Mortgage and Financial News From 2007-8-20 Page 11

RSS Feed

Previous Day: 2007-08-19

Return to the mortgage news archive home.

  • Bank may still raise interest rates (Reuters.co.uk)

    LONDON (Reuters) - Mortgage lending, house price inflation and money supply growth accelerated last month, suggesting the Bank of England might still have to raise interest rates this year despite financial market wobbles.
    2007-08-20 11:58:50
  • Mortgage Hunters Keep The Market Strong (Ananova)

    Mortgage lending remained robust in July as homeowners sought out better deals to protect against rising interest rates, figures have indicated.
    2007-08-20 10:43:50
  • Global markets slump again

    Worldnews.com - ... closed 3.71 per cent lower on Friday, with European and Asian shares also plummeting after losses tied to high-risk mortgages ... booming house prices and cheap credit - interest rates have been historically low - the US housing market is now in reverse ...
    2007-08-19 01:01:00
  • latest news

    Marketwatch - It seems that investors who had difficulty valuing (and therefore unwinding) positions in very illiquid markets, such as mortgages or credits, are now getting out of positions where they still can do it," said analysts from Societe Generale.
    2007-08-17 12:06:00
  • The Manhattan Real Estate Slump That Wasn’t

    New York Times - ... estate brokers fretted through an ominously quiet third quarter, many Manhattanites waited for the housing market to reverse ... in light of the recent gyrations in the debt market, which have led to a reduction in the availability of large mortgages and ...
    2007-08-19 09:36:00
  • Subprime lender NovaStar firing 37 percent of staff

    Washington Post - The lender also said it will temporarily stop offering home loans through brokers, and instead continue to offer mortgages ... rose 69 cents to $8.02 on the New York Stock Exchange. They began the year at $106.60, after adjusting for a 1-for-4 reverse ...
    2007-08-17 05:49:00
  • What’s Really Happening to LTC?

    Insurance News Net - Demand for private LTC insurance and reverse mortgages--the two major private financing alternatives for long-term care--will decline even more than already. Why pay premiums or use your home equity if government will provide the services previously ...
    2007-08-19 03:24:00
  • Stocks Rise After Fed Lowers Rate

    Newsday - Any mention of problems at subprime lenders or funds that invested in mortgages has sent stocks skidding, and so have worries that tighter credit will stanch the flood of takeovers, which sent Wall Street to new highs earlier this year. Still, the ...
    2007-08-17 09:10:00
  • Stocks May Grow More Volatile After Fed's Rate Cut (Update1)

    Bloomberg - Subprime mortgages, the ripple effects in other markets -- we don't know where that ends, or have a great idea of how to quantify it. Therefore, we are primed to see moves like we've been seeing.'' To contact the reporter on this story: Eric ...
    2007-08-19 12:58:00
  • Bob Bruss: Ex-Californian discovers another meaning for 'escrow' in ...

    San Antonio Express News - Dear Bob: I have been reading in your articles and elsewhere about reverse mortgages. I am retired and under age 62. My wife is over 62. Can we qualify for a reverse mortgage? — Ronald B. Dear Ronald: To obtain a reverse mortgage ...
    2007-08-18 12:59:00
  • MARKET SNAPSHOT: U.S. Stocks To See More Volatility Next Week (Nasdaq)

    NEW YORK (Dow Jones) -- Stocks will remain volatile next week, although with more of an upbeat tone than in recent times, as investors weigh the effectiveness of the Federal Reserve's surprise cut of its discount rate, a move widely seen as an attempt to diffuse this summer's credit markets crisis, analysts said.
    2007-08-20 12:02:22
  • Wilton Senior Community Day is Sept. 16 (Wilton Bulletin)

    A long-awaited event will arrive on Sunday, Sept. 16, at Cider Mill School, the second Wilton Senior Community Day. From noon until 3, there will be a gathering of the area’s providers of senior health, happiness and security, with a continuous series of demonstrations, displays, discussions, exhibits, entertainment and refreshments, all of it dedicated to enhancing the lives of adults 55 and ...
    2007-08-20 01:09:23
  • Rescue bond portfolio with Treasury ladder (The News Journal)

    If you've been following the turmoil in the credit markets, you have probably assumed that the only thing left of your bond fund is a pair of your manager's smoldering loafers.
    2007-08-20 07:52:52
  • Dont Fight the Fed? Why Not? (Seeking Alpha via Yahoo! Finance)

    Alan Brochstein, CFA submits: Theres an old saying on Wall Street: Dont Fight the Fed. I have heard it often, especially when I was in the bond business. I have always thought that it reflected the inverse correlation between asset prices and the direction of Federal Reserve policy (tighter money means lower [... ]
    2007-08-20 09:52:23
  • The Fed Prepares the Bailout Bucket (Seeking Alpha via Yahoo! Finance)

    Markham Lee submits: The big news on Wall Street Friday was that the Fed cut the discount rate. From Bloomberg: The Federal Reserve unexpectedly cut its discount rate and said it's prepared to take further action to "mitigate'' damage to the economy from the rout in global credit markets.
    2007-08-20 11:31:03