Mortgage and Financial News From 2008-1-1 Page 29

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  • The dismal scientists weigh in

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... To me, the biggest surprise was the tangled web of the U.S. subprime mortgage issue ... The Fed cuts interest rates aggressively in early 2008, bringing the overnight ...
    2008-01-01 08:40:00

  • The loonie's turbulent flight

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas ... But it will take a stronger U.S. economy and rising interest rates to lift the greenback, and given the credit crisis and mortgage market morass, that could ...
    2008-01-01 09:30:00

  • Cheapest Stocks Since 1974 Make Phone Shares Cheaper (Update1)

    Bloomberg - ... cheaper should financial firms' $97 billion in writedowns and credit losses related to the collapse of the subprime mortgage ... Inflation may prevent central banks from reducing interest rates enough to keep the economy from shrinking, according to ...
    2008-01-01 10:20:00

  • Brian O'Connor: 2007 Piggy Bank Awards

    Detroit News - As we look back on financial trends, 2007 will go down as the Year of Lead. Lead in our Chinese-made toys. Lead in the pants of the banking regulators who supposedly protect us. And in the mortgage industry, loans that dragged down the entire world ...
    2007-12-28 03:54:00

  • The Mortgage Crisis, The Bay Area’s Top News Story

    HULIQ.com - With the availability of sub-prime mortgage loans, many residents in the Bay Area decided it was time to get their piece of the American pie. When the real estate and financing markets took a turn for the worse at the beginning of the year, many ...
    2007-12-31 03:58:00

  • New year brings Nevadans more laws Changes affect children in Clark ...

    Las Vegas Review Journal - The Jan. 1 laws include Assembly Bill 329, which requires regulations for nontraditional mortgage loans, such as interest-only loans and adjustable rate loans. The measure was one of several sought by regulators and by home buyers who complained ...
    2008-01-01 01:59:00

  • (Adds byline, quotes, background)

    Reuters - Subprime mortgage loans made in 2006, a time when lenders eased their underwriting standards, suffered the deepest and fastest deterioration and were the most affected by the rating actions this year. Citigroup (C.N: Quote , Profile , Research ) was ...
    2007-12-31 11:26:00

  • New Year's Day legislation to welcome the new year

    KRNV - The Jan. 1 laws include AB329, which requires regulations for nontraditional mortgage loans, such as interest-only loans and adjustable rate loans. The measure was one of several sought by regulators and by homebuyers who complained about problems ...
    2008-01-01 08:26:00

  • Mortgage defaults in Nov. hit record

    Baltimore Sun - These exotic loans are fading from the market." MGIC Investment, the largest U.S. mortgage insurer, and No. 2 PMI Group reported losses in the July-through-September period, their first unprofitable quarter as public companies. MGIC sold shares to the ...
    2008-01-01 06:52:00

  • Defaults on home loans hit monthly record (The Plain Dealer)

    Washington- Mortgage insurers saw defaults rise to a monthly record in November, according to data published Monday by an industry trade group.
    2008-01-01 01:55:15

  • Existing home sales climbed last month

    MSNBC - Even with the small increase, the pace of sales was still the second-lowest on record going back to 1999. The lowest pace ... A dip in 30-year mortgage rates in November probably helped give nationwide existing-home sales the small boost last month, the ...
    2007-12-31 07:37:00

  • Year in housing rocky; experts say all's not lost

    Antelope Valley Press - ... surge of 236 multi-family units in addition to 814 single-family units in 2007, posted the lowest ... interest buy-downs by the seller have become a popular method of qualifying buyers for a mortgage without the ensuing difficulties of adjustable rates.
    2008-01-01 08:40:00

  • Dollar Heads for Annual Drop Versus Euro, Yen as Fed Cuts Rates

    Bloomberg - ... versus the yen as traders increased bets the Federal Reserve will reduce rates ... today will probably show sales of existing homes in November was at the lowest ... low in the third quarter as demand for U.S. assets waned after the subprime-mortgage ...
    2007-12-29 03:53:00

  • New home sales drop to lowest in 12 yrs

    MSNBC - ... deeper into despair last month, with sales of new homes plummeting to their lowest ... If you can't qualify for a mortgage the game is over. For those who do qualify, it ... Other home buyers were clobbered as low introductory rates on their mortgages ...
    2007-12-31 04:02:00

  • Foreclosures down here (Lancaster Online)

    Lancaster County appears insulated from the mortgage meltdown created by subprime lending, which has sent foreclosure rates through the roof across the country.The number of sheriff's sales of foreclosed properties in Lancaster County is the lowest in nine years, according to courthous...
    2007-12-31 09:04:22

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