Mortgage and Financial News From 2007-10-17 Page 7

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  • Fitch Affirms Chase Commercial Mortgage Securities 2000-3 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch has affirmed Chase Commercial Mortgage Finance Corp., commercial mortgage pass-through certificates, series 2000-3, as follows: $16.2 million class A-1 at 'AAA'; $464.8 million class A-2 at 'AAA'; Interest-only class X at 'AAA'; $36.5 million class B at 'AAA'; $30.7 million class C at 'AAA'; $10.6 million class D at 'AAA'; $24 million class E at 'AA'; $7.7 million class F at ...
    2007-10-17 07:42:00
  • Thornburg Braces for Tough Times Ahead

    BusinessWeek - Rising mortgage default rates has hurt the value of this debt, putting at least some SIVs in trouble. That raises the chances that ... Problems include a fall in home prices, slower home sales and tough conditions on the credit markets. Countrywide ...
    2007-10-17 02:23:00
  • Business Minute: Stocks mixed...Crude heads lower...Ebay with an ...

    Idaho8.com - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money Money Home For ... Associated Press - October 17, 2007 5:33 PM ET NEW YORK (AP) - Stocks climbed out of negative territory to ...
    2007-10-17 02:09:00
  • Housing's Foundations Crumble Still More

    Forbes - Thornburg and other lenders have been hurt by rising default rates, which reduce the value of their loans. The ... or $4.60 per share, in the third quarter as it as costs to bail out soared to $602.3 million as sagging home prices weakened mortgage ...
    2007-10-17 03:21:00
  • JPMorgan Chase 3Q Earnings Rise 2 Pct.

    Forbes - Despite losses from souring home loans and tough-to-sell corporate debt, JPMorgan ... the nation's largest financial institution wrote down nearly $3 billion in mortgage ... Tanona, who rates the stock "neutral," said he expected investors to reward the ...
    2007-10-17 04:32:00
  • JPMorgan's Dimon Says Rescue Plan Will Help Some SIVs (Update1)

    Bloomberg - Investors in the past three months have avoided asset-backed commercial paper on concern that delinquency rates on home loans to people with bad credit will continue to rise and hurt the value of mortgage bonds held by SIVs. Standard & Poor's today ...
    2007-10-17 03:56:00
  • U.S. House Passes Bill To Protect Debtors As California Home ...

    All Headline News - House Passes Bill To Protect Debtors As California Home Foreclosure Rates Rise October 17, 2007 5:47 p ... legislation say this is not a bill aimed solely at protecting the first-time home buyer of a modest property who has been sucked into a mortgage he ...
    2007-10-17 02:38:00
  • Home affordability falls to record low

    News.com.au - It is unacceptable that a typical first home buyer would have to place themselves in mortgage stress to purchase a home,” said Ron ... The official cash rate is 6.5 per cent, and variable home lending rates are set at 8.3 per cent. Australians have ...
    2007-10-17 05:22:00
  • Home loan payments set to soar

    News.com.au - RAMPANT economic growth might force two mortgage interest rate rises within six months, pushing up mortgage repayments, economists said yesterday. They said the central bank might lift official interest rates to a peak of 7 per cent, which could take ...
    2007-10-17 02:52:00
  • Anworth Mortgage expects 3rd-quarter income lower than 2nd-quarter ...

    CNBC - SANTA MONICA, Calif. - Anworth Mortgage Asset Corp. said Wednesday it expects profit ... The company also wrote off a $143 million in a trust developed to invest in home ... money costs a lot more now because lenders are demanding higher interest rates for ...
    2007-10-17 02:38:00
  • Million US home foreclosures tipped by year's end

    News.com.au - The problems were compounded by higher interest rates, which made it harder for many home buyers, especially those who took out adjustable-rate loans, to make payments. Because many of the risky or "subprime" loans were repackaged into mortgage ...
    2007-10-17 02:30:00
  • Treasuries Rise for Third Day on Speculation Over Housing Slump

    Bloomberg - Standard & Poor's cut ratings on $23.4 billion of mortgage securities, and a structured investment vehicle, or SIV, managed by ... Commercial paper rates are up, and T-bill rates are down, reflecting an increase in the fear trade, likely a result of ...
    2007-10-17 01:05:00
  • Prolonged housing hangover for the US

    The Australian - ... Secretary Hank Paulson warned on Tuesday that the downturn in the nation's mortgage ... to 4.125 per cent, the biggest drop since the Federal Reserve cut interest rates ... and Wells Fargo indicated that confidence among house builders had hit its lowest ...
    2007-10-17 02:59:00
  • ECONOMIC REPORT

    Marketwatch - ... MarketWatch) -- Construction on new homes plunged in September to the lowest level ... would-be borrowers are finding it more difficult and more expensive to get a mortgage ... key factor in the central bank's decision nearly a month ago to cut interest rates ...
    2007-10-17 02:23:00
  • Stocks End Mixed amid Economic Worries

    BusinessWeek - ... investors believing that the Federal Reserve still has room to cut interest rates ... in global financial markets set off by fallout from the U.S. subprime mortgage market ... dropped 10.2% to an annualized rate of 1.191 million in September -- the lowest ...
    2007-10-17 02:59:00