Mortgage and Financial News From 2007-11-4 Page 01

Previous Day: 2007-11-03

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• Holidays Promise Good Tidings For The Economy

  KXAN - In the current quarter, look for a rate of expansion of only 1% to 1.5% as housing ... Pain from mortgage woes and energy costs doesn't hit everyone equally. People in ... of such moves typically isn't felt until six months later, by which time rates on ...
  2007-11-04 10:27:00

• Forex - Philippine Peso In New Multi-year High Against Dollar [USD/PHP ...

  RTT News - Traders were unnerved by more write-downs related to subprime mortgage losses by financial companies and as a ... Both central banks are expected to hold key interest rates this time. The ECB's current rate is at 4% and that of the BoE is at a 6-year ...
  2007-11-04 09:37:00

• Grebner: Plenty's at stake with CATA's request for millage

  Lansing State Journal - ... for good service, we pay the highest transit tax rates in Michigan, four times higher than SMART. If a house's taxable value is $60,000 (market value, perhaps $150,000) the current tax ... Mortgage mess. State budget mess. Lots of reasons to be more ...
  2007-11-04 09:44:00

• The week ahead

  Daily Telegraph - We accept that higher mortgage rates, food prices and higher credit card interest rates are likely to have an impact on consumer ... completed at the start of this month, could help push profits from an underlying £140m to around £200m for the current ...
  2007-11-04 03:54:00

• Scots facing a Christmas debt crisis as bankruptcies reach 14,000

  Scotsman - ... has soared by 12 per cent over the past year - and experts warn that the current ... When it happened to me, it was 15% interest rates and I was paying out, (or ... Just think, if you are paying, say, £600 a month now in mortgage interest under the ...
  2007-11-04 07:21:00

• Turmoil in currency and commodity markets

  DAWN Group - On the same day the US Federal Reserve cut the interest rates by a quarter points ... yen or the Swiss franc, the dollar is not backed by a country with a large current ... markets appears to have risen structurally following the recent subprime mortgage ...
  2007-11-04 10:13:00

• Wolf at the door

  News.com.au - Here you'll find a good snapshot of rates, fees and features, and you'll get a good understanding of what's reasonable in terms of cost. "And don't commit to refinancing your mortgage before you discuss it with your current lender. This could save ...
  2007-11-04 02:42:00

• Is the Fed through cutting interest rates?

  MSNBC - ... bets that a rate cut was coming, in part because Wall Street is still worried about recent mortgage ... rate cut with a clear statement — or about as clear as the Fed ever gets – that, based on current conditions, it’s not inclined to cut rates ...
  2007-11-03 05:59:00

• Experts: One type of mortgage does not fit all

  Times-Leader - Those not current are considered in a stage of foreclosure. The double-digit ... However, reports of increasing foreclosure rates across the nation can’t all be ... Unlike a mortgage broker, the bank can approve loans and First Liberty holds the ...
  2007-11-04 07:00:00

• Black Atlantans more vulnerable than whites in subprime market (AccessNorthGA)

  ATLANTA - An analysis of federal mortgage data has shown that Black Atlantans were the most likely minority group to end up with a subprime mortgage - making them more vulnerable in the current loan crisis.
  2007-11-04 07:01:05

• Mortgage lenders taking the heat

  Tehechapi News - What's worst is that the mortage companies' won't refinance loans to fixed rates because the people that had adjustable loans ... So they can leave home for an extended period of time and take their pots and pans with them. I'm telling ya ..... it is ...
  2007-11-02 05:53:00

• Prince out; Rubin, Bischoff to split duties at Citi

  Marketwatch - Some have been forced to sell assets to repay creditors because they've struggled to refinance themselves in the commercial ... Scarcity, cost of jumbo mortgages portend big home-price drops Six good eating habits that will help prevent cancer ...
  2007-11-03 05:59:00

• Refinance pitches in subprime tone (Savannah Morning News)

  "Congratulations!" mortgage brokerage Sunwest Lending Group wrote in a recent mailing to a homeowner.
  2007-11-04 09:56:17

• CORRECTED-Citigroup chief quits

  MSN UK News - ... heavy management turnover, questions over strategy, and mounting losses from bad ... Given the size of the recent losses in our mortgage-backed securities business, the ... Sandy" Weill, his mentor since joining a Baltimore firm called Commercial Credit Co ...
  2007-11-04 09:23:00

• Embattled bank faces SEC inquiry over SIVs

  Times Online - If things looked bad for Citigroup last night, they could be about to get worse ... Little was known about SIVs before this summer’s credit crisis, mostly because ... further losses on Monday, reflecting continued declines in the value of some mortgage ...
  2007-11-04 01:45:00

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