Mortgage and Financial News From 2007-12-3
Previous Day: 2007-12-02
Return to the mortgage news archive home.
Page: 1 - 20 21 22 23 24 25 26 27 28 29 30
31 32
-
Market lending rates soar to 9-year peaks (Reuters via Yahoo! UK & Ireland News)
Banks rushed to secure cash sterling for the New Year period on Monday, taking interbank lending rates to nine-year peaks as a top European monetary policymaker warned of even tighter credit conditions to come.
2007-12-03 07:57:00 -
Countrywide Falls as Chief Cites Shortage of Credit (Update2)
Bloomberg - ... at a Washington housing conference, urged government-sponsored entities Fannie Mae and Freddie Mac, the two biggest sources of mortgage funds, to become more aggressive in helping to ease a lack of credit for home buyers and investors in mortgage ...
2007-12-03 08:53:00 -
U.S. Economy: Manufacturing Grows at Slower Pace (Update1)
Bloomberg - Treasury Secretary Henry Paulson today said the government and banks will ``soon'' announce a plan to minimize foreclosures by getting agreement among banks, mortgage companies and securities-industry lobbyists to fix some subprime rates before they ...
2007-12-03 09:07:00 -
Brazil, China IPOs Thrive as Global Stocks Decline (Update3)
Bloomberg - In the U.S., where subprime mortgage losses have caused the worst housing recession in 16 years, the economy may expand 1.9 percent in 2008, according to the IMF. ``The emerging markets are a few steps removed,'' said Henrik Strabo, chief ...
2007-12-03 09:43:00 -
Montana, Connecticut Hold SIVs Downgraded, Reviewed by Moody's
Bloomberg - Dec. 3 (Bloomberg) -- Montana and Connecticut state-run investment funds hold debt tainted by the subprime mortgage collapse that was cut or put under review by Moody's Investors Service, leaving local governments vulnerable to losses. Moody's ...
2007-12-03 09:50:00 -
Paulson to detail mortgage rate-freeze plan
Chicago Tribune - WASHINGTON - This past summer, President Bush favored government restraint as troubles grew in the nation's housing market. Now, with top Wall Street banks losing billions of dollars in investments tied to home loans, executives losing their jobs and ...
2007-12-03 06:15:00 -
Paulson Says Subprime Mortgage Plan Will Lessen Economy Risks
Bloomberg - In the speech, he identified four categories of subprime borrowers: those who can afford to pay adjustable-rate loans; those who don't have ``the financial wherewithal to sustain home ownership;'' those who choose to refinance their mortgage -- which ...
2007-12-03 07:41:00 -
Today on the presidential campaign trail
Boston Globe - This would not be a good time -- I don't know if there would ever be a good time to do this -- to advocate ending the home mortgage deduction. The home mortgage deduction is considered by many critical to the ability of people to buy a home and keep ...
2007-12-03 10:12:00 -
Wolters Kluwer Financial Services Introduces Practical Guide to Bank ...
Forbes - ... Reserve Regulation B -- Privacy of Consumer Financial Information -- Homeowners Protection Act -- Electronic Fund Transfer Act and Federal Reserve Regulation E -- Insider Lending and Federal Reserve Regulation O -- Home Mortgage ...
2007-12-03 09:36:00 -
Closing in on a deal to freeze U.S. mortgage rates: Paulson
Globe and Mail - Home National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... Secretary Henry Paulson says he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage ...
2007-12-03 09:00:00 -
Deal Near on Mortgage Defaults
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage ...
2007-12-03 08:24:00 -
Paulson outlines mortgage-aid plan
Reuters - Last week, Paulson met with U.S. lending regulators and executives from several sectors of the mortgage industry to develop a plan to help subprime borrowers who could lose their home when their mortgage rate increases. "We are determined to bring ...
2007-12-03 09:29:00 -
Clinton calling for foreclosure ban: Report
CNN Money - Other Democratic candidates have proposed remedies for the home mortgage crisis. Former Senator John Edwards of North Carolina called last October for looser bankruptcy laws to shield home owners from creditors. In August, Clinton asked legislators to ...
2007-12-03 05:40:00 -
Accredited Mortgage Loan REIT Trust Declares Q4 Dividend on Preferred ...
Forbes - Accredited Mortgage Loan REIT Trust, a subsidiary of Accredited Home Lenders Holding Co., is a Maryland real estate investment trust that was formed in May 2004 for the purpose of acquiring, holding and managing real estate assets. Forward Looking ...
2007-12-03 09:07:00 -
S&P expects mortgage troubles, write-offs to continue to weigh on home ...
CNBC - NEW YORK - Standard & Poor's Ratings Services on Monday said the same problems that led it to cut ratings on various home builders 11 times since August still exist, making prospects for near-term improvement "dim." The agency currently has only five ...
2007-12-03 08:10:00