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

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  • Behind the hype of popular mortgage website

    AZCentral.com - For example, an ad that promises a $510,000 mortgage for under $1,498 a month. If you look at the fine print, you see that if you pay just $1,498 a month you’d never pay off the loan because you’re only paying about half the interest and none of ...
    2007-09-04 07:00:00
  • Canadian Tire revolutionizes mortgage banking for Canadians

    CNW Group - Canadian Tire One-and-Only(TM) takes years off a mortgage and saves thousands of dollars in interest payments TORONTO, Sept. 4 /CNW/ - Canadian Tire Financial Services Limited, a wholly-owned subsidiary of Canadian Tire Corporation, Limited (CTC, CTC ...
    2007-09-04 03:47:00
  • Fitch Upgrades 5 Classes of GS Mortgage Securities Corp. 2001-LIB (One ...

    Forbes - Fitch Ratings upgrades GS Mortgage Securities Corporation II's commercial mortgage pass-through certificates, series 2001 ... Interest-only (IO) class X at 'AAA'; --$50.8 million class B at 'AAA'. The upgrades reflect the full defeasance of the loan ...
    2007-09-04 10:14:00
  • Schaeffer's Media Outtakes: Holding the Fed Culpable (Schaeffers Research)

    In our Schaeffer's Media Outtakes series, Bernie Schaeffer dissects the news, using contrarian analysis to provide a unique take on the market."With the risk of US mortgage defaults now dispersed globally, not just Americans but everyone else in the developed world has an interest in averting an escalation in US defaults ... Tighter credit conditions make it harder to obtain a mortgage, and hence ...
    2007-09-04 12:55:37
  • HSBC plans new cross-border mortgage product for early 2008 (Market Watch)

    MEXICO CITY (MarketWatch) -- U.K.-based banking group HSBC Holdings PLC (HBC) plans to offer a cross-border mortgage product worldwide for middle-income clients early next year, according to Rafael Arana, HSBC's head of personal financial services in Latin America.
    2007-09-03 05:38:12
  • Fitch Upgrades 5 Classes of GS Mortgage Securities Corp. 2001-LIB (One Liberty Plaza) (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings upgrades GS Mortgage Securities Corporation II's commercial mortgage pass-through certificates, series 2001-LIB, as follows: $43.6 million class C to 'AAA' from 'AA+'; $11.6 million class D to 'AAA' from 'AA'; $16.2 million class E to 'AAA' from 'AA-'; $17.4 million class F to 'AAA' from 'A+'; $41.2 million class G to 'AAA' from 'BBB'.
    2007-09-04 10:11:00
  • Fitch Affirms COMM 2006-C7 Mortgage Trust (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch has affirmed COMM 2006-C7 Mortgage Trust, commercial mortgage pass-through certificates, as follows: $77.8 million class at A-1 'AAA'; $108 million class A-2 at 'AAA'; $40.1 million class A-3 at 'AAA'; $98.8 million class A-AB at 'AAA'; $1.1 billion class A-4 at 'AAA'; $323.6 million class A-1A at 'AAA'; $244.7 million class A-M at 'AAA'; $189.7 million class A-J at 'AAA'; ...
    2007-09-04 10:53:00
  • MFA Mortgage Investments, Inc. Announces Public Offering of Common Stock (FinanzNachrichten)

    NEW YORK, Sept. 4 /PRNewswire-FirstCall/ -- MFA Mortgage Investments, ( Nachrichten ) Inc. announced today it plans to make a public offering of 10,000,000 shares of its common stock.
    2007-09-04 06:09:38
  • Wall Street Rallies On Interest Rate Optimism - U.S. Commentary (Nasdaq)

    (RTTNews) - Stocks underwent a broad based rally on Tuesday, as speculation mounts that the Federal Reserve will cut interest rates at its next meeting. The major averages began September trading by opening mixed, as investors anxiously awaited the release of economic data.
    2007-09-04 01:48:58
  • The Mortgage crisis

    Capitol Hill Blue - ... press has declared one with regard to the rapid increase in foreclosures and home ... the Fed has created more and more cheap money by keeping the key interest rates ... debt, and in the past several years as the housing market heated up with mortgage ...
    2007-09-04 01:48:00
  • House prices and the great affordability gap

    Times Online - Mortgage payments are making up the biggest share of take-home pay for 17 years, according to figures released today. The affordability gap has grown ... meeting of the Bank of England, which is expected to put a further rise in interest rates on ...
    2007-09-04 01:13:00
  • Stocks close higher on weak economic data

    MSNBC - ... troubles from hurting the national economy — which investors believed hinted at the Fed’s willingness to lower rates. ... The Dow’s gains, meanwhile, were limited by The Home Depot Inc., which fell $1.88, or 5 percent, to $36.43 after saying it ...
    2007-09-04 01:20:00
  • Economic Data Reflect Slower Growth

    US News and World Report - Home Depot Among Wall Street Big Movers Economic Data Reflect Slower Growth ... report make it more likely that the Federal Reserve will cut interest rates at its ... above 50, despite recent tightening in the credit markets stemming from mortgage ...
    2007-09-04 11:11:00
  • UPDATE 3-Mortgage servicers urged to head off foreclosures

    Reuters - ... Sept 4 (Reuters) - U.S. banking regulators on Tuesday urged mortgage ... Interest rates on about 2 million subprime mortgages -- -- representing about 14 percent of that segment of the home loan market -- are expected to re-price higher over the ...
    2007-09-04 01:13:00
  • Housing slump hits mortgage firms, realtors

    Boston Globe - A sign referring to the "American Dream" of home ownership sits next to one ... New fallout from the U.S. housing slump hit mortgage and real estate companies on ... Miller rates NovaStar "underperform" with a zero price target. Subprime lenders ...
    2007-09-04 01:05:00