mortgage is only the start of homeownership costs (Arizona Daily Star)

    Since my wife, Georgina, and I moved to a new beach-side home in 2001, our "house payments" have gone up from $838 to $1,226 a month.
    2007-10-10 12:08:29

  • Fitch Affirms MCF Series 1998-MC2 (Business Wire via Yahoo! Finance)

    CHICAGO----Fitch Ratings has affirmed Mortgage Capital Funding, Inc.'s commercial mortgage pass-through certificates, series 1998-MC2, as follows: $193 million class A-2 at 'AAA'; Interest-only class X at 'AAA'; $48 million class B at 'AAA'; $58 million class C at 'AAA'; $60.6 million class D at 'AAA'; $37.9 million class E at 'AA'; $12.6 million class F at 'A'; $25.2 million class G at 'BBB-'; ...
    2007-10-10 07:10:00

  • Credit fear hits home

    News.com.au - QUEENSLAND'S real estate market changed personality last month, as buying a home ... Rising interest rates combined with the fallout from the US housing market and bad ... He said last month's decline in mortgage sales was about double the normal September ...
    2007-10-10 07:51:00

  • Fed Signals No Rush to Lower Interest Rates Again (Update1)

    Bloomberg - Louis Fed chief William Poole said in a speech in his bank's home town that financial markets have stabilized, yet ... Housing ``remained exceptionally weak,'' the minutes said, and ``the faster pace of foreclosures as subprime mortgage rates reset ...
    2007-10-10 07:08:00

  • NAR Revises Its Home Sales Forecast []

    RTT News - Lawrence Yun, NAR's senior economist, indicated that widening credit availability will help turn around home sales. Yun said, “Conforming loans are abundantly available at historically favorable mortgage rates.” He added, “Pricing has steadily ...
    2007-10-10 07:51:00

  • NAR Revises Its Home Sales Forecast

    RTT News - Lawrence Yun, NAR's senior economist, indicated that widening credit availability will help turn around home sales. Yun said, “Conforming loans are abundantly available at historically favorable mortgage rates.” He added, “Pricing has steadily ...
    2007-10-10 07:51:00

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