Mortgage and Financial News From 2007-8-20 Page 22
Previous Day: 2007-08-19
Return to the mortgage news archive home.
-
Get Low Payments with Interest Only and Adjustable Rate Mortgages (Benton Evening News)
(ARA) - There are so many types of mortgages programs available to home buyers that it can get difficult to keep them all separate. One of the latest types of programs that many people are taking advantage of is the Interest Only Mortgage option.
2007-08-19 01:37:46 -
Banks Dealing With Fed Play Catch-Up to Futures on Rate Outlook (Bloomberg.com)
Aug. 20 (Bloomberg) -- Economists at Wall Street's biggest bond trading firms are rushing to change their interest-rate forecasts after the futures market more accurately predicted the Federal Reserve's surprise rate cut.
2007-08-19 06:29:50 -
Japan's Bonds May Fall on View Fed's Rate Cut to Boost Stocks (Bloomberg.com)
Aug. 20 (Bloomberg) -- Japanese bonds may fall, lifting 10- year yields from near the lowest since March, on speculation global stocks will rebound after the Federal Reserve cut the interest rate it charges banks to help ease a credit crunch.
2007-08-20 12:05:07 -
Japan's Bonds Decline as Fed's Rate Cut Boosts Global Stocks (Bloomberg.com)
Aug. 20 (Bloomberg) -- Japanese bonds fell, lifting 10-year yields from near the lowest since March, on speculation global stocks will rebound after the Federal Reserve cut the interest rate it charges banks to help ease a credit crunch.
2007-08-20 12:34:57 -
Fed's Move to Cut Key Interest Rate Helps Take Some Pressure Off Stocks (Washington Post)
NEW YORK, Aug. 17 -- The Federal Reserve's surprise decision Friday to cut a key discount rate sent stocks higher as investors' worries about the credit crunch eased.
2007-08-19 06:42:48 -
Dodd On Interest Rate Cut: "Yes I Think It Will Happen In September." On Markets: "We Need More Liquidity." (Nasdaq)
(RTTNews) - Dodd on Interest Rate Cut: "Yes I think it will happen in September." On markets: "We need more liquidity.".
2007-08-19 03:32:33 -
The Week Ahead: BHP expected to unearth record earnings
The Independent - Although these are tricky times for the housing market, analysts believe there is no need to link US mortgage problems with a downturn in prospects for established UK companies such asPersimmon. Barclays Capital analyst Roddy Wallace expects their ...
2007-08-19 11:38:00 -
NovaStar, Subprime Lender, Fires 500, Closes Centers (Update2)
Bloomberg - NovaStar aims to outlast a shakeout that has forced at least 90 mortgage companies to halt operations, file for bankruptcy or put themselves up for sale. The lender, which already reduced staff in March, said last week it stopped making loans through ...
2007-08-17 12:53:00 -
Big U.S. banks could benefit from Countrywide woes
Reuters - Companies likely to be shaken out are monoline mortgage companies that rely on capital markets for funding." The No. 7 lender is ResCap, part of privately-controlled GMAC LLC, which lacks the deep funding sources of a big bank. Moody's Investors ...
2007-08-17 08:55:00 -
Companies to pay more for short-term debt
MSN MoneyCentral - Hundreds of US companies are facing sharply higher costs on the short-term debt used to fund their day-to-day operations, in ... Last week's decision by Countrywide, the largest mortgage lender in the US, to use an $11.5bn emergency credit line to shore ...
2007-08-19 09:36:00 -
Subprime mortgage mess: Hard times for homeowners
Times Herald-Record - Stock markets worldwide have tumbled, dozens of mortgage companies have gone under, and Wall Street investors wonder how far the effects will spill over into the wider economy as credit tightens and even some of the nation's biggest mortgage ...
2007-08-19 05:51:00 -
State To Review Loan Practices
KOAT 7 - Starting Monday, state officials will conduct unscheduled inspections of a random sample of the 1,600 mortgage companies and brokers. The effort to make sure brokers and lenders are complying with state laws will last 90 days. Bob Hagan is a ...
2007-08-19 06:08:00 -
Mortgage Finance-more What You Need To Know
Best Syndication - You may find various mortgage companies advertising via mailers, ads in newspapers, magazines and billboards. Pay attention and try contacting these companies. Additionally, to help reach your conclusion there are many websites on the Internet where ...
2007-08-19 08:32:00 -
Mortgage meltdown blame game (Portsmouth Herald)
Editor's note: The writer is president of Direct Mortgage in Portsmouth.
2007-08-19 10:06:06 -
Pick companies with lots of cash, no debt and rising profits (San Francisco Chronicle)
The subprime home mortgage fiasco has triggered doubts about the viability of credit markets in general, making lenders of all stripes reluctant to commit to new deals. Fears of a credit meltdown are largely responsible for the current stock market sell-off....
2007-08-19 07:19:53