Mortgage and Financial News From 2007-9-19 Page 5

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  • Home starts hit 12-year low

    MSNBC - ... in 16 years with analysts forecasting weak prices and further declines in sales for months to come, given rising mortgage ... On Tuesday, the National Association of Home Builders reported that its index of builder
    2007-09-19 01:52:00
  • Nev. clears up new mortgage law

    CNBC - CARSON CITY, Nev. (AP) - State lawmakers, the Gibbons administration and the attorney general's office are scrambling to clear up confusion over fuzzy wording in a new law that's making it tougher for some qualified Nevadans to get home loans. Some ...
    2007-09-19 02:56:00
  • Mortgage rates won't fall soon

    Newsday - The effect has been felt over the last several weeks," said Mike McHugh, chief executive of Continental Home Loans in Melville. There is no direct relationship between Fed interest rates and mortgage rates. Thirty-year fixed-rate mortgages move more ...
    2007-09-19 06:17:00
  • Senate committee approves bill expanding government backing of ...

    Forbes - WASHINGTON (Thomson Financial) - A day after the Federal Reserve moved to calm fears about expanding home mortgage defaults and related market volatility, a Senate panel approved its own plan for keeping US homeowners in their homes. The Senate ...
    2007-09-19 08:44:00
  • Money talk: Low rates

    Daily Telegraph - A price worth paying: The Myers family paid a high fee for a flexible mortgage with a low interest rate More than 250,000 home owners with two-year fixed-rate mortgage deals due to expire in the last three months of this year could face a financial ...
    2007-09-19 06:53:00
  • Leaders & Losers For Wednesday, Sept. 19

    Forbes - Following the Fed's interest rate cut, investors are holding out hope that mortgage lenders are getting back into shape. Helping things out, the Mortgage Bankers Association reported today that home loan applications rose 2.4% last week. Shares of ...
    2007-09-19 11:15:00
  • Paulson Considering Mortgage Change

    US News and World Report - WASHINGTON (AP) -- Shifting course, Treasury Secretary Henry Paulson planned to tell Congress he would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities those loans exceeding ...
    2007-09-19 04:51:00
  • American Home, Freddie Mac resolve dispute

    Reuters - NEW YORK, Sept 19 (Reuters) - Bankrupt home loan company American Home Mortgage Investment Corp (AHMIQ.PK: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) have resolved a dispute that the latter said could have cost ...
    2007-09-19 12:12:00
  • Mortgage Crisis Affects Bay Area (KGO-TV Bay Area)

    The dramatic effects of the mortgage crisis on Bay Area home prices, and what Washington is trying to do about it.
    2007-09-19 07:32:33
  • Berks Co. Mortgage Broker Declares Bankruptcy (WPVI-TV Philadelphia)

    A Berks County mortgage broker and its five subsidiaries filed for bankruptcy this week, affecting more than 800 customers who face higher payments on their home loans.
    2007-09-19 06:14:19
  • Regulators ease limits on Fannie Mae's mortgage debt (San Jose Mercury News)

    WASHINGTON - The government on Wednesday nudged higher the investment caps for home-loan finance companies Fannie Mae and Freddie Mac in an effort to alleviate strain in the mortgage market.
    2007-09-19 03:23:01
  • Bank of Japan keeps rates after Fed's easing

    Reuters - Although the Japanese central bank has been aching to boost Japanese interest rates from current low levels, investors see little chance of an increase for several months in light of growing economic risks both at home and around the globe. The ...
    2007-09-17 05:58:00
  • UPDATE 1-Bank of Japan seen on hold as Fed cuts rates

    Reuters - Although the Japanese central bank has been aching to boost Japanese interest rates from current low levels, investors think it will have to let things lie for now in light of growing economic risks -- at home and around the globe. Instead, the ...
    2007-09-17 05:58:00
  • Fed rate cut may spell end to India's tightening phase

    Economic Times - Earlier this week, ICICI Bank Managing Director K V Kamath said that the country would face a challenge in maintaining its economic growth if interest rates did not soften from the current levels. He also pointed out that industrial output growth ...
    2007-09-19 07:36:00
  • Asian markets up on US interest cut

    Taipei Times - Japan on yesterday hailed the Fed's hefty cut in interest rates, saying it was prompt action to ease distress in financial markets. "I think they are responding promptly to the current situation," Chief Cabinet Secretary Kaoru Yosano said. The Fed ...
    2007-09-19 05:55:00