Mortgage and Financial News From 2007-9-28
Previous Day: 2007-09-27
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Nightwatch: Spoken loudly
Minneapolis Star Tribune - Sitting in the audience during a spoken-word show at the Loft is like stumbling into a very personal ... positive factors ME writes of Va. Tech morgue scene; ringing cellphones of victims 'unsettling' Rates on 30-year mortgages rise for second ...
2007-09-27 03:23:00 -
Freddie Mac to pay $50 million over misstated-earnings charges
AZCentral.com - The events shocked Wall Street, where Freddie Mac, the nation's second-largest buyer and guarantor of home mortgages, long had enjoyed a reputation as a steady performer and reliable corporate player. McLean, Va.-based Freddie Mac paid a then-record ...
2007-09-27 07:40:00 -
Home-equity loans becoming too risky for most investors
Providence Journal - Mitchell says lenders are balking at most second mortgages, also known as home-equity loans, because they suddenly appear too risky for most investors who would be candidates to buy packages of these loans. “When someone runs into financial trouble ...
2007-09-27 04:13:00 -
Dollar Hits Another Low Against Euro
US News and World Report - ... Department reported Thursday that sales of new homes tumbled 8.3 percent in August to the lowest level in seven years, a stark sign that the credit crisis, triggered by bad U.S. mortgages, is aggravating an already painful housing slump. In a second ...
2007-09-27 11:08:00 -
China Tightens Rules To Cool Property Market
Forbes - Effective immediately, the minimum down payment on mortgages for a second home has been raised to 40% of the total sale price, up from 30%, and the corresponding amount for all commercial properties to 50%. Buyers of these two categories of real ...
2007-09-28 12:20:00 -
AP Business NewsBrief at 12:22 a.m. EDT
CNBC - Freddie Mac Pays $50M to Settle Charges news://newsclip.ap.org/D8RU84080@news.ap.org WASHINGTON (AP) _ Freddie Mac, the nation's second-largest financer of home mortgages, is paying a $50 million fine to settle civil securities fraud charges brought ...
2007-09-27 09:21:00 -
Sacramento's First Mutual Company Selects Local Second Angel ...
Forbes - Second Angel Bancorp, headquartered in Fair Oaks, invests in commercial real estate mortgages throughout the Sacramento region and California. It specializes in providing short-term construction loans to builders and developers. Income Strategies ...
2007-09-27 08:52:00 -
Rates on 15-year, 30-year mortgages rise; ARMs decline
Baltimore Sun - WASHINGTON - Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. Freddie Mac, the mortgage company, reported yesterday that 30-year fixed-rate mortgages averaged 6.42 percent this week, up from ...
2007-09-28 12:12:00 -
Freddie Mac Pays $50M to Settle Charges (Washington Post)
WASHINGTON -- Freddie Mac, the nation's second-largest financer of home mortgages, is paying a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year accounting lapse.
2007-09-27 09:49:33 -
Freddie Mac pays $50M settlement (CNN.com)
WASHINGTON (AP) -- Freddie Mac, the second-largest financier of home mortgages in the United States, is paying a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year accounting lapse.
2007-09-27 11:25:19 -
Freddie Mac Reports 45 Percent Drop in Second-Quarter Profit Due to Bad Loan Provision (Canadian Business)
Alan Zibel August 30, 2007 - 12:01 a.m. WASHINGTON (AP) - Freddie Mac, the nation's second-largest buyer and guarantor of home mortgages, said Thursday its second-quarter profit fell 45 percent as it had to record larger provisions on its books for bad loans.
2007-09-27 03:59:53 -
Rates on 30-year mortgages rise for second consecutive week (The York Dispatch)
WASHINGTON -- Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.42 percent this week, up from 6.34 percent last week.
2007-09-27 10:02:15 -
Rates on 30-year mortgages rise for second consecutive week after hitting 4-month low (Deseret Morning News)
Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low.
2007-09-27 09:43:19 -
Taipei shares close flat as profit-taking erodes Wall St-led gains ...
Forbes - The broad market was supported by liquidity-driven interest given the upswing in the ... International Bank is planning to sell 10 bln twd worth of residential mortgage ... News and its third party content providers for your personal information only ...
2007-09-27 11:37:00 -
Profit Growth in U.S. May Hit Five-Year Low on Housing Slump
Bloomberg - Pasadena, California-based IndyMac Bancorp, the second- biggest U.S. mortgage ... Short Interest Wolseley Plc, the world's biggest distributor of plumbing ... to sort of hide from the currency woes, make sure you're not buying foreign only ...
2007-09-27 11:44:00