Mortgage and Financial News From 2007-9-1 Page 12

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  • Bush offers ideas for credit crisis (Daily News Journal)

    The nation's widening credit crisis demands a broader government response than President Bush outlined on Friday to control the threat of mortgage loan defaults, housing advocates and mortgage bankers who track lending in Middle Tennessee said.
    2007-09-01 08:12:03

  • U.S. Stocks Rise on Bush Mortgage-Aid Plan; Fannie Mae Gains (Bloomberg.com)

    Aug. 31 (Bloomberg) -- U.S. stocks rallied, extending their first monthly advance since May, after President George W. Bush pledged to help curb mortgage defaults and stem losses in credit markets.
    2007-08-31 07:29:57

  • Nashville lenders want Bush to do more to ease credit crisis (The Tennessean)

    Housing advocates and mortgage bankers who track lending in Middle Tennessee say the nation's widening credit crisis demands a broader government re sponse than President Bush outlined Friday to control the threat of mortgage loan defaults.
    2007-09-01 07:03:22

  • Citigroup in deal for subprime mortgage assets

    Marketwatch - SAN FRANCISCO (MarketWatch) -- Citigroup Inc. late Friday said it had acquired the wholesale mortgage origination and ... To have completed this transaction in the current business environment with a leading financial institution such as Citi is ...
    2007-08-31 12:58:00

  • Business Events for the Coming Month

    FXStreet.com - Freddie Mac, the mortgage company, reports on mortgage rates. CAMDEN, N.J. -- Campbell Soup Co. reports fourth-quarter financial ... WASHINGTON -- Commerce Department issues retail sales for August, current account for second quarter, business ...
    2007-08-31 10:19:00

  • H&R Block renegotiating sale of mortgage arm

    Globe and Mail - WASHINGTON -- H&R Block Inc. 's planned exit from the collapsing subprime mortgage ... closing requirements waived and try to get Cerberus to close before the current ... Freddie Mac said it is seeing higher delinquency rates on the East and West ...
    2007-08-31 02:19:00

  • Honda exec sees 3 percent rise in 2007 U.S. sales

    Reuters - ... would benefit from new products such as the upcoming Accord sedan despite concerns about the housing market and the subprime mortgage crisis. Still, Mendel said he agreed with experts calling on the Fed to cut interest rates. "In light of the current ...
    2007-08-31 09:22:00

  • Countrywide Gets Boost From BofA

    US News and World Report - ... as it tries to outlast the credit crunch squeezing Wall Street and the mortgage ... sweet-talked and misled by Countrywide agents only to face jacked-up rates and ... If Bank of America were to convert its stock under Countrywide's current share ...
    2007-09-01 04:31:00

  • President Bush outlines sub-prime mortgage plan

    News.com.au - The recent disturbances in the sub-prime mortgage industry are modest, they're ... to allow homeowners with good credit history, but who cannot afford their current ... Sub-prime crisis: ANZ flags possible rates move Racing: Gambling stocks hit hard ...
    2007-08-31 11:23:00

  • Federal Reserve is set to act if chaos widens

    Houston Chronicle - And he drew a tighter link between the Fed's next move on interest rates and what happens to the housing market. "Obviously, if current conditions persist in mortgage markets, the demand for homes could weaken further, with possible implications for ...
    2007-09-01 06:40:00

  • MORTGAGE LENDING: Help for fragile housing market (Atlanta Journal-Constitution)

    Washington —- President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks. Housing analysts said it was highly likely the limited steps Bush outlined will be expanded in coming weeks by a Democratic-controlled Congress intent on responding to growing voter anxiety as up to 2 ...
    2007-09-01 07:05:44

  • Bush unveils modest mortgage proposals (AP via Yahoo! News)

    President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.
    2007-09-01 05:57:16

  • Reserve Bank of Australia Struggles to Curb Rising Rates

    CNBC - ... banking system with less money than its estimated need, as it struggled to ease upward pressure on some market interest rates. ... The widening spread between overnight cash and term money serves to illustrate the nature of the current problem, and the ...
    2007-08-30 12:59:00

  • Fitch Rates San Luis Obispo County Fin Auth, California's $206.4MM ...

    Forbes - ... from the Nacimiento Reservoir to provide a new water source to serve the current ... authority by gross water revenue, ability and willingness to raise water rates ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-08-31 07:27:00

  • Bush pledges to help troubled homeowners

    Miami Herald - ... more than two million Americans who are expected to lose their homes as low introductory interest rates ... allow an estimated 60,000 homeowners who have good credit ratings but can't afford their current payments to refinance at more favorable rates ...
    2007-09-01 06:54:00

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