Mortgage and Financial News From 2007-10-27 Page 13
Previous Day: 2007-10-26
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14
-
European Bonds Post Second Weekly Gain on Outlook for Growth (Bloomberg.com)
Oct. 27 (Bloomberg) -- European government bonds posted a second week of gains on signs growth is slowing and on speculation Federal Reserve interest-rate cuts will limit the European Central Bank's scope for raising borrowing costs.
2007-10-27 12:46:42 -
Debt-rating firms subpoenaed
Chicago Tribune - ... Hill last month about the role their agencies played in the subprime mortgage industry's implosion last summer and whether they were affected by conflicts of interest. ... investigation that may be rated by these agencies, but certainly not the only ...
2007-10-26 11:52:00 -
CMHC lowers investment threshold for homebuyers
Calgary Herald - He was concerned about products like interest-only mortgages which give consumers the option of not making a principle payment for the first 10 years of a mortgage. Serre said CMHC did consider the issue of whether the changes could over-stimulate the ...
2007-10-27 12:00:00 -
Fitch Upgrades 2 & Affirms 23 Classes of GE Commercial Mortgage 2003 ...
Forbes - Fitch Ratings has upgraded GE Commercial Mortgage Corporation, series 2003-C2, as follows: --$14.8 million class F to 'AA ... Interest-only class X-1 at 'AAA'; --Interest-only class X-2 at 'AAA'; --$35.5 million class B at 'AAA'; --$14.8 million ...
2007-10-26 02:13:00 -
JC Flowers in talks to buy Northern Rock
BusinessWeek - ... takeover bid and named a proposed management team for the troubled British mortgage ... Flowers, which faces competing interest from Richard Branson's Virgin Group for ... The rush was only stemmed days later when the government stepped in to guarantee ...
2007-10-26 10:19:00 -
Sharing appreciation may make mortgage modification feasible
Herald Tribune - ... in 2005, John Subprime took out a 2-year adjustable-rate mortgage for $100,000 at 5 percent. It was a 100 percent loan, but the balance had been paid down to $97,237. The initial payment of $537 was affordable, but lasts only two years. The interest ...
2007-10-27 01:18:00 -
Countrywide reports loss for quarter of $1.2 billion
Baltimore Sun - Mortgage colossus Countrywide Financial Corp. reported yesterday a third-quarter ... It increased bank deposits by $1.7 billion in September alone, but only by ... lower through the start of next year, unless the housing slump improves or interest ...
2007-10-27 12:14:00 -
JC Flowers in talks to buy Northern Rock (AP via Yahoo! News)
U.S. private equity firm J.C. Flowers & Co. said Friday that it is in talks with Northern Rock PLC about a possible takeover bid and named a proposed management team for the troubled British mortgage lender.
2007-10-26 10:14:41 -
Fitch Upgrades 2 & Affirms 23 Classes of GE Commercial Mortgage 2003-C2 (Business Wire via Yahoo! Finance)
CHICAGO----Fitch Ratings has upgraded GE Commercial Mortgage Corporation, series 2003-C2, as follows:
2007-10-26 02:11:00 -
Merrill's iron driver (FT.com via Yahoo! News)
As a serious golfer such as Stan O'Neal knows only too well, one bad hole can ruin an otherwise great round. This week, Merrill Lynch's chief executive had the equivalent of a triple bogey: $8bn of writedowns in the investment bank's mortgage securities business - a Wall Street record - leading to losses of $3.5bn in the third quarter.
2007-10-26 11:20:09 -
Beyond the gates: Mortgage crisis hits homeowners associations (The Desert Sun)
Among the victims of the subprime mortgage loan crisis are homeowners associations, and, in particular, the neighbors of the many homeowners who, when facing foreclosure, simply abandon their homes or are evicted by the bank after the foreclosure.
2007-10-27 01:27:10 -
Housing crunch leaves home owners with few options
Greeley Tribune - The grim news -- existing home sales plunged 8 percent nationwide compared to ... The latest news couldn't come at a worse time for Diane Huffman, a Denver mortgage ... Foreclosure rates are not improving either. According to Realtytrac, there were ...
2007-10-27 12:00:00 -
PM admits breaking rates promise
News.com.au - The "broken promise" had cost first home buyers on an average $240,000 mortgage about $200 a month, he said. "What Mr Howard is saying is that his promise at the last election on interest rates lasted only two nights, and therefore from his point of ...
2007-10-26 02:41:00 -
Treasurys throw off losses after survey shows consumers less buoyant
CNBC - HOME ... economic malaise could increase the odds that the Federal Reserve will cut rates ... In early trading, prices fell after troubled mortgage originator Countrywide ...
2007-10-26 09:19:00 -
Countrywide: Could Have Been Worse
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Countrywide and other lenders are reeling as borrowers default on their loans at higher rates. The spiking defaults have ...
2007-10-26 10:02:00