Mortgage and Financial News From 2007-12-18 Page 19

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  • Fed Board Recommends Tighter Curbs on Subprime Loans (Update3)

    Bloomberg - The Fed's actions address ``lax lending standards that are the heart of the current credit crunch.'' Rebuke ... The Bush administration this month negotiated a freeze of up to five years on some subprime mortgage rates. Fed's ...
    2007-12-18 09:18:00
  • UPDATE 1-Market woes, oil, forex to curb euro zone growth-EU

    Forbes - Financial market estimates showed losses related to rising default rates in the U.S. mortgage market could reach $250-500 billion ... Asian economies with large current account surpluses should contribute to this process through an appreciation of ...
    2007-12-18 03:34:00
  • BoE's King sees market problems continuing but also sees improvement ...

    Forbes - ... Financial) - Bank of England governor Mervyn King said today that the current ... the possible scale and distribution of losses means that interbank lending rates ... regret for how he had handled the Northern Rock crisis, when the troubled mortgage ...
    2007-12-18 03:41:00
  • Fed proposes rules to clean up mortgage market

    Marketwatch - The new proposed rules wouldn't help current borrowers holding a loan but aim to head off another lending crisis like the one that has killed the subprime-mortgage industry. ... rate mortgages are expected to reset to higher interest rates in ...
    2007-12-18 07:02:00
  • South Financial attracting interest from regional players could be ...

    Financial Times - The bank’s limited exposure to problems in the current credit markets, however ... This month, the troubled mortgage lender agreed to pay back its creditors, avoiding ... already struggling to write more loans and might have to lower its deposit rates ...
    2007-12-18 07:38:00
  • UK banks secure cheap rate in £10bn auction

    Times Online - ... on the first phase of cash injection with banks borrowing at below market rates ... billion of the £10 billion three-month fund at 5.36 per cent, against the current ... in seizure for more than six months since the beginning of the sub-prime mortgage ...
    2007-12-18 05:36:00
  • Play fair with rates

    Belfast Telegraph - As a working class south Belfast resident living in a modest semi (paid for by two jobs and a 30-year mortgage), I ... My current rates bill means that I am paying one month's wages to the rates collection agency, which is over £1,100, while ...
    2007-12-18 02:37:00
  • Subprime loan "mods" still fall short-Moody's

    Reuters - NEW YORK, Dec 18 (Reuters) - U.S. mortgage servicing companies are making some ... Modifications often mean forgiving some principal or freezing interest rates ... Secretary Henry Paulson -- to borrowers that can pay loans at their current rate ...
    2007-12-18 07:09:00
  • Fed to help US mortgage holders

    BBC Business - The US Federal Reserve is set to approve measures to give mortgage holders far more protection amid the current housing crisis. ... have to make financial disclosures earlier Certain forms of advertising would be banned All loan rates ...
    2007-12-18 08:21:00
  • Steve Blisko - C.E.O. Comments On Mortgage Industry Marketing Strategy (PRWeb)

    Steve Blisko offers insight on the affect of current market conditions on mortgage brokers and loan officers. (PRWeb Dec 18, 2007)
    2007-12-18 12:08:27
  • Paulson Says Administration Is Opposed to Government Bailout in Current Housing Crisis (Canadian Business)

    Martin Crutsinger December 17, 2007 - 4:54 p.m. WASHINGTON (AP) - The Bush administration reacted coolly Monday to a suggestion from former Federal Reserve Chairman Alan Greenspan that the government should consider bolder efforts to deal with the current mortgage crisis.
    2007-12-18 06:28:16
  • Subprime Shocks, U.S. Bank Dividends, Trackers' Demise: Timshel

    Bloomberg - In the U.K., banks' reluctance to make money available to each other following the subprime debacle helps explain why home ... after disclosing that ``tightened credit conditions'' prevented the company from reaching agreement with its banks to refinance ...
    2007-12-18 06:40:00
  • Mortgage Lenders Win Postponement of European Rules (Update2)

    Bloomberg - More study is needed before proposing laws designed to open up cross-border lending and cut prices for home loans ... The agency also is seeking to prevent borrowers from being locked into loans that they can't refinance should a better offer ...
    2007-12-18 08:06:00
  • Foreclosure comes home

    Medford Mail Tribune - I've learned that you don't get into a home that you think you can flip or refinance later without having the surety that you can support it," says Read, who is currently living in Hawaii with relatives while waiting induction into the Air Force. "I ...
    2007-12-18 01:54:00
  • Asian Stocks Fall for Fifth Day; Nintendo, BHP Billiton Drop

    Bloomberg - Centro Properties Group, which owns 700 shopping malls in the U.S., plunged for a second day after saying it's struggling to refinance debt because of the subprime credit market collapse. U.S. stocks completed their sharpest two-day ...
    2007-12-17 10:19:00