Mortgage and Financial News From 2007-10-12 Page 3
Previous Day: 2007-10-11
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Home dream to mortgage nightmare
MSNBC - Her mortgage broker urged her to finance 100 percent of the purchase price with interest-only loans that would adjust in two years. Any talk of a housing bubble was dismissed. “I got pressure from the real estate agent and officer,” Toothman said ...
2007-10-08 05:54:00 -
Branson plays white knight in the race to save the Rock
The Independent - However, the share issue could only be completed if Northern Rock ... The former head of Virgin One's mortgage lending business, she left Virgin in ... informed all prospective suitors that they had to submit "indications of interest ...
2007-10-12 05:50:00 -
Germany's Steinbrueck says GDP growth likely quickened despite market ...
Forbes - There are still bottlenecks on money markets,' he said, adding he expects further tension on mortgage markets 'because payment and interest on contracts signed two years ago are only due in 2008'. 'But all experts tell me that the while the financial ...
2007-10-12 02:33:00 -
Borrowing House Money From Abroad
Wall Street Journal - Interest rates there can be much lower than they are here. A 30-year mortgage in the U.S. currently hovers near 6.4%, which sounds low until you look to Japan ... THE FULL WSJ.com ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS. • ...
2007-10-12 07:23:00 -
Subprime: 'HopeNow' may help only so much
CNN Money - HopeNow' may help only so much New group of lenders, counselors and investors ... to help subprime borrowers have been disjointed and inconsistent, and a new mortgage ... and counselors to provide "workouts," which can include lowering the interest rate ...
2007-10-12 02:29:00 -
Victims strike back at shady lenders
St. Petersburg Times - ... second company, Silverstone Lending, which used illegal fees and usurious interest ... He turned to mortgage lending after the Federal Trade Commission cracked down on his ... The FTC has collected only $50,000 of a $12.4-million judgement lodged against ...
2007-10-12 09:03:00 -
Fitch Affirms 17 & Removes 2 Classes of CSFB 2005-CND2 from Rating ...
Forbes - ... CSFB) commercial mortgage pass-through certificates, series 2005-CND2: --$32 million class L rated 'BBB-'; --$23 million class M rated 'BB'. Fitch has also affirmed the following classes: --$58.5 million class A-2 at 'AAA'; --Interest-only class ...
2007-10-12 01:53:00 -
'Tax' on Interest Deductions Gains Support
Washington Post - Owners of homes of 3,000 to 3,199 square feet would be eligible for only 85 percent of the mortgage interest deductions they may now take. The bigger the house, the smaller the deduction: Homes of 3,600 to 3,799 square feet would lose 60 percent of ...
2007-10-12 12:56:00 -
Subprime: 'HopeNow' may help only so much (CNN Money)
Efforts to help subprime borrowers have been disjointed and inconsistent, and a new mortgage industry alliance formed this week is trying to remedy that. But some who counsel distressed homeowners say the alliance won't resolve key issues.
2007-10-12 01:07:37 -
I.R.S. Looks at Mortgage Securities (New York Times)
The I.R.S. is examining the use of arcane but powerful investment entities known as real estate mortgage investment conduits to see if participants are reaping illegal tax benefits.
2007-10-12 08:21:48 -
'Tax' on Interest Deductions Gains Support (Washington Post)
Although the real estate industry opposes the plan, a key House committee leader's proposal for "carbon tax" cuts in mortgage interest deductions is attracting strong support from environmental and scientific groups.
2007-10-12 01:21:53 -
Business Minute: Stocks rise...Oil futures at record...Taxpayers ...
Idaho8.com - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money Money Home For ... Associated Press - October 12, 2007 5:53 PM ET NEW YORK (AP) - Stock had another positive week. The key ...
2007-10-12 01:53:00 -
U.S. Treasury Talks With Banks on Commercial Paper (Update2)
Bloomberg - ... investment vehicles, the units set up by banks and hedge funds to finance purchases of assets including subprime mortgage ... Interest Rates Speculation on ``a bank consortium being formed to address the funding of SIV assets'' helped ...
2007-10-12 03:41:00 -
Suburbs, urban areas share pain of mortgage crisis (The Kansas City Star)
As America’s mortgage markets began unraveling this year, economists seeking explanations pointed to “subprime” mortgages issued to low-income, minority and urban borrowers. But an analysis of more than 130 million home loans made over the past decade reveals that risky mortgages were made in nearly every corner of the nation, from small towns to inner cities to affluent suburbs.
2007-10-12 08:45:55 -
Fitch Rates Soundview Home Loan Trust $66.5MM Series 2007-2 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch rates Soundview Home Loan Trust's asset-backed certificates, series 2007-2 as follows:
2007-10-12 02:21:00
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