Mortgage and Financial News From 2007-9-15 Page 17
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Mortgage mess could hit home for Oregonians
OregonLive.com - Delinquencies could increase if borrowers don't have enough income to cover the higher payments or aren't able to refinance the loan, said Cory Streisinger, director of the state Department of Consumer and Business Services. On the whole, the home ...
2007-09-14 11:59:00 -
Cambridge Provides $9.8 Million HUD Loan to Refinance Skilled Nursing ...
PR.com - ... PR.com )-- Cambridge Realty Capital Companies, one of the nation’s leading senior housing/healthcare lenders, has provided a $9.8 million FHA-insured permanent mortgage HUD loan to refinance Regency Healthcare Center, a 244-bed skilled nursing home ...
2007-09-14 11:52:00 -
ALL BUSINESS: Creative accounting could ease banks' earnings hit from ...
CNBC - NEW YORK - Wall Street's banking titans have a history of being slow to acknowledge bad news. Don't count on them to ... Should the Federal Reserve begin to cut interest rates next week, that could breathe some life back into credit and mortgage markets.
2007-09-14 10:52:00 -
Global credit crunch reaches new dimension
International Herald Tribune - LONDON : A bailout of a big British mortgage bank caused shudders among account-holders ... raise funds from its usual sources - capital markets - because of the global credit ... system in recent weeks could encourage "excessive risk-taking" by rewarding bad ...
2007-09-14 11:49:00 -
Dow Jones Industrials Rise More Than 130
The Ledger - ... who have been nervous about the economic fallout from rising mortgage defaults and tightness in the credit markets, were relieved to hear Countrywide - the nation's largest mortgage lender - secured $12 billion in credit. "It may not be as bad as ...
2007-09-14 02:52:00 -
Prepare for bad news: house prices are going to drop
Times Online - ... between the world’s leading central banks over how best to respond to the credit ... Suppose, even more likely, that mortgage lending has actually been more conservative ... bad news???? Bring it on!!! This is what virtually everybody under 30 have been ...
2007-09-14 03:10:00 -
Fickle Hollywood, fleeting credit
Boston Globe - NEW YORK -- A mortgage crisis on Wall Street could be playing soon at the neighborhood theater, if tighter debt market ... In the past few months, rising defaults on subprime mortgages, which are home loans to people with bad credit, have caused ...
2007-09-14 01:58:00 -
For signs of hope in mortgage-lending arena, look to past
Rocky Mountain News - The lack of money to purchase pools of mortgage loans then had the ripple effect in the shorter-term lines of credit that mortgage ... Interest rates move in both directions, and we feel the effects of those movements, good and bad. We have just ...
2007-09-14 10:55:00 -
BANK CRISIS TRIGGERS SCRAMBLE FOR SAVINGS
Daily Express - But Northern Rock chief executive Adam Applegarth made it clear his company won’t be the only casualty of the current credit crunch. “This is bad news for everybody,” he said. “All bank mortgage rates are going to be higher because they are ...
2007-09-14 09:00:00 -
Not all mortgage news scary, economist says
Billings Gazette - He was referring to the subprime mortgage market, where loans to people with marginal credit were repackaged and eventually resold as securities. ... The bad news is that crude oil prices topped $80 a barrel this week and there's a slowdown in ...
2007-09-15 12:06:00 -
Advice by Kenneth Harney : Nationally, foreclosure situation is not ...
Arizona Daily Star - In some states, the mortgage crisis is particularly severe. In Ohio, 5.2 percent of ... But from a national perspective, how bad is the situation? The answer is: Not as ... In other words, among mortgages made to borrowers with good credit at application ...
2007-09-15 12:14:00 -
Swiss shares broadly lower in afternoon trade on fresh credit market ...
Forbes - ... Share prices were broadly lower in afternoon trade in-line with markets across Europe, with news that UK mortgage lender Northern Rock has been forced to seek emergency funding from the Bank of England prompting fresh credit market concern. The bad ...
2007-09-14 08:00:00 -
EU finance ministers, bankers try to assuage credit crisis jitters ...
MSN UK News - EU finance ministers, bankers try to assuage credit crisis jitters ... Meeting for the first time since the collapse of the U.S. subprime mortgage market ... Bad week? is our round-up of who had a week to remember and who had seven days ...
2007-09-14 05:18:00 -
Wall Street edges higher, shakes off credit fears
News.com.au - These showed generally soft conditions but not as bad as some had feared. "The consumer confidence report ... Countrywide Financial rose 2.59 per cent to 19.42, as investors dismissed the impact of the British credit problems on the US mortgage group ...
2007-09-14 06:23:00 -
British mortgage bailout worries investors (Reuters via Yahoo! Asia News)
NEW YORK, Sept 14 (Reuters) - Wall Street grew anxious on Friday after news that Britain's central bank was forced to rescue mortgage lender Northern Rock , suggesting a global credit crisis was spreading.
2007-09-14 09:36:31