Mortgage and Financial News From 2007-10-29 Page 6

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  • Mortgage approvals drop 20 per cent in latest sign of slowdown

    The Independent - ... approvals for home purchase fell from 108,000 in August to 102,000 in September, the lowest ... would be worse than previously expected because of the tighter lending criteria many mortgage lenders are now imposing, with the hikes in interest rates ...
    2007-10-29 06:12:00

  • Sept mortgage approvals at two-year low (Reuters.co.uk)

    LONDON (Reuters) - The number of mortgage approvals fell to a two-year low in September but unsecured lending rose by its biggest amount since the start of last year, official data showed on Monday.
    2007-10-29 03:05:12

  • UK housing market cools (Stuff)

    Tougher loan conditions are beginning to impact Britain's 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 06:18:21

  • Footsie finishes above 6,700 amid US rates optimism (The Scotsman: Business)

    SHARES in the London market held firm above the 6,700 mark yesterday as hopes of a cut in US interest rates offset falls in the housebuilding sector.
    2007-10-29 06:37:59

  • Mortgage approvals slip, lending strengthens (ShareCast)

    LONDON (SHARECAST) - UK mortgage approvals dropped to their lowest in two years during September, although lending came in well ahead of expectations, according to official figures released today.
    2007-10-29 04:36:19

  • New FHA Mortgage Limits

    WebWire - Having been a HUD/FHA approved lender since 1998, Primary Residential Mortgage, Inc. is using their extensive experience to help borrowers utilize FHA loans. As recently as 2003, Primary Residential Mortgage closed 5721 FHA loans, and the company has ...
    2007-10-29 08:54:00

  • Buy-to-let for those who can't pay debts

    BBC News - The lenders say that in fact they make very few loans on this basis, with most applicants having to go through a mortgage broker rather than being able to apply to a lender directly. "The sub-prime buy-to-let market makes up a very small proportion ...
    2007-10-29 05:44:00

  • Countrywide Rebounds Despite Big Losses

    MSNBC - But given the nervous speculation in recent weeks about whether Countrywide would remain solvent, the news that it has secured ample capital and liquidity to continue originating and selling mortgage loans and to meet its debt obligations through ...
    2007-10-29 07:50:00

  • Unitrin, Inc. Reports Third Quarter Earnings

    Forbes - Given the sub-prime nature of our automobile loans, Unitrin does not invest, in any significant manner, in securities that are directly or indirectly related to sub-prime mortgage loans." During the third quarter of 2007, Unitrin reached an ...
    2007-10-29 02:23:00

  • Berkshire Hills Reports $0.49 Third Quarter Core EPS Total Assets

    MSN MoneyCentral - ... are based on average balance sheet amounts, where applicable. (3)September 30, 2007 annualized year-to-date growth is calculated on organic growth only, which excludes the FAPB acquired balances and $50 million in residential mortgage loans ...
    2007-10-29 03:06:00

  • Fitch Takes Various Rating Actions on 4 ARC RMBS Securitizations

    Forbes - The mortgage pools consist of conventional, fixed rate, fully amortizing and balloon, first and second lien residential mortgage loans. The mortgage loans were acquired by Lehman Brothers Holdings Inc. from various banks and other mortgage lending ...
    2007-10-29 10:56:00

  • Heritage Bankshares, Inc. Announces Third Quarter and Nine Months 2007 ...

    MSN MoneyCentral - Heritage Bank provides a full range of banking services including business, personal and mortgage loans. Forward Looking Statements The press release contains statements that constitute "forward-looking statements" within the meaning of ...
    2007-10-29 05:44:00

  • U.S. Fed braces for weaker growth ahead

    San Diego Union-Tribune - Fed officials expect the economy to slow because of the credit crisis that hit over the summer after worries about sour mortgage loans spread, though strong exports and steady hiring and spending have buoyed the world's largest economy so far. ...
    2007-10-29 02:38:00

  • A Smart, Solid Banking Play

    BusinessWeek - City National does not make subprime mortgage loans and does not hold subprime-oriented mortgage-backed or collateralized debt obligations in its securities portfolio. We think City National has an excellent credit risk profile, which we estimate ...
    2007-10-29 03:42:00

  • Mortgage Bankers Ex-Chair Sees Fewer Foreclosures (Update2)

    Bloomberg - ... underwriting standards to let people in, so it seems patently unfair that you can't refinance out of the problem,'' he said. ``I am a proponent of using any method possible'' to work out and modify loans to avoid foreclosure. Mortgage ...
    2007-10-29 05:37:00

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