Mortgage and Financial News From 2007-11-13 Page 2

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  • Countrywide Foreclosures Double in Servicing Business (Update3)

    Bloomberg - Nov. 13 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender ... mitigating the consequences our borrowers are facing as a result of the current ... more funds to maintain its ratings and is paying above-average interest rates on ...
    2007-11-13 11:40:00
  • JGB futures fall from 21-mth high as stocks rebound

    Guardian Unlimited - ... Toshihiko Fukui said on Tuesday that markets had still not stabilised, although the U.S. subprime mortgage ... Investors see just a 40 percent chance of the BOJ raising rates by the end of the current fiscal year in March, according to swap ...
    2007-11-13 07:25:00
  • Yen Falls for a Second Day as Stock Gains Spur Carry Trades

    Bloomberg - In carry trades, investors borrow in a country with low interest rates such as ... by dollar-yen options expiring in one month, with a strike price near the current ... Assets that fall into the category include mortgage-related securities and loans for ...
    2007-11-13 10:17:00
  • Fed's Fisher: energy, food prices risk inflation

    MSN MoneyCentral - A spread of the current magnitude between food price inflation and the core index ... The Fed lowered interest rates by a quarter-percentage point to 4.5 percent on ... from a credit crunch sparked in August by problems in the U.S. subprime mortgage ...
    2007-11-13 10:02:00
  • Wal-Mart rides out housing downturn as profits swell

    New Straits Times - The ailing housing market and mortgage-related financial losses on Wall Street have tightened the availability of credit, but the Fed cut interest rates in October and September in a bid to underpin economic momentum. The discount retailer boosted its ...
    2007-11-13 02:46:00
  • Sitting on a fortune

    News Shopper - ... mform.co.uk shows 14 per cent of mortgage customers didn't look for a new deal and stayed with their existing lender, while 13 per cent simply took a new deal offered by their current mortgage company. And with average standard variable rates running ...
    2007-11-13 03:50:00
  • BOJ Mizuno warns risk of fall in U.S. fund inflows

    Guardian Unlimited - ... policy hawk who has proposed raising Japanese interest rates since ... States decreasing and causing problems financing the U.S. current account deficit" if euro-zone interest rates ... had been seen as almost a done deal before the U.S. subprime mortgage ...
    2007-11-13 06:42:00
  • Middle classes hit hardest by rising prices

    Daily Telegraph - Middle-class families are the biggest victims of rising prices, facing inflation rates of more ... prices, but that situation could change in due course if oil prices remain at their current high levels." It coincided with news that mortgage costs ...
    2007-11-13 05:38:00
  • Australian pay packets up 4.2

    News.com.au - Housing prices have been caused by many things, not merely low interest rates and yes governments do have some responsibility for the current mess. ... off back then (plus I had to cycle to work instead of driving to pay as much into my mortgage ...
    2007-11-13 08:01:00
  • B of A to take $3-billion debt writedown

    St. Petersburg Times - ... quarter and warned its losses could grow, adding to fears the nation's housing and mortgage ... The CBO is projecting that the deficit for the current 2008 budget year will decline to $155-billion. T-bill rates fall Interest rates on short-term ...
    2007-11-13 10:10:00
  • Fannie Mae, FHA outline mortgage crunch steps (Dallas Morning News)

    LAS VEGAS – The top officers at two of the country's mortgage giants said Tuesday that they are taking steps to deal with the mortgage crunch and rising foreclosure rates.
    2007-11-13 09:24:56
  • S&P Picks and Pans: Wal-Mart, Home Depot, RIMM, Siemens, Adobe (BusinessWeek)

    Analyst opinions on stocks making headlines Tuesday
    2007-11-13 01:03:03
  • Foreclosures take $223 billion toll on U.S. property values

    Detroit News - Bad mortgage debt may cost banks as much as $400 billion by the time the credit crisis, Deutsche Bank wrote in a research report Monday, estimating that among the $1.2 trillion in subprime mortgage loans outstanding, up to percent could reach default ...
    2007-11-13 11:04:00
  • RBC to take $360-million charge amid credit crunch

    Globe and Mail - A dramatic rise in defaults in the U.S. subprime mortgage sector — the sector that caters to borrowers with less-than-stellar credit histories — has caused the ... investment bank   Carrick: Banks cashing in on border crossers   Heinzl: When bad ...
    2007-11-13 11:54:00
  • Debt grows as new mortgages fall

    Daily Telegraph - ... has tripled in four years as thousands more people struggle to repay credit cards ... debt has gone through the roof and lenders increasingly want to move any bad ... Meantime, the number of people taking out a mortgage last month fell to its lowest ...
    2007-11-13 05:38:00