Mortgage and Financial News From 2007-10-4 Page 8

RSS Feed

Previous Day: 2007-10-03

Return to the mortgage news archive home.

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40

  • Bear Stearns exec sees need for 100 bp rate cut

    Reuters - Federal Reserve needs to cut interest rates by another 100 basis points to help ease the mortgage sector's current crisis. Tom Marano also said he expected that further Fed rate cuts would come over the next three quarters and were likely to total ...
    2007-10-04 08:41:00

  • New York Mortgage Trust, Inc. Announces One for Five Reverse Stock ...

    Forbes - NEW YORK, Oct. 4 /PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc. (OTC BB ... looking statements, including, without limitation, that a rise in interest rates ... The information set forth in this news release represents management's current ...
    2007-10-04 01:06:00

  • ECB, Bank of England hold rates steady (Lexington Herald-Leader)

    The European Central Bank held its benchmark interest rate steady at 4 percent on Thursday amid a strong euro, but tread a cautious path about its next rate move, given inflation risks and a turbulent world economy. The Bank of England also stood firm on its key rate, keeping it at 5.75 percent as analysts said the banks wanted more time to assess how deep an impact the U.S. subprime mortgage ...
    2007-10-04 07:26:46

  • Two bills target mortgage woes (The Sacramento Bee)

    With mortgage foreclosures soaring, Gov. Arnold Schwarzenegger announced Wednesday that he will sign two bills to increase homeowner protections -- but neither will solve the current crisis.
    2007-10-04 12:17:12

  • CORRECT: U.S. Mortgage Rates Edge Lower: Freddie Mac -2- (Nasdaq)

    U.S. mortgage rates edged lower in the week ending Thursday, with the national average on the benchmark 30-year, fixed-rate loan hitting 6.37% vs. 6.42% a week earlier, Freddie Mac said in its weekly survey.
    2007-10-04 08:46:40

  • Broker pleads guilty in equity-skimming case

    Minneapolis Star Tribune - ... he was genuinely guilty. "I understand," Fiorito said. The indictment charged Fiorito and Jerde with conspiracy to commit mail fraud and four counts of mail fraud from January 2004 to March 2007. Fiorito admitted to helping a woman refinance a home in ...
    2007-10-01 05:56:00

  • American Red Cross and HUD Agree to Speed Housing Information and ...

    Forbes - Making insurance available for both mortgages and home rehabilitation (http://www.hud.gov/offices/hsg/sfh/203k/203k--df.cfm) - HUD's Section 203(k) loan program enables those who have lost their homes to finance the purchase or refinance of a house ...
    2007-10-04 12:58:00

  • Relief measures for homeowners facing foreclosures or bankruptcy ...

    MSN MoneyCentral - ... pre-payment penalties have made it difficult for some to get out of their mortgages, and some overstretched homeowners can't afford to refinance or sell their homes. %@AP Links GRAPHICSBANK 981419 (08/31/07)>> 2000x1500 LENDER FORECLOSURE - HOME AUCTION ...
    2007-10-04 02:39:00

  • House passes tax-relief bill for refinancing borrowers (The Hill)

    In an attempt to help homeowners stuck with unaffordable loans, the House on Thursday overwhelmingly approved legislation to ensure that borrowers who refinance their mortgages do not get taxed on the loss of value in their home.
    2007-10-04 03:38:59

  • Job fears hit City of London morale

    Financial Times - ... of the debt markets, the crisis surrounding Northern Rock and a string of bad ... that more than 6,000 jobs will be lost in the City as a direct result of the credit ... Morgan Stanley also said it was firing about 600 employees in its residential-mortgage ...
    2007-10-04 03:22:00

  • Bear Isn't Out of the Woods

    Street.Com - That prospect is bad for everyone, but for Bear it's a bigger problem because the mortgage business became such a significant revenue driver. ... A storm of tightening credit and escalating mortgage defaults has resulted in huge losses at some of ...
    2007-10-04 01:06:00

  • Transcript: Alistair Darling interview

    Financial Times - ... the British economy in the context of what’s been happening in the credit squeeze ... to 3% forecast for 2008 to something more like the consensus, which isn’t bad ... One is you had to wait for months before you got a mortgage, but the interest rates ...
    2007-10-04 03:00:00

  • U.S. Firms Circle Northern Rock

    Wall Street Journal - ... Kingdom's first bank run in more than a century after depositors feared the nation's fifth-largest mortgage ... of financial companies, initially attracted to banks and others that fell into trouble through bad loans. It purchased Nippon Credit Bank ...
    2007-10-04 12:37:00

  • U.S. stock futures edge lower as investors await fresh report on the ...

    CNBC - The Mortgage Bankers Association on Wednesday said mortgage application volume fell 2.7 percent in the week ended Sept. 28. The ... However, shares of banks have been resilient this week, as investors appear relieved to get bad news of the turbulent ...
    2007-10-03 04:53:00

  • Federal Prosecutors Launch Probe of Bear Stearns Funds

    Wall Street Journal - ... prosecutors have launched a criminal investigation into two Bear Stearns Cos. mortgage ... The specter of a criminal investigation is clearly bad news for the embattled ... Bear's two funds, the High-Grade Structured Credit Strategies fund and a riskier ...
    2007-10-04 03:22:00

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40