Mortgage and Financial News From 2007-9-7 Page 10

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  • Activists say blacks, Hispanics hit hard in loan crisis

    Houston Chronicle - The report analyzed data obtained through the Home Mortgage Disclosure Act. The group used a sample of 363 individual lenders owned by 19 parent companies that represent 68.5 percent of all residential mortgages originated in 2006 and 50.5 percent of ...
    2007-09-05 10:58:00

  • Pending Home Sales Index Falls Largely on Mortgage Tightening

    Forbes - WASHINGTON, Sept. 5 /PRNewswire-USNewswire/ -- Pending home sales, a forward-looking indicator, shows existing-home sales are likely to decline in coming months as mortgage disruptions work their way through the housing market, according to the ...
    2007-09-05 07:06:00

  • Hovnanian Reports 4th Loss in a Row

    Washington Post - Last week, Fitch Ratings downgraded its credit ratings on several homebuilders, including Hovnanian, citing the problems in the home mortgage industry and other factors. Fitch said the downgrade also reflects negative trends in Hovnanian's operating ...
    2007-09-06 10:00:00

  • Back to work: Congress faces tough choices on Iraq

    CNN - WASHINGTON (AP) -- Like many schoolchildren, members of Congress were back at their desks Tuesday after a summer break. Unlike the students, lawmakers will immediately face major tests: on Iraq, children's health care, a home mortgage crisis and the ...
    2007-09-03 05:53:00

  • Is the national mortgage mess complicating your home purchase or sale ...

    White Plains Journal News - Financially-troubled lenders, such as American Home Mortgage Investment Corp., have posed a problem for some homebuyers in the Lower Hudson Valley. American Home's bankruptcy filing last month sent buyers scrambling to line up new financing. The ...
    2007-09-06 08:52:00

  • ECB Pumps Extra Cash Into Markets, Shelves Rate Increase

    Bloomberg - Trichet said there are ``upside risks'' to inflation and the current level of interest rates isn't hampering economic growth, indicating the bank remains ready to raise the benchmark rate. The euro rose against the yen, erasing an early loss ...
    2007-09-06 07:41:00

  • Britain's Worst Bank Accounts!

    Sky.com - In order to find out just how many of us are being paid pathetic rates of interest on our current-account balances, I turned to my friends at Fool partner Moneyfacts. They kindly supplied me a list of 152 variations of current account from 38 different ...
    2007-09-05 05:58:00

  • Iran mulls "interest-free" banking

    IranMania News - ... Current Affairs | Pictorial | | Flowers to Iran ... charging fees for their services rather than making a profit by receiving interest ... council in June approved a proposal by Ahmadinejad to cut bank lending rates by ...
    2007-09-06 08:13:00

  • Financial shares among major fallers

    Guardian Unlimited - Investors did not know which way to turn today as the Bank of England surprised no one by leaving interest rates unchanged, but issued an unusual statement showing its concern at the current market turmoil. Banks were among the major fallers as the ...
    2007-09-06 07:19:00

  • Swedish crown strengthens after Riksbank ups rates (Reuters via Yahoo! Asia News)

    LONDON, Sept 7 (Reuters) - The Swedish crown strengthened to a three-week high against the euro on Friday after the country's central bank raised interest rates to 3.75 percent as expected and said current market turmoil hasn't changed its view on the economy.
    2007-09-07 12:39:06

  • Bank puts interest rates on hold as fears grow of market turbulence stunting global growth (Guardian Unlimited)

    The Bank of England and the European Central Bank yesterday put interest rate rises on the back burner as the International Monetary Fund added its weight to those warning of the potentially adverse impact of the current financial market turbulence on global growth.
    2007-09-07 01:04:03

  • UK interest rates may have peaked at current level (New Ratings)

    LONDON, September 7 (newratings.com) - Analysts at ING Financial Markets say that UK interest rates appear to have peaked at the current 5.75%.
    2007-09-07 09:41:16

  • IndyMac Says It May Post a Loss in the Third Quarter (Update2) (Bloomberg.com)

    Sept. 7 (Bloomberg) -- IndyMac Bancorp Inc., the second- biggest U.S. independent home lender, may post a third-quarter loss as housing sales falter and mortgage defaults climb.
    2007-09-07 06:52:39

  • IndyMac Says It May Post a Loss in the Third Quarter (Update3) (Bloomberg.com)

    Sept. 7 (Bloomberg) -- IndyMac Bancorp Inc., the second- biggest U.S. independent home lender, said it may post a third- quarter loss as housing sales falter and mortgage defaults climb.
    2007-09-07 07:07:35

  • Fed urges US mortgage lenders to help struggling borrowers (Times Online)

    The US Federal Reserve yesterday urged mortgage companies to help borrowers who fall behind with home loan repayments by offering deferral plans and renegotiating the terms of their debt.
    2007-09-07 10:43:42

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