Mortgage and Financial News From 2007-12-28 Page 14

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  • Candidates: Bhutto killing underscores need for tested leaders

    Newsday - Both suffered in the polls when the public's interest in terrorism waned as bread-and-butter issues such as the mortgage crisis ... Carbon monoxide forces 12 from Brentwood home Man hit, killed on Southern State Sharpton plans Riverhead march to protest ...
    2007-12-28 08:59:00

  • Stocks waver after latest housing data

    MSNBC - The Commerce Department report that new home sales fell 9 percent from October to a seasonally adjusted annual rate of 647 ... Subprime mortgage investigations facing major hurdles Christmas joy needed for sports fans in Cleveland, Philly Laptop project ...
    2007-12-28 09:20:00

  • Last podcast of 2007

    Long Island Business News - Our latest weekly podcast episode is live, with a quick look at this week’s features. In this edition of LI Bizcast, real estate reporter David Winzelberg explains how Melville, which has seen American Home Mortgage make a major exit this year, is ...
    2007-12-28 07:54:00

  • U.S. Economy: New-Home Sales Tumble to 12-Year Low (Update1)

    Bloomberg - ... in 2008 after a 25 percent drop this year, according to a Dec. 13 forecast from Fannie Mae, the largest mortgage buyer. Sales of new homes in November were 53 percent down from their July 2005 peak. Prices Decline Home prices ...
    2007-12-28 11:08:00

  • Homebuilder shares tumble after November new home sales plunge to ...

    CNBC - Earlier this week, the Mortgage Bankers Association said mortgage application volume dropped 7.6 percent last week, while a Standard & Poor's survey showed October home prices dropping by a record 6.7 percent from the same month a year ago. Falling ...
    2007-12-28 08:45:00

  • Market slips as housing worries weigh

    Reuters - NEW YORK (Reuters) - U.S. stocks edged lower on Friday as weaker-than-expected data on new home sales reinforced worries about the housing and mortgage markets. Shares of home builders were down, and the Dow Jones home construction index .DJUSHB fell ...
    2007-12-28 11:08:00

  • Home sales drop 20% and prices slip in Illinois with modest price gain ...

    Chicago Tribune - The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central region was 6.25 percent in November 2007, down 0.16 points from the average rate during the previous month, according to the Federal Home Loan Mortgage Corp ...
    2007-12-28 11:01:00

  • US home sales fall to 12-year low

    BBC Business - Higher interest rates have deterred many buyers, while boosting repayment costs and mortgage default rates. The median sale price of a new home fell to $239,100 (£177,000) in November, down 0.4% from the same month a year earlier. House prices ...
    2007-12-28 09:42:00

  • Mortgage service firm files for bankruptcy (Stamford Advocate)

    Greenwich-based ARH Mortgage Inc., a provider of services to home lenders, filed to liquidate its assets under bankruptcy protection.
    2007-12-28 02:16:53

  • Stocks sink after disappointing home sales (USA Today)

    Stocks edged lower Friday as weaker-than-expected data on new-home sales reinforced worries about the housing and mortgage markets.
    2007-12-28 10:13:12

  • 2008: Looking ahead

    BBC Brasil - I expect the UK economy will probably grow less than most forecasters currently estimate (1.9 per cent is the current ... 5. On interest rates, I expect the bank rate to fall, ending the year at 4.75 per cent. If I’m wrong about inflation or the ...
    2007-12-28 09:13:00

  • 2007: a bumpy ride

    Daily Telegraph - ... people who could render corporate bond funds interesting - and there will be money to be made in this sector if interest rates ... Perhaps some good will come of the current crop of criticism if it galvanises Mr Duffield and New Star to rediscover ...
    2007-12-28 10:32:00

  • JGB futures jump as stocks fall, shrug off CPI

    Guardian Unlimited - But the inflation report did little to alter views that the Bank of Japan may wait to raise interest rates from the current 0.5 percent until the third quarter of next year because of turmoil in global credit markets and signs of an economic slowdown ...
    2007-12-27 06:33:00

  • So what does 2008 hold for investors?

    Daily Telegraph - ... Putin's recent landslide victory, will benefit investors by reducing the risks of significant changes to current ... FTSE 100 6,725 (6,725) "I remain positive on the outlook for UK shares as we expect interest rates to come down in ...
    2007-12-28 10:32:00

  • Fitch Affirms Advanta Corp.'s IDR at 'BB-'; Outlook Stable

    Forbes - ... in portfolio credit quality, resulting from higher delinquency roll-rates ... and the expectation that credit quality metrics will deteriorate from current ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-12-28 08:30:00

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