Mortgage and Financial News From 2007-9-1 Page 8

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  • Citigroup Buying Mortgage Unit From ACC (AP via Yahoo! Finance)

    Ameriquest Mortgage Co., once the nation's largest subprime lender, is closing. The company stopped taking new mortgage applications Aug. 1, its parent, ACC Capital Holdings, disclosed late Friday.
    2007-09-01 02:04:29

  • S.C. dodges mortgage mess

    The State - The mortgage woes grabbing headlines nationally are not yet worrying South Carolina ... people are applying for loans, and those who do are getting higher interest rates ... Subprime loans are at the lowest end of the lending spectrum and large Alt-A, which ...
    2007-09-01 03:41:00

  • Thornburg Plans $500 Million of Preferred Stock Sale (Update4)

    Bloomberg - Aug. 30 (Bloomberg) -- Thornburg Mortgage Inc., the jumbo- mortgage specialist that was forced to stop making new loans, plans to help relieve a cash crunch by selling $500 million of convertible preferred stock. The decision follows Countrywide ...
    2007-08-30 12:59:00

  • Honda chief: Fed should cut rates

    Boston Globe - ... top U.S. executive said Friday the Federal Reserve should cut interest rates to ... That would be the lowest annual sales level since 1998 and more than 1 million ... Consumers steered clear of car lots this month as they faced rising mortgage payments ...
    2007-08-31 04:07:00

  • Vacancies down and rents up in Boston

    Boston Globe - Rents and vacancy rates are nearing levels that "invite new construction for the ... the second-quarter vacancy rate for the Boston market was 9.6 percent, its lowest ... watch a volatile stock market and fret that troubles in the subprime mortgage market ...
    2007-09-01 12:02:00

  • Turmoil reduces chance of rise in eurozone rates

    Financial Times - Eurozone interest rates appear even less likely to rise next week after data ... economic sentiment index dropped from 111.0 in July to 110.0 in August - the lowest ... faced by the country's banking sector as a result of the US subprime mortgage crisis.
    2007-09-01 01:54:00

  • Mortgage rates fall to lowest point in 3 months

    MSNBC - WASHINGTON - Rates on 30-year mortgages fell this week to the lowest level in three months. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.45 percent. That was down from 6.52 percent last week and ...
    2007-08-30 08:26:00

  • Zell's Big Dis of L.A. Times

    Slate - The current recovery is slower but presumably more solid. ... [ You think the current mortgage mess/housing bubble isn't as big a deal as the dot.com bubble?--ed I think that.] 10:50 A.M. _____ His Pet Gloat : I wish I could say ...
    2007-08-30 10:56:00

  • Boston mag profile blindsided by Glenn Marshall

    Cape Cod Today - I t’s the journalistic equivalent of a bad dream: Spend a couple months working on a big story, only to have the story explode once you’ve gone to press. A week after Boston magazine’s lengthy look at Glenn Marshall and the ascendant Mashpee ...
    2007-08-31 11:13:00

  • Flaherty defends commitment to auto industry

    Globe and Mail - Higher interest rates, high fuel consumption of pickups, wages and benefits that ... Look at what the Wall Street bloodsuckers just did to the US housing and mortgage ... Robert note who tied for first NOW COMPARE the price tag for both these cars!!!! ...
    2007-08-30 12:59:00

  • Mike Huckabee's unfair tax

    Arkansas Times - We choose to compare the FairTax to income taxes, quoting the rate the same way, because ... pre-income and pre-payroll tax dollars, the tax is the equivalent of allowing mortgage interest to be deductible against payroll taxes today. Interest rates ...
    2007-08-30 12:59:00

  • Poverty is on the rise here

    Northwest Herald - ... Housing Authority, said some of the increase in poverty rates could be traced to the county’s population boom. “There is so much growth in the county and ... when you compare an ... without health insurance, more unemployment, and more mortgage ...
    2007-09-01 05:57:00

  • Peter G. Miller: Buyers skeptical about lender's efforts to push appraisal higher (San Antonio Express-News)

    Q: We're buying a house, and the appraisal came in $21,000 too low. Apparently, the appraiser didn't make accurate adjustments for the lot size.
    2007-08-31 10:30:34

  • Slash insurance costs (Bankrate.com via Yahoo! Finance)

    Save money on insurance without sacrificing coverage with these smart tips.
    2007-08-31 10:00:00

  • BlackRock CEO Larry Fink calls talk of rate cut 'foolish' (Fortune via Yahoo! Finance)

    Before he co-founded money-management firm BlackRock, Larry Fink, 54, was an early pioneer of the mortgage-backed-securities market. Now his firm, which went public in 1999 and merged with Merrill Lynch's investment-management business last year, oversees $1.2 trillion in assets -- and has been advising Wall Street clients reeling from the subprime lending meltdown.
    2007-08-31 01:46:00

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