Mortgage and Financial News From 2007-12-8 Page 4
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Interest rates 'to top 9pc'
News.com.au - HOME buyers have been warned to brace for more mortgage pain in 2008, with interest rates tipped to rise to 9.1 per cent or more, The Australian reports. According to the newspaper, the South Australian Centre for Economic Studies expects the Reserve ...
2007-12-06 03:59:00 -
Help on mortgages: the fine print
Boston Globe - Help on mortgages: the fine print The plan outlined by President Bush applies to subprime residential adjustable-rate mortgage loans that have an initial fixed-rate period of 36 months or less and that:
2007-12-06 06:29:00 -
The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. Dividend ...
MSN MoneyCentral - Fixed-rate mortgage loans made to prime borrowers have not shown the same deteriorating performance as floating-rate mortgage loans. The superior performance of fixed-rate mortgage loans is due to low loan-to-value ratios and higher documentation ...
2007-12-05 03:53:00 -
UPDATE 2-Democratic lawmakers cool to US mortgage freeze plan
Reuters - It shuts out hundreds of thousands of borrowers who are either in, or shortly will be facing, default in 2007 because of the abusive, exploding (adjustable rate mortgage) loans they were sold," Senate Banking Committee Chairman Christopher Dodd ...
2007-12-06 02:40:00 -
Off the Charts: Construction loans' red flag
International Herald Tribune - ... profitable, particularly for smaller banks that had seen competition from larger banks and securities markets erode their position in such areas as mortgage lending and credit card issuance. Now, however, more than 3 percent of all construction loans ...
2007-12-08 03:28:00 -
Hedge funds insulated from worst
Daily Telegraph - Airlie, a US fund that traded in collateralised loan obligations (CLOs) - parcels of different types of debt which often included sub-prime mortgage loans - brought down the gate in September when the credit crunch hit and it was flooded with ...
2007-12-08 05:01:00 -
The quick, surprising turnabout at ResCap
Minneapolis Star Tribune - In 2005, 73 percent of the company's U.S. mortgage loans came from mortgage brokers or correspondent institutions. In 2006, that share rose to 83 percent. "Conditions in the housing market deteriorated very rapidly in ways we haven't seen before ...
2007-12-08 02:38:00 -
Off the Charts: Construction loans' red flag (International Herald Tribune)
Floyd Norris on the dangerous dependence of midsize to small banks on construction loans.
2007-12-08 10:29:36 -
House prices still going up in Valley
Allentown Morning Call - ... of pending sales contracts -- a measure of future activity -- fell to its lowest ... declines, Lehigh Valley home prices have continued to rise, albeit at lower rates ... The fallout from the mortgage-lending crisis has also been slower to hit the Lehigh ...
2007-12-08 03:49:00 -
US 30-year mortgage fall, remain at 2 year low
Reuters - Fifteen-year mortgage rates also declined to their lowest level in more than two years, falling to 5.65 percent from 5.73 percent last week. It was the lowest rate since the week ended Oct. 13, 2005, when the 15-year averaged 5.62 percent. One-year ...
2007-12-06 03:23:00 -
Parent's poor money habits haunt conscientious savor
Modesto Bee - They have a town house with a small mortgage that they've been renting out while living overseas. "We have no debts other ... You calculate your net worth by adding up your assets and subtracting your liabilities. On the asset side you list, among ...
2007-12-08 03:10:00 -
The Home Buying Process: Step by Step (Albert Lea Tribune)
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you.
2007-12-08 06:58:15 -
Local non-profits try to soften the blow of sub-prime mortgage crisis
WWL-TV - Local non-profits try to soften the blow of sub-prime mortgage crisis 06:01 PM CST on Saturday, December 8, 2007 Maya ... Bush announced a plan to freeze interest rate hikes for five years. “The homeowners deserve our help. The steps I've ...
2007-12-08 03:49:00 -
Worried? Blame the Chinese and the Arabs
Times Online - ... their homes, what they have to pay when using their credit cards, the growth rate ... The MPC’s quarter-point cut in interest rates will trim a few pounds off some ... counterparts, succumbed to the temptation of the returns to be earned by sub-prime ...
2007-12-08 04:32:00 -
Expect volatile, uncertain pause next year
News.com.au - That's, incidentally, the official interest rate. It remains entirely possible the big banks could follow the tiny Bank of ... mind of one about-to-be-former resident of Kirribilli in Sydney -- was the RBA sending a not-so subtle message to Prime ...
2007-12-08 05:08:00