Mortgage and Financial News From 2007-9-17 Page 10

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  • BofA launches mortgage-refinance program

    MSN MoneyCentral - Bank of America Corp. is introducing a pricing program for borrowers seeking to refinance their home loans with conforming 30- and 15-year fixed-rate loans and nonconforming 30-year fixed-rate loans. The special offer runs through Nov. 30. "Millions ...
    2007-09-17 01:19:00
  • Aftermarket Movers: SPF, NFI, ETFC

    Forbes - Shares of Standard Pacific Corp. rose in aftermarket electronic trading Monday on higher net new home orders, while ongoing troubles in the mortgage and credit markets dragged down shares of other stocks. Standard Pacific (nyse: SPF - news - people ...
    2007-09-17 02:59:00
  • Gregoire announces subprime mortgage task force

    Seattle Post Intelligencer - ... nationwide have faced foreclosure in recent months because adjusting interest rates are raising payments to more than they can afford while declining home values leave them owing more than their house is worth. While Washington's rates of mortgage ...
    2007-09-17 03:06:00
  • UPDATE 1-U.S. household wealth rises to $57.86 trln in Q2

    Reuters - Home mortgage debt growth slowed four-tenths of a percentage point to a 7.3 percent pace in the second quarter -- its slowest rate since mid-1998, the Fed said. Household consumer debt grew at a 5.0 percent pace in the second quarter, just above ...
    2007-09-17 12:57:00
  • I.I.I. Finds Insurers Have Manageable Exposure To Subprime Mortgage ...

    Insurance News Net - Weisbart’s white paper, “Subprime” Home Mortgage Loans and the Insurance Industry < http://www.iii.org/media/research/subprime/ > , was released publicly today. For more information about insurance, go to the I.I.I. Web site < http://www.iii.org/ ...
    2007-09-17 12:21:00
  • Wash. Panel to Tackle Mortgage Woes

    Forbes - Gov. Chris Gregoire says she's worried that the national problems with sub-prime home mortgages will plague many Washington homeowners. She is creating a state task force to educate consumers and recommend remedies. State government already is ...
    2007-09-17 01:33:00
  • E*Trade Cuts Earnings Estimate 25% on Mortgage Losses (Update3)

    Bloomberg - Sept. 17 (Bloomberg) -- E*Trade Financial Corp., this year's worst performer in the Amex Securities Broker-Dealer Index, cut its 2007 profit forecast by at least 25 percent because of bad home loans and said it will quit the wholesale mortgage ...
    2007-09-17 03:42:00
  • Standard Pacific Corp. Announces 2007 July and August Order Trends

    Forbes - The Company provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, Standard Pacific Mortgage, SPH Home Mortgage, Home First Funding, Universal Land Title of South Florida and SPH Title. For more ...
    2007-09-17 01:33:00
  • Unindicted Blunderer

    Forbes - What does all this have to do with the home mortgage mess? When excess money is created, lenders and investors feel the itch to put it to work. Think of it as too much money chasing too few sound business and investment opportunities. Standards ...
    2007-09-17 01:33:00
  • Council of Federal Home Loan Banks spent $360,000 lobbying government ...

    CNBC - Eight of every 10 U.S. financial institution belongs to the home loan bank system, which is a big player in the $10 trillion home-mortgage market. Low-cost lending to financial institutions by the home loan bank system jumped nearly 17 percent in ...
    2007-09-17 11:53:00
  • Union Says Australian Home Loan Recommendations Don't Go Far Enough (Nasdaq)

    (RTTNews) - An Australian union group says recommendations from a federal inquiry into home loan lending don't go far enough. Parliament's Economics Committee report calls for nationwide regulation of mortgage brokers and non-bank lenders at the federal level, and better data on home repossessions.
    2007-09-17 02:39:07
  • American Home tries to seize $27 million in retirement savings (Newsday)

    Employees had deferred compensation expecting growth, security Melville-based American Home Mortgage is attempting to seize as much as $27 million that employees set aside from their paychecks as retirement savings -- and if it is successful, the workers may never see the money again.
    2007-09-17 10:46:10
  • E*Trade Cuts Earnings Estimate 25% on Mortgage Losses (Update1) (Bloomberg.com)

    Sept. 17 (Bloomberg) -- E*Trade Financial Corp., this year's worst performer in the Amex Securities Broker-Dealer Index, slashed forecasts for 2007 profit by at least 25 percent because of bad home loans and said it will quit the wholesale mortgage business.
    2007-09-17 03:03:23
  • E*Trade Cuts Earnings Estimate 25% on Mortgage Losses (Update2) (Bloomberg.com)

    Sept. 17 (Bloomberg) -- E*Trade Financial Corp., this year's worst performer in the Amex Securities Broker-Dealer Index, cut its 2007 profit forecast by at least 25 percent because of bad home loans and said it will quit the wholesale mortgage business.
    2007-09-17 03:34:32
  • Greenspan warns UK homeowners to expect higher interest rates

    Monsters and Critics - (M&C) - Former U.S. Federal Reserve chairman Alan Greenspan has warned U.K. homeowners to expect higher interest rates saying current rises in house prices are unsustainable. Greenspan also said inflation would rise above 3 percent on a regular basis ...
    2007-09-17 03:24:00