Mortgage and Financial News From 2007-8-20 Page 18

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  • So how do you get a mortgage these days? (Dallas Morning News)

    NEW YORK – With the mortgage market in upheaval, fewer borrowers are qualifying for loans – and those who do need all-but-pristine documentation and credit histories.
    2007-08-19 01:22:30

  • UAE: Insurance sector growth at double the GDP rate (Zawya)

    20 August 2007 Premiums in the general and life insurance sectors jumped by more than 30 per cent last year, as industry experts forecast the market will grow 18 to 20 per cent per annum for the next three years.
    2007-08-20 04:57:16

  • Poway's participation in program means lower flood insurance rates (North County Times)

    POWAY -- Property owners will pay less for flood insurance now that the city has joined a federal program that rewards communities that take extra steps to manage their flood plains.
    2007-08-20 03:39:53

  • Infantile America

    Enter Stage Right - Yes, unsophisticated home buyers failed to understand what would happen to mortgage payments when interest rates rose. But more fundamentally, they failed to grasp that jobs can be lost, and anticipated salary increases might not come to pass ...
    2007-08-20 03:05:00

  • Fed Cuts Interest Rates; Hawaii Bank Stocks Rally

    KGMB9 - In Hawaii, where real estate prices have held onto most of their value and sometimes even have continued to rise, lower mortgage rates could be a good thing, keeping home sales activity from slowing any further. Hawaii has had hundreds of mortgage ...
    2007-08-17 12:53:00

  • Debt crunch puts mega-buyouts in jeopardy

    Los Angeles Times - ... when they come, will be done at lower prices, at higher interest rates and with more realistic -- that is, harsher -- terms for borrowers. More optimistic analysts say that, while home sales and prices are falling from record highs, rising mortgage ...
    2007-08-20 04:24:00

  • US debt jolts world markets

    Christian Science Monitor - This feature requires a newer version of Macromedia Flash Player and javascript-enabled browser. Reporter Ron Scherer discusses how recent turmoil in global financial markets is impacting US home mortgage rates. New York - Over the past six years ...
    2007-08-17 12:53:00

  • N.Z. Dollar Drops on Concern Maturing Debt Won't Be Reinvested

    Bloomberg - A rout that began in the subprime mortgage market, when borrowers with poor credit started defaulting on their home loans, spread globally in the past two months, sapping demand for corporate bonds, loans, stocks and commercial paper. The credit ...
    2007-08-20 12:56:00

  • A Market Run on Rationality

    Washington Post - The most vivid image amid last week's financial turmoil came from Calabasas , Calif. , home to the nation's biggest mortgage lender, ... softening the terms on which it stands ready to lend to banks and signaling that it will cut interest rates ...
    2007-08-20 04:31:00

  • Mortgage pinch drives Hang Seng focus shift

    Hong Kong Standard - Leung said the intensely competitive mortgage market made it difficult to reap profits from home loans. "There is simply no more room to slash mortgage rates," Leung said. "But we are still seeing mortgage rates going lower and lower." Leung said the ...
    2007-08-19 07:41:00

  • REVERSAL OF FORTUNE

    Akron Beacon Journal - The exact amount depends on such factors as the borrower's age, the type of reverse mortgage, the home's value and current interest rates. The older the borrower, the more money that person will get. ''A 62-year-old might get 45 percent of the ...
    2007-08-20 04:17:00

  • UPDATE: HKMA Won't Cut Rates; No Lockstep With Fed This Time

    FXStreet.com - Home > News > Forex News Send Print Add To UPDATE: HKMA Won't Cut Rates ... HKMA Won't Cut Rates; No Lockstep With Fed This Time By Jackie Cheung Of DOW ... Kong hasn't been immune to the market turmoil sparked by the U.S. subprime-mortgage ...
    2007-08-20 04:38:00

  • Home improvement loan interest rates (Detroit Free Press)

    Bank Rate Type Months Charter One 7.54% F 120 Comerica 7.49% F 60 LaSalle Bank Midwest 7.10% F 120 F=fixed; V=variable; Source: Free Press research Rates vary slightly with amount of loan
    2007-08-19 07:37:10

  • Market Insights: Jeff Underwood

    East Valley Tribune - However, with what’s happening in the industry, there’s no subprime (loan options) to refinance most of these clients into a different loan. Q: IS THE FACT THAT HOME PRICES ARE DROPPING ALSO HAVING AN IMPACT ON THE SITUATION? A: Yes. Anybody that ...
    2007-08-18 12:59:00

  • Make My Day

    American Reporter - Some of the more persistent readers ask me if I would like to refinance my home, buy male enhancement pills, or tell me that they know of another reader - usually a hot Russian woman - who want to meet me. It's feedback like this that makes my ...
    2007-08-18 05:31:00

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