Mortgage and Financial News From 2007-11-8 Page 17

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  • Second house price drop

    MSN UK News - Britain's biggest mortgage lender said prices dropped by 0.5 per cent last month and 0.6 per cent in September - the first consecutive falls since April and May 2005. October's decline also meant the average cost of a home in the UK again failed to ...
    2007-11-08 06:38:00

  • Avoiding Bankruptcy: What Every Consumer Should Know

    Forbes - Instead of making payments to a lender each month, the lender makes payments to the homeowner. For some seniors, a reverse mortgage may be a better option than a home equity loan. However, some reverse mortgage loans have interest rates that are ...
    2007-11-08 04:29:00

  • Credit crunch has only just begun: James Saft

    Reuters - Washington Mutual, (WM.N: Quote , Profile , Research ) the sixth largest mortgage U.S. lender, said on Wednesday it expected depressed home loan demand and falling real estate prices through 2008. WaMu is also the subject of an investigation by New ...
    2007-11-08 07:21:00

  • Morgan Stanley: Probing The Bottom?

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... Dow Jones industrial average plunged more than 360 points and major housing lender ... late Wednesday another $3.7 billion in write-downs related to subprime mortgage ...
    2007-11-08 03:25:00

  • Close Brothers Rejects Cenkos Offer as `Inadequate' (Update2)

    Bloomberg - ... as U.S. and European securities firms are too busy counting up the damage from the collapse of the U.S. subprime mortgage ... Landsbanki's assets have grown more than sixfold since 2003 as the lender expanded outside the island's $16 billion economy ...
    2007-11-08 04:00:00

  • Bank of England Keeps Key Rate Unchanged at 5.75% (Update2)

    Bloomberg - House prices dropped for a second month in October, the first back-to-back decline in more than two years, HBOS Plc, the country's biggest mortgage lender, said today. King signaled concern on Oct. 10 that price pressures still haven't ...
    2007-11-08 04:15:00

  • AHM accused of providing faulty mortgage data

    Newsday - A mortgage insurer has accused bankrupt Melville-based lender American Home Mortgage of "relying on misrepresentations of borrowers and appraisers," according to a complaint that American Home filed against Triad Guaranty Insurance Corp. earlier this ...
    2007-11-08 03:10:00

  • Home loan investigation grows (Seattle Post-Intelligencer)

    New York Attorney General Andrew Cuomo's subpoenas to government-sponsored lenders Fannie Mae and Freddie Mac sent another shock into the home mortgage industry, where he said conflicts of interests are costing consumers thousands of dollars because of inflated appraisals.
    2007-11-07 11:02:03

  • NAB the first to raise home loan rates (Daily Telegraph)

    NATIONAL Australia Bank is the first of the big five banks to lift interest rates on home loans - and the lender is warning it may lift borrowing costs by more than yesterday's official rate rise.
    2007-11-07 07:02:00

  • AHM accused of providing faulty mortgage data (Newsday)

    A mortgage insurer has accused bankrupt Melville-based lender American Home Mortgage of "relying on misrepresentations of borrowers and appraisers," according to a complaint that American Home filed against Triad Guaranty Insurance Corp. earlier this week.
    2007-11-08 03:28:37

  • Canada dollar ends lower after late-day selloff

    Calgary Herald - ... factors were involved in the late selloff, including a drop in oil prices after an early surge, sharp declines in equity markets, and remarks by Ontario Premier Dalton McGuinty in which he urged the Bank of Canada to lower interest rates. "The ...
    2007-11-07 02:53:00

  • Latest Share Chat

    Life Style Extra - Like the BoE, the European Central Bank is widely thought to leave its rates steady at today's governing council meeting. ... Group turnover is expected to rise to 5.08 bln stg from 4.94 bln last time while earnings before interest, tax, depreciation ...
    2007-11-07 10:52:00

  • Forex - Dollar stays weak; focus turns to ECB, BoE decisions, Bernanke ...

    FXStreet.com - Neither the ECB nor the BoE is expected to make any changes to interest rates today, standing in contrast to the US Federal Reserve which has cut interest rates by a total of 75 basis points since September. In his accompanying press conference, ECB ...
    2007-11-08 01:30:00

  • S Korea leaves interest rates unchanged at 5%

    Marketwatch - HONG KONG (MarketWatch) -- South Korea left its key interest rate unchanged Thursday as consumer prices were "broadly stable," but sounded a note of caution over future economic developments due to rising oil prices and turmoil in the global ...
    2007-11-08 02:34:00

  • ECB holds fire on rates

    Financial Times - The European Central Bank has left its main interest rate unchanged at 4 per cent as global financial turmoil restricts its room for manoeuvre. The decision by its governing council meeting in Frankfurt was expected but came despite eurozone ...
    2007-11-08 04:58:00

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