Mortgage and Financial News From 2007-9-17 Page 15

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  • European Stocks Drop; Northern Rock, Alliance & Leicester Fall

    Bloomberg - Northern Rock, the U.K. mortgage lender bailed out by the Bank of England last week ... percent since reaching a 6 1/2-year high on June 1 on concern turmoil in the credit ... Bad News' National benchmarks fell in all 18 western European markets ...
    2007-09-17 09:01:00

  • Stocks Dip As Rate Decision Looms

    Forbes - ... the market turmoil that has resulted from souring home loans and squeezed credit ... anxious about the financial sector, Northern Rock, Britain's fifth-largest mortgage ... its all-time high of 14,000.41, reached in July before fears escalated about bad ...
    2007-09-17 09:01:00

  • Obama rolls out economic agenda

    Boston Globe - ... and accountability in the housing market, including a federal definition of mortgage fraud, stiff penalties against lenders who "knowingly act in bad faith ... And he called for a credit card rating system so consumers know the level of risk involved ...
    2007-09-17 11:24:00

  • King, BOE Face `Crisis of Confidence' After Rescue (Update4)

    Bloomberg - ... mortgage collapse roiled credit markets. Now he's getting dragged in, whether he likes it or not. Two days after King, 59, told lawmakers on Sept. 12 that central banks should avoid giving the impression they will help lenders that made bad ...
    2007-09-17 10:48:00

  • Homes lost because of too much bad debt

    News.com.au - Homes lost because of too much bad debt ... court applications for repossession of properties whose owners defaulted on mortgage ... to falsely declare loans were for business purposes so that they could avoid credit ...
    2007-09-17 07:57:00

  • U.S. Stocks Drop on Credit Concern; Banks, Microsoft Retreat

    Bloomberg - ... from British bank Northern Rock Plc reignited concerns over the cost of credit ... Merrill Lynch & Co. fell after announcing job cuts at a mortgage unit. Microsoft Corp ... All the bad news is being magnified,'' said Birinyi, who helps manage about $600 ...
    2007-09-17 11:10:00

  • Crisis deepens for Northern Rock

    International Herald Tribune - Northern Rock ran into trouble when concerns about bad loans in the U.S. subprime mortgage business caused credit to tighten worldwide. Northern Rock was particularly vulnerable to other banks' reluctance to extend loans because it had relied ...
    2007-09-17 07:57:00

  • U.S. Stocks Drop on Credit Concern; Banks, Microsoft Retreat (Bloomberg.com)

    Sept. 17 (Bloomberg) -- U.S. stocks dropped after demand for withdrawals from British bank Northern Rock Plc reignited concerns over the cost of credit around the world.
    2007-09-17 11:34:29

  • When banks report earnings, credit losses may be hard to find (The Star-Ledger)

    Wall Street's banking titans have a history of being slow to acknowledge bad news. So, don't count on them to come completely clean in their quarterly earnings reports this week about how the credit cri sis is rocking their businesses.
    2007-09-16 09:51:23

  • Mortgage reset shock: Not so bad (CNNMoney.com via Yahoo! Finance)

    The number of adjustable rate mortgages up for reset is set to peak this fall, with an estimated $50 billion worth poised to adjust to higher rates in October.
    2007-09-17 06:53:00

  • Caught in a toxic mortgage (CNN Money)

    It seems surprising that Kurt and Vicki Oliver could lose their home to a bank foreclosure. They had great credit, long-term employment and excellent assets and income.
    2007-09-17 06:25:33

  • Who is The Courier's High School "Fan"-tastic Football Player of the ...

    North Channel Sun - ... growing number of cities, counties and states are taking matters into their own hands when it comes to trying to reverse the ... state and federal elected official must know that illegal aliens should not be given licenses, in-state tuition, mortgages ...
    2007-09-16 02:10:00

  • TheStar.com | columnists | Don't look to OPEC for oil price relief

    Toronto Star - ... national securities regulator – it could better have guarded against financial institutions stuck with subprime mortgages ... This day in history A pioneer of country music, he was born this date in 1923 in Mount Olive, Ala. (Answer, reverse: ...
    2007-09-17 01:23:00

  • Either way, it could be an unkind cut

    Asia Times - But the news of a reverse in employment in August spooked the jittery market, even though ... difficulty meeting higher adjusted interest payments in their floating-rate mortgages this ...
    2007-09-17 03:32:00

  • I'll hammer the rich who earn £70,000 or more, declares Ming (salary ...

    Scotsman - SIR Menzies Campbell yesterday pledged to "hammer" households earning more than £70,000 with higher taxes. The Liberal Democrat leader said the rich have done "too well" under Labour and agreed the wealthiest 10 per cent should pay more taxes. His ...
    2007-09-17 05:55:00

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