Mortgage and Financial News From 2007-10-4 Page 13

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  • Treasuries Rise After Initial Jobless Claims Exceed Forecast

    Bloomberg - ... Bloomberg) -- Treasuries rose, with benchmark 10- year note yields near the lowest ... the Fed would lower borrowing costs as a weak housing market and increasing mortgage ... If the Fed were meeting today, they wouldn't lower rates.'' The U.S ...
    2007-10-04 09:52:00

  • Rates on 30-Year Mortgages Fall

    San Francisco Gate - Two weeks ago, the nationwide average for 30-year mortgages dipped to 6.31 percent, the lowest level since May 17. That ... The mortgage rates do not include add-on fees known as points. Thirty-year mortgages, 15-year and five-year mortgages all carried ...
    2007-10-04 10:35:00

  • US 30-year mortgage rates lower in latest week-Freddie Mac

    Reuters - U.S. 30-year mortgage rates averaged 6.37 percent, compared to 6.42 percent the prior week. Fifteen-year mortgages averaged 6 ... The National Association of Realtors said on Tuesday that its index of pending homes sales fell in August to its lowest ...
    2007-10-04 09:17:00

  • ECB and Bank of England hold steady on rates

    International Herald Tribune - Given the uncertainty caused by turbulence stemming from the subprime mortgage crisis ... Economists had expected rates to stay on hold because of uncertainty about how ... In afternoon trading, the euro traded at $1.4073, its lowest point in a week ...
    2007-10-04 10:21:00

  • ECB, Bank of England hold rates steady (AP via Yahoo! News)

    The European Central Bank held its benchmark interest rate steady at 4 percent on Thursday, but its leader signaled that the bank was still worried about inflation and has not ruled out future rate increases.
    2007-10-04 06:53:37

  • Rates on 30-year mortgages fall (AP via Yahoo! News)

    Rates on 30-year mortgages fell this week after two consecutive increases, providing a break for potential home buyers and the beleaguered housing industry.
    2007-10-04 10:26:05

  • Mortgage rates dip slightly this week (KARE 11 Minneapolis-St. Paul)

    Rates on 30-year mortgages fell this week after two consecutive increases, providing a break for potential home buyers and the beleaguered housing industry. Freddie
    2007-10-04 10:49:45

  • U.S. mortgage rates drop as credit crunch begins to weigh (Market Watch)

    CHICAGO (MarketWatch) -- Long-term mortgage rates eased this week, following consecutive weeks of increases, Freddie Mac's chief economist said on Thursday.
    2007-10-04 08:10:16

  • Lone Star's Tender Offer for Accredited on Track for October 5 Finish ...

    Forbes - Accredited is in the business of originating, financing, securitizing, servicing, and selling non-prime mortgage loans secured by residential real estate. Founded in 1990, the company is headquartered in San Diego. Additional information may be found ...
    2007-10-04 05:13:00

  • UAE mortgage lending growth rises 97pc in Q2

    Khaleej Times - DUBAI — Mortgage lending in the United Arab Emirates increased an annual 97 per cent in the second quarter as foreigners bought property in the Gulf state. Outstanding loans to buy homes rose to Dh45.7 billion ($12.5 billion) at the end of June ...
    2007-10-04 03:47:00

  • Schumer `Won't Take No' as He Wields Political, Policy Clout

    Bloomberg - Legislation introduced by Schumer in May would also make lenders legally liable when brokers and appraisers steer consumers into mortgage loans they can't afford. Schumer plans to introduce legislation to raise taxes on executives at ...
    2007-10-04 08:34:00

  • HSBC Mexico Sells Mortgage-Backed Bonds After Drought (Update1)

    Bloomberg - Oct. 3 (Bloomberg) -- HSBC Mexico SA likely became the first non-government issuer to sell bonds backed by mortgage loans in Mexico after a two-month drought brought on by the collapse of the U.S. subprime mortgage market. The Mexican unit of HSBC ...
    2007-10-03 01:43:00

  • Financial services companies launch mortgage pilot program in ...

    CNBC - ... Farm will provide 100 mln usd for loan origination, and the program estimates that as much as 200 mln usd in new mortgages could be created if the loans are bought by Citi and Fannie Mae, which can buy and hold mortgages as investments. The Mortgage ...
    2007-10-04 08:05:00

  • Mortgage rates ease slightly

    CNN Money - In its latest mortgage market survey, Freddie Mac said rates on 15-year fixed-rate loans averaged 6.03 percent, down from an average 6.09 percent last week and 5.98 percent a year ago. Five-year adjustable-rate mortgages (ARMs) averaged 6.11 percent ...
    2007-10-04 08:41:00

  • Chris Reichert Named President of Stifel Bank & Trust

    Forbes - Stifel's personal lending programs include mortgage loans and home equity lines of credit, as well as personal, automobile, and recreational vehicle loans. Commercial banking customers have access to small business and commercial real estate loans ...
    2007-10-04 08:05:00

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