Mortgage and Financial News From 2007-8-27 Page 21
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10 Escape Home When Fire Breaks Out (KETV 7 Omaha)
Ten people were home when a fire started inside a house near 25th Street and Kansas Avenue Saturday night.
2007-08-26 02:24:38 -
How Much Impact Could Freer GSEs Really Have?
American Banker Online - With the secondary market still intensely averse to many classes of mortgage paper ... The problem is that the secondary market has seized up and the only other thing ... Ofheo has not shown any interest in easing GSE restrictions. Intense interest exists ...
2007-08-27 02:00:00 -
Mortgage mess could have silver lining for tech IPOs
Austin American-Statesman - ... capitalists are arguing that the fragile momentum could be bolstered by the problems that mortgage ... The logic is being echoed in Silicon Valley, albeit somewhat sheepishly given the self-interest involved and the fact that there is only one ...
2007-08-26 11:22:00 -
The Fed's subprime solution
International Herald Tribune - The subprime mortgage crisis of 2007 is, in fact, a credit crisis - a worldwide disruption in lending and borrowing. It is only the latest in a long succession of such ... has so far refused to reduce the federal funds rate, the main interest ...
2007-08-26 11:37:00 -
As Bernanke Retreats to Wyoming, Critics Ask Is He Prime Time
Bloomberg - Now, as he resists demands to cut the benchmark interest rate, the faultfinding, some from former Fed policy makers, has ... Still, Frank says, ``I am troubled that he is too much of an `inflation-is-the-only-issue' chairman.'' Senate ...
2007-08-26 11:44:00 -
Erdogan, Gul Widen Army Rift, Gain Freer Hand on Turkish Sales
Bloomberg - He says loan issuance will expand about 25 percent this year and 35 percent in 2008 as interest rates drop. The central bank ... On Tuesday, in the third round of voting, Gul will need only a simple majority, instead of the two-thirds majority required ...
2007-08-27 12:12:00 -
Commercial property feeling credit fallout
San Francisco Gate - In recent years, commercial real estate prices have been driven up by buyers such as Blackstone and Tishman, who were able to bid up prices as long as lenders of commercial mortgage-backed securities were offering low-rate, interest-only financing ...
2007-08-26 11:37:00 -
Robert Novak: Cloud of fear hovering over housing market
San Gabriel Valley Tribune - This banker wants help from Washington, not only the Fed's interest rate cuts but also additional assistance from Freddie Mac (supporting the secondary mortgage market) and Fannie Mae (lending to the primary mortgage market). Although the FOMC's ...
2007-08-27 01:31:00 -
Impact Of Mortgage Crunch Spreads (WSB-TV 2 Atlanta)
The cracks in the housing market's foundation are widening as home prices decline and interest rates climb.
2007-08-26 09:20:44 -
Mortgage Crunch Impact Spreading (NBC 5 Chicago)
As home prices decline and interest rates climb, the cracks in the housing market's foundation are widening.
2007-08-26 09:23:38 -
Crunch makes mortgages tougher to get (Boston Herald)
The mortgage credit crunch not only is affecting interest rates that homebuyers are quoted, but is triggering changes in less visible areas such as minimum credit scores, geographic location and type...
2007-08-26 06:52:11 -
Mortgage banking bust broadens (Everett Herald)
CHARLOTTE, N.C. — At the North Carolina offices of mortgage lender HomeBanc Corp., Archie Clark is the only employee left. But in a few days, he'll be gone, too.
2007-08-26 07:16:11 -
Mortgage foreclosures up, but British housing market still strong
San Diego Union-Tribune - The Council of Mortgage Lenders said lenders have repossessed a record 14,000 properties in 2007, or 30 percent more than the same time last year. It said 125,000 other households are behind in their mortgage payments. Personal bankruptcies are at ...
2007-08-24 12:59:00 -
Schumer, Klein: crackdown on 'unethical' lenders
WABC - (New York - WABC, August 26, 2007) - The escalating mortgage crisis has prompted local lawmakers to call for a crackdown on unscrupulous mortgage firms. One study shows foreclosures in the five boroughs are up by 80 percent since February. Eyewitness ...
2007-08-26 11:08:00 -
Gateway Funding keeps on fighting
Philiy.com - So far this year, mortgage lenders have announced plans to cut nearly 40,000 jobs, according to Challenger, Gray & Christmas Inc., a Chicago consulting firm, and news reports. Fifteen lenders have sought bankruptcy protection since December and at ...
2007-08-27 12:55:00