Mortgage and Financial News From 2007-12-3 Page 6
Previous Day: 2007-12-02
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EU Calls for Uniform Banking Supervision
Forbes - Tackling wider problems in financial markets, Almunia repeated that regulators are looking at ways to step up transparency in financial markets, improve valuation standards for complex investments - like the repackaged mortgage loans that triggered ...
2007-12-03 08:24:00 -
U.S. organizing an adjustable-rate freeze
Christian Science Monitor - The further prices fall, the greater the number of recent home buyers who will go "upside down," having homes that are worth less than the balance of their mortgage loans. The result could be even more foreclosures – and more homes ...
2007-12-03 02:51:00 -
Stocks Fall Modestly in Early Going
Newsday - Financial shares fell amid renewed concerns about how widespread the fallout from soured mortgage loans will spread, with Moody's Investor Service considering lowering ratings on debt from big names like Citigroup Inc. The relatively quiet start to ...
2007-12-03 07:41:00 -
Korea’s Household Debt Exceeds 600 Trillion Won
Donga.com - Among new bank loans in the third quarter, mortgage loans accounted for only 38.5%, and other reasons including consumption, 61.5%. Loans from the non-banking institutions continued to show high, increasing by 5.0549 trillion won in the third quarter ...
2007-12-03 11:09:00 -
Farmer Mac Reports Officers' Amendments to 10b5-1 Trading Plans
Forbes - Farmer Mac is the stockholder-owned instrumentality of the United States chartered by Congress to establish a secondary market for agricultural real estate and rural housing mortgage loans. SOURCE The Federal Agricultural Mortgage Corporation ...
2007-12-03 01:32:00 -
Anworth Mortgage Asset Corporation Announces Over-Allotment Exercise ...
Raleigh News & Observer - ... or jurisdiction. About Anworth Mortgage Asset Corporation Anworth is a mortgage real estate investment trust (REIT) which invests in mortgage assets, including mortgage pass-through certificates, collateralized mortgage obligations, mortgage loans and ...
2007-12-03 05:07:00 -
SE Financial Corp. Announces Fourth Quarter and 2007 Year End Results
Forbes - ... the quarter (growth in total loans was $13.7 million for the current quarter versus $3.8 million for the linked quarter) as well as the downgrade from special mention to substandard of two investment property mortgage loans to ...
2007-12-03 02:51:00 -
WaMu's Killinger, mortgage execs back government response to housing credit crisis (Seattle Times)
Washington Mutual chief executive Kerry Killinger said today that, with home prices falling, problems are starting to be seen in home loans...
2007-12-03 01:23:19 -
Countrywide CEO seeks government help (CNN Money)
Mozilo wants mortgage backers Fannie Mae and Freddie Mac to buy bigger home loans and kick-start market.
2007-12-03 11:11:10 -
Paulson says mortgage plan ready this week (Reuters via Yahoo! News)
U.S. Treasury Secretary Henry Paulson said on Monday he hoped a plan to spare homeowners facing mortgage-rate spikes would be ready by week's end and expressed faith the economy would dodge recession despite the deep housing slump.
2007-12-03 06:46:20 -
Industrial land in Karachi, the most expensive in region
Daily Times - SBP to develop mortgage financing KARACHI: State Bank of Pakistan (SBP) intends to ... of Sindh on December 8-9 to finalize its recommendations on up-front tariff rates ... Lahore Stock Exchange (LSE) remained bearish on Monday after dropping to its lowest ...
2007-12-03 04:38:00 -
House prices 'will plummet by 10pc over the next year', says banking ...
Daily Mail - Mortgage approvals fell to the lowest level since February 2005. Mr Miles said his prediction for 2008 was a "central best guess" based on ... It was impossible for house prices to continue to rise at the average rates we have seen." Property prices ...
2007-12-03 03:05:00 -
REFILE-TREASURIES-Bonds rise on credit worries before ISM data
Reuters - ... interest rates in coming months. The U.S. government debt market kicked off December on a high note following a blockbuster month, as the rush into low-risk assets stemming from subprime mortgage jitters has sent yields falling to their lowest ...
2007-12-03 06:44:00 -
European Bonds Gain as Moody's Report Spurs Safe-Haven Demand
Bloomberg - ... said it's preparing the biggest credit-rating cuts since U.S. subprime-mortgage ... The European Central Bank is forecast to refrain from cutting interest rates this ... The October reading was the lowest since August 2005. Rate Differential ...
2007-12-03 09:21:00 -
Market flat to off as financials retreat
CNBC - ... about the economy's health, offsetting optimism about a plan to stem mortgage ... Management said its index showed factory activity in November fell to its lowest ... biggest gainers as they rebounded on hopes of further cuts in interest rates. ...
2007-12-03 10:12:00
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