Mortgage and Financial News From 2007-12-12 Page 11

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  • Toyota Exec Says US Sales to Grow in '08

    Forbes - I think the sense is the first half of the year is going to be probably below that number and the second half of the year ... he said a combination of the rising cost of fuel, fallout from the shaky housing market and challenges over subprime mortgages ...
    2007-12-12 01:36:00

  • Yuan Rises to Highest Since End of Peg as Paulson Seeks Gains

    Bloomberg - The U.S. dollar has weakened against 15 of the 16 most active currencies this year as credit-market losses tied to U.S. subprime mortgages spread. China is the second-biggest holder of Treasuries after Japan, holding about $397 billion. ...
    2007-12-12 02:08:00

  • Toronto stocks set for Fed-talk rebound

    Reuters Canada - Reports on Wednesday suggested the U.S. central bank could inject new liquidity to auction loans and banks, which have been hit hard in the second half of this year after defaults on U.S. mortgages led to a global credit crunch. The TSX financials ...
    2007-12-12 06:19:00

  • Spain's sinking property market might send ripples across Europe

    International Herald Tribune - Last month, Banco Bilbao Vizcaya Argentaria, the second largest Spanish bank after Banco Santander, reportedly was able to sell just a quarter of a €6.3 billion bond issue backed by mortgages and corporate loans. Bankinter pulled a sale of at least ...
    2007-12-12 11:48:00

  • Lenders Putting Low Earners At Risk

    Sky.com - The Office of Fair Trading rules on second mortgages are out of date and not always enforced, and loans over £25,000 are currently not regulated at all. The group is calling for tougher enforcement of existing regulations, and for the same rules to ...
    2007-12-11 11:02:00

  • A break from tuition anxiety

    Boston Online - AS NEARLY everyone knows, college costs have soared. One year at Harvard and other private colleges costs about $50,000. Some parents cope by taking out second mortgages. To others, the high price tag looks like a "do not enter" sign, and they steer ...
    2007-12-12 05:15:00

  • Deal reached with mortgage industry for five-year rate freeze (Siskiyou Daily News)

    WASHINGTON (AP) - Hundreds of thousands of strapped homeowners could get some relief from a plan negotiated by the Bush administration to freeze interest rates on subprime mortgages that are scheduled to rise in the coming months.
    2007-12-12 10:18:33

  • European Stocks Drop; Barclays, SocGen, BHP Billiton Decline (Bloomberg.com)

    Dec. 12 (Bloomberg) -- European stocks fell for a second day, led by banks and mining companies, after the U.S. Federal Reserve said growth in the world's largest economy is slowing.
    2007-12-12 06:13:58

  • House Panel Approves Bankruptcy Bill (AP via Yahoo! Finance)

    Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court.
    2007-12-12 12:44:57

  • H&R Block posts $500M loss in second quarter (Portsmouth Herald)

    KANSAS CITY, Mo. — H&R Block Inc. on Tuesday issued preliminary fiscal second-quarter financial results showing a $502.3 million loss largely because of increasing costs of closing its subprime mortgage business.
    2007-12-12 03:12:05

  • Mortgages not to hit UAE bank profits much-cenbank (Reuters via Yahoo! Singapore News)

    ABU DHABI, Dec 12 - Exposure to mortgages by banks in the United Arab Emirates is limited and will not affect their profits in 2007, the UAE central bank governor said on Wednesday.
    2007-12-12 09:01:46

  • Economic Gloom Makes New Election Issue

    Forbes - ... for gasoline and home heating oil, stock market volatility and rising mortgage ... facing possible foreclosures because they are not able to afford scheduled interest ... Only 13 percent said they expect improvement, a disparity that the organization ...
    2007-12-12 01:07:00

  • The real question in the mortgage crisis

    San Francisco Gate - The real question in the mortgage crisis Editor - Housing ownership remains a ... generation tempers us to remember: to what extent is it in the national interest for ... the pro-war camp sees war as the solution to all problems, with diplomacy only ...
    2007-12-12 05:07:00

  • House panel OKs bankruptcy relief for homeowners

    Dallas Morning News - We can't simply leave it to the mortgage companies to fix this problem on their own," Conyers said. The bankruptcy legislation focuses on subprime and so- called non-traditional loans, such as interest-only mortgages, issued since ...
    2007-12-12 01:00:00

  • China: U.S. Mortgage Crisis a Global Problem

    Washington Post - ... turned the tables on their American counterparts, saying that the subprime mortgage ... industrial economy -- was, as Paulson said, "central to each nation's interest and ... China to allow its currency to rise in value against the dollar -- not only for ...
    2007-12-12 06:05:00

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