Mortgage and Financial News From 2007-10-27 Page 14
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A Real Alternative to Property Repossession
PR.com - These and other factors have led to rates of home repossessions by mortgage lenders to rise significantly over the first 2 quarters of this year and there is no sign of them slowing down. The Royal Institute of Chartered Surveyors have estimated ...
2007-10-26 11:52:00 -
California mortgage defaults hit record (San Jose Mercury News)
With home sales plummeting, values sliding and mortgage companies newly picky about who can refinance, more California homeowners than ever before faced foreclosure last quarter.
2007-10-27 01:47:02 -
US Stocks Post Solid Gains, Led by Tech Shares
CNBC - ... meanwhile, considered the developments at Countrywide, the nation's largest mortgage ... Treasuries also gained on continued speculation that the Fed will trim rates next ... It was the lowest reading since May 2006 when the index stood at 79.1. The survey ...
2007-10-26 01:15:00 -
Contracting, Tech Help Lower N.Va. Jobless Rate
Washington Post - Unemployment rates remain low through the Washington region -- good for workers ... In Virginia , Arlington County posted the lowest unemployment rate, at 1.8 percent. ... Economists said there was little evidence that the mortgage-industry crisis had hit ...
2007-10-26 08:25:00 -
U.S. homeownership continues to slip
Baltimore Sun - Declining ownership rates mean fewer Americans will be able to tap housing equity to finance education ... The volume of mortgages issued this year will fall to the lowest since 2000, the Mortgage Bankers Association forecast this month.
2007-10-27 12:14:00 -
U.S. tax-free debt may face risks from Merrill
Reuters - NEW YORK (Reuters) - The U.S. municipal bond market, a $2.5 trillion asset class with one of the world's lowest default rates, is ... to market have also been clipped since Wednesday, when agencies cut Merrill's credit due to its bad subprime mortgage ...
2007-10-26 05:54:00 -
Inflation fears not registering
Los Angeles Times - The bogeymen that were supposed to frighten the Fed into holding the line on rates ... policymakers are expected to cut their rate from 4.75% to 4.50%, the lowest since ... The credit crunch, of course, was rooted in surging U.S. mortgage defaults and fears ...
2007-10-26 11:52:00