Mortgage and Financial News From 2007-9-25 Page 7

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  • US Dollar Hits an All Time Low; It Only Gets Worse

    Stockhouse Canada - ... in mortgage payments will lead to an increase in foreclosures, so now may not be the time to be complacent about taking risk. The drop in confidence and home sales only reinforces the need for the Federal Reserve to continue lowering interest rates ...
    2007-09-25 03:18:00
  • Rating agencies in the hot seat

    CNN Money - Critics say the firms failed investors by blessing complex mortgage-backed bonds and ... The rating agencies have responded to the criticism by contending that they only ... There is recognition that the conflicts of interest in the rating industry are ...
    2007-09-25 01:23:00
  • Robert Brenner

    Guardian Unlimited - The mortgage lending and banking turmoil in Britain and America seems to be ... By reducing real short-term interest rates to zero for three years, they facilitated ... security losses that cannot but result from the tide of defaults that has only ...
    2007-09-25 03:25:00
  • Northern Rock poised to postpone payout

    MSNBC - ... brought in Goldman Sachs to advise it on the options for the troubled mortgage bank ... Mateos, a Spanish entrepreneur, had written to Northern Rock expressing interest in ... voters will always blame them for financial crises, and it is therefore only ...
    2007-09-25 04:01:00
  • Surge in home ownership heralds the rise of the Russian middle class

    The Independent - Obtaining a mortgage – "ipoteka" in Russian – is the latest rite of passage for Russian ... This meant not only that many banks were receiving less interest than they had budgeted for, but that they had also been unable to dispense all ...
    2007-09-25 04:22:00
  • Pressure on American Home grows

    Newsday - As Melville-based American Home Mortgage moved to head off the growing list of ... the company's ability to maintain licenses for its servicing business, the only ... Homeowners will not be liable for any penalties or interest that may have been ...
    2007-09-25 04:01:00
  • S&P Affirms AA Ratings for Radian's Mortgage Insurance Subsidiaries

    MSN MoneyCentral - ... rating of A, and the AA insurer financial strength ratings of Radian's mortgage ... patterns, changes in unemployment rates, changes or volatility in interest rates ... undue reliance on these forward-looking statements, which are current only as ...
    2007-09-25 01:45:00
  • BIZ BRIEFS: Mortgage default rate steady, officials says (Sarasota Herald-Tribune)

    The default rate on U.S. mortgages is stabilizing, an American housing official said, adding that she does not expect last week's cut in U.S. interest rates to significantly affect the number of defaults. Speaking on the sidelines of a forum in Singapore, U.S. Housing and Urban Development Assistant Secretary Darlene Williams said the U.S.
    2007-09-25 02:18:34
  • US: mortgage default rate stabilizing (AP via Yahoo! News)

    The default rate on U.S. mortgages is stabilizing, an American housing official said Monday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults.
    2007-09-24 07:05:18
  • IBQ offers ‘mobile mortgage’ service (Gulf Times)

    Business Reporter INTERNATIONAL Bank of Qatar (IBQ) will provide “mobile mortgage facility” for which it has pressed into service a Hummer SUV. IBQ said it planned to use several specially branded cars to offer customers “further banking convenience”.
    2007-09-25 03:49:52
  • S&P Affirms AA Ratings for Radian's Mortgage Insurance Subsidiaries (FinanzNachrichten)

    PHILADELPHIA, Sept. 25 /PRNewswire-FirstCall/ -- Radian Group Inc. ( Nachrichten ) announced today that Standard&Poor's (S&P) has affirmed its senior debt rating of A, and the AA insurer financial strength ratings of Radian's mortgage insurance subsidiaries with a negative outlook.
    2007-09-25 02:26:34
  • US Dollar Hits an All Time Low; It Only Gets Worse (Daily FX via Yahoo! Finance)

    - US Dollar Hits an All Time Low; It Only Gets Worse - Euro Makes New Record High Despite Sharp Drop in Business Confidence - Bank of Canada Dodge Only Mildly Concerned about CAD Strength
    2007-09-25 02:15:32
  • Fannie Mae Prices $1 Billion of Preferred Stock

    Forbes - Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America. SOURCE Fannie Mae
    2007-09-25 01:45:00
  • Hopes for lower US interest rates send stock markets mainly higher

    Edmonton Sun - Toronto's S&P/TSX composite index added 39.34 points to 13,997.62 as optimism about lower rates also helped push the ... Also, the S&P/Case-Shiller home price index released Tuesday shows the decline in U.S. home prices accelerated in July. An ...
    2007-09-25 01:23:00
  • Home prices continue steep decline

    MSNBC - A separate report showed that t he nationwide decline in home prices accelerated ... Economists differ on whether the Fed will cut rates again during two meetings ... Consumer confidence in housing has remained low, while the mortgage market has ...
    2007-09-25 02:06:00