Mortgage and Financial News From 2007-8-25 Page 01
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You may now lick the bride: Canine clergyman helps household pets tie ...
Daily Herald - So your dog can fetch a stick. Big deal. Brad Page's dog can officiate at a wedding. It sounds like a joke, and it kind of is. Page, a 55-year-old mortgage broker who lives in Highland, doesn't actually believe that Tyker, his 4-year-old Miniature ...
2007-08-25 06:01:00 -
Mortgage brokers reap $2b in commissions
News.com.au - MORTGAGE brokers are earning almost $2 billion in commissions a year at the expenses of borrowers, finance experts claim. Hamish Carlisle, of mortgage provider QuickDirect, said an average commission for a mortgage broker writing a $250,000 loan over ...
2007-08-25 05:04:00 -
Homeowner nightmares: Mortgage crunch impact spreading far and wide
San Diego Union-Tribune - A mortgage broker informed them just before the closing that the remaining debt would be $3,500 more than expected, but they signed anyway. With their new payments, a sequence of events left them unable to keep up. First Connie's mother moved out ...
2007-08-25 06:16:00 -
Warning over 102 pc loan for key workers (The Observer)
KEY WORKERS are being offered a new mortgage that will cover 102 per cent of the cost of their chosen property - but a leading mortgage broker is warning first-time buyers to think carefully before buying without a deposit in the current housing market.
2007-08-25 11:30:10 -
Mortgage brokers reap $2b in commissions (Herald Sun)
MORTGAGE brokers are earning almost $2 billion in commissions a year at the expenses of borrowers, finance experts claim.
2007-08-25 02:00:00 -
Dollar Falls for Third Day Before Report on U.S. Home Sales
Bloomberg - ... of new homes in the U.S. weakened in July to the lowest in seven years. The U.S. currency was also set for a weekly decline after the chief executive officer of the biggest U.S. mortgage ... We think the Fed will cut interest rates and this is ...
2007-08-24 01:09:00 -
Fed Discount Lending Rose to Average of $1.2 Billion (Update3)
Bloomberg - The change lets the bank channel money from the discount window to the broker-dealer, which would then lend it to clients holding ``certain mortgage loans and related assets.'' The exemption allows Citibank to lend up to $25 billion to the broker ...
2007-08-23 12:53:00 -
Business Briefing
Fort Lauderdale Sun-Sentinel - Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent ...
2007-08-24 06:50:00 -
Rates decline on 30-, 15-year mortgages (The Record)
WASHINGTON -- Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for people hoping to buy homes.
2007-08-25 09:05:03 -
'Hot' housing market not slowing; Crunch frustrating for potential ...
North Bay Nugget - ... foreclosure just to be able to buy a home," said Arnett, who's worried a mortgage ... are not feeling the same stimulus from the job market . . . from interest rates ... isn't simply the high-priced housing market, but rather how those prices compare to ...
2007-08-25 10:02:00 -
Will default mean destitution? (Stuff)
A Consumers Insitute report doesn't tell the whole story, reports Rob Stock .
2007-08-25 10:10:32 -
Are you confused about all those mortgage terms? (The Advocate)
Are you getting ready to buy a new home or refinance your existing home? When you meet with your lender or speak with a realtor, you'll find they have specific terms or words they use. To avoid any confusion, if you don't understand what they are talking about, ask them.
2007-08-25 11:09:33 -
View from the top: Rock climbing in West Virginia
CNN - Group rates are available. http://newriverclimbing.com or 1-800-73-CLIMB. Seneca Rocks Climbing School offers a variety of ... From there, interest grew -- as did the number of climbing routes. Today, there are more than 1,600 routes, making the gorge ...
2007-08-24 07:36:00 -
Anatomy of a global credit crisis
New Zealand Herald - As interest rates rose and the introductory rates expired, borrowers who had chased the dream of home ownership found themselves unable to afford repayments and started defaulting on the loans. The sub-prime problem has caused panic beyond the US ...
2007-08-22 12:54:00 -
Tottering pillars of subprime castles in the air
China Daily - With credit drying up, causing interest rates (price of credit) to rise, the European Central Bank took the unprecedented step of giving banks unlimited access to its funds at 4 percent base rate to keep the money flowing. The banks responded by ...
2007-08-23 12:53:00