Mortgage and Financial News From 2007-9-7 Page 15

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  • Bank of Korea keeps interest rates on hold at 5.0 pct as expected ...

    Forbes - Nine economists polled by Thomson Financial News expected rates to remain on hold. ... The annual rise was the lowest since CPI grew 1.7 percent in January, and was below ... fears of a global credit crunch in the wake of troubles in the US subprime mortgage ...
    2007-09-06 11:40:00

  • 30-year mortgage rates inch up (The News & Observer)

    After falling for two weeks, rates on 30-year mortgages edged up slightly this week.
    2007-09-07 01:56:56

  • Rates on 30-year mortgages edge up (Lexington Herald-Leader)

    After falling for two weeks, rates on 30-year mortgages edged up slightly this week. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.46 percent this week, compared with 6.45 percent last week. The rate last week was the lowest since 30-year mortgages averaged 6.42 percent the week of May 31. Analysts attributed the basically unchanged reading to ...
    2007-09-06 03:58:41

  • Vermont boasts low mortgage delinquency, foreclosure rate (WCAX-TV Vermont)

    Associated Press - September 7, 2007 7:25 AM ET MONTPELIER (AP) - Vermont continues to have 1 of the lowest mortgage delinquency and foreclosure rates in the nation.
    2007-09-07 04:31:21

  • Fitch Affirms 21 and Downgrades 5 From 5 MLMI Subprime Trusts

    Forbes - The underlying collateral for the transactions listed above consists of fixed- and adjustable-rate mortgage loans secured by first and second liens on one- to four-family residential properties extended to subprime borrowers. All of the mortgage ...
    2007-09-06 02:07:00

  • Growth Steady in U.S. Service Sector

    US News and World Report - The credit crisis, which began with subprime mortgage loans to people with poor credit, has spread and intensified in August, unnerving investors on Wall Street and around the globe. To stabilize the effects, the Fed has pumped tens of billions of ...
    2007-09-06 10:29:00

  • New Foreclosures Up in 47 States

    Forbes - WASHINGTON, Sept. 6 /PRNewswire-USNewswire/ -- The 2nd Quarter National Delinquency Survey, released today by the Mortgage Bankers Association (MBA), shows that mortgage loans entering foreclosure have increased in 47 states since this time last year ...
    2007-09-06 02:50:00

  • NATIONAL CITY: 1,300 workers laid off

    St. Louis Post-Dispatch - National City Corp. is laying off 1,300 workers to shrink its struggling mortgage business. The Cleveland-based bank said scaling back its house lending businesses and shifting the mortgage loans on its books will cost about $200 million before taxes
    2007-09-07 12:59:00

  • Delta Financial prices security backed by $900 million in mortgage ...

    CNBC - WOODBURY, N.Y. - Mortgage lender Delta Financial Corp. said Wednesday it bundled together for sale a security backed by $900 million in mortgage loans, increasing its ability to borrow money to originate loans. However, the company said the pricing ...
    2007-09-05 04:36:00

  • IG Sales Rise 60% as Stock Movements Spur Betting (Update1)

    Bloomberg - The Standard & Poor's 500 Index of U.S. stocks gained as much as 2.5 percent in a day in July and August and slid as much as 3 percent in a session as investors tried to assess the effect of losses on U.S. mortgage loans to risky borrowers. Roiled ...
    2007-09-07 12:59:00

  • Luxury loans behind money woes

    News.com.au - ONE of Australia's largest mortgage brokers, Mortgage Choice, is urging borrowers to consider their options in an effort to counter the impact of another interest rate rise. National manager of corporate affairs for Mortgage Choice Warren O'Rourke ...
    2007-09-07 01:06:00

  • Rate of home loans entering repossession hits high

    Guardian Unlimited - The rate of home loans entering the repossessions process in the US hit a record high in the second quarter due to a surge in the number of failing mortgages to lenders with poor credit histories, an industry report said yesterday. The Mortgage ...
    2007-09-07 12:02:00

  • Aussies warned over luxury loans (Daily Telegraph)

    ONE of Australia's largest mortgage brokers, Mortgage Choice, is urging borrowers to consolidate debts to counter the impact of interest rate rises and luxury high-interest loans.
    2007-09-06 08:00:00

  • Michigan, Ohio worst in mortgage foreclosure (The Toledo Blade)

    Mortgage lenders in the Toledo area this summer first made it tougher for borrowers to obtain loans without a down payment and then demanded better credit scores from buyers.
    2007-09-07 02:20:05

  • Lehman Brothers to close Southern Pacific Personal Loans and London Mortgage Company (Money Marketing Online)

    Lehman Brothers has announced that it will be withdrawing from the second charge market and will close both Southern Pacific Personal Loans and London Mortgage Company.
    2007-09-07 02:09:45

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