Mortgage and Financial News From 2007-12-28
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Allison Kilkenny: The People's Army (HuffingtonPost)
It was a time when a demoralized population was subjected to corrupt elections, the spineless press was censored and subsidized by muscled partisan agents, outrageous interest rates implemented by suit-wearing pirates bankrupted citizens, and unfair mortgages left people homeless and...
2007-12-27 06:52:10 -
Mortgage rates climb (Pittsburgh Tribune-Review)
Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge.
2007-12-27 09:00:41 -
Lesson of 2007: Don't take our way of life for granted
Chicago Tribune - ... that first they want their southern border closed to illegal immigration -- and discussion of anything else second. ... Millions of home mortgages by spring were behind or in default. The media rushed to blame government and lenders -- as if ...
2007-12-28 03:37:00 -
Citigroup, Goldman Cut LBO Overhang With Discounts Up to 10%
Bloomberg - ... debt from this year's record $438 billion of leveraged buyouts after losses from securities linked to subprime mortgages ... LBOs declined to $101.9 billion in the second half from $336.4 billion in the first six months as the subprime market ...
2007-12-28 04:56:00 -
Outlook Asia: After a solid '07, what's next?
International Herald Tribune - ... looks set to start strongly in the region, many are hedging their predictions or are anticipating a slowdown in the second ... austerity measures" took effect during the year, with changes in bank-lending policies making it much harder to get mortgages. ...
2007-12-28 04:41:00 -
Property prices still falling since 2006
Belfast Telegraph - The average price for a new house in Dublin was €412,000 - a fall of 3.3 percent in three months. According to the Irish Independent, second-hand houses in the capital fell by almost eleven percent. Overall 21,200 people took out mortgages between ...
2007-12-27 11:26:00 -
Treasury 10-Year Notes Rise; Stock Losses Fan Demand for Safety
Bloomberg - ... notes rose for a second day as Asian stocks declined and economists said a U.S. government report will show sales of new homes fell in November. U.S. government debt headed for its best year since 2002 as defaulted subprime mortgages sent ...
2007-12-28 12:52:00 -
Money-Market Rates Fall as Bank Measures Curb Squeeze (Update2)
Bloomberg - Dec. 28 (Bloomberg) -- The cost of borrowing in dollars, euros and pounds fell, capping a second week of declines, as ... Switzerland and Canada are responding to losses of more than $80 billion on securities linked to U.S. subprime mortgages this ...
2007-12-28 04:41:00 -
Q&A with Wachovia CEO Ken Thompson
Boston Globe - Our second mortgage portfolio is totally originated through our bank branches -- we didn't go out and buy second mortgages through brokers. So that gives us a level of conservatism that many others may not have. Q: Have you been in contact with the ...
2007-12-27 03:34:00 -
Australian Dollar Gains for Second Week as Metal Prices Climb
Bloomberg - Australian Dollar Gains for Second Week as Metal Prices Climb By David McIntyre Dec. 28 (Bloomberg) -- The Australian dollar ... as global financial institutions reported losses of more than $80 billion on securities linked to U.S. subprime mortgages ...
2007-12-27 10:29:00 -
U.S. Muni Bond Sales May Fall in 2008 on Fewer Refinancings
Bloomberg - Refundings such as a $1.5 billion deal by Puerto Rico were postponed, scaled back or canceled in the second half as benchmark yields rose. Ripple effects from soaring defaults on subprime mortgages prompted investors to demand higher ...
2007-12-28 05:10:00 -
Property prices fall for second month
This is Money - Mortgages & homes - House prices ... There was more evidence today of a slowing housing market after a major survey revealed prices fell for the second month in ...
2007-12-28 01:06:00 -
FTSE down as credit fears weigh on banks
International Herald Tribune - The UK's property market also felt the impact of the global credit turmoil, which stemmed from a meltdown in risky U.S. subprime mortgages. A survey showed British house prices fell for a second straight month in December, taking the annual rate of ...
2007-12-28 04:34:00 -
Start now to repair broken budget (USA Today)
Just in time for 2008, here are 10 tips for getting financially fit.
2007-12-27 09:15:09 -
House prices fall again in December (Guardian Unlimited)
Prices fell for second month running in December in further sign of market cooling, Nationwide says
2007-12-28 02:01:49