Mortgage and Financial News From 2007-10-29 Page 4

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  • Scoring credit

    Baltimore Sun - Credit scores have increasingly become a screening device to determine not only the interest rate on a home mortgage or a car loan but also whether a poor person can rent an apartment or get a job. It's a problem that calls for more flexibility on ...
    2007-10-29 12:12:00

  • As spending ebbs, Fed set to act

    Christian Science Monitor - ... that message is likely to be punctuated by a second consecutive drop in interest ... Because of losses in the mortgage market, banks have tightened their lending ... Rosenberg estimates that consumer spending in this quarter will grow by only 2 ...
    2007-10-29 04:25:00

  • UBS' Mortgage Oops

    Forbes - UBS also got caught in the worldwide mortgage meltdown. With Merrill Lynch 's losses ... The news only deterred investors slightly, with shares in UBS falling 58 cents ... and expectations of interest rate cuts. (See "Bad News Is Good News" ) There is ...
    2007-10-29 02:59:00

  • Magic in finance, part 1: the magic of a tricky mortgage

    Daily Breeze - The monthly cost of the mortgage, interest-only for some period of time, is automatically deducted from the account. The paycheck deposits bring an immediate advantage. The amount of your mortgage is reduced by each deposit. Since your mortgage ...
    2007-10-29 05:22:00

  • More Australians defaulting on mortgages: report (Australian Broadcasting Corporation)

    With the next critical meeting of the Reserve Bank only a week away, there is fresh evidence of growing mortgage stress across Australia.
    2007-10-29 03:28:24

  • Magic in finance, part 1: the magic of a tricky mortgage (Daily Breeze)

    A new kind of mortgage can, as if by magic, make a 30-year mortgage disappear in half the time. That’s what readers are telling me, just before asking if it is “too good to be true.”
    2007-10-29 05:06:52

  • House prices will only rise by 1 per cent in 2008 says CML (Money Marketing Online)

    House prices will only rise by 1 per cent in 2008 compared to 7 per cent in 2007, the Council of Mortgage Lenders.
    2007-10-29 04:03:30

  • UBS' Mortgage Oops (Forbes)

    The Swiss bank expects further writedowns from mortgage-backed securities.
    2007-10-29 02:17:30

  • Property price crisis? Excuse my yawn

    Times Online - Such is our property obsession that a Briton's home can now be his or her pension, passion or pet cause. The classical ... Not how to produce new wealth in the real economy, but how to massage house prices and mortgage rates. And what is the big issue ...
    2007-10-29 06:41:00

  • Kier dismisses downturn fears

    Daily Telegraph - Kier Group, the British construction, home-building and support services company ... the year, despite growing concerns among homebuyers and uncertainty in the mortgage ... broke on Northern Rock, however our housing businesses are still achieving rates ...
    2007-10-29 07:17:00

  • Credit market will cheer a Fed cut

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... losses — particularly for financials — on assets linked to subprime mortgage debt ... yet to realize that the Fed cannot “save the day” by continuing to cut rates ...
    2007-10-29 08:54:00

  • Stocks Rise On Fed Optimism

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... The Fed is due to discuss rates Wednesday, and speculation has centered on a 25 or ... The mortgage lender posted a $1.2 billion loss for the third quarter, but its shares ...
    2007-10-29 07:42:00

  • PREVIEW: What the Fed is considering at its meeting

    Los Angeles Times - ... YORK -- Wall Street expects the Federal Reserve to cut short-term interest rates ... say structured investment vehicles, or SIVs, contaminated by subprime mortgage debt ... What the Fed is considering at its meeting - Lenders banking on home refinancing ...
    2007-10-29 09:01:00

  • S&T Bank's Newest Member Joins Home Center Team

    Forbes - Whether it's your first mortgage or your fourth or fifth, we have many options, great rates and quick approvals," said Albert Lubawy, mortgage originator, S&T Bank. "S&T Bank has truly made home buying easy and I am excited to be a new member of the ...
    2007-10-29 07:07:00

  • Home repossessions forecast to hit 1990s level

    Daily Telegraph - Home repossessions forecast to hit 1990s level By Emma Thelwell ... since the mid-1990s are set to lose their homes next year, the Council of Mortgage ... may face further declines as consumer confidence ebbs and higher interest rates ...
    2007-10-29 05:44:00

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