Mortgage and Financial News From 2007-12-23 Page 01
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While properties crumbled, bankers looked the other way
HamptonRoads.com - It seemed like the perfect opportunity: a home mortgage lender that required no proof of income, wealth or employment from its borrowers. For Cary McEntee and his company, CM Development, Long Beach Mortgage's "no doc" loans made it much easier to ...
2007-12-23 08:54:00 -
Fewest first-time home buyers for years
Reuters UK - LONDON (Reuters) - The number of first time house buyers has fallen to the lowest level since 1980, with average homes now unaffordable in most towns, the country's biggest mortgage lender Halifax says. HBOS's (HBOS.L: Quote , Profile , Research ...
2007-12-23 11:17:00 -
Fewest first-time home buyers for years (Reuters.co.uk)
LONDON (Reuters) - The number of first time house buyers has fallen to the lowest level since 1980, with average homes now unaffordable in most towns, the country's biggest mortgage lender Halifax says.
2007-12-23 11:38:21 -
SBC DSL--Promises Made, Promises Kept?
BusinessWeek - ... to twenty years now and have never seen a technology company act in anybody's interest ... I was at least expecting my previous rates of 768/300 or so. Now, here's the catch ... CD which contains speed performance software (what the heck?) 6. My extension ...
2007-12-15 03:55:00 -
Gulf must not Rush to Revalue’
Saudi Gazette - We are sticking with the current policy," he said. The dollar pegs force Saudi Arabia ... The US Federal Reserve has cut rates by 100 basis points since September 18 to contain the fallout from a mortgage crisis, and Gulf central banks are following ...
2007-12-23 09:01:00 -
Person of the Year: Jean-Claude Trichet
Financial Times - As the ripple effects of the collapsing US subprime mortgage market caused global ... to test a still-shaky eurozone economy by raising eurozone interest rates in ... the ECB with credibility and helmsmanship skills that will long outlast the current ...
2007-12-23 05:04:00 -
GLOBAL MARKETS-Stocks rise on US slowdown relief; dollar firm
Guardian Unlimited - ... even as rivals face write-downs and other problems from the subprime mortgage crisis ... Brown Ltd fell as doubts lingered about their ability to do deals in the current ... may limit the extent to which the Federal Reserve can lower interest rates.
2007-12-23 05:40:00 -
World economies
DAWN Group - ... slowdown in the US economy and potential spillover from the subprime mortgage crisis ... expect it to slow to a barely discernible 1.5pc or even less in the current quarter ... However, greater flexibility in exchange rates, a better investment climate and ...
2007-12-23 09:22:00 -
Interest rate and petrol rises don't deter shoppers
News.com.au - In the current environment there is job confidence and job certainty." ARA executive director Richard Evans said traditional dampeners such as interest rates and rising petrol prices had not put ... Shoppers' exuberance could also cause mortgage holders ...
2007-12-23 06:52:00 -
Candidates, answers please
St. Petersburg Times - ... by lower taxes and greater spending is being threatened by the subprime mortgage ... better to phase out deductions and credits, broaden the tax base and lower rates ... should continue to be collected after the first $97,500 in income, the current ...
2007-12-23 09:08:00 -
Forex - Dollar little changed vs yen, euro ahead of US holiday retail ...
Forbes - ... increasingly worried about the impact of the mortgage ... while the euro may move in a tight range at current levels, he said. 'We don't expect any changes in the monetary policy of the European Central Bank.
2007-12-23 09:51:00 -
HOPE NOW program can help subprime borrowers
Polk Online - Refinancing an existing loan into a new private mortgage; 2. Moving them into an FHASecure loan; or 3. Freezing their current interest rates for five years.ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ The president launched the Federal Housing ...
2007-12-23 07:42:00 -
Fine line: Shielding elders' money, and independence
International Herald Tribune - ... live with the consequences, or they don't, in which case they shouldn't be managing their own finances," said Terry Dyer, president of Jett Financial Services, a defendant in Pyle's suit. Dyer said his company, which helped Pyle refinance his home ...
2007-12-23 09:44:00 -
AP Business NewsBrief at 9:37 a.m. EST
CNBC - In a year where most investment banks lost billions of dollars on bad bets in the mortgage industry, Goldman Sachs Group Inc.'s chief ... potentially providing the nation's biggest brokerage with badly needed cash amid billions of dollars in credit ...
2007-12-22 06:36:00 -
Fair Isaac's new credit score to be more forgiving
Charlotte.com - ... for more-accurate measures of credit risk, in part because of rising loan defaults as subprime mortgages go bad ... FICO 08 gives more points to consumers who maintain a variety of credit types, such as credit cards, a mortgage and auto loan, because ...
2007-12-23 11:14:00