Mortgage and Financial News From 2007-10-27 Page 3
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Thai baht to continue strengthening on expected US rate cut (MCOT - TNA English News)
BANGKOK, Oct 27 (TNA) - Asian currencies, including the Thai baht, are anticipated to continue appreciating against the US dollar on high expectations that the Federal Reserve may cut its interest rate by at least 25 basis points next week, according to a report issued by Kasikorn Research Centre.
2007-10-27 12:26:13 -
Reserve will move the rate lever with care (Herald Sun)
THE official interest rate, and so housing rates, is going up by a quarter per cent on the day after the Melbourne Cup. And then what?
2007-10-27 07:00:00 -
The Housing Bust's Latest Blow
BusinessWeek - That's because falling prices make it more difficult for holders of certain types of mortgages to refinance and hang on to their homes. Added Hatzius: "What the Atlanta Fed paper does is illustrate how important changes in access to credit can be in ...
2007-10-26 10:52:00 -
Fitch: Classes B & C of N-45 First CMBS 2003-3 Remain on Watch ...
Forbes - Fitch stressed debt service coverage ratios (DSCRs) are calculated based on servicer provided net operating income less reserves and an additional vacancy adjustment, current loan balance and a stressed refinance constant. Fifth Avenue Place, the ...
2007-10-26 12:54:00 -
MORTGAGE ASSISTANCE Jackson, Bernanke to discuss proposals
Chicago Tribune - Taylor said Jackson and the NCRC will talk to Bernanke about launching a fund to help struggling homeowners refinance mortgages and prevent foreclosures. Rashida Restaino, a spokeswoman for Rainbow/PUSH, also confirmed that Jackson is scheduled to ...
2007-10-26 11:52:00 -
Home buying traps to avoid
Edmond Sun - Taking a five-year ARM (Adjustable Rate Mortgage) loan may be appealing because the rate is a bit lower and anyway, you’ll probably refinance the loan within five years. But be careful, your job or income situation may change between now and then ...
2007-10-27 04:42:00 -
Butterflies are free, and so too online photo editors (The Record)
Longtime readers know I am a great fan of Adobe Photoshop. True, some of us need to refinance our mortgages to afford the varying $1,000-plus versions and upgrades of this world-class image editing powerhouse. But it wouldn't be computing if it didn't hurt us in the wallet a little.
2007-10-27 04:29:59 -
Wells Fargo stages grand opening
Frederick News-Post - They didn't get a stagecoach ride, but the employees of Wells Fargo Home Mortgage ... Information security is a key issue at Wells Fargo, he said. There are six revolving ... The company had as many as 1,900 employees during the refinance boom of 2003 to ...
2007-10-26 10:55:00 -
Housing troubles worsen
Santa Rosa Press Democrat - ... number from a year ago, according to a report issued Friday by DataQuick Information ... Foreclosure activity will likely worsen into next year as mortgage payments rise ... Falling home prices have made it harder to refinance into a cheaper loan, and a ...
2007-10-27 08:49:00 -
Wells Fargo stages grand opening (The Frederick News-Post)
They didn't get a stagecoach ride, but the employees of Wells Fargo Home Mortgage in Frederick still enjoyed the day. The company held a grand opening of its $30 million, 297,000-square-foot building, complete with food and a presentation by executives on Thursday.
2007-10-26 11:08:36 -
Paramedics Find Dead Baby At Apartment (WISN 12 Milwaukee)
Police reveal more information about a horrific discovery made in a Milwaukee apartment building.
2007-10-27 06:25:04 -
Need cash? Calculate the least costly option (Seattle Times)
Borrowers should not rely on the judgment of loan providers in making decisions about cash-out refinance.
2007-10-27 12:28:09 -
Could these families be millionaires in the making?
Times Online - There are other priorities to consider first: our mortgage is about to go up by £120 a month because rates have risen and there is also the cost of private education to consider. “However, I could save more into my personal pension and as ...
2007-10-27 04:27:00 -
Sept. 16: No one predicts a quick fix
Minneapolis Star Tribune - The effect on mortgage and corporate debt rates would be more indirect, and take more time to make itself felt. Most mortgage rates, for example, are related to either the rate on 10-year Treasury debt, or a market-set loan rate that banks use to lend ...
2007-10-26 01:08:00 -
Petrol to soar $40 a month
News.com.au - In another hip pocket blow, interest rates are set to rise next month, adding $70 a month to a $300,000 mortgage. Economists expected the Reserve Bank to lift interest rates by .25 of a per cent over inflation concerns. Shane Oliver, of AMP Capital ...
2007-10-27 02:26:00