Mortgage and Financial News From 2007-9-28 Page 12

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  • UK mortgage borrowers seen facing 'relatively severe' payment shock ...

    Forbes - ... Bank of England base rate since last summer would have been testing enough, but recent events in financial markets have meant an even sharper increase in wholesale funding costs for lenders, who are passing those costs on to borrowers in the mortgage ...
    2007-09-28 04:30:00

  • Edwards reverses course, says he will accept public campaign financing ...

    CNBC - One online question noted his connection to subprime mortgage lenders that have foreclosed on homes in New Orleans. In August, Edwards redirected roughly $16 million invested in Fortress Investment Group after learning that two subprime mortgage ...
    2007-09-28 05:13:00

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    USA Today - State officials point to a rash of complaints claiming developers, appraisers, mortgage lenders and brokers were charging blacks and Hispanics higher mortgage rates and fees and discriminating in other ways. "We were sort of out there learning about ...
    2007-09-28 05:13:00

  • Brazil Stocks Fall From Record on Growth Concern: Latin Stocks

    Bloomberg - The measure fell in July as defaults by subprime mortgage lenders prompted investors to flee riskier assets such as Brazilian stocks. Petrobras Declines Petrobras lost 0.8 percent from a record as investors perceive this month's ...
    2007-09-28 09:17:00

  • A Better Broker Price Opinion to Support Better Decisions

    Forbes - Established in 1977, Pro-Teck improves risk management for Mortgage Lenders, Mortgage Servicers, Secondary & Capital Markets and Insurance Underwriters. Specializing in configured solutions, a full suite of services are available, including on-line ...
    2007-09-28 06:53:00

  • Pound Libor Soars as Northern Rock Borrows More Cash From BOE

    Bloomberg - ... The cost of borrowing pounds rose after the Financial Times newspaper reported that Northern Rock Plc had been forced to borrow more money from the Bank of England to stay in business, rekindling concern about other U.K. mortgage lenders. ...
    2007-09-28 04:09:00

  • Homeowners face payment shock

    Financial Times - Standard & Poor’s, the ratings agency, said that 80,000 UK borrowers who are due to come to the end of existing mortgage deals now face a huge “payment shock” because subprime mortgage lenders have been pushing up interest rates and tightening ...
    2007-09-28 05:56:00

  • China bank ups mortgage interest rates (AP via Yahoo! News)

    China has raised mortgage interest rates and increased the down payment needed for loans to finance purchases of second homes, the central bank said in a notice seen Friday.
    2007-09-27 10:45:08

  • Tummy tuck loan? You bet

    Detroit News - Any balance that carries over will be assessed at an interest rate comparable to a store card, likely in the 20-percent range, so Lee plans to pay it off quickly. For Francie Finnegan, 56, signing up for CareCredit was a quick and easy way to finance ...
    2007-09-28 08:05:00

  • ECB Rates, Economic Reports, Tesco Earnings: Europe Week Ahead

    Bloomberg - Sept. 28 (Bloomberg) -- The European Central Bank's interest-rate decision and reports on manufacturing and service industries in Europe may move stock markets next week. Earnings from Tesco Plc may also affect markets next week. ``The ECB's interest ...
    2007-09-28 04:45:00

  • Market ends on record high

    News.com.au - Mr Lewis said the US interest rate speculation and resource stocks carried the market into another record high. "BHP and Rio once again surged to new record highs, each gaining more than two per cent on the back of stronger base metal prices overnight ...
    2007-09-28 07:22:00

  • Bank jitters pressure shares, money markets

    Reuters - Equities have risen from the August trough after U.S. interest rate cuts, but investors are keen to scrutinize more data to see if the economy is slowing down enough to warrant further easing in monetary policy. "There is a degree of nervousness ...
    2007-09-28 08:55:00

  • Thomson Selling $800M of Notes

    Forbes - The Thomson Corp., which provides financial news and information, said Friday it is selling $800 million of notes due Oct. 1, 2014. The notes have an annual interest rate of 5.7 percent and the company anticipates the offering will close on Oct. 2 ...
    2007-09-28 05:42:00

  • Dollar hits all-time low for second day

    Reuters - LONDON (Reuters) - The dollar hit an all-time low against a basket of major currencies for the second consecutive day on Friday, pressured by worries about the health of the U.S. economy and likelihood of more interest rate cuts. By 1029 GMT, the ...
    2007-09-28 08:41:00

  • Credit card rates to jump

    News.com.au - IN a move that could trigger a wave of rate increases across the credit card industry, ANZ Bank is raising interest charges on its entire range of cards. The rate increases -- up to 0.25 per cent on popular cards such as the ANZ Mastercard Low ...
    2007-09-28 07:22:00

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