Mortgage and Financial News From 2007-9-4 Page 4

RSS Feed

Previous Day: 2007-09-03

Return to the mortgage news archive home.

  • Construction dollars up

    MSNBC - ... securities backed by mortgage debt. The housing troubles and market turmoil have raised the risks of a recession, but many economists believe the Federal Reserve will begin cutting interest rates soon to give the economy a boost and keep the current ...
    2007-09-04 02:31:00
  • Hit to the Head with a Two-by-Four

    Safe Haven - There are some [British] lenders who have pulled their current product range and not announced any new ones," says Ray Boulger, head of Charcol, the country's largest mortgage broker online. "Others have put up rates until they get little or no ...
    2007-09-04 05:30:00
  • British Banks Increase Borrowing Cost

    CNBC - The current rate reflects banks' reluctance to loan funds to rivals at anything but a premium until they know the extent of the mortgage crisis. By raising their interbank rates, banks can hold on to their own liquidity, staying shy of potential ...
    2007-09-04 10:35:00
  • Bank of Canada expected to stand pat on rates

    CBC News - ... Bloomberg and Reuters failed to find any who believed the bank would hike rates. ... as investors worried about whether exposure to the risky U.S. subprime mortgage ... But it's worth noting that, minus the current volatility in financial markets, the ...
    2007-09-04 05:23:00
  • Central banks must lower interest rates

    Taipei Times - The Fed hopes that it can handle the current situation without being forced to rescue market liquidity by cutting interest rates and thus giving what it fears would ... paper issued by KKR Atlantic Financing, and the loans can be CDO sub-prime mortgage ...
    2007-09-04 06:42:00
  • Financial upheaval hits US factories

    Financial Times - ... the Federal Reserve, said last week that if "current conditions persist in mortgage markets" then demand for homes "could weaken further", adding that this had "possible implications for the broader economy". The Fed is expected to cut interest rates ...
    2007-09-04 07:03:00
  • Why Libor Defies Gravity

    Wall Street Journal - The Federal Reserve could cut short-term interest rates in the weeks ahead, but ... Lou Barnes, partner of Boulder West Financial Services, a Colorado mortgage bank ... data, a sign that the rush to sell ever-shorter-term-maturity debt amid the current ...
    2007-09-04 06:20:00
  • U.S. mortgage rates unchanged on Tuesday -BestInfo

    Reuters - Rates may rise if the mortgage market maintains its current course on Wednesday, BestInfo said. The 30-year mortgage rate with one upfront point was unchanged at 6-3/8 percent. The 30-year mortgage rate with two upfront points was unchanged at 6-1/8 ...
    2007-09-04 02:24:00
  • ECB Watch: Rates Seen Steady At 4.0% On Liquidity Concerns (Nasdaq)

    FRANKFURT -(Dow Jones)- The European Central Bank is widely expected to keep interest rates on hold Thursday on volatile financial market conditions and liquidity concerns, but may flag plans to lift rates later this year.
    2007-09-04 04:03:48
  • Democrats blast Bush’s response to mortgage crisis (The Herald)

    Financial Times. NEW YORK. President George W. Bush’s response to the US mortgage crisis has been blasted as inadequate by Democrats who plan to legislate greater relief for the growing number of Americans facing foreclosure.
    2007-09-04 02:44:05
  • Congress' approach to mortgage crisis to spark debate (Atlanta Journal-Constitution)

    The idea was simple enough. The government wanted to expand homeownership. And what better way to do that than to make mortgages available to first-time buyers and buyers with poor credit histories? But the result was disastrous. The so-called subprime mortgages raised interest rates on those loans so quickly and so high that many borrowers now face foreclosure. It has been especially rough in ...
    2007-09-04 06:07:40
  • Rates on hold for now (The Age)

    RBA keeps interest rates steady but more mortgage stress may not be far away.
    2007-09-04 07:07:53
  • Business Minute: Stocks firm...ISM index down slightly...Construction ...

    WDAM-TV - Buying or Selling a Home? ... MetroPCS, which offers prepaid phone plans, says it would also assume or refinance two billion dollars of Leap debt as part of ...
    2007-09-04 07:00:00
  • PERSONAL FINANCE DAILY

    Marketwatch - You still may qualify for a mortgage, regardless of a shaky credit market. But you need to know the ropes because many lenders have tightened standards. So what should you do if you're buying a home today or you need to refinance? See Consumer ...
    2007-09-04 10:42:00
  • The truth about current mortgage market has its roots in the real ...

    Amador Ledger-Dispatcher - This means that, for any Americans looking to buy, sell, or refinance a home, they are confronting a very different market from the one that existed just 6 to 12 months ago. How did this happen? The recent real estate boom was fueled by a period of ...
    2007-09-04 03:00:00