Mortgage and Financial News From 2007-11-4 Page 6

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  • Home sales fall in urban parts of New Jersey

    Philadelphia Inquirer - Experts said that urban areas were hit particularly hard by the subprime mortgage crisis since many home purchases there in recent years were paid for with subprime loans. The newspaper based its analysis on home sales figures that are reported to the ...
    2007-11-04 12:12:00

  • More problems ahead for Citigroup

    CNN Money - ... move to reflect the SIVs on the balance sheet could deepen worries over the bank's financial strength. However, other analysts believe Citigroup has adequate capital to deal with an SIV shock and more losses from mortgage-related assets and bad loans ...
    2007-11-04 04:58:00

  • We pay for bankers' blunders

    Daily Mail - As the world now knows, much of it originated in foolish mortgage loans made to people who could not afford to repay, mostly in America's boom Southern and Western states. It is estimated that at least £175billion of these so- called sub-prime ...
    2007-11-04 04:44:00

  • Variable loans cost less

    News.com.au - ... home loans have ended up worse off than their counterparts who have standard variable loans. That means less than one in every five people who picked fixed rates has walked away with the better deal. Analysing Reserve Bank data since 1990, mortgage ...
    2007-11-04 02:06:00

  • Citigroup names Rubin as chairman and plans more write-downs

    International Herald Tribune - The appointments are intended to reassure Wall Street while the board looks for a successor to Prince, whose resignation came after the company suffered major losses as a result of its large exposure to bad loans and mortgage-related securities. Rubin ...
    2007-11-04 04:58:00

  • Whose side is loan broker on?

    Daily Pilot - If it is, the national mortgage brokers group's Role of the Mortgage Originator form could go a long way toward protecting unknowing borrowers from being led into loans they can't handle. And possibly giving them some kind of recourse against ...
    2007-11-04 03:32:00

  • Pakistan, the heart of a global crisis

    Times Online - Quite suddenly, in August, there was an unforeseen credit crunch, apparently caused by the low quality of mortgage loans and the reluctance of banks to lend to each other. If one looks back to the 1970s one can see that unexpected rises in the oil ...
    2007-11-04 12:40:00

  • Investor Alert: KGS Announces That WSB Financial Shareholders

    MSN MoneyCentral - ... to the complaint, the company's registration statement for the IPO failed to disclose that it had been violating certain banking laws and regulations relating to the origination, administration and monitoring of construction and mortgage loans. Due ...
    2007-11-04 12:12:00

  • Beijing's bank defines 'second' mortgage

    English Eastday - Another unclear point in the new rule is that whether it shall be apply to home owners who have already paid off their mortgage loans and plan to improve their living standard by buying a bigger apartment. Most banks, including the big four ...
    2007-11-04 05:27:00

  • Citi CEO: Company is on right strategic track

    Reuters - ... support of the board when it came to strategy. "This is absolutely the right track," Rubin said. Prince resigned Sunday after Citi estimated it would take a $5 billion to $7 billion after-tax write-down of assets linked to sub-prime mortgage loans.
    2007-11-04 03:54:00

  • Beijing's bank defines 'second' mortgage (Eastday.com)

    The Beijing branch of Bank of Communications (BOCOM) has recently given its own definition of a "second" mortgage, which will base on the house property of the applicant rather than the applicant's family.
    2007-11-04 06:03:39

  • Mortgage approvals drop 20 per cent in latest sign of slowdown (Independent)

    Further evidence of a slowdown in the housing market came yesterday as the Bank of England revealed figures showing that the number of mortgage approvals for home purchase fell from 108,000 in August to 102,000 in September, the lowest since July 2005. The number of approvals is down 20 per cent on the year.
    2007-11-04 05:25:49

  • Student loans impact FICO (Deseret Morning News)

    I'm in my early twenties and I'm thinking about buying a house. I don't have any credit-card debt, but I owe about $20,000 in student loans. Will that hurt my chances of getting a mortgage?
    2007-11-03 11:41:54

  • Jury Still Out on GM

    BusinessWeek - Click Here Earn 15% Yearly W/ Private Medical Investments Invest W/ Expert Run Mobile Imaging Centers Using GE Technology. Earnings Paid Monthly, $25K Min. Mortgage Refinance Rates at 4.875% Get $225,000 home loan for $914/month. Calculate Your New ...
    2007-10-30 05:57:00

  • Carolyn Hax

    Washington Post - I'm in a job I don't like but which I can't afford to quit because it pays the mortgage on a house I am not sure I really ... Carolyn Hax: And if anyone throws around the phrase "those people," calculate both your obligation to object and the predicted ...
    2007-11-02 03:09:00

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