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

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  • Stocks up on central bank liquidity injections

    Edmonton Sun - Federal Reserve sparked a selloff this week by cutting its key interest rate by a quarter point, disappointing investors who ... of bank lending standards in the wake of multibillion-dollar losses from a rising tide of defaults on U.S. mortgage loans ...
    2007-12-12 11:27:00

  • Stocks Erase Sharp Gains Sparked by Fed

    Forbes - Wall Street finished only slightly higher in an erratic session on ... the Fed disappointed Wall Street with a quarter-point cut in interest rates. Many investors had hoped for a half-point reduction to help the economy weather the credit and mortgage ...
    2007-12-12 01:28:00

  • Wolters Kluwer Financial Services to Help Mortgage Servicers Implement ...

    Forbes - MINNEAPOLIS, Dec. 12 /PRNewswire/ -- Wolters Kluwer Financial Services announced today the company can now help mortgage ... the interest rate of their borrowers' existing ARMs for a specified period or modify those ARMs to fixed-rate or interest-only ...
    2007-12-12 08:49:00

  • Ahead of the Bell: Mortgage bill

    Boston Globe - ... Wednesday on legislation that would permit judges to shrink the size of home loans for bankrupt homeowners -- a mortgage ... since 2000 to borrowers with shaky credit, and other nontraditional loans, such as those in which borrowers only make interest ...
    2007-12-12 09:47:00

  • Recruiting Specialist William Ferjo Joins 1st Metropolitan Mortgage

    Forbes - William "Bill" Ferjo, a recruiting specialist, has joined 1st Metropolitan Mortgage ... Interest in MetroBranching has surged as the turmoil in the market has sent many on ... This allows 1st Metropolitan to offer not only a broad range of loan products ...
    2007-12-12 11:55:00

  • Best stocks for 2008

    CNN Money - What distinguishes Annaly from its out-of-favor Wall Street peers is the fact that it doesn't take credit risk, only interest-rate risk. It buys mortgage-backed securities issued by government-sponsored enterprises like Fannie Mae and Freddie Mac; in ...
    2007-12-12 07:02:00

  • How healthy is your medical credit score?

    Dallas Morning News - Mortgage lenders aren't the only ones showing more interest in your credit score these days – the health industry is creating its own score to judge your ability to pay. The new medFICO score, being designed with the help of credit industry giant ...
    2007-12-12 01:28:00

  • China: U.S. Mortgage Crisis a Global Problem (Washington Post)

    XIANGHE, China, Dec. 12 -- On the first day of high-level economic talks, Chinese officials turned the tables on their American counterparts, saying the subprime mortgage crisis that has shaken the U.S. economy and the weakening dollar are as much a problem for the global economy as Chinese excha...
    2007-12-12 06:42:17

  • Mortgage-rate freeze plan is `no silver bullet'

    Daily Breeze - The plan negotiated by the Bush administration to freeze the low introductory rates on subprime home loans appears likely to help only a fraction of the homeowners who face huge jumps in their mortgage payments. Homeowners dialing up their mortgage ...
    2007-12-12 12:03:00

  • Little Xmas cheer on the high street as sales down 4% on the year

    Guardian Unlimited - Worried by the recent financial turmoil in the markets, the outlook for house prices and looming higher mortgage repayments as fixed rates come to an end, many shoppers are either staying home and reining back spending or waiting to pick up bargain ...
    2007-12-12 04:46:00

  • Bank of England Cuts Rates; ECB Holds

    Associated Press - LONDON (AP) -- The Bank of England cut official interest rates for the first time in two years on Thursday, reflecting ... However, the U.S. subprime mortgage market collapse and the subsequent worldwide credit squeeze in the late summer hit Britain ...
    2007-12-12 07:16:00

  • House committee approves mortgage bankruptcy measure opposed by ...

    CNBC - ... the Bush administration unveiled an initiative that would temporarily freeze rates ... Mortgage-industry leaders argue that giving judges this power, which they term a ... have pushed for legislation to extend a bankruptcy judge's power to primary home ...
    2007-12-12 10:01:00

  • The Capital of Slumping Home Sales

    New York Times - ... mortgage rescue plan the federal government puts together, no matter how much further the Federal Reserve cuts interest rates, the worst housing slump on record is going to continue into 2008 and probably beyond. The slump can’t end until home ... mortgage and took out a home ...
    2007-12-12 09:11:00

  • Century 21 looking for offshore home buyers

    News.com.au - ... meeting in the Morrocan city of Marrakech, a push was made to boost US home sales ... Are mortgage companies and real estate companies having some problems? Yes. And it's ... buyers are unwilling to commit, hoping for even lower prices and interest rates. ...
    2007-12-12 12:38:00

  • Canadian economy loaded for bear

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... see a recession taking hold in the United States in the wake of a sub-prime mortgage ... there could be a lot more writeoffs, which could in turn push up interest rates ...
    2007-12-12 07:23:00

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