Mortgage and Financial News From 2007-11-9 Page 14
Previous Day: 2007-11-08
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Refinance car loan when numbers add up (Bankrate.com via Yahoo! Finance)
Sometimes it makes sense to refinance a car loan, says Bankrate car columnist Terry Jackson.
2007-11-09 03:00:00 -
Homeowners can get help in mortgage crisis
Cumberland Times-News - Carol Barnes and Virginia King of Cumberland came to gather more information about the issue and how to ... Ariano said that $100 million for a Lifeline Refinance Program has been identified to refinance 500 households out of subprime mortgage, $10 ...
2007-11-09 05:54:00 -
Homeowners can get help in mortgage crisis (Cumberland Times-News)
Without even realizing it or writing a check, every Marylander has lost nearly $370 because of predatory lending. William Ariano Jr. said that's the effect foreclosures are having and it may only get worse.
2007-11-09 08:49:47 -
Pound Posts Fourth Weekly Gain Versus Dollar on Rates Outlook
Bloomberg - The Fed lowered rates twice to 4.5 percent in the past two months to stem an economic slowdown caused by the collapse of the subprime-mortgage market. Interest-rate futures on the Chicago Board of Trade showed a 98 percent chance U.S. policy makers ...
2007-11-09 09:14:00 -
House price slowdown continues for second month
Guardian Unlimited - Analysts say the situation is poised to get worse as an estimated 2.1 million borrowers come off their low fixed-rate mortgage deals in the next 18 months to face higher interest rates. Around 40% of mortgage deals have been withdrawn in the past ...
2007-11-09 10:19:00 -
Moody's cuts Morgan Stanley Alt-A mortgage securities
Reuters - ... Service cut the ratings on 86 classes of Morgan Stanley mortgage securities while placing another 37 tranches under review on Friday. "The ratings were downgraded and placed under review for downgrade based on higher than anticipated rates of ...
2007-11-09 10:40:00 -
U.S. Three-Month Bill Yields Tumble as Subprime Concern Rises
Bloomberg - Mortgage-bond investors typically buy Treasuries when rates fall and consumers refinance home loans, giving investors back their money sooner than anticipated and forcing them to reinvest in new securities at lower rates. Treasuries, meanwhile ...
2007-11-09 11:23:00 -
Stocks Fall on Credit , Economic Fears
Newsday - This is the second-straight week stocks are poised to drop amid further concerns about bank and brokerage writedowns from subprime mortgage and credit exposure. Light, sweet crude oil rose 50 cents to $95.96 a barrel on the New York Mercantile ...
2007-11-09 09:21:00 -
Bank holds rates despite further signs that housing boom is over
Times Online - Fresh confirmation from Britain’s biggest mortgage lender that the house price boom is over failed to persuade the Bank of England to cut interest rates yesterday. Halifax, the nation’s biggest mortgage lender, said that its latest survey showed ...
2007-11-09 04:13:00 -
Capitol Federal Financial 2007 profit falls 33 percent; mortgage woes ...
CNBC - Net interest income slid to $106.4 million from $127 million last year, primarily on a drop in mortgage-related securities. The market for these investments virtually dried up in August amid a spike in default rates on mortgages to borrowers with ...
2007-11-09 09:00:00 -
Wachovia reveals more debt losses
BBC Business - As US mortgage rates have risen sharply over the past year, the sub-prime sector, which specialises in loans to people with poor credit histories or those on low incomes, has seen record levels of loan defaults. The losses US banks have had to ...
2007-11-09 08:31:00 -
U.K. Home Prices May Decline in 2008, Citigroup Says (Update1)
Bloomberg - The U.S. subprime mortgage slump has also pushed mortgage rates higher, further hurting affordability. Capital Gains Citigroup said house prices may also fall as the government's decision to cut capital gains tax encourages ...
2007-11-09 09:28:00 -
TD Canada Trust changes residential mortgage rates
CNW Group - TORONTO, Nov. 9 /CNW/ - TD Canada Trust has changed its mortgage rates, effective November 10, 2007. The changes are as follows: < Fixed Rates To: Change: ----- 6-month convertible 6.75% NC 1-year open 9.30% NC 1-year closed 7.20% -0.05 2-year ...
2007-11-09 10:47:00 -
Mortgage rates fall across board
San Diego Union-Tribune - Rates on 30-year mortgages fell for the third straight week, dropping to the lowest level in five months, Freddie Mac reported in its nationwide survey. Analysts attributed the decreases to mounting evidence that the economy is starting to slow ...
2007-11-09 01:50:00 -
Fitch Rates $691.6MM SASCO Mortgage P-T Ctfs, Series 2007-BNC1
Forbes - --$10.1 million class B1 'BB+' (144A); --$11.2 million class B2 'BB' (144A). The 'AAA' rating on the senior certificates reflects the 27.45% total credit enhancement provided by the 2.45% class M1, the 2.45% class M2, the 4.30% class M3, the 1.55 ...
2007-11-09 08:45:00
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