Mortgage and Financial News From 2007-9-28 Page 6

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  • Fitch Rates Public Service Co. of New Hampshire's $70MM Bonds 'BBB+'; Outlook Stable (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings has assigned a 'BBB+' rating to Public Service Company of New Hampshire's $70 million 6.15% first mortgage bonds due September 2017. The net proceeds of the new bond offerings will be used to refinance short-term debt and finance anticipated capital expenditures.
    2007-09-28 09:43:00

  • Facing Foreclosure (Washington Post)

    Q: DEAR BOB: We are three months behind on our mortgage payments because of illness and unemployment. The loan servicer has been uncooperative when we have tried, several times, to make partial payments. Last week, the servicer began the foreclosure process by recording the legal documents. So far we have heard from three lawyers who specialize in bankruptcy. They tell us to file for bankruptcy ...
    2007-09-28 03:04:31

  • Online Mortgage Portal Receives Spike in Refinance Applications after the Fed Cut Rates (PRWeb via Yahoo! News)

    LendingGateway.com receives hundreds of online enquires to get into a fixed rate despite the interest rate drop.
    2007-09-28 12:01:00

  • Refinance decision keyed to savings (Baltimore Sun)

    Mortgage rates are dropping, right? Time to start the process of refinancing your mortgage.
    2007-09-28 12:45:28

  • Turmoil stokes savings rates

    Reuters UK - LONDON (Reuters) - A war in the savings market has intensified, amid a global credit crunch that has hit Northern Rock and caused a string of lenders to raise their mortgage rates. Savers are continuing to reap the rewards of the squeeze that has ...
    2007-09-28 03:26:00

  • Fixed-rate mortgages rise; adjustables drop

    Boston Online - 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 ...
    2007-09-28 06:53:00

  • Unsold Homes in U.S. May Reach 6.5 Million, CreditSights Says

    Bloomberg - In contrast to previous housing downturns, the current slump is driven by excessive inventories,'' Lee and Rowin said. ``The traditional drivers of housing demand -- mortgage rates and employment -- have shown signs of recent weakness which will only ...
    2007-09-28 01:06:00

  • The 42.35% Chance: A Chat with Greenspan

    CNBC - On the “housing bubble,” he said that the United States was one of more than 40 countries  in which interest rates – and mortgage rates – fell dramatically around the world because of “disinflationary” pressures resulting from the end of ...
    2007-09-28 01:34:00

  • LION Announces Sale of Mortgage 101 Website Property

    Forbes - The Mortgage 101 website is a consumer portal that connects potential mortgage applicants with a network of mortgage lenders who offer mortgage programs, rates and services. The website also provides education to home buyers and owners through ...
    2007-09-28 12:51:00

  • Fitch Rates J.P. Morgan Chase Commercial Mortgage Securities Trust ...

    Forbes - Classes A-1, A-2, A-3, A-4, A-SB, A-1A, X-2, A-M, A-MFL, and A-J are offered publicly, while classes X-1, B, C, D, E, F, G, H, J, K, L, M, and N are privately placed pursuant to rule 144A of the Securities Act of 1933. The certificates represent ...
    2007-09-28 10:14:00

  • Britannia warns of challenges in mortgage market

    Daily Telegraph - Britannia Building Society warned that the mortgage market is set to become more challenging, as lending rates become more expensive and demand from customers slows. Neville Richardson, Britannia's chief executive, said a much-anticipated lowering of ...
    2007-09-28 02:10:00

  • Less Housing Angst in Britain?

    BusinessWeek - And though the Bank of England has raised interest rates by 1.25 percentage points since July, 2006, the accompanying rise in mortgage rates hasn't dramatically slowed home sales. "Homebuilders are in the driving seat as long as the consensus for ...
    2007-09-28 01:56:00

  • Nationwide joins rush to raise mortgage rates

    Daily Mail - Rise: Nationwide is putting rates up Key mortgage rates will go up from Tuesday, the biggest building society said yesterday. The move by the Nationwide will see the cost of new tracker mortgages rise by up to 0.2 per cent. It follows similar ...
    2007-09-28 02:17:00

  • Consumers expect mortgage interest rates to rise

    MSN MoneyCentral - Nearly 57 percent of area consumers expect mortgage interest rates to rise over the next six to 12 months, according to the latest WSU Consumer Expectations Survey. The survey says 26 percent of respondents thoughts rates would remain stable, while ...
    2007-09-28 01:13:00

  • Mortgage rates creep up

    MSN MoneyCentral - Fixed rates for 30-year mortgages at Hawaii's four largest banks buoyed back up after sinking below 6 percent last week. American Savings Bank and Bank of Hawaii hit 6.125 percent with 1.625 points, while Central Pacific HomeLoans, a subsidiary of ...
    2007-09-28 02:17:00

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