Mortgage and Financial News From 2007-8-21 Page 9
Previous Day: 2007-08-20
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Help for mortgage lenders from Federal Home Loan Bank (Seattle Post-Intelligencer)
WASHINGTON -- The Federal Home Loan Bank system has increased low-cost lending to financial institutions in an effort to bolster credit stability.
2007-08-21 04:17:52 -
Mortgage woes plague nation's largest home-loan company (Bridgewater Courier News)
LOS ANGELES (AP) … Countrywide Financial Corp., the nation's largest mortgage lender, sought to reassure customers Monday that the problems dogging its mortgage operations were not affecting its banking unit.
2007-08-21 01:37:12 -
Countrywide cuts 500 mortgage jobs (AP via Yahoo! News)
Countrywide Financial Corp., the nation's largest mortgage lender, said Monday it has eliminated about 500 jobs as it tries to ride out problems from a credit crunch that has rocked the home loan industry.
2007-08-21 01:18:28 -
Mortgage crisis to hit home builders harder, B. of A. says (Market Watch)
SAN FRANCISCO (MarketWatch) -- The broadening mortgage crisis, which is making home loans more difficult to obtain, will hit home builders hard as home sales slump, Bank of America analysts said on Tuesday.
2007-08-21 04:34:59 -
Accredited Home selling $1 billion mortgage loans (Reuters via Yahoo! News)
Struggling subprime mortgage lender Accredited Home Lenders Holding Co on Tuesday said it agreed to sell $1 billion of home loans to an unnamed investor, a move it said would limit its exposure to margin calls.
2007-08-21 03:05:12 -
Mortgage Lenders Cutting Jobs
HULIQ.com - The cuts will come in its Full Spectrum lending division which handles mortgages for customers who don’t qualify for the best rates. U.S mortgage lender Thornburg has sold $20.5 billion of assets amid a tough market. Thornburg’s shares ended 10.2 ...
2007-08-21 03:43:00 -
New Zealand Mortgage Rates Not Yet Adversely Affected By Sub-Prime ...
RTT News - 8/20/2007 7:29:08 PM The sub-prime mortgage crisis gripping much of the world has yet to create a significant impact on mortgage rates in New Zealand, but analysts say it may bring negative effects in the future. This according to a report in the New ...
2007-08-20 10:46:00 -
LoanSifter Appoints Director of Financial Information
Forbes - As part of his MBA program, Aranguiz and two partners formed a Canadian start-up to help consumers find competitive mortgage/loan rates; Aranguiz relinquished his interests prior to immigrating to the US in 2000. He continued with USA Funding, a ...
2007-08-21 01:55:00 -
Giving 'Champions' a hand
Orlando Sentinel - Peek, executive vice president of Stockton Turner LLC, a mortgage brokerage based in Maitland, said Bank of America's mortgage rates are not always the lowest, and consumers might be better off with a loan at a lower rate from another lender and with ...
2007-08-21 11:32:00 -
US mortgage foreclosure rate deepens in July, top Democrats blamed for ...
Axcess News - (AXcess News) Washington - According to RealtyTrac, mortgage foreclosure rates rose 9 percent in July over the prior month, a 93 percent increase over the same period last year. But with the dismal results, the top states under fire are home to some ...
2007-08-21 01:34:00 -
Mortgage rates escape shares fallout - for now
New Zealand Herald - Mortgage rates have yet to feel much impact from the turmoil in world financial markets, though the jury is out about the effect to come. Westpac chief economist Brendan O'Donovan said there were forces working in both directions and it was too soon ...
2007-08-21 03:40:00 -
INTERVIEW ZEW's Schroeder sees ECB not raising rates in Sept
Forbes - FRANKFURT (Thomson Financial) - ZEW's Chief Economist Michael Schroeder said he expects the ECB would not increase interest rates in September but would only move them after it has a clearer picture on the fallout of the US subprime mortgage crisis ...
2007-08-21 12:22:00 -
Foreclosure rates increase nationwide
MSN MoneyCentral - Nevada, Georgia and Michigan account for the highest rates nationwide. The mortgage industry has been battered by rising defaults and foreclosures, primarily driven by borrowers with subprime loans and adjustable rate mortgages. Lagging home sales and ...
2007-08-21 11:11:00 -
German confidence hit by US woes
BBC Business - The US sub-prime mortgage sector specialises in higher-risk loans to people with poor credit histories, or those on low incomes. As mortgage rates have risen in the past year it has led to a growing number of loan defaults, putting pressure on many ...
2007-08-21 11:54:00 -
Toll Brothers downgraded ahead of earnings
CNN Money - We think that the deteriorating affordability [from higher mortgage rates] and worsening high-end traffic levels will lead investors to view Toll's land position as more of a liability than an asset," he wrote. The drop in both sales volume and prices ...
2007-08-21 04:04:00
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