Mortgage and Financial News From 2007-12-16 Page 5
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CBI downgrades UK economic growth
BBC Business - The credit squeeze over the summer was prompted by a US housing slowdown that triggered a surge in mortgage defaults, notably related to sub-prime loans - those made to borrowers with no or little credit histories. The group said borrowing ...
2007-12-16 05:06:00 -
EU executive proposes to streamline home loan mart
Gulf Times - The Commission will also threaten legal action against EU states with rules that hinder the circulation of credit data and whether the prohibition of including non-domestic EU mortgage loans in cover pools for covered bonds is compatible with the ...
2007-12-16 04:51:00 -
Mortgage institutions urged to introduce rent-to-own facili
Vanguard - He noted that qualified lease option buyers could easily get mortgage loans to finance the acquisition of their apartments without worrying about where the next rent would come from or the possibility of being ejected from the house. Also speaking at ...
2007-12-16 03:25:00 -
Cashing in on the mortgage mess
Newsday - A budding industry of mom-and- pop players has jumped into the mortgage crisis to try to buy or broker multimillion-dollar packages of foreclosures and loans. Take, for example, a trio of female friends who plan to pool savings, lines of credit and ...
2007-12-16 03:54:00 -
Rock Financial pitchman David Hall leaves mortgage lender (WOOD TV 8 Grand Rapids)
LIVONIA, Mich. -- David Hall, known as television and radio pitchman for Rock Financial, has left the Michigan mortgage company. Quicken Loans Inc.
2007-12-16 08:17:28 -
Cashing in on the mortgage mess (Newsday)
A budding industry of mom-and- pop players has jumped into the mortgage crisis to try to buy or broker multimillion-dollar packages of foreclosures and loans.
2007-12-16 03:17:34 -
Vacancy rate's plummet surprises experts
Saskatoon Star Phoenix - The vacancy rate for rental apartments in Saskatoon plummeted to 0.6 per cent when the Canada Mortgage and Housing Corp ... As a matter of fact, we're also looking at some of the lowest vacancy rates in Canada which, extending the logic, means that ...
2007-12-13 03:58:00 -
Countrywide Lending Dips, Shares Follow
Los Angeles Business Journal - Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers. ... increased to 6.11 percent, up from last week's rate of 5.96 percent, which was the lowest in more than two years. Until this week, rates on 30 ...
2007-12-12 03:59:00 -
Asian Markets Retreat on Bearish Factors
Saudi Gazette - ... factors, from expectations China may raise interest rates soon to signs of growing pessimism among Japanese corporate executives. ... at major Japanese companies has fallen to its lowest in ...
2007-12-14 11:42:00 -
Citigroup battles to plug all the leaks
The Australian - Citigroup has the lowest leverage ratio of any large bank," said Christopher Whalen, a managing director at Institutional Risk Analytics. ... charges in 2008 because of its holdings of mortgage ...
2007-12-16 07:47:00 -
Vermont's real-estate picture stays ahead of rising foreclosure trend
Burlington Free Press - Vermont has the lowest level of foreclosure filings, as a percentage of households, than any other state in the country ... SinceBecause interest rates have risen in recent years, mortgage rates rise when the loans reset -- forcing a spike in monthly ...
2007-12-16 01:06:00 -
Subprime crisis fuels British housing slump
Register-Guard - The bank lifted rates five times between July 2006 and July 2007 to a six-year high of 5.75 percent in ... England, a good indicator of the future health of the housing market, fell in November to their lowest level in nearly three years, while mortgage ...
2007-12-16 09:42:00 -
Why you are paying more for food
Straits Times - And world cereals stocks as a proportion of production are the lowest ever recorded ... China increased interest rates in August, Chile in July, Mexico in May. The ... Financial confidence in the West has been shaken by the subprime-mortgage crisis ...
2007-12-16 01:52:00 -
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Kansas City Star - Mortgage giant Countrywide Financial Corp . and many Wall Street banks have needed ... circumstances into its proven lending standards, seeking out its own lowest-cost ... in June 2004 when the Federal Reserve started raising short-term interest rates. ...
2007-12-14 03:56:00 -
OUTLOOK Hungary central bank to hold base rate on inflation risks
Forbes - Rate setters, who have voted to cut rates only twice this year, say they are ... policy of gradual easing this year even as economic growth has sunk to its lowest ... Market turbulence resulting from this summer's subprime mortgage crisis has led to an ...
2007-12-16 11:36:00