Mortgage and Financial News From 2007-10-29 Page 19

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  • House prices to rise just 1 pct in 2008

    MSN UK News - LONDON (Reuters) - House price inflation will slow sharply next year to register growth of just one percent, as higher borrowing costs and the credit crunch bite, the Council of Mortgage Lenders said on Monday. The CML had said in an interview with ...
    2007-10-29 05:41:00

  • Mortgage lending slows, Bank says

    BBC News - Other recent surveys, from big mortgage lenders, surveyors and the Department of Communities and Local Government, have all been pointing in the same direction. The number of new mortgages approved by UK lenders in September was the smallest monthly ...
    2007-10-29 06:02:00

  • Repossessions to soar, say mortgage lenders

    Guardian Unlimited - The number of repossessed homes looks set to soar next year to levels not seen since the 1990s house price crash, it was claimed today. At the same time, house prices will edge ahead by just 1% in 2008 and property sales will fall by 15%, according ...
    2007-10-29 08:25:00

  • Repossessions to soar, say lenders (Guardian Unlimited)

    Business & money: Number of repossessed homes to reach highest level since 1990s, says Council of Mortgage Lenders.
    2007-10-29 08:30:10

  • Banks Warily Eye Mortgage Market Share (Banker & Tradesman)

    By Amy Wyeth In a newly conservative mortgage lending field, lenders who have always been that way are doing just fine. Merger of Local Stock Banks Seen as Benefiting Community By Amy Wyeth Two of Massachusetts’ stock banks intend to merge, lessening the state’s already tiny number of publicly owned institutions by one and removing a CEO and several board members from the picture.
    2007-10-29 08:13:55

  • Repossessions to soar, say mortgage lenders (Guardian Unlimited)

    The number of repossessed homes looks set to soar next year to levels not seen since the 1990s house price crash.
    2007-10-29 08:53:25

  • Mortgage approvals at two-year low as market cools (Reuters.co.uk)

    LONDON (Reuters) - Tougher loan conditions are beginning to impact the housing market, reports show, with mortgage approvals at their lowest level for two years, and lenders saying prices will be almost flat in 2008.
    2007-10-29 05:57:24

  • Home Buyers Can Learn From Others' Mortgage Mistakes (HispanicBusiness.com)

    What a real estate boom it was. How little guidance people received when taking out a mortgage. That's how I see it and I'm glad Congress is working on ways to make lenders and brokers and investors accountable for making loans that were never, ever going to be repaid.
    2007-10-29 07:57:03

  • Credit union lenders rescue borrowers from ARMs (BizJournals)

    'Rescue me" is a plea credit union mortgage lenders are hearing this year.
    2007-10-28 10:58:13

  • Mortgage approvals at two-year low (Reuters via Yahoo! UK & Ireland News)

    Tougher loan conditions are beginning to impact the housing market, reports showed on Monday, with mortgage approvals at their lowest level for two years, and lenders saying prices will be almost flat in 2008.
    2007-10-29 05:48:00

  • Bronx politician issues hit list of subprime lenders (New York Daily News)

    State Sen. Jeffrey Klein released a list of the 10 subprime mortgage lenders with the highest number of foreclosures in the city and Westchester Sunday.
    2007-10-29 01:55:51

  • FTSE joins rally on U.S. rate cut hopes

    Reuters UK - LONDON (Reuters) - The FTSE 100 (.FTSE: Quote , Profile , Research ) leading share index rose 0.6 percent on Monday, with European shares rallying after Asian stocks hit fresh highs as investors bet this week would bring a U.S. interest rate cut. By ...
    2007-10-29 02:56:00

  • European Bonds Decline on Outlook for Quickening Inflation

    Bloomberg - Oct. 29 (Bloomberg) -- European government bonds fell on speculation German inflation near the fastest in six years will reinforce the case for interest-rate increases. German 10-year bunds also dropped as crude oil climbed above $93 a barrel for the ...
    2007-10-29 07:28:00

  • Dollar falls versus yen amid speculation US will cut interest rate

    International Herald Tribune - TOKYO : The dollar fell against the yen Monday in Asia amid speculation the U.S. Federal Reserve will likely cut its key interest rate this week. The dollar was trading at 114.18 yen midafternoon, down from 114.22 yen late Friday in New York. The ...
    2007-10-29 12:40:00

  • Wall Street bets on a U.S. rate cut

    International Herald Tribune - WASHINGTON : Ben Bernanke, the U.S. Federal Reserve chairman, and his colleagues sound as if they would prefer to just say "no" to an interest-rate cut this week. The financial markets may not let them. Policy makers from Bernanke on down have ...
    2007-10-29 02:20:00

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