Mortgage and Financial News From 2007-9-28 Page 18

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  • China's central bank ups mortgage interest rates, down payment for 2nd ...

    MSN UK News - China has raised mortgage interest rates and increased the down payment needed for loans to finance purchases of second homes in a ... Have you been paying attention to the headlines this week? Test your knowledge of current affairs in the MSN UK News ...
    2007-09-28 01:31:00

  • Mortgage woes taking a toll (The Record)

    Home sales dropped in August for the sixth month in a row, reflecting the recent mortgage crunch, the National Association of Realtors reported Tuesday. And the NAR said it expects similar results for September.
    2007-09-27 11:59:42

  • Home Front: Why Fed's rate cut didn't ease the pain of mortgage ...

    Sacramento Bee - I've had calls from five or six clients wanting to refinance," says Kaempfer. Not yet, he says. Disney comes to your home News now from the Department of Working Every Angle: Los Angeles-based KB Home has teamed up with Walt Disney Co. to paint its ...
    2007-09-27 11:58:00

  • Arsenal Soccer Suitor Usmanov Raises Stake to 23% (Update1)

    Bloomberg - The club now takes 3.1 million pounds at every home game. United has is considering issuing bonds backed by future match- day revenue of 3 million pounds a game to refinance 660 million pounds of debt, the Daily Telegraph said June 6. ...
    2007-09-28 01:53:00

  • Refinance decision keyed to savings

    Baltimore Sun - Is now the right time to refinance your mortgage, or should you wait until later in the year when interest rates might drop ... How much home equity do you have? In other words, what will the debt-to-value ratio be for this property? Let's start with ...
    2007-09-28 12:12:00

  • Authorities say woman, 85, lost thousands in home repair scheme

    Herald Tribune - Detectives said the mortgage broker -- whose name was not released Thursday -- helped refinance the home nine times between 2001 and 2006. Sassani often told Fretwell and the broker that she could not afford the home repairs, which included new ...
    2007-09-28 01:53:00

  • Authorities say woman, 85, lost thousands in home repair scheme (Sarasota Herald-Tribune)

    BRADENTON -- An 85-year-old widow living alone here was bilked out of hundreds of thousands of dollars in a home improvement scheme that has forced her to put her home up for sale, authorities say.
    2007-09-28 02:08:38

  • New-Home Sales Hit 7-Year Low In Aug. (Investor's Business Daily via Yahoo! Finance)

    New-home sales fell to a seven-year low in August and prices dived by the most since 1970, the Commerce Department said Thursday, as the housing...
    2007-09-27 04:00:00

  • New-Home Sales Hit 7-Year Low In Aug. (Investor's Business Daily via Yahoo! News)

    New-home sales fell to a seven-year low in August and prices dived by the most since 1970, the Commerce Department said Thursday, as the housing slump continued to deepen.
    2007-09-27 04:00:00

  • Bill Clinton Says U.S. Economy May Face Recession (Update1)

    Bloomberg - ... Bloomberg) -- Former President Bill Clinton said the U.S. may be facing a recession because of a crisis in the home mortgage ... have also been hurt by a growing number of home foreclosures as defaults spread from subprime borrowers with bad credit to ...
    2007-09-27 02:54:00

  • ECONOMIC REPORT: New-home Sales Plunge 8.3% To Seven-year Low

    Beurs.nl - The bad news is that the August data only partially reflect tighter mortgage credit conditions,' wrote Richard Moody, chief economist for Mission Residential. The carnage in the mortgage industry in August could affect homes sold months ago, but only ...
    2007-09-27 09:28:00

  • Corn Farms Prosper, but Subsidies Still Flow

    Washington Post - These include a 51-cent tax credit that gasoline manufacturers get on every gallon ... using crop insurance and tax-exempt savings accounts to tide farmers over in bad ... The bank still holds a mortgage on his land, Handsaker notes. Ethanol prices have been ...
    2007-09-27 10:39:00

  • AP Business NewsBrief at 3:56 a.m. EDT

    CNBC - ... percent in August to the lowest level in seven years was the latest round of bad ... China Bank Ups Mortgage Interest Rates news://newsclip.ap.org/D8RU9AN00@news.ap.org ... tumbled in August to the lowest level in seven years, a stark sign that the credit ...
    2007-09-28 01:03:00

  • Bank Earnings Likely to Get Pinched by Credit Crunch

    CNBC - prepared the banks were for this summer's credit crunch. Analysts and investors are ... will also weigh whether depressed share prices already reflect expected bad news ... The KBW Mortgage Finance Index was down 22 percent, including a 57 percent decline at ...
    2007-09-27 10:58:00

  • Recession insulation seen for Texas

    Dallas Morning News - Falling home prices, tightening credit, fears of recession ... the news just keeps ... And Texans watching all the bad news and seeing consumer confidence plummet ... So I just go to the mortgage market and get money," said Barton Smith, an economics ...
    2007-09-28 12:34:00

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