Mortgage and Financial News From 2007-9-25 Page 01

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  • Chicago sales plunge while price data mixed

    Crain's Chicago Business - ... family homes and condominiums were sold in the nine-county Chicago region, compare ... Interest rates were little changed from a year ago. The average rate for a 30-year fixed rate mortgage in Chicago was 6.58%, compared with 6.57% during the same month ...
    2007-09-25 09:49:00

  • The mouse that scored

    Age - Should I put that tax saving (or my tax refund) into the mortgage? This Cannex calculator shows the impact of a ... Should I consolidate my debts? Fill in details of your various debts and the interest rates presently applying and compare the repayments ...
    2007-09-25 09:45:00

  • Kosovo Demands Independence to Attract Investors, Lift Economy

    Bloomberg - Kosovo has been unable to sell the collection of mines and smelters partly because Athens-based Mytilineos Holdings SA holds a mortgage on the assets as the result of a 1997 agreement with Yugoslavia. The mines hold more than 7 million tons of lead ...
    2007-09-25 05:27:00

  • Lennar warns on existing home sales

    MSNBC - Stuart Miller, chief executive of the Miami-based group, said existing home owners had "sat on the sidelines" during a downturn driven by oversupply and the difficulties in securing mortgage finance caused by the subprime crisis.. Builders have ...
    2007-09-25 04:01:00

  • Shares of home lenders slip on two reports showing housing market ...

    CNBC - NEW YORK - Shares of mortgage lenders mostly fell Tuesday after two reports showed the slumping housing market burrowed into a deeper hole this summer. The housing market matters for mortgage lenders because houses act as collateral securing home ...
    2007-09-25 10:32:00

  • Home sales keep sliding

    St. Petersburg Times - The Tampa Bay area ended the summer home-buying season with another report of falling sales and weaker prices. Thanks in part to tougher mortgage standards and a historic real estate glut, the region's single family home sales fell 29 percent year in ...
    2007-09-25 09:09:00

  • Editorial comment: Getting rid of Rock

    Financial Times - The British taxpayer has been in the home mortgage business for a couple of weeks but it is already time to move on. The bail-out of Northern Rock by the Bank of England, which extended a large credit line to the bank, and the Treasury, which ...
    2007-09-25 02:35:00

  • Ross Named Lead Bidder for American Home Service Unit (Update3) (Bloomberg.com)

    Sept. 25 (Bloomberg) -- Wilbur L. Ross Jr., the billionaire investor who's going into the mortgage business, was named lead bidder for the loan-servicing unit of bankrupt American Home Mortgage Investment Corp. with a $435 million purchase offer.
    2007-09-25 04:04:23

  • Home Sales Slip and Builder Reports Big Losses (New York Times)

    Existing home sales in August dropped 4.3 percent and the homebuilder Lennar posted the largest quarterly loss in its history as fallout from the subprime mortgage crisis continued.
    2007-09-25 09:52:20

  • CreditCards.com Provides Credit Card Search Engine to ShopLocal

    Forbes - The CreditCards.com search engine, containing current credit card ... from among a wide range of credit card types, including low-interest, rewards, airline and cash back cards. Under the agreement, a CreditCards.com rate table with the average rates ...
    2007-09-25 03:11:00

  • AP Business NewsBrief at 8:50 p.m. EDT

    CNBC - This time, industry watchers predict that the current strike will be a short one. Both sides have something the other ... lackluster indications about the health of the consumer and the housing market could bolster the case for lower interest rates.
    2007-09-25 05:55:00

  • Lex: US dollar

    Financial Times - A need to rebalance the huge current account deficit has provided a solid long-term case for dollar weakness. The prop of higher-yielding dollars has been eroded by rising interest rates abroad and now pummelled by the Federal Reserve’s half-point ...
    2007-09-25 02:49:00

  • Dodge Says Central Bank Must Gauge Impact of Currency (Update2)

    Bloomberg - ... pushed the currency to 99.57 U.S. cents as of 6:15 p.m. in Toronto, from 99.79 U.S. cents yesterday, on speculation its rally may hamper exports and economic growth and force the central bank to cut interest rates. Dodge said today that the current ...
    2007-09-25 03:18:00

  • Fitch Rates Miami-Dade School District (Florida) $220MM TANs 'F1+'

    Forbes - Fitch Rates Miami-Dade School District (Florida) $220MM TANs 'F1+' 09.25.07, 4:31 ... on April 1, 2008 into a sinking fund that will be sufficient, with interest earnings ... Miami-Dade School District is the nation's fourth largest, with estimated current ...
    2007-09-25 01:31:00

  • Treasury looks to clarify crisis responsibilities

    Financial Times - The current regulatory system was established in 1997 when the Bank of England was given independence to set interest rates and its powers of supervision for individual banks were transferred to the FSA. As ministers and officials debate possible ...
    2007-09-25 01:31:00

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