Mortgage and Financial News From 2007-8-24 Page 7

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  • lower yields, Fed cut help mortgage rates

    Earthtimes - MCLEAN, Va., Aug. 23 Lower treasury yields and the Federal Reserve rate cut helped ease mortgage rates this week, the Freddie Mac mortgage report said Thursday. The 30-year fixed-rate mortgage averaged 6.52 percent with an average 0.4 point this week ...
    2007-08-23 03:48:00
  • Markets mixed after Asian slide

    BBC News - The recent market turbulence has centred on the US sub-prime mortgage sector, while gives loans to people with poor credit history. Sub-prime default levels have risen to record highs over the past year in the face of higher US mortgage rates ...
    2007-08-24 12:55:00
  • US stocks fall ahead of home data

    BBC Business - The recent market turbulence has centred on the US sub-prime mortgage sector, while gives loans to people with poor credit history. Sub-prime default levels have risen to record highs over the past year in the face of higher US mortgage rates ...
    2007-08-24 01:59:00
  • Trader Talk Video Gallery

    CNBC - One factor often present is high interest rates, which are not present here. Indeed, mortgage rates went down this week, to 6.5% for a 30-year fixed rate mortgage. Even the argument that housing has always led the economy into a recession, as ...
    2007-08-24 03:03:00
  • MFA Mortgage Investments, Inc. Announces Third Quarter 2007

    MSN MoneyCentral - These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans ...
    2007-08-24 12:40:00
  • Rates on the rise for subprime mortgage borrowers

    Reuters UK - LONDON (Reuters) - UK subprime mortgage borrowers are facing a sharp rise in rates as credit market turbulence adds to pressure on funding costs, lenders and brokers said on Friday, reviving fears of increased arrears and repossessions. Many lenders ...
    2007-08-24 01:45:00
  • Rates on the rise for subprime mortgage borrowers (Reuters via Yahoo! UK & Ireland News)

    UK subprime mortgage borrowers are facing a sharp rise in rates as credit market turbulence adds to pressure on funding costs, lenders and brokers said on Friday, reviving fears of increased arrears and repossessions.
    2007-08-24 01:37:00
  • Early retirees put squeeze on super

    Nine MSN - If losses occur, they are distributed in reverse order with the equity tranches the first to be hit. It is in the equity tranche that debt such as sub-prime mortgages lurks. "The trouble with these products is that almost no one knows exactly what they ...
    2007-08-24 02:18:00
  • Stock futures fall ahead of housing data

    Buffalo News - ... cut the benchmark fed funds rate to ease the impact of a tightening of the credit market due to troubles in subprime mortgages ... Former state employee wins $150,000 in reverse discrimination case After Bush's Iraq speech, area veterans dispute Vietnam ...
    2007-08-24 10:53:00
  • Foreclosures Force Britons to Ponder Shift to Fixed Rates

    New York Times - Whether they can is an open question, especially given Britons’ attachment to home ownership, adjustable-rate mortgages and ... Recent interest rate increases have yet to reverse the trend. In fact, the National Housing Federation recently predicted ...
    2007-08-24 01:30:00
  • Around the Region

    Modesto Bee - Organizers said trained representatives will identify common lending scams, clarify important facts about cash-advance companies, caution about home equity loans, explain loan alternatives and provide information on reverse mortgages. After the ...
    2007-08-24 10:53:00
  • Aug 24, 6:58 AM EDT

    US News and World Report - Many on Wall Street hope the Fed will cut the benchmark fed funds rate to ease the impact of a tightening of the credit market due to troubles in subprime mortgages. Wall Street snapped a five-day advance on Thursday as investors had lingering worries ...
    2007-08-24 11:50:00
  • Stocks flat ahead of home sales data

    Seattle Post Intelligencer - Many on Wall Street hope the Fed will cut the benchmark fed funds rate to ease the impact of a tightening of the credit market due to troubles in subprime mortgages. Wall Street snapped a five-day advance on Thursday as investors had lingering worries ...
    2007-08-24 01:45:00
  • Moody's Examines Homebuilders (Forbes)

    Rating service places builders on review, in a move that could make it more difficult for them to get financing.
    2007-08-23 10:08:29
  • Early retirees put squeeze on super (The West Australian)

    The average Australian has learned a lot about the world of finance in the past few weeks. Previously unheard of concepts, like sub-prime mortgages and collateralised debt obligations have entered the consciousness and the vernacular.
    2007-08-24 02:33:20