Mortgage and Financial News From 2007-10-22 Page 14

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  • ECB policymakers say growth OK, differ on inflation

    Reuters - But they gave conflicting assessments of the inflation outlook, suggesting there is no consensus for any quick move to raise interest rates past their current 4 percent level. ECB Executive Board member Juergen Stark said inflation risks had increased ...
    2007-10-22 09:45:00

  • Housing Shortage To Worsen (Australasian Investment Review via Yahoo!7 Finance)

    When the Consumer Price Index figures for the September quarter are released on Wednesday look for a fair bit of discussion about the impact of rising rents, interest rates and the impact of falling home affordability, on the level of prices. By some calculations, housing costs, which include rents, are now probably the single largest influence on the CPI: that was the case in the June quarter. ...
    2007-10-21 03:28:00

  • European real estate sector coming under increasing pressure - S&P (Sharewatch)

    MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said the recent financial market turmoil and rising interest rates have begun to rattle European real estate sector, giving rise to early signs of anxiety in a market that had previously seemed invulnerable.
    2007-10-22 04:32:11

  • Groups Want New Leased Access Rate From Martin (MultiChannel News)

    Washington – In a private meeting with Federal Communications Commission chairman Kevin Martin, public interest groups sought adoption of new rules designed to reduce the rates that third-party programmers pay to lease channel capacity from cable operators.
    2007-10-22 08:30:49

  • Opposition party wins landslide victory in Poland elections, ousting ...

    Charleston Gazette - Both Tusk and Kaczynski favor good relations with the United States, but Tusk argues Poland has not gotten enough from its close ties with Washington and wants the country's 900-strong detachment in Iraq to come home. He also says Poland should drive ...
    2007-10-21 11:23:00

  • Caisse de Depot Property Unit May Invest C$1.6 Billion in India

    Bloomberg - ICICI Venture Funds Management Co., a unit of India's most valuable lender ... Closer to home, SITQ owns more than C$1 billion worth of buildings each in New ... Rates for a 10-year commercial mortgage rose to more than 400 basis points above ...
    2007-10-22 07:58:00

  • Flowers Sallie Mae Failure Proves He's No Schwarzman (Update3)

    Bloomberg - Even as Flowers considers a bid for U.K. mortgage lender Northern Rock Plc, his lawyers are scheduled to be in court today in ... Home Depot The threat of legal action around the trio's $10.3 billion acquisition of Home Depot Inc.'s ...
    2007-10-22 09:02:00

  • Preview of opening day in Shields trial

    Kansas City Star - Katheryn Shields, 60: Seven of her co-defendants earlier pleaded guilty to conspiracy to defraud a mortgage lender in the proposed $1.2 million sale of her home. The house actually was worth about $800,000, according to an appraiser among the seven ...
    2007-10-20 05:54:00

  • Historic home at center of protracted legal battle

    Blue Springs Examiner - The home, which dates back to 1834, is now at the middle of a legal battle ... She said unspecified personal problems caused her to fall behind on mortgage payments ... Such a lawsuit alerts a potential purchaser or lender that a property's title is in ...
    2007-10-22 09:02:00

  • Complete Financial Solutions, Inc. Offers Displaced Mortgage ...

    Forbes - Upon completion of the bank acquisition, CFSI will operate both as a full-scale lender and as an insurance dealer. The ... Financial planners would then sell our insurance products to their customers as well as our own, and as a home mortgage is a ...
    2007-10-22 07:08:00

  • Reserve Fund Announced That Could Spur $100 Million in Home ...

    Forbes - ... this effort, borrowers can conveniently pay for property renovation as part of a refinance of an existing mortgage, or finance a new home ... work with the borrower to authorize payments to contractors from the loan proceeds held by the lender ...
    2007-10-22 08:27:00

  • Ahead of the Bell: Mortgage Finance Down

    MSN MoneyCentral - Evidence of this turned up last week, when mortgage insurer PMI Group Inc. forecast a third-quarter loss. And Washington Mutual Inc., the nation's third-largest home lender, reported a 72 percent drop in third-quarter earnings as lower home prices ...
    2007-10-22 06:11:00

  • U.S. Stocks Decline on Growth Concern; Exxon, Newmont Retreat

    Bloomberg - Countrywide Financial Corp., the biggest U.S. mortgage lender, sank 62 cents to $14.61. Lehman lowered its recommendation on the stock to ``underweight'' from ``equal weight'' and downgraded the mortgage-finance industry to ``negative'' from ``neutral
    2007-10-22 07:29:00

  • Countrywide Bounces Back

    Street.Com - There is no way of telling how large the embedded losses are in any mortgage lender's portfolio, especially when it comes to home equity loans and layered risk loans." The news comes as investors brace for Countrywide's third-quarter earnings report ...
    2007-10-22 09:02:00

  • Biggest Mortgage Lenders

    Forbes - Bank of America $0.38 trillion In depth mortgage production by lender, as well as subprime, Alt-A, home equity and conforming originations are reported. Volume by quarter since 2003 also reported at: http://www.MortgageDaily.com ...
    2007-10-22 04:02:00

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