Mortgage and Financial News From 2007-10-17 Page 13

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  • Paulson says housing slump not over, 'most significant risk' to ...

    Forbes - The GSEs could increase the flow of mortgage capital to refinance subprime borrowers if they securitized a greater number of these ... The content on this site, including news, quotes, data and other information, is provided by AFX News and its third ...
    2007-10-16 09:45:00
  • Jackson drives home message

    Grand Rapids Press - She's been trying to refinance the home. "I'm hoping I can find some answers I haven't been ... 14,242 foreclosures filed this year, according to RealtyTrac Inc., a real estate information Web site. About 524 home foreclosures were filed by mortgage ...
    2007-10-17 06:45:00
  • ResCap to Cut 3,000 Jobs

    AOL - ... 000 jobs, or 25 percent of the work force at its Residential Capital LLC mortgage ... and stagnant or falling home prices have made it harder for them to refinance. That ... The information contained in the AP news report may not be published, broadcast ...
    2007-10-17 10:20:00
  • Text of Bush's Wednesday news conference

    Miami Herald - ... proposed a series of reforms to help homeowners struggling with their mortgage ... it'll extend the reach of the FHA and to help more people be able to refinance ... The Miami Herald is pleased to provide this opportunity to share information ...
    2007-10-17 11:17:00
  • FHA Loan from Quicken Loans Launches Nationally, Providing Relief to Many Homeowners Struggling with Higher Payments (PRWeb via Yahoo! News)

    Millions of American homeowners are facing significantly higher mortgage payments, as more than $140 billion in adjustable rate mortgages (ARMs) may adjust upward through the remainder of 2007. Tighter lending guidelines, combined with declining home values, have made it difficult for many to refinance. FHA loans, traditionally the purview of first-time home buyers, are now making a welcome ...
    2007-10-17 12:01:00
  • Senate Banking Democrats urge Paulson to press harder for subprime ...

    CNBC - Those loans that had reset without modifications had delinquency rates as high as 15 percent." The letter said the Moody's survey also found that large mortgage servicers are passive in their effort to reach out to borrowers. It also said a ...
    2007-10-17 01:40:00
  • Argentine banks bow to gov't pressure to cut rates

    Reuters - Argentine lending rates have risen in recent months in reaction to global financial woes sparked by a credit crunch and the U.S. subprime mortgage market crisis. "This is a clear and concrete effort to promote credits for production and ...
    2007-10-17 12:43:00
  • Mortgages for Business launch exclusive ‘wait and see’ Buy to Let ...

    Earthtimes - Many investors who are coming off two and three year fixed rates are taking a ‘wait and see’ approach to the market given recent money market turmoil and the potential affect on mortgage rates and the wider property market, so this new product ...
    2007-10-17 06:02:00
  • Thousands paying mortgages by credit card

    Reuters UK - LONDON (Reuters) - One million householders are using credit cards to pay their mortgage or rent amid the credit crunch and rising interest rates, a poll shows. Homelessness charity Shelter found that a growing number of young people, particularly ...
    2007-10-17 01:12:00
  • US September CPI, housing reports pose dilemma for Fed UPDATE

    Forbes - But with economists expecting inflationary pressure from rising food and energy prices to continue, 'the bad news for the Fed is that the ability of the Fed to lower 15-year and 30-year mortgage rates may be limited as long as inflation remains a ...
    2007-10-17 08:47:00
  • Housing growth seen moderating in 2008

    CNBC - The report, which examined trends in 18 markets across the country, said higher mortgage rates and increased inventory levels failed to materialize in most major centers in 2007, making it a record year for real estate activity. By year-end ...
    2007-10-17 09:23:00
  • Mortgage resets: a rude awakening

    CNN Money - NEW YORK (CNNMoney.com) -- About $50 billion in adjustable rate mortgages reset this month, driving interest rates up for many borderline borrowers. And despite efforts to raise awareness, it doesn't look like anyone is really prepared for what's to ...
    2007-10-17 11:17:00
  • WaMu Reports Third Quarter Earnings Per Share of $0.23

    Forbes - ... quarter, reflecting the disruption in the capital markets and a slowdown in expected prepayments related to a weaker housing market, tighter underwriting standards across the industry, and higher nonconforming mortgage rates ...
    2007-10-17 01:12:00
  • Anworth Mortgage Asset Corporation Announces Quarterly Dividends and ...

    CNBC - Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including increases in the prepayment rates on the mortgage loans securing our mortgage ...
    2007-10-17 01:19:00
  • PersonalFinance: Bargain-shopping for a house

    Reuters - (Linda Stern is a freelance writer. Any opinions in the column are solely those of Ms. Stern. You can e-mail her at lindastern@aol.com.) By Linda Stern WASHINGTON, Oct 17 (Reuters) - Mortgage rates are down. House prices are down. Fed chairman Ben ...
    2007-10-17 01:12:00