Mortgage and Financial News From 2007-8-25 Page 4
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Comment: The Fed must prolong the party
Financial Times - ... of diverse forces has created a significant increase in the global supply of saving – a global saving glut – which helps to explain both the increase in the US current account deficit and the relatively low level of long-term real interest rates ...
2007-08-21 12:55:00 -
Subpar remedies for subprime loans
Chicago Tribune - L ending institutions don't inspire mass affection, particularly when credit is tightening and interest rates are rising. At ... He also plans to spare current borrowers by spending tax revenues for their benefit—as well as vigorously pressuring ...
2007-08-25 04:00:00 -
Mexican Central Bank Keeps Key Interest Rate Unchanged as Inflation ...
Stockhouse Canada - Mexican Central Bank Keeps Key Interest Rate Unchanged as Inflation Slows 8/25/2007 ... The bank raised rates once this year, in April, and today maintained a ... The reduction signals the Fed may cut its target rate from the current level of 5 ...
2007-08-25 03:52:00 -
R. Carriere from Maritimes, Canada writes:
Globe and Mail - With the debt at its current levels, a 1% increase in interest rates would likely generate $4-5 Billion in interest costs. (wiping out 1/2 the surplus without changing anything). It took us 30 years to cause the national debt to triple (to its $560B ...
2007-08-25 04:21:00 -
Growth slowdown possible if interest rates remain up: Kamath
Zee News - Mumbai, Aug 24: The country`s GDP growth could experience a slowdown if interest rates continued to rise or stayed at the current levels, ICICI bank chief K V Kamat has said. "If rates continue to rise or stay where they are, there is a possibility ...
2007-08-25 08:43:00 -
25 Aug, 2007, 0200 hrs IST, PTI (The Economic Times)
MUMBAI: The country's GDP growth could experience a slowdown if interest rates continued to rise or stayed at the current levels, ICICI Bank chief K V Kamat has said.
2007-08-24 08:45:25 -
American Home: Insurers, Agents Impeding
Forbes - American Home Mortgage Investment Corp. says insurance companies and escrow agents "unfamiliar" with bankruptcy law are impeding its efforts to sell foreclosed properties. These parties are "significantly impairing" its ability to conduct business ...
2007-08-23 09:53:00 -
No Tax Deductions For McMansions?
The Ledger - To add to mortgage meltdown miseries, the credit panic, plunging home sales and rising foreclosures, here's a new worry: A proposed cutoff of mortgage-interest tax deductions for all houses with more than 3,000 square feet. One of Capitol Hill's most ...
2007-08-25 09:54:00 -
Mortgage crisis widens at Accredited, HSBC and Lehman
Worldnews.com - NEW YORK : The fallout from the US mortgage and credit crisis spread on Wednesday as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced job cuts and concern mounted about the longer term impact on the ...
2007-08-25 12:25:00 -
Soaring home prices challenge S. Florida employers
Miami Herald - ... to a family earning the median income -- down from 26.3 percent two years ago, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index, which looks at home prices and income levels based on standard mortgage ...
2007-08-25 02:48:00 -
Displaced by foreclosure, family finds rental home
Baltimore Sun - Kwaku Atta Poku, the Columbia taxi owner who lost his family's townhouse to foreclosure despite making every mortgage payment, is moving to a new rental home, thanks to help from a community group using a new state program to help them recover. "With ...
2007-08-25 07:17:00 -
Dodd seeks change following mortgage market troubles
Newsday - The size of mortgages the agency can insure is often too small to attract borrowers in expensive areas such as California and the Northeast _ reducing the FHA'S share of the home mortgage market to around 4 percent from 19 percent a decade ago. The ...
2007-08-24 12:23:00 -
Credit Cards Rates Rise for Some With Poor Credit
ABC News - Don't own a home or plan to buy one anytime soon? Well, listen up because the fallout from the country's mortgage problems could still affect you. Several credit card companies in recent weeks have started to jack up rates for some customers, and ...
2007-08-25 04:14:00 -
Former CIETC exec could lose house
Hawk Eye - DES MOINES -- The home owned by the former head of a scandal-ridden job training agency will be auctioned off unless outstanding mortgage payments are paid by September. Ramona Cunningham's house in Madison County will be sold at a sheriff's sale ...
2007-08-25 03:24:00 -
Mortgage boat has holes, but is still afloat
Chicago Tribune - Freddie Mac's Home Possible Mortgage allows you to borrow up to 105 percent of the value of the home. You can get a fixed-rate for up to a 40-year term, or a variety of adjustable-rate mortgages. To be eligible, your income cannot exceed the median ...
2007-08-25 01:58:00