Mortgage and Financial News From 2007-10-10 Page 17

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  • White House forms mortgage coalition

    MSNBC - Summary Box: American Home Mortgage accused of bad-check writing in Maryland ... A combination of stagnant or falling house prices, low down payment mortgages and resetting adjustable-rate mortgage rates ...
    2007-10-10 09:24:00
  • Paulson announces coordinated effort to reduce mortgage foreclosures ...

    Forbes - ... on many adjustable rate mortgages have been reset at much higher levels, and delinquency rates have soared. Paulson said 11 of the largest mortgage ... of funding for the outreach effort will be paid with money generated by the securitization of home ...
    2007-10-10 10:07:00
  • California Home Sales Projected to Drop 9% Next Year (Update1)

    Bloomberg - California Home Sales Projected to Drop 9% Next Year (Update1) By Daniel Taub Oct. 10 ... 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 10:28:00
  • Paulson announces coordinated effort to reduce mortgage foreclosures

    Forbes - Paulson said rising interest rates and stagnant or falling home prices are creating 'real challenges' for US homeowners. He said that even before the initiative was announced, mortgage servicers were beginning to increase outreach to borrowers, and ...
    2007-10-10 08:48:00
  • Calyon Trader Fired for Losses Says He's No Rogue (Update2)

    Bloomberg - ... credit- default swaps that would profit if the Federal Reserve cut interest rates ... in the value of fixed-income securities sparked by record U.S. subprime mortgage ... Kaczynskis, Tusk Range Far From Home, Seeking Votes From Polish Emigrants
    2007-10-10 07:58:00
  • Existing home sales expected to drop 10.8%

    CNN Money - ... excesses have been removed from the market and home sales are returning to fundamentally healthy levels, while prices remain near record highs, reflecting favorable mortgage rates and positive job gains," Yun said. Existing single-family home sales ...
    2007-10-10 10:14:00
  • Home loans plummet as housing moves out of reach (The Age)

    A lack of affordable housing, coupled with higher interest rates, caused first-home buyer loans and finance for investor-led construction to plummet in August.
    2007-10-10 06:55:50
  • Fitch Rates Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-H1 (Business Wire via Yahoo! Finance)

    NEW YORK----The Merrill Lynch First Franklin Mortgage Loan Trust, series 2007-H1, is rated as follows by Fitch Ratings: $628,519,000 class A senior certificates 'AAA'; $44,224,000 class M-1 'AA+'; $36,183,000 class M-2 'AA'; $22,782,000 class M-3 'AA-'; $17,422,000 class M-4 'A+'; $20,549,000 class M-5 'A'; $16,975,000 class M-6 'A-'; $17,421,000 class B-1 'BBB+'; $14,295,000 class B-2 'BBB'; ...
    2007-10-10 09:07:00
  • Home Mortgage Demand Rises 2.4% (Fox News)

    The Mortgage Bankers Association reported home loan application requests increased 2.4%, the highest number since March.
    2007-10-10 06:56:44
  • SBI cuts home, personal loan rates (Chennai Online)

    Mumbai, Oct 10: India's largest lender State Bank of India today cut interest rates on home, auto and personal loans by 0.5 to 1 per cent ahead of the festival season and launched reverse mortgage scheme for senior citizens.
    2007-10-10 08:30:06
  • Prices edge up - but house sales fall away

    New Zealand Herald - ... shows that across the country 5894 homes sold in September - the traditionally buoyant spring season. That's the lowest ... lack of "distress sales" at the bottom end of the market, which suggested consumer confidence and that higher mortgage rates had ...
    2007-10-10 09:09:00
  • U.S. Economy to Avoid Recession as Housing Sinks, Survey Shows

    Bloomberg - The rout in subprime-mortgage lending during August and subsequent credit ... and rising foreclosures pushed consumer confidence in September to the lowest level ... Less inflation will give policy makers room to lower rates, economists said ...
    2007-10-10 07:51:00
  • Steeper Decline in Home Sales Predicted

    Forbes - Sales of new homes, meanwhile, are expected to finish 2007 at the lowest level in a decade. The trade group's outlook for ... sales are returning to fundamentally healthy levels, while prices remain near record highs, reflecting favorable mortgage rates ...
    2007-10-10 08:41:00
  • Home loans plummet as housing moves out of reach

    Age - Mr Hassan said that based on a Westpac measure — the cost of servicing a loan of 75 per cent of the median house price as a proportion of the average wage — housing affordability nationally was at its lowest since mortgage interest rates reached ...
    2007-10-10 07:01:00
  • Australian Consumer Confidence Slips on Oil, Rates (Update3)

    Bloomberg - ... in October after gasoline prices increased and as lenders raised interest rates in ... Businesses confidence fell to the lowest in eight months in September, with more ... Also denting sentiment, a slump in the U.S. subprime- mortgage market began spreading ...
    2007-10-10 12:20:00