Mortgage and Financial News From 2007-10-22 Page 3

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  • Lenders Curb New Mortgages in Weaker Areas

    Wall Street Journal - ... Charter One, a unit of Citizens Financial Group Inc., turned down one of his clients who was seeking to refinance a $108,000 mortgage. ... are being told to drive by the property to get a better estimate of its value instead of just running information ...
    2007-10-22 06:14:00
  • Americas Watchdog Warns All Homeowners About 'No Cost/No Point Mortgages' (PRWeb via Yahoo! News)

    Americas Watchdog is one of the most quoted sources in the United States about residential mortgages and or predatory mortgage lending, and they are warning all US consumers to avoid slick advertising gimmicks from mortgage lenders or banks that profess to offer homeowners mortgages with no points, no fees, no costs or 1% interest rates.
    2007-10-22 12:01:00
  • Americas Watchdog Warns All Homeowners About 'No Cost/No Point Mortgages' (PRWeb)

    Americas Watchdog is one of the most quoted sources in the United States about residential mortgages and or predatory mortgage lending, and they are warning all US consumers to avoid slick advertising gimmicks from mortgage lenders or banks that profess to offer homeowners mortgages with no points, no fees, no costs or 1% interest rates. According to Americas Watchdog; "there is no such thing as ...
    2007-10-22 12:31:44
  • Reward Offered After Dead Dog Found In Container (WCVB Boston)

    A $2,500 reward is being offered for information that will help authorities arrest and convict whoever left a dog sealed inside a plastic tub in Stratham.
    2007-10-22 04:46:56
  • CalCORP Mortgage Program Educates Californians to Avoid Foreclosures (PR Newswire via Yahoo! Finance)

    Among the top 10 metro areas with the largest number of foreclosure filings are six California cities. Merced topped the list followed by Modesto, Stockton, Riverside-San Bernardino, Vallejo-Fairfield, and Sacramento.
    2007-10-22 07:42:00
  • Reward Offered For Information On Dog Left In Container (WMUR New Hampshire)

    STRATHAM, N.H. -- A $2,500 reward is being offered for information that helps authorities arrest and convict whoever left a dog sealed inside a plastic tub in Stratham.
    2007-10-22 08:46:15
  • UK's economic growth built on unsustainable foundations, new studies ...

    Times Online - Savings rates of mortgage-holders have deteriorated far more quickly than have those of people without mortgages, it said. Oliver Marc Hartwich, the Policy Exchange chief economist and lead author of the report, said: “Other European economies have ...
    2007-10-22 01:27:00
  • CMHC Releases Comprehensive Report on Housing in Canada

    CNW Group - Housing Finance (Chapter 5) ----- - From a record low of 5.99 per cent in 2005, mortgage rates rose to an average posted rate of 6.66 per cent for a five-year term mortgage in 2006. They were still low ...
    2007-10-22 01:34:00
  • 70,000 buyers could lose their homes in mortgage crisis

    This is London - Thousands of buyers who have chosen to self-certify their income, rather than have to prove it, have taken out this type of expensive mortgage. However, they are now struggling to make repayments and could find they are soon paying interest rates of ...
    2007-10-22 06:28:00
  • Fitch Downgrades Option One's Servicer Ratings; Remain on Watch ...

    Forbes - Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within some of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat ...
    2007-10-22 02:03:00
  • Credit Crunch Rocks Global Markets

    Guardian Unlimited - ... assessment from brokers at Citigroup compounding the impact of the wider market sell-off. Markets have been under pressure since August due to a tightening in wholesale money markets, sparked off by soaring default rates among high risk mortgage ...
    2007-10-22 05:09:00
  • Echo of Black Monday as blue chips hammered

    The Independent - Markets have been under pressure in recent months due to a tightening in wholesale money markets, sparked off by soaring default rates among high risk mortgage borrowers in America. The London market had rallied earlier this month, with the ...
    2007-10-22 05:31:00
  • Australian, N.Z. Currencies Rebound After U.S. Stocks Advance

    Bloomberg - The trades are considered risky because the currencies' moves can erase the profit earned on the borrowing and lending rates. The two currencies slid in August as rising subprime mortgage defaults in the U.S. reduced the amount of credit available ...
    2007-10-22 05:02:00
  • To Keep Homes, More People Bet On Bankruptcy

    Wall Street Journal - Titus benefited from having a fixed-rate mortgage, but many homeowners are facing adjustable-rate mortgages that are resetting to much higher monthly rates. Some can't even afford their new mortgage payments, let alone repay mortgage arrears, overdue ...
    2007-10-22 05:09:00
  • House-boom halt predicted

    Stuff - That would push fixed- mortgage rates above 9% and hit the housing market which has already seen a big slump in sales volumes and flat median prices in the last few months. Big banks have floating mortgage rates at 10.55%, with most two-year fixed ...
    2007-10-22 01:56:00