Mortgage and Financial News From 2007-9-17 Page 7

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  • Mortgages will be harder to come by

    Reuters UK - LONDON (Reuters) - Mortgage lenders are set to tighten their lending criteria making it more difficult for consumers to take on big home loans, the head of the Building Societies Association told Reuters in an interview on Monday. "Prime customers ...
    2007-09-17 05:15:00

  • Run on British mortgage lender continues

    USA Today - LONDON (AP) — Shares of Northern Rock, one of Britain's largest mortgage lenders, tumbled another 30% Monday as customers, driven by fear of insolvency, made a run on the bank and withdrew billions. British Treasury Secretary Alistair Darling ...
    2007-09-17 09:30:00

  • Panic infects other mortgage lenders as fears grow about exposure to ...

    Times Online - Shares in some of Britain’s most popular mortgage lenders plunged yesterday amid fears that other banks would be hit by similar problems to Northern Rock. Hundreds of customers again thronged to Northern Rock’s 76 branches to demand the return of ...
    2007-09-17 03:27:00

  • Australian non-bank lenders, mortgage brokers may face tougher ...

    Forbes - SYDNEY (Thomson Financial) - Australian lenders engaging in 'predatory' lending by preying on the vulnerable may face tougher scrutiny in a bid to avoid a US-style meltdown, the Age newspaper reported Tuesday. The Melbourne-based newspaper said a ...
    2007-09-17 05:08:00

  • FTSE 250 movers: Money lenders punished (ShareCast via Yahoo! UK & Ireland Finance)

    Money lenders are under fire again today with mortgage companies Bradford & Bingley and Paragon getting buried in the Northern Rock avalanche. Small loans specialist Cattles, which was at pains to stress in its results last week that it does not write first charge mortgages, is also marked sharply lower.
    2007-09-17 03:05:06

  • Trading suspended briefly in troubled British mortgage company Northern Rock (Canadian Business)

    Robert Barr September 17, 2007 - 10:24 a.m. LONDON (AP) - Shares of Northern Rock PLC, one of Britain's largest mortgage lenders, tumbled another 30 per cent Monday as customers, driven by fears of insolvency, made a run on the bank and withdrew billions.
    2007-09-17 07:45:32

  • Shareholders join customers in run on British mortgage lender (The Toledo Blade)

    LONDON - Shareholders joined customers Monday in a run on one of Britain's largest mortgage lenders, driving shares sharply lower despite continuing assurances from the government that the company was solvent.
    2007-09-17 09:01:04

  • (AFX UK Focus) 2007-09-18 01:04 GMT: Australian non-bank lenders, mortgage brokers may face tougher scrutiny - report (Interactive Investor)

    SYDNEY (Thomson Financial) - Australian lenders engaging in "predatory" lending by preying on the vulnerable may face tougher scrutiny in a bid to avoid a US-style meltdown, the Age newspaper reported Tuesday.
    2007-09-17 05:24:36

  • Run on British mortgage lender continues (USA Today)

    Shares of Northern Rock, one of Britain's largest mortgage lenders, tumbled another 30% Monday as customers, driven by fear of insolvency, made a run on the bank and withdrew billions.
    2007-09-17 10:05:57

  • Shares of two more UK mortgage lenders plummet (FT.com via Yahoo! News)

    Shares in smaller British banks suffered a sharp sell-off on Monday as analysts slashed their profit forecasts and investors worried that other institutions could suffer a fate similar to Northern Rock, the mortgage lender.
    2007-09-17 02:17:57

  • Panic infects other mortgage lenders as fears grow about exposure to crisis (Times Online)

    Shares in some of Britain’s most popular mortgage lenders plunged yesterday amid fears that other banks would be hit by similar problems to Northern Rock.
    2007-09-17 03:05:58

  • Housing stocks decrease ahead of Federal Reserve interest rate meeting

    CNBC - NEW YORK - Shares of most homebuilders edged lower Monday ahead of the Federal Reserve's decision on interest rates Tuesday. Due to market turmoil from defaulting mortgages and a lack of credit, economists and investors are calling for a quarter ...
    2007-09-17 09:58:00

  • BoE should publish votes of MPC decisions immediately - MPs

    Forbes - LONDON (Thomson Financial) - The Bank of England should publish the votes of its interest rate decisions immediately, an influential body of MPs said today. In its analysis of the rate-setting Monetary Policy Committee ten years since its ...
    2007-09-17 04:18:00

  • Copper Rises in New York on Speculation Rate Cut to Spur Demand

    Bloomberg - Sept. 17 (Bloomberg) -- Copper rose, closing at a one-month high, on speculation the Federal Reserve will cut interest rates, spurring economic growth and demand for metals in the U.S. Fed policy makers will cut the benchmark target rate by a quarter ...
    2007-09-17 11:38:00

  • What a Fed rate cut would mean to you

    AZCentral.com - All compass needles point to an interest-rate cut today. The only real drama hinges on whether it will be a quarter- or half-point reduction. The economy has slowed too much lately for the Federal Reserve not to trim its federal funds rate for the ...
    2007-09-17 02:37:00

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