Mortgage and Financial News From 2007-12-24 Page 01
Previous Day: 2007-12-23
Return to the mortgage news archive home.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
16 17 18 19
-
Even in a credit crunch, temptation to refinance is strong
Fort Lauderdale Sun-Sentinel - Despite the mortgage meltdown, the blizzard of advertising for home loans continues. With the subprime market in tatters in the wake of record defaults and foreclosures, fewer pitches scream, "Bad credit? No problem!" Instead, lenders struggling to ...
2007-12-24 10:47:00 -
More lenders pursuing homeowners after foreclosure is ended
HULIQ.com - Mortgage lenders are going after borrowers after the foreclosure is completed, according to research by expert Richard Geller, noted mortgage and real estate expert. "Homeowners often let their house go to foreclosure if they owe more than it's worth ...
2007-12-24 10:37:00 -
Pennsylvania slowdown to continue in ’08
Times-Leader - Builders reported flagging sales, mortgage insurers posted losses and mortgage lenders closed branches. More hurt is on the way in 2008 — especially as the economy cools. “It’s going to be another tough year,” said Kevin Gillen, vice president ...
2007-12-24 06:15:00 -
Bahrain plans new mortgage loan law
Zawya.com - 25 December 2007 Rule to minimise risk factor for lenders to 70% In the backdrop of a sub-prime mortgage crisis in the US which squeezed credit markets worldwide, causing losses in billions of dollars, Bahrain is likely to become the first country in ...
2007-12-24 09:21:00 -
Officials say they are buried in mortgage fraud cases
Houston Chronicle - The number of mortgage fraud cases has grown so fast that government agencies that investigate and prosecute them cannot keep up, lenders and law enforcement officials have said. Reports of suspected mortgage fraud have doubled since 2005 and ...
2007-12-24 10:33:00 -
Probe of predatory lenders - Borough’s housing foreclosure crisis sparks reaction (Fort Greene Clinton Hill Courier)
In a crowded room on a quiet morning in the City Hall Council Chambers recently, city council members, policy makers and other interested parties gathered to hear testimony at the Oversight Hearing on the scope of the predatory lending and mortgage foreclosure crises afflicting New York City.
2007-12-24 12:26:41 -
Bahrain plans new mortgage loan law (Zawya)
In the backdrop of a sub-prime mortgage crisis in the US which squeezed credit markets worldwide, causing losses in billions of dollars, Bahrain is likely to become the first country in the region to introduce a new framework minimising the risk factor for lending institutions to a maximum to 70 per cent.
2007-12-24 09:39:06 -
How lenders can foil suits (The Record)
Washington Mutual's shares are trading at less than half of what they were a year ago, as the Seattle-based lender, like so many others, struggles through the subprime mortgage market meltdown.
2007-12-24 01:59:24 -
Officials Say They Are Falling Behind on Mortgage Fraud Cases (New York Times)
Reports of suspected mortgage fraud have doubled since 2005 and government agencies that investigate and prosecute such cases say they cannot keep up.
2007-12-24 04:40:23 -
Officials say they are buried in mortgage fraud cases (Houston Chronicle)
The number of mortgage fraud cases has grown so fast that government agencies that investigate and prosecute them cannot keep up, lenders and law enforcement officials have said.
2007-12-24 10:43:56 -
Bank of Canada injects C$205 mln into market
Reuters - TORONTO, Dec 24 (Reuters) - The Bank of Canada injected C$205 million ($208 million) into markets on Monday to lower the overnight interest rate toward the central bank's target and improve liquidity. The bank operates through Special Purchase and ...
2007-12-24 10:22:00 -
Yen rebounds on profit-taking in thin trade
Guardian Unlimited - Sterling was under pressure at 72.85 pence near a record low against the euro hit on Monday after weak British housing data reinforced expectations for more interest rate cuts by the Bank of England in 2008, possibly as soon as January. (Editing by ...
2007-12-24 06:43:00 -
Japan's Bonds Fall for 3rd Day as Rally in Stocks Cuts Demand
Bloomberg - The odds the BOJ will raise rates by the end of September are 22 percent, according to calculations by JPMorgan Chase & Co. using overnight interest-rate swaps. The central bank kept the benchmark overnight lending rate unchanged at 0.5 percent last ...
2007-12-24 10:11:00 -
Pound hits all-time low against euro on housing fears and talks of a ...
CNBC - The Bank of England cut its key interest rate a quarter-point to 5.5 percent earlier this month amid fears the fallout from the U.S. subprime crisis would hurt economic growth by making it harder for companies and consumers to borrow money. Lower ...
2007-12-24 08:14:00 -
What is your outlook on interest rates?
Economic Times - Interest rates are unlikely to see a sharp rally hereon. We will see some range-bound interest rate movement. India is still reeling under inflationary pressures; M3 (the total volume of money circulating in the economy) remains high... and the RBI ...
2007-12-24 05:32:00