Mortgage and Financial News From 2008-1-8 Page 10

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  • Mortgage lenders defying Gordon Brown

    Daily Telegraph - Gordon Brown and Alistair Darling have warned mortgage lenders that they will be expected to pass on cuts in interest rates to hard-pressed home owners. The Prime Minister said they had a "duty" to pass on interest rate cuts after it emerged that ...
    2008-01-08 07:09:00
  • US stocks drop on worries about Countrywide, AT&T, pending home sales ...

    CNBC - NEW YORK - Wall Street plunged in another erratic session Tuesday as investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial Corp., but also create problems for other companies like AT&T Corp. The ...
    2008-01-08 01:11:00
  • Wayne Swan attacks 'excessive' ANZ mortgage rate - Sunday Times.au

    Wayne Swan attacks 'excessive' ANZ mortgage rateSunday Times.au, Australia - 3 hours agoThe ANZ and the National Australia Bank have both increased mortgage rates independently of the Reserve Bank of Australia (RBA), blaming the global credit ...
    2008-01-08 04:32:31
  • Costs rise on home loans - Orange County Register

    Costs rise on home loansOrange County Register, CA - 2 hours agoAt the end of 2007, conforming rates were close to 6 percent, while jumbo rates were close to 7 percent. In response, some home buyers are taking two loans, ...
    2008-01-08 04:53:19
  • Taking a haircut and losing your shirt - Malaysia Star

    Taking a haircut and losing your shirtMalaysia Star, Malaysia - 2 hours agoARM is an acronym for adjustable rate mortgage, meaning that the percentage that the borrower pays to the bank above and beyond the amount originally lent ...
    2008-01-08 04:55:33
  • US stock markets hit by flurry of bad news - Economic Times

    US stock markets hit by flurry of bad newsEconomic Times, India - 1 hour agoNEW YORK: US stock markets slid Tuesday amid more glum housing news and as troubled mortgage giant Countrywide Financial was forced to deny rumors it was on ...
    2008-01-08 06:24:56
  • Record spending may force rates rise - ABC Online

    Record spending may force rates riseABC Online, Australia - 56 minutes agoSome banks have already begun raising their home loan interest rates because of the subprime mortgage turmoil in the United States. The Chamber's Greg Evans ...
    2008-01-08 06:37:47
  • Apartment rents on the rise - Austin American-Statesman

    Apartment rents on the riseAustin American-Statesman, TX - 14 minutes ago"There are people who are not able to pay their mortgage, and we're starting to see a lot of people who aren't buying a home," Albertson said. ...
    2008-01-08 07:19:20
  • Is investing in gold, stocks & real estate risky? - Commodity Online

    Is investing in gold, stocks & real estate risky?Commodity Online, India - 13 minutes agoBanks and mortgage lenders are raising their lending standards. That means credit will remain tight, boxing out many potential buyers. Interest rates on ...
    2008-01-08 07:21:13
  • Countrywide Falls 28 Percent After Bankruptcy Buzz - Washington Post

    Countrywide Falls 28 Percent After Bankruptcy BuzzWashington Post, United States - 11 minutes agoBy Neil Irwin and Carrie Johnson Shares of Countrywide Financial, the nation's largest mortgage lender, plummeted yesterday on rumors, which the company ...
    2008-01-08 07:23:06
  • Stocks Sink On Housing Woes, AT&T News (WCBS-TV New York)

    Wall Street skidded lower in another erratic session Tuesday as investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial Corp., but also create problems for other companies like AT&T Inc. The Dow Jones industrials fell nearly 240 points.
    2008-01-08 06:25:07
  • Record spending may force rates rise (Australian Broadcasting Corporation)

    Economists say new figures showing record spending in November are likely to boost the Reserve Bank's (RBA) case for a rate rise next month.
    2008-01-08 06:43:49
  • Brown press conference: key points (Guardian Unlimited)

    Public sector pay: This was the prime minister's headline announcement. Brown arrived at the press conference with the chancellor, Alistair Darling, who had floated the idea of three-year public sector pay deals on the BBC Radio 4 Today programme a few hours earlier.
    2008-01-08 07:15:11
  • Apartment rents on the rise (Austin American-Statesman)

    Average price up about $100 a month since 2005. Prices for apartment rentals in Austin are on the rise as occupancy rates increase, according to Capitol Market Research.
    2008-01-08 07:27:21
  • Insider Purchases & Buybacks: FBR

    Street.Com - The company has completed the sale of its on-balance sheet securitized loan portfolio and is currently negotiating the sale of the remaining $48 million of the mortgage loans. FBR has certainly felt the pressure of the housing and financial-market ...
    2008-01-08 12:56:00