Mortgage and Financial News From 2007-9-1 Page 15
Previous Day: 2007-08-31
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Bush Proposes Subprime Mortgage Reforms
FOX News - FHA officials said another 20,000 people would be helped by a new type of risk-based pricing for its loan guarantees that will allow lower income mortgage holders to qualify by paying slightly higher rates. This change, which will require the FHA to ...
2007-09-01 12:35:00 -
Savings rates hit six-year highs as banks try to attract deposits
Financial Times - Ray Boulger, senior technical manager at mortgage broker John Charcol, said these rates demonstrate the banks' need for funds following the credit crunch. "If Nationwide is paying 6.7 per cent and Halifax nearly 6.6 per cent, but both have a two-year ...
2007-09-01 01:54:00 -
Fending Off The Mortgage Crunch
Washington Post - During the real estate boom, many mortgage companies were willing to make loans -- often adjustable-rate mortgages with low introductory rates that increase after two or three years -- to people with spotty credit, known as subprime borrowers, or ...
2007-09-01 04:46:00 -
Fitch Rates $589.1MM Structured Asset Mortgage Investments II Trust ...
Forbes - Credit enhancement (CE) for the 'AAA' rated classes A-1, A-2 and A-3 certificates reflects the 9.25% CE provided by the 2.30% class B-1, 1.10% class B-2, 0.75% class B-3, 0.65% class B-4, 0.80% class B-5, 0.95% class B-6, 0.50% class B-7 and the 2.20 ...
2007-08-31 07:42:00 -
Crisis may push up mortgages, says loans chief
Financial Times - Subprime lenders such as Northern Rock, Edeus, Mortgage PLC and Kensington have been lifting their mortgage rates in the global credit crunch. This sector - which lends to people with poor credit histories - comprises about 9 per cent of total UK ...
2007-09-01 01:54:00 -
Bush offers housing help
St. Petersburg Times - President Bush extended a helping hand Friday to thousands of homeowners caught in the financial bind of escalating mortgage rates. It's a limited offer to people with good credit and steady jobs, but it's a sign that the federal government can no ...
2007-09-01 05:14:00 -
US mortgage rates unchanged on Friday -BestInfo
Reuters - NEW YORK, Aug 31 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points was unchanged on Friday at 6-5/8 percent, according to BestInfo Inc. If the mortgage market on Tuesday continues in its current direction, rates may rise ...
2007-08-31 08:10:00 -
Hawaii mortgage interest rates down (BizJournals)
Hawaii's three largest banks dropped rates on 30-year fixed interest mortgages again this week.
2007-08-31 10:39:56 -
Mortgage rates drop to lowest level in 3 months (The Providence Journal)
WASHINGTON (AP) — Rates on 30-year mortgages fell last week to the lowest level in three months.
2007-08-31 11:46:08 -
Fitch Rates $589.1MM Structured Asset Mortgage Investments II Trust 2007-AR5 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch rates Structured Asset Mortgage Investments II Trust 2007-AR5 asset-backed certificates as follows: $546.67 million classes A-1, A-2, and A-3 senior certificates 'AAA'; $13.86 million class B-1 'AA+'; $6.63 million class B-2 'AA'; $4.52 million class B-3 'AA-'; $3.92 million class B-4 'A+'; $4.82 million class B-5 'A'; $5.72 million class B-6 'BBB'; $3.01 million class B-7 ...
2007-08-31 07:40:00 -
Auto sales headed in reverse
Fort Lauderdale Sun-Sentinel - Auto sales headed in reverse 2007 could mark worst showing in almost a decade By Dee-Ann Durbin ... CSM Worldwide , said consumer debt has risen 13 percent over the last past years, triggered by rising adjustable rate mortgages
2007-08-31 05:30:00 -
Ohio can’t reverse every bad decision
Salem News Online - Ohio can’t reverse every bad decision Ohio is among states hit hardest by the bursting bubble of adjustable-rate mortgage ... Ohio has the nation’s third-highest rate of foreclosures on home mortgages. That is an indication that many Buckeye State ...
2007-08-31 10:23:00 -
Debt among seniors a growing concern
Post-Star - While debt management plans and reverse mortgages are options for seniors already in debt, Ellithorpe, Quaresima and Turner offered some advice for their peers who aren’t facing a difficult situation yet. Avoiding debt "My husband had a good idea ...
2007-08-31 12:58:00 -
Help offered to Lifestyle Security clients
Scoop - Westpac New Zealand offers help to Lifestyle Security clients Westpac New Zealand says holders of reverse equity mortgages with Lifestyle Security, part of Property Finance which has been placed in receivership, will have all upfront fees waived if ...
2007-08-31 04:25:00 -
Stocks give up some gains
Seattle Post Intelligencer - The major indexes, up sharply on optimism about a rate cut before Bernanke's speech, pulled back but were still up on an expected announcement by President Bush of a plan to help borrowers facing trouble paying their mortgages. The Dow Jones ...
2007-08-31 02:12:00
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