Mortgage and Financial News From 2007-11-13 Page 12

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  • Rescue League Overflowing With Cats (WMUR New Hampshire)

    The Animal Rescue League in Bedford is looking for homes for dozens of cats and kittens and said there are more on the way.
    2007-11-13 03:22:58

  • AAA: Regular Gas $3.14 Per Gallon In Maine (WMTW Auburn)

    The AAA and the Oil Price Information Service say the average retail price of regular gas in Maine has reached $3.14 a gallon.
    2007-11-13 11:13:23

  • Bush says US has strong dollar policy, but favors market-set exchange ...

    Forbes - ... government would not take any action to ensure a strong dollar by saying he believes the market should set exchange rates. ... He also said he wants mortgage loan forgiveness to be treated as a non-taxable event, and modernize the Federal Housing ...
    2007-11-13 01:49:00

  • Asda bucks Wal-Mart upward trend

    Guardian Unlimited - UK consumer confidence continues to be fragile, Wal-Mart said, with rising mortgage rates starting to affect consumer spending. Poor summer weather also dented sales at the start of the period. The Wal-Mart executive vice-president, Charles Holley ...
    2007-11-13 07:58:00

  • Goldman Sachs rejects rumours over writedowns

    Times Online - Mr Blankfein reaffirmed Goldman’s bearish view on American mortgage markets, where rising default rates and the lack of buyers has wiped out much of the value of mortgage securities and derivatives such as collateralised debt obligations. At the ...
    2007-11-13 01:20:00

  • Real Estate Confidence: Build It Up, But Don't Forget The Facts

    CNBC - I agree that mortgage rates are in the low range, job growth is relatively steady, and the economy continues to chug along despite warnings of recession. But I beg to differ with the Realtors' focus. I think they should be talking about prices ...
    2007-11-13 10:21:00

  • U.K. RICS House-Price Index Falls to Two-Year Low (Update2)

    Bloomberg - Nov. 13 (Bloomberg) -- The Royal Institution of Chartered Surveyors index of U.K. house prices dropped to the lowest level in more than two years in October after rising mortgage rates deterred buyers. The gauge, which is the difference in the ...
    2007-11-13 02:07:00

  • BlackRock's Fink Says Subprime Credit Losses to Rise (Update4)

    Bloomberg - In 1983, while running the fixed-income department, he was one of two bankers to invent a security that repackaged mortgage-backed bonds into new securities with different responses to changes in interest rates, called collateralized mortgage ...
    2007-11-13 01:49:00

  • Shop owners hopeful for holiday season

    Bolivar Commercial - High mortgage rates and steep gas prices may have a lot of people’s pocketbooks extra thin this holiday season and this can be hard on small town businesses. “I think our downtown area does well,” Cleveland-Bolivar County Chamber of Commerce ...
    2007-11-13 11:33:00

  • Dow closes up 319

    MSNBC - Goldman Sachs heartened investors with word that it didn’t expect a significant hit from the subprime mortgage turmoil. Goldman Chief Executive Lloyd Blankfein, speaking at a conference held by Merrill Lynch & Co., said the bank has a short ...
    2007-11-13 02:17:00

  • Wal-Mart's Asda says Q3 sales growth in 'low single digits'

    Forbes - LONDON (Thomson Financial) - Asda, the British supermarket chain owned by Wal-Mart Stores Inc , said third-quarter sales grew in the low single digits, but warned that consumer confidence in the UK continues to be 'fragile' with rising mortgage rates ...
    2007-11-13 07:08:00

  • Credit crunch hits homeowners

    National Post - The credit crisis in financial markets is now starting to hit Canadian homeowners right where they live with higher mortgage rates. In the past four weeks, all of the major banks have quietly moved to cut the discount they provide on mortgages ...
    2007-11-13 02:39:00

  • Wal-Mart shrugs off US gloom

    Times Online - It said that third-quarter sales had grown in the low single digits, but warned that consumer confidence in the UK remains “fragile” with rising mortgage rates starting to impact consumer spending. Wal-Mart’s performance helped boost Wall Street
    2007-11-13 02:53:00

  • MFA Mortgage Investments, Inc. Announces Over-Allotment Exercise of 2 ...

    CNBC - These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans ...
    2007-11-13 01:34:00

  • Mortgage Alliance allows consumers to self-select their own terms, privileges and rates (Investment Executive)

    Independent mortgage brokerage Mortgage Alliance is introducing a new product and process designed to demystify the mortgage pricing for consumers.
    2007-11-13 11:18:21

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