Mortgage and Financial News From 2007-9-19 Page 10

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  • ANZ rates 'likely to fall' (Adelaide Now)

    ANZ Banking Group says it is more likely to cut interest rates on its mortgages than lift them, despite the global credit crunch costing it $20 million in revenue each month.
    2007-09-19 07:25:54
  • UK banks to get billions in drive to cut pressure of looming hikes in mortgage rates (The Scotsman)

    THE Bank of England (BoE) yesterday announced it will inject tens of billions of pounds into the British banking system, a move that could ease pressure on home-owners facing higher mortgage rates.
    2007-09-19 04:23:20
  • Dollar Is Little Changed as Consumer Prices Fall in the U.S.

    Bloomberg - The Mortgage Bankers Association's index of applications to buy a home or refinance a loan rose to 673.2 from 657.4 the prior week. The group's purchase index increased 0.9 percent and its refinancing gauge strengthened 4.6 percent. To ...
    2007-09-19 05:45:00
  • Help For Home Buyers on The Brink of Foreclosure

    KLAS-TV - The latest home foreclosure numbers reveal the problem has reached a crisis level in Nevada. Now, lawmakers are scrambling ... On the federal level, Nevada's congressional leaders are supporting measures that would help homeowners refinance their ...
    2007-09-19 03:18:00
  • Berks County mortgage broker files for bankruptcy

    Philadelphia Inquirer - ... five subsidiaries filed for bankruptcy this week, affecting more than 800 customers who face higher payments on their home ... He said OPFM worked with Image Masters, its investment subsidiary, to refinance homeowners and invest proceeds. For instance, a ...
    2007-09-19 04:37:00
  • Fannie Mae, Freddie Mac Regulator Eases Asset Limits (Update6)

    Bloomberg - ... Bush administration reversed policy, allowing Fannie Mae and Freddie Mac, the two largest sources of money for U.S. home ... allow the Federal Housing Administration to help subprime borrowers who have fallen behind in their mortgages to refinance. The ...
    2007-09-19 04:37:00
  • Cut will aid homeowners

    Los Angeles Times - New home buyers and homeowners who want to refinance into a 30-year loan face the biggest question mark, because it isn't certain that the Fed's reduction in its short-term rate will translate into lower long-term mortgage rates. That's because long ...
    2007-09-19 07:18:00
  • S&P: Corporate Defaults Could Hit $35B Next Year

    CFO.com - You are here: Home : Today in Finance : Article ... likely in the short term, because many companies took advantage of the looser credit markets in recent quarters to refinance ...
    2007-09-19 02:14:00
  • Equities rebound as central banks intervene

    Financial Times - Regulators gave Freddie Mac and Fannie Mae, the government-chartered companies that own or guarantee 40 per cent of US home loans, extra flexibility to help distressed homeowners refinance from high-risk subprime loans. These steps, combined with ...
    2007-09-19 12:55:00
  • Falling home prices hurt borrowers, neighbors

    CNN Money - Schumer's bill is aimed at making it easier for homeowners with subprime ARMs to refinance and to help home buyers in high-cost markets get a mortgage since even those with good credit have been shut out recently. Among the measures he calls for ...
    2007-09-19 03:11:00
  • Home starts hit 12 year low, CPI dips in August (Reuters via Yahoo! News)

    Consumer inflation dipped unexpectedly last month thanks to falling gasoline prices while new home construction hit a 12-year low as the housing slump continued to dim the outlook for growth.
    2007-09-19 01:37:15
  • U.S. Stocks Extend Biggest Rally in Four Years; Banks Gain

    Bloomberg - Countrywide Financial Co., the biggest U.S. mortgage provider, climbed to the highest ... of Delphi Management Inc. in Boston. ``With foreclosures going up and the bad ... Co. in New York. ``This bull still has some legs, but there is still the credit ...
    2007-09-19 11:07:00
  • Morgan Stanley profit falls 17% after credit squeeze

    Marketwatch - ... on Wednesday reported a 17% decline in third-quarter net income after writing down bad ... is that Morgan Stanley also took its medicine and wrote down leveraged loans and mortgage, and we see a stronger fourth quarter 2007 ahead, as the credit ...
    2007-09-19 01:09:00
  • Dow leaps 335 points amid credit tumult

    Baltimore Sun - ... economic assessment gratified a market that plunged during August amid fears that credit market tightness, spawned by a continuum of mortgage ... Fed's response to the tumult may eventually lead investors to worry more about how bad the current credit ...
    2007-09-19 04:48:00
  • Analysis: Regulators rethink bank rules

    Financial Times - ... has crumbled in recent days, Adam Applegarth, chief executive of the UK mortgage ... But Mr Applegarth’s comments highlight a crucial point about the spreading credit ... have assumed that the banks would be less vulnerable if loans turned bad. Thus ...
    2007-09-19 11:36:00