Mortgage and Financial News From 2007-9-5 Page 3

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  • News Minute: Pavarotti condition worse...Search engine helps in search ...

    WDAM-TV - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money ... WASHINGTON (AP) - An independent panel says it met with more than 100 Iraqi officials, 100 current and former government ...
    2007-09-05 12:36:00

  • IG Metall, Biggest German Union, Nominates New Head (Update1)

    Bloomberg - The current chairman, Juergen Peters, 63, says he won't seek re-election. IG Metall under Peters won a wage increase of 4.1 percent last May for workers in companies including Siemens, Europe's biggest engineering company, and Bayerische ...
    2007-09-04 04:44:00

  • MGIC, Radian Cancel Merger, Citing Market Conditions (Update5)

    Bloomberg - Sept. 5 (Bloomberg) -- MGIC Investment Corp., the biggest U.S. mortgage insurer ... units and will decide within the next three weeks whether to change the current ... The company anticipates default rates to continue at present levels for another ...
    2007-09-05 01:54:00

  • Bank of Canada holds rates due to market turmoil

    Reuters - ... reference to the need for a "modest further increase" in rates, which it made when it raised rates in July. Instead, it said the current ... However, the meltdown in the U.S. subprime mortgage market could put a brake on growth in the months to ...
    2007-09-05 09:08:00

  • Who's To Blame For Housing Bubble?

    Forbes - ... discussions held at Jackson Hole, Wyo., Aug. 31 to Sept. 2, leading economists presented differing views of the current ... history of subprime mortgages, highlighting the 13.5% delinquency rate reached in June for those with adjustable rates, and ...
    2007-09-05 03:10:00

  • House price and interest rate increases push UK property affordability ...

    International Herald Tribune - The Bank of England's decision to raise interest rates five times in the past year to the current 5.75 percent — putting Britain at the top ... The increase in mortgage rates since last summer is having an effect on housing affordability and will bite ...
    2007-09-05 04:03:00

  • Pending Home Sales Worst In Six Years

    Forbes - ... safest mortgages, and many lenders making jumbo loans have demanded that borrowers pay higher rates ... According to Buckingham, once the current inventory problems get corrected and the mortgage issues gets sorted out, supply and demand will ultimately ...
    2007-09-05 05:29:00

  • UPDATE 3-Bank of Canada holds rates, scraps talk of hike

    Reuters - ... to the need for a "modest further increase" in rates -- a comment it made when it raised rates in July. Instead, it said the current level ... from inflation-fighting to the possible impact on growth of the meltdown in the U.S. subprime mortgage ...
    2007-09-05 02:23:00

  • Conventional Mortgage Has Lenders Competing

    Wall Street Journal - While subprime and jumbo mortgage loans are drying up, there's plenty of cash ... are battling for these customers with fee waivers, competitive interest rates and ... One reason for the current strong market for conventional, or "conforming ...
    2007-09-05 05:08:00

  • Rates talk drives dollar down

    News.com.au - ... weaker after an influential analyst suggested the Reserve Bank would cut interest rates if the US loosened its monetary policy to tackle the subprime mortgage ... Things have moved quickly in the current extraordinary episode, and there may be much more ...
    2007-09-05 05:58:00

  • OECD warns on US slowdown (FT.com via Yahoo! News)

    The US economy is likely to face a "quite significant" slow­down this year because of the fallout in its subprime mortgage market, which warrants the US Federal Reserve cutting interest rates, the Organisation for Economic Co-Operation and Development said on Wednesday.
    2007-09-05 01:01:50

  • Gov't official: Hit to economy not over (AP via Yahoo! News)

    Congressional Democrats promoting legislative solutions to the mortgage-market crisis said Wednesday that a Bush administration plan doesn't go far enough to protect homeowners who face huge increases in their monthly payments when rates on their adjustable mortgages jump in the months ahead.
    2007-09-05 01:55:29

  • Conventional Mortgage Has Lenders Competing (WallStreet Journal via Yahoo! Finance)

    Lenders are battling for customers with stellar credit who want conventional fixed-rate mortgages, offering fee waivers and a willingness to negotiate on rates.
    2007-09-05 06:32:01

  • Legitimate candidates for no, low-doc mortgages have been hurt by ...

    Maryland Daily Record - She used a low-documentation loan in 2004 to complete a roughly $200,000 refinance of her home. A former Subway franchise owner turned insurance agent, Wright said her income can be irregular, since she largely gets paid on commission. She added ...
    2007-09-05 03:20:00

  • Australian Employers Probably Added Jobs For 10th Straight Month in ...

    Bloomberg - Sept. 4 (Bloomberg) -- Wheat production in Australia, forecast to be the world's third-largest exporter of the grain, may be 18 percent less than a government estimate because of dry weather, a survey of analysts and traders shows. Output may be 18.5 ...
    2007-09-04 04:26:00

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