Mortgage and Financial News From 2007-9-17 Page 14

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  • UPDATE 2-Overnight sterling rates jump on N.Rock woes

    Reuters - LONDON, Sept 17 (Reuters) - Overnight sterling lending rates briefly hit levels not seen in over six years on Monday as the deepening crisis surrounding UK mortgage lender ... showed further signs of easing and as investors bet that the current ...
    2007-09-17 11:03:00

  • NovaStar Financial, Inc. Will Not Distribute REIT Dividend After ...

    Forbes - ... the size, frequency and structure of our securitizations; our ability to originate and sell loans at a profit and under favorable terms under the current circumstances; impairments on our mortgage assets; increases in prepayment or default rates on ...
    2007-09-17 01:04:00

  • Fed poised to lower rates this week (Arizona Daily Sun)

    WASHINGTON -- For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession.
    2007-09-17 08:17:44

  • Fed Expected To Cut Interest Rates (KCTV 5 Kansas City)

    The Federal Reserve is expected to lower interest rates during its meeting Tuesday.
    2007-09-17 01:03:55

  • Now she's thin, social and flush (The Trenton Times)

    I can't help drawing a parallel between the current mortgage crisis and the obesity crisis. Over the past few years, people were enticed to purchase more expensive houses than they could afford by having access to mortgages that offered initially low interest rates.
    2007-09-16 09:17:41

  • Sterling slides as UK rates seen at peak (ShareCast via Yahoo! UK & Ireland Finance)

    Sterling continued to weaken against the major currencies Monday as the current crisis involving Northern Rock dampened expectations of another hike in UK interest rates.
    2007-09-17 05:55:08

  • (AFX UK Focus) 2007-09-17 15:31 GMT: BoE seen unlikely to hike rates; Northern Rock woes may spell rate reduction (Interactive Investor)

    LONDON (Thomson Financial) - The Bank of England is unlikely to hike interest rates again in the current cycle while the prospect of a reduction is gathering momentum after the country's fifth biggest mortgage lender Northern Rock turned to the central bank for emergency funding, a Thomson Financial News poll shows.
    2007-09-17 07:55:04

  • FOOL'S SCHOOL

    Times-Leader - Learn much more about home financing at www.fool.com/homecenter and www.quicken.com/mortgage/refinance . Ask your current mortgage lender about refinancing, too -- you might get a good deal without having to jump through too many hoops, since the ...
    2007-09-17 01:44:00

  • It's not a gift, it's an investment

    Boston Online - Parents often provide the down payment on their child's first home purchase. Many parents, however, can't afford a ... This may require the buyer to do a cash-out refinance based on the equity remaining after the investor has been paid off. Note ...
    2007-09-17 05:33:00

  • LendingTree Fed Rate Forecast: Chief Economist Predicts First Rate ...

    Forbes - LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards and high-yield savings accounts via www.lendingtree.com and 800-555-TREE. Launched in 1998 with headquarters in ...
    2007-09-17 07:06:00

  • Home mortgage crisis not yet at home in Pratt

    Pratt Tribune - Lenders have now tightened the credit standard, Sanders said, and would-be borrowers with lower credit scores, low or no down payment and first-time homebuyers will find it considerably more difficult to get financing or to refinance home equity loans
    2007-09-17 07:35:00

  • Obama: Reappraise Wall Street Values

    US News and World Report - A request that lenders show some flexibility to people trying to sell or refinance their homes. --- Associated Press Writer Nedra Pickler in Washington contributed to this report. --- http://www.barackobama.com © 2007 The Associated Press. All rights ...
    2007-09-17 11:46:00

  • Bank of America unveils mortgage refinance offer

    Reuters - Sept 17 (Reuters) - Bank of America Corp (BAC.N: Quote , Profile , Research ) introduced reduced interest rate for borrowers seeking to refinance their home loans with conforming 30-year and 15-year fixed rate loans and non-conforming 30-year fixed ...
    2007-09-17 09:08:00

  • Second Man Wanted In Texans Home Invasion (KPRC Local 2 Houston)

    FORT BEND COUNTY, Texas -- A sketch was released Monday of a second man wanted in connection with a home invasion at a Houston Texans player's home, KPRC Local 2 reported.
    2007-09-17 11:52:29

  • BofA launches mortgage-refinance program (BizJournals)

    In response to the subrime lending market problems, Bank of America Corp. is introducing a pricing program for borrowers seeking to refinance their home loans. (BAC)
    2007-09-17 10:05:02

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