Mortgage and Financial News From 2008-1-4 Page 13

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  • Most area residents avoided mortgage crisis

    Business First - The mortgage-lending crisis and rising home-foreclosure rates that have devastated many parts of the United States have not had as drastic an impact on Louisville. And that's the good news, according to local business leaders who participated in a ...
    2008-01-04 09:48:00
  • State Street, BlackRock Among Managers of CDOs in Default

    Bloomberg - ... mortgage bonds represented the largest source of about $100 billion of debt- related losses at the world's largest financial firms last year as record subprime loan delinquencies and foreclosure rates led to unprecedented downgrades among mortgage ...
    2008-01-04 10:02:00
  • State Street, BlackRock Manage Some CDOs in Default (Update2)

    Bloomberg - ... related losses at the world's largest financial firms last year as record subprime loan delinquencies, surging defaults on other home loans and the highest foreclosure rates on record led to unprecedented downgrades and price drops among mortgage ...
    2008-01-04 01:23:00
  • Mortgage applications slip amid higher interest rates, struggling ...

    CNBC - NEW YORK - A nearly 12 percent drop in an index measuring applications for home loans last week seems to bode poorly for a recovery in the housing market. The Mortgage Bankers Association on Thursday reported its index of mortgage applications sank ...
    2008-01-04 11:21:00
  • Bank of Canada sees credit squeeze easing

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... As losses stemming from the U.S. subprime mortgage debacle last summer mounted into ... This has driven ever higher the spread between the interest rates they charge each ...
    2008-01-04 02:34:00
  • Home-loan shock sets in

    News.com.au - NAB, the nation's second-largest home lender, broke new ground this week after it raised variable mortgage rates by 0.12 per cent. NAB was the first major bank since Westpac in the early 1990s to raise variable rate mortgages outside of the official ...
    2008-01-04 02:49:00
  • Recession fears whack stocks

    Los Angeles Times - You are here: LAT Home > Business News ... Stocks plunged in August as the housing and mortgage markets' woes deepened, then rebounded sharply in September after the Federal Reserve began cutting interest rates.
    2008-01-04 05:19:00
  • It’s the year of living dangerously, but how bad will it get? - Times Online

    It’s the year of living dangerously, but how bad will it get?Times Online, UK - 5 hours agoIt is equally possible that the yet steeper falls in US house prices expected by some experts, and a rising tide of mortgage defaults by overstretched ...
    2008-01-04 01:42:19
  • Your survival plan if a recession strikes - Times Online

    Your survival plan if a recession strikesTimes Online, UK - 5 hours ago... of the European exchange-rate mechanism. This time, home-loan costs are unlikely to rise. This is no reason for complacency if you have a big mortgage. ...
    2008-01-04 01:42:19
  • Only A Handful Of Economic Reports Will Be Released Next Week - RTT News

    Only A Handful Of Economic Reports Will Be Released Next WeekRTT News, NY - 5 hours agoThe first of these, held on December 17th, had a 3.08 bid-to-cover ratio and a stop-out rate of 4.65 percent. The second, held a few days later, ...
    2008-01-04 01:44:29
  • home loans fall to three-year low - Times Online

    home loans fall to three-year lowTimes Online, UK - 5 hours agoMortgage approvals fell for the fifth consecutive month in November to a three-year low as demand from new buyers continued to decline. The number of home ...
    2008-01-04 01:45:45
  • Adjustable Rate Resets - How to Safeguard Against Rising Mortgage ... - Best Syndication

    Adjustable Rate Resets - How to Safeguard Against Rising Mortgage ...Best Syndication, CA - 5 hours agoWith more than 20% of all home owners now choosing an ARM loan - or adjusted rate mortgage - you can be sure that when you consider these types of loans, ...
    2008-01-04 01:47:36
  • NAB rates hike 'will hurt house prices' - ABC Online

    NAB rates hike 'will hurt house prices'ABC Online, Australia - 4 hours agoThe move came after the Commonwealth Bank lifted its fixed rates for home mortgages earlier this week, independent of any move by the Reserve Bank. ...
    2008-01-04 02:20:20
  • Banks turn up interest rate pain - The Canberra Times

    Banks turn up interest rate painThe Canberra Times, Australia - 4 hours ago"Part of the reason why the banks have kept mortgage rates as low as they have in recent years has been the rise of Aussie Home Loans, RAMS and the rest," ...
    2008-01-04 02:33:31
  • Wall Street tumbles on jobless rise - The Australian

    Wall Street tumbles on jobless riseThe Australian, Australia - 3 hours agoSome analysts said the surprisingly weak employment report could lead the Federal Reserve to lower interest rates again as early as its January 29-30 ...
    2008-01-04 02:58:15