Mortgage and Financial News From 2007-10-26 Page 24
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COUNTRYWIDE REPORTS A LOSS OF $1.2 BILLION FOR 2007 THIRD QUARTER
MSN MoneyCentral - ... negatively impacted the Loan Production sector: lower levels of housing turnover and lesser refinance ... trading activities; provides property, life and casualty insurance; and manages a captive mortgage reinsurance company. For more information ...
2007-10-26 05:01:00 -
Federal Agent Charged After Probe Into Political Ad (KMGH 7 Denver)
Federal prosecutors have filed charges against a Denver-based immigration agent accused of improperly using a government computer to get information that was used in a Colorado political ad.
2007-10-25 12:36:24 -
Bush should 'un-handcuff' Paulson to deal with subprime crisis - US senator (The Forex Market)
LONDON (Thomson Financial) - US President George W. Bush has prevented his Treasury Secretary from acting to resolve the subprime mortgage crisis, because of the President's commitment to small government and free markets, a powerful Democratic senator told the Financial Times.
2007-10-26 01:15:02 -
Fitch Rates Bear Stearns Commercial Mortgage Securities Trust 2007 ...
Forbes - Classes A-1, A-2, A-3, A-AB, A-4, A-1A, A-M, and A-J are offered publicly while classes X-1, X-2, B, C, D, E, F, G, H, J, K, L, M, N, O, P are privately placed pursuant to rule 144A of the Securities Act of 1933. The certificates represent beneficial ...
2007-10-25 11:58:00 -
The Fed's knife is poised
Asia Times - Even homeowners whose mortgages exceed the resale prices of their properties could be assisted if mortgage rates fell 50 or 100 basis points. The ...
2007-10-26 03:36:00 -
Hong Kong's Hang Seng Index Closes Above 30,000 for First Time
Bloomberg - Developers ``look very good,'' said Robert Horrocks, head of research at Mirae Asset Global Investment Management Ltd. in Hong Kong. ``Mortgage rates are probably near 12-year lows, wage growth is pretty strong. Those are exactly the sorts of ...
2007-10-26 02:31:00 -
Mortgage applications edge higher, rates plunge
Washington Post - NEW YORK (Reuters) - Mortgage applications barely advanced last week even as interest rates sank to their lowest levels since May, an industry group said on Wednesday, largely reflecting the increasing difficulty borrowers face to obtain a loan as ...
2007-10-24 03:59:00 -
Caught in the Mortgage Spiral, FBR Triples Its 3rd-Quarter Loss
Washington Post - ... losses related to First NLC, a Florida subprime lender that the company had bought two years ago and sold most of this summer. With interest rates improving slightly in recent weeks, "we are now ready to begin deploying our capital" back in mortgage ...
2007-10-26 04:54:00 -
Economy worries hold down mortgage rates
The Money Times - Washington, D.C. -- Mortgage rates were held lower by worries over a slowing economy and a continuing housing slump, the Freddie Mac Primary Mortgage Survey said Thursday. The 30-year fixed-rate mortgage averaged 6.33 percent with an average 0.5 ...
2007-10-25 10:56:00 -
Mortgage rates fall for 30-year loans
Raleigh News & Observer - WASHINGTON - Rates on 30-year mortgages fell to the lowest level in six weeks as financial markets grew more hopeful that the Federal Reserve will boost the sluggish economy by cutting interest rates further. Freddie Mac, the mortgage company ...
2007-10-26 12:08:00 -
Howard says forget what I said three years ago
News.com.au - Kezzza 2:46pm Comment 34 - speaking of thick heads nobody claimed mortgage rates were 22% under Howard. At the time mortgage rates were capped - so the rest of the community (businesses , farmers, students etc) subsidised some home borrowers ...
2007-10-26 01:34:00 -
Interest rates likely to rise regardless
News.com.au - Mr Costello said there was "no basis whatever" for banks to change their standard variable mortgage rates even though he conceded the sub-prime crisis "still had a long way to go in the United States". Although world financial markets have emerged ...
2007-10-25 09:30:00 -
Fitch Rates Bear Stearns Commercial Mortgage Securities Trust 2007-TOP28 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch rates Bear Stearns Commercial Mortgage Securities Trust 2007-TOP28, commercial mortgage pass-through certificates as follows:
2007-10-25 11:59:00 -
Mortgage rates fall to lowest level in six weeks (USA Today)
Rates on 30-year mortgages fell to the lowest level in six weeks as financial markets grew more hopeful that the Federal Reserve will boost the sluggish economy by cutting interest rates further.
2007-10-25 03:59:26 -
Whistle-blower's role in fraud questioned
Seattle Post Intelligencer - That is when Congress, trying to combat fraud by companies that were selling defective supplies to the Union Army, passed ... I was blown away when they said they were going to 0 percent," said Marchese, who now works for a mortgage lender in New Jersey
2007-10-25 11:08:00