Mortgage and Financial News From 2007-12-28 Page 17

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  • Now that rates are smaller, what's a Who to do? (Courier-Post)

    "Those nasty old Grinches cut rates in a wink,
    2007-12-28 12:26:41

  • Florida cities are worst in nation as housing prices drop more than 6 ...

    Orlando Sentinel - No matter how you look at these data, it is obvious that the current state of the ... Portland, Ore.; and Seattle still were experiencing positive annual growth rates ... by our fingernails," said Ritch Workman, owner of Melbourne-based Workman Mortgage ...
    2007-12-28 07:54:00

  • Asian stocks to ease in holiday-shortened week as geopolitical ...

    Forbes - Still, any gains will be capped by concerns about the US subprime mortgage crisis. 'I ... We still believe it will be a couple of quarters before the current credit crisis ... A lower peak in real Fed fund rates combined with aggressive easing should ...
    2007-12-27 11:55:00

  • Saudi Arabian home finance market holds huge potential

    Khaleej Times - Official statistics indicate that mortgage housing finance in the Kingdom is a mere ... at 2.9 per cent the Kingdom has one of the highest population growth rates in ... Commercial banks extend 45 per cent of current housing finance usually in the form ...
    2007-12-28 04:27:00

  • Mortgage Meltdown, Phase 2

    Free Internet Press - Delinquency rates were even higher on option ARMs from other lenders, including Pasadena-based IndyMac ... Before standards were tightened, several mortgage brokers and former and current Countrywide employees said, it was easy to sell option ARMs ...
    2007-12-27 11:48:00

  • Illinois Median Sale Price Off 3.0 Percent at $193,000 in November

    Forbes - ... remains a lot of selection on the market and it will continue to be a good market for buyers in 2008 with mortgage interest rates ... Senate, will help protect the interest of current and future homeowners by giving borrowers a safer alternative to ...
    2007-12-28 04:56:00

  • Sales of new homes decline

    Baltimore Sun - Leopold said the current fees on single-family homes ($4,904), townhouses ($3,385) and most condominiums ($2,492) "do not ... propose financial incentives for work-force housing, such as more assistance on closing costs and below-market mortgage rates. ...
    2007-12-28 08:09:00

  • U.S. Economy: Sales of New Homes Tumble 9% to 12-Year Low

    Bloomberg - ... rally and traders added to bets that the Federal Reserve will cut interest rates ... because sales dropped even more, the inventory of unsold homes at the current sales ... this year, according to a Dec. 13 forecast from Fannie Mae, the largest mortgage ...
    2007-12-28 08:23:00

  • Despite location, home prices are slumping

    International Herald Tribune - ... of local economies, but those distinctions are being overridden by a mortgage market ... While the current slowdown is affecting all markets, it is generally worse in ... The figures shown in the chart are the annual rates of change over the 15 months ...
    2007-12-28 06:50:00

  • Flat, not crash, is 2008 view of property professionals (FT.com via Yahoo! News)

    Mortgage lenders, brokers, estate agents and valuers agree that property prices will slow dramatically in 2008 - and, in some regions, fall. But none is predicting a crash in the residential or buy-to-let markets.
    2007-12-28 05:00:20

  • Now may be the time to purchase a house (Daily Press)

    While prices are predicted to continue to fall, current costs and interest rates spur buyers to act despite lingering risks. With prices predicted to keep falling through the coming year or even longer, one might question the wisdom — even the sanity — of buying a home now when even better bargains probably await.
    2007-12-28 01:18:57

  • Fitch Rates GSR Mortgage Loan Trust $695.23MM 2007-5F (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates GSR Mortgage Loan Trust's residential mortgage pass-through certificates, series 2007-5F, as follows:
    2007-12-28 08:35:00

  • Australia's RAMS Home Loans wins extensions for 750 mln aud warehouse ...

    Forbes - SYDNEY (Thomson Financial) - Troubled Australian mortgage provider RAMS Home Loans Group Ltd said Friday it has gained ... help refinance US extendable commercial paper loans. The lender has received 4.25 billion dollars of preliminary credit ...
    2007-12-26 03:56:00

  • House prices fall in December

    International Herald Tribune - Tighter lending conditions for more than a million people expected to have to refinance fixed-rate deals could also add pain to ... of credit card applications and a reduction in the availability of loans secured by a second charge on the family home ...
    2007-12-28 04:20:00

  • Area real estate agents see small turnaround

    Grand Rapids Press - After a year of sluggish home sales in Livingston County, local sales agents report a small turnaround during the month of ... The ARM Refinance Program will help homeowners refinance to a lower-interest, fixed-rate loan. The other loan program would ...
    2007-12-28 07:33:00

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