Mortgage and Financial News From 2008-1-4 Page 14

RSS Feed

Previous Day: 2008-01-03

Return to the mortgage news archive home.

  • Central bankers set to focus on shaky growth than prices at BI - Gulf Times

    Central bankers set to focus on shaky growth than prices at BIGulf Times, Qatar - 2 hours agoHowever, these had succeeded in averting a spike in market interest rates around the end of the year. Callow said the last four months had pressed home the ...
    2008-01-04 04:11:02
  • Area's foreclosure rate jumps 90‰ - MLive.com

    Area's foreclosure rate jumps 90‰MLive.com, MI - 1 hour agoThe rise in foreclosures is blamed largely on this year's swell in adjustable rate mortgage resets. Such mortgages work by offering a low introductory rate ...
    2008-01-04 05:44:20
  • Ellen James Martin: If you want to buy, do it right now — after doing homework (San Antonio Express-News and KENS 5)

    Do you daydream about finally buying a first home of your own or selling the cramped property where you now live in favor of a place with more elbowroom?
    2008-01-04 03:47:53
  • U.S. Economy: Job Growth Weakest Since '03 (CBS4 Miami)

    Hiring stalled in December, driving the nation's unemployment rate up to 5 percent and fanning fears of a recession.  The bright spots for South Florida:  commercial construction was continuing, tourism has brought  visitors from all over the world, and end of the year foreign trade kept the Port of Miami profitable.     
    2008-01-04 04:21:49
  • Jeremy Warner's Outlook: Too late, Darling acts over Rock debacle (Independent)

    Politicians are only fighting the last war when they seek to address supposed regulatory failure with a whole new panoply of rules and procedures. Thus it is with Alistair Darling's well-meaning set of initiatives to prevent a repeat of the Northern Rock fiasco, bizarrely announced through a newspaper rather than to Parliament as promised.
    2008-01-04 04:40:53
  • Sallie Mae Shares Tumble On Disclosure

    CBS News - Meanwhile, defaults are rising on student loans, and credit-market tremors similar to those linked to the mortgage crisis have recently started to surface in the $85 billion student-loan market. The travails have pummeled Sallie Mae shares. They sank ...
    2008-01-04 02:13:00
  • The Difference Between A Fixed Rate Mortgage And A Variable Rate ...

    Best Syndication - Generally, there are two major types of loans. These are the fixed rate mortgage and the variable rate mortgage. Both types have their own advantages and disadvantages which anyone should consider carefully. A fixed rate mortgage makes the monthly ...
    2008-01-04 02:56:00
  • Homebuilders, mortgage lenders crushed as threat of recession looms

    CNBC - Foreclosure rates are already soaring, and mortgage lenders are having trouble raising money to finance new loans as demand and housing prices continue to fall across most of the country. Countrywide slid 56 cents, or 6.4 percent, to $8.21 in midday ...
    2008-01-04 10:02:00
  • Second Mortgages Explained In Simple Terms

    Best Syndication - With the many loan choices around at the moment, you in all probability want to know how second mortgage loans stack up. This report presents many great ideas and constructive hints as it relates to why using a second mortgage is the latest method to ...
    2008-01-04 01:58:00
  • Fitch Takes Various Rating Actions on 10 Wells Fargo Transactions

    Forbes - All of the mortgage loans were generally originated in conformity with underwriting standards of Wells Fargo Home Mortgage, Inc. (WFHM). Wells Fargo Bank, N.A., rated 'RMS1' by Fitch, is the master servicer for all of the above transactions. ...
    2008-01-04 09:41:00
  • New mortgage approvals at three-year low

    Guardian Unlimited - Property experts were last night predicting a 5% fall in house prices after the Bank of England reported the fifth successive month of falling demand for new home loans. The Bank said that mortgage approvals in November dropped from 88,000 to 83,000 ...
    2008-01-04 03:17:00
  • Fitch Rates $303.32MM Bayview Commercial Asset Trust 2008-1

    Forbes - Additional credit enhancement will be provided by growing OC resulting from the use of accelerated principal payment amounts, which are derived from interest on the mortgage loans. The target OC is 8.90%. The ratings on the certificates and notes ...
    2008-01-04 03:24:00
  • Mortgage Applications Slipping

    Forbes - 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 11.6 percent ...
    2008-01-04 11:21:00
  • Wall Street banks lose bid to wrest servicing rights from American ...

    CNBC - As the (banks) did not pay a higher price in purchasing the mortgage loans under the contract in the first instance..., the court is not particularly troubled by their receipt of a lower price," Sontchi wrote. "Indeed, if the court were to allow ...
    2008-01-04 02:27:00
  • House prices in Scotland outperform UK market for 17th time - Scotsman

    House prices in Scotland outperform UK market for 17th timeScotsman, United Kingdom - 2 hours agoJust 83000 new home-loans were approved for people buying a property during the month, the lowest figure since January 2005, said the bank. ...
    2008-01-04 04:10:23