Mortgage and Financial News From 2007-11-20 Page 01

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  • Survey: Shoppers Plan to Cut Back

    Smart Money - ... 40% this year versus 43% last year -- are worried about making their mortgage or ... The delinquency rates on most kinds of loans are typically between 1% and 2 ... Compare prices before you go shopping. Figure out what you want to buy, then call ...
    2007-11-20 05:41:00
  • Costello accuses Labor of being 'slippery'

    Australian Broadcasting Corp. - But if you want to compare home mortgage interest rates, the all-time, world record, holder of the highest home mortgage interest rates in Australia is the Labor Party at 17 per cent. CHRIS UHLMANN: Treasurer, do you think there is a housing ...
    2007-11-19 10:21:00
  • HP helps Wall St offset Freddie Mac woes

    MSN MoneyCentral - It may also reduce the size of its mortgage investment holdings or issue new stock. Shares in Fannie Mae, a fellow GSE ... Swap rates that compare expectations of Libor versus the effective Fed funds over the next three months have also been rising ...
    2007-11-20 09:08:00
  • Rudd makes pitch for Australia's future

    Australian Broadcasting Corp. - ... order in education", but if you look past his selective reading of the OECD/PISA data and check out how our students compare ... ps; by the way Paul, when Howard was treasurer the rates were higher, but he doesn't want to talk about that! the cash rate ...
    2007-11-20 07:24:00
  • Buy Your First Home For Less (Fool.co.uk via Yahoo! UK & Ireland Finance)

    Buying your first home can be very expensive. Here's a clever trick to help you cut the cost.
    2007-11-20 06:28:44
  • HP helps Wall St offset Freddie Mac woes (FT.com via Yahoo! News)

    Wall Street stocks rose on Tuesday after solid earnings from Hewlett-Packard (NYSE:HPQ) helped offset a shocking $2bn loss at Freddie Mac and some more weak housing data.
    2007-11-20 08:55:19
  • Freddie, Fannie seek a few billion (CNN Money)

    Freddie Mac and Fannie Mae can only make it through a prolonged credit crisis if they raise billions of dollars of new capital.
    2007-11-20 02:11:32
  • Tokyo stocks open lower on US subprime home-loan worries

    Earthtimes - Tokyo - Tokyo stocks opened lower Wednesday as US subprime mortgage woes kept investors away from buying shares. The Nikkei 225 Stock Average declined 196.09 points in morning trading, or 1.29 per cent, to 15,015.43. The broader Topix index of all ...
    2007-11-20 06:34:00
  • Illinois median home prices stagnant in third quarter

    Arlington Heights Daily Herald - The credit crunch and sub-prime mortgage mess continue to burden the housing market in Illinois as median home prices in the state rose .7 percent in the third quarter, according to a report Tuesday by the Illinois Association of Realtors. The ...
    2007-11-20 10:16:00
  • First-time buyers: first rung has just come a step closer

    Daily Telegraph - House prices may be slowing or even falling, but the credit crunch could keep home ownership beyond reach for many would-be first-time buyers. "With banks now tightening their lending criteria and a general lack of confidence, the Council of Mortgage ...
    2007-11-20 09:47:00
  • Freddie Mac loans lead to $2b loss

    Boston Globe - WASHINGTON - The mortgage crisis intensified yesterday as Freddie Mac , the nation's number two buyer and guarantor of home loans, posted its largest quarterly loss ever and warned that it may need to curtail its business unless it can raise fresh ...
    2007-11-20 09:11:00
  • Legislation could ease foreclosures

    St. Petersburg Times - Under this plan, judges could lower the interest rate of a mortgage on a primary home, extend the life of the loan or forgive part of the debt - as they currently can for vacation homes, farms and investment properties. Doing so could reduce by a ...
    2007-11-20 09:04:00
  • Yen Rises; Subprime Losses Spur Sales of Higher-Yielding Assets

    Bloomberg - The currency strengthened against all 16 of the most- actively traded currencies after Freddie Mac, the second-biggest U.S. mortgage-finance company, reported a record loss and the Federal Reserve reduced its 2008 economic growth forecast. Crude oil ...
    2007-11-20 10:08:00
  • Downey Financial outlook cut to negative on credit performance ...

    Forbes - Deterioration in the mortgage finance operating environment in Downey's home state of California has negatively affected Downey's credit performance, origination volume, and profitability, although not to the same extent as at many other mortgage ...
    2007-11-20 09:47:00
  • Seeking a home mortgage? The news just got worse

    Minneapolis Star Tribune - How low to go You Can Have It for... Sister didn't co-sign, but landlord says she's liable Installing metal stairs took a couple of steps Four fast fixes WASHINGTON - Mortgage market woes just got a lot worse with the disclosure that the nation's ...
    2007-11-19 03:57:00