Mortgage and Financial News From 2007-10-10 Page 19

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  • Oxford Funding Signs Letter of Intent For 1.5M

    Forbes - Oxford Funding closed the month of September with an impressive current-to-date performance on the first portfolio of mortgage loans it purchased in August. Because of the combination of a substantial purchase discount and a couple of early pay-offs ...
    2007-10-10 07:08:00

  • Fitch Rates Merrill Lynch First Franklin Mortgage Loan Trust, Series ...

    Forbes - The mortgage Loans in the mortgage pool were originated by First Franklin Financial Corporation, an operating subsidiary of Merrill Lynch Bank & Trust Co. The executive offices of First Franklin Financial are located in San Jose, CA. Merrill Lynch ...
    2007-10-10 09:09:00

  • Wachovia Mortgage's 'SQ2' rating affirmed - Moody's (FinanzNachrichten)

    MUMBAI (Thomson Financial) - Moody's ( Nachrichten ) Investors Service affirmed Wachovia Mortgage Corp's rating of 'SQ2' as a primary servicer of prime residential mortgage loans.
    2007-10-09 10:33:20

  • Mortgage industry coalition forms to help prevent defaults (USA Today)

    The Bush administration announced a new mortgage industry coalition on Wednesday aimed at helping homeowners avoid being trapped in a rising tide of foreclosures.
    2007-10-10 09:13:35

  • Ahead of the Bell: Mortgage Applications (Sharewatch)

    WASHINGTON (AP) - Investors on Wednesday will get an update on how applications for home loans fared last week as the housing slump continues. The Mortgage Bankers Association is due to report its weekly index of home-loan application volume at 7 a.m. EDT.
    2007-10-10 03:31:54

  • Mortgage applications up in week, housing limps (Reuters via Yahoo! News)

    Demand for applications to buy U.S. homes and refinance existing mortgages rose last week, but a housing recovery is being squelched as consumers face more difficulty getting loans approved, analysts say.
    2007-10-10 08:30:46

  • Consumer spending to hit ‘three-year low’

    Times Online - The Treasury also pointed to the five interest-rate rises since August 2006, which it said “can be expected to impact on growth ... With a “more uncertain” global economic outlook as a result of the US sub-prime mortgage crisis, the Treasury gives ...
    2007-10-10 01:03:00

  • Share Prices Hit Record Highs In China

    Forbes - ... share price fell in Hong Kong when it announced an exposure to the errant sub-prime ... Last month, the People's Bank of China raised interest rates for the fifth time this year. However, with the one-year deposit rate still only 3.87% and inflation ...
    2007-10-10 04:59:00

  • Fears over education services if county split goes ahead

    Crewe Guardian - The Prime Minister has made no secret of the importance of education in the ... or 'social news' sites - have large communities of web users who share and rate ... free and once a member, you can store, recommend and search for stories that interest ...
    2007-10-10 08:26:00

  • G7 Should Focus on Free Trade, Not Currencies: Darling

    CNBC - ... Americans themselves are optimistic the economy will pick up and the Fed's interest rate cut will have an impact," he said. The US Federal Reserve cut interest rates by half a point last month to bolster the economy after mass defaults on sub-prime ...
    2007-10-10 04:52:00

  • Miners drill through new barrier

    News.com.au - In the past two months, global stock markets have overcome the correction sparked by the collapse of the sub-prime ... Westpac and Melbourne Institute survey shows consumer confidence has slipped because of higher petrol prices and interest rate ...
    2007-10-10 07:29:00

  • Rand range bound

    Sunday Times South Africa - While the consensus forecast among the 13 economists surveyed by I-Net Bridge is for an unchanged interest rate stance, the majority also expect this to be the end of the tightening cycle. The expected pause will keep the prime overdraft rate at 13.5 ...
    2007-10-10 07:15:00

  • London shares down off lows midafternoon; NY lower; financials down

    Forbes - ... small proportion of the population are heavily indebted and believe most have mortgages which are manageable given interest rate ... company, was the top FTSE 100 faller, as profit-takers moved in after its positive first-half update, while US sub-prime ...
    2007-10-10 08:26:00

  • Athens Area School District: Board approves bond refinancing; Action ...

    Sayre Evening Times - The district was able to take this action due to the federal reserve's recent decision to lower the prime interest rate by a half-percent. The district refinanced $9.925 million of its 2001 bond, which is valued at $24.455 million. The school board ...
    2007-10-10 05:06:00

  • Point-by-point: Question time

    BBC News - The main points from prime minister's questions in the House of Commons on ... government had asked for have been achieved. "we stand up for the British interest ... aimed at helping lower and middle income families by cutting the basic rate of ...
    2007-10-10 07:22:00

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