Mortgage and Financial News From 2007-9-28 Page 14

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  • Banks join hands to force VND interest rate down (Vietnam Net)

    VietNamNet Bridge – Commercial banks have sat together and reached an agreement on lowering deposit and lending VND interest rates, which they could not do in the past.
    2007-09-28 02:54:13

  • China Bank Raises Mortgage Interest Rate (AP via Yahoo! Finance)

    China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices.
    2007-09-28 01:46:17

  • BoT has room to further cut policy interest rate, says banker (MCOT - TNA English News)

    BANGKOK, Sept 28 (TNA) – The Bank of Thailand’s Monetary Policy Committee has a room to cut the policy interest rate by 25-50 basis points this year following the US Federal Reserve’s move to slash key interest rates by half a percentage point, according to a top banker.
    2007-09-27 07:56:47

  • BoT can further cut policy interest rate, says banker (Business Day)

    BANGKOK, Sept 28 – The Bank of Thailand’s Monetary Policy Committee has maneuvering room to cut the policy interest rate by 25-50 basis points this year following the US Federal Reserve’s move to slash key interest rates by half a percentage point, according to a top banker.
    2007-09-27 10:28:46

  • Beware of Car Lease Pitfalls (Fox News)

    With home foreclosure rates rising and economic volatility the norm, it's easy to understand why more people might want to get out from under a $400-per-month car lease that stretches on for two or three years more.
    2007-09-28 06:50:45

  • Looking for a homebuying loan? Freddie Mac is offering to help

    Honolulu Advertiser - Freddie Mac, a company established by Congress in 1970 to help finance home mortgage lending, in early 2005 created a flexible loan product called Home Possible for consumers with less than the best credit. Since partnering with Central Pacific and ...
    2007-09-28 03:54:00

  • Futures drop on oil, caution before data

    CNBC - HOME ... Also speaking of a possible recession, the chief executive officer of Freddie Mac, the No. 2 U.S. mortgage finance company ...
    2007-09-28 04:37:00

  • Short sale an alternative to home foreclosure

    Nashua Telegraph - If you can no longer make your mortgage payments, and your home is now worth less than you owe on it, foreclosure may not be your only option. A short sale – in which the lender allows the sale of a home for less than it is worth and forgives the ...
    2007-09-28 05:42:00

  • Consumer spending up, prices tame

    CNBC - HOME ... many analysts think it will have to reduce them further in order to cushion an expected slowdown stemming from U.S. mortgage ...
    2007-09-28 06:10:00

  • Dollar Falls to Record Low Versus Euro on Economy, Fed Outlook

    Bloomberg - The yen rose earlier against the dollar on speculation losses related to subprime mortgage defaults will spread in the U.S. and Europe. The Financial Times said Northern Rock Plc, a U.K. bank bailed out by the Bank of England, borrowed a ...
    2007-09-28 06:32:00

  • China raises mortgage requirements to cool soaring home prices

    MSN UK News - Chinese regulators have raised mortgage interest rates and will require bigger down payments in an effort to rein in soaring housing prices, the government said Friday. The announcement adds to a string of measures imposed by the government to cool ...
    2007-09-28 12:05:00

  • Home-loan payment shock said seen ahead

    Reuters UK - LONDON (Reuters) - Mortgage holders are expected to face a "payment shock" as rising interest rates and turbulence in the credit markets increase the cost of their loans, a report said on Friday. "Borrowers who took out two-year fixed rate mortgages ...
    2007-09-28 04:37:00

  • Builders throw in freebies to reduce home inventory

    Dallas Morning News - The job has been made even harder by recent tightening of the home mortgage market and tougher lending standards. Plus, many potential homebuyers have stepped back from the market to see how the housing sector shakes out. "Right ...
    2007-09-28 07:08:00

  • Feds target mortgage fraud; 18 charged in S. Florida

    Miami Herald - Mortgage brokers, appraisers, title agents, loan officers and phony buyers took out more than $50 million in fraudulent home loans to buy luxury condos in South Beach and homes in Southwest Ranches, federal prosecutors charged Thursday. Some of the ...
    2007-09-28 03:47:00

  • Feds target mortgage fraud; 18 charged in S. Florida (Miami Herald)

    Mortgage brokers, appraisers, title agents, loan officers and phony buyers took out more than $50 million in fraudulent home loans to buy luxury condos in South Beach and homes in Southwest Ranches, federal prosecutors charged Thursday.
    2007-09-28 12:30:48

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