Mortgage and Financial News From 2007-9-28 Page 7

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  • China's central bank hikes mortgage rates

    CNN Money - SHANGHAI, China (AP) -- 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. The widely expected ...
    2007-09-28 01:49:00

  • 30-year mortgage rates rise again (Contra Costa Times)

    WASHINGTON -- Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. Mortgage company Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.
    2007-09-28 04:00:23

  • Mortgage rates up for 3rd straight week (Moldova.org)

    U.S. mortgage rates were up for the third consecutive week, the weekly Freddy Mac primary mortgage survey reported Thursday. The 30-year fixed-rate mortgage averaged 6.42 percent with an average 0.5 point this week, up from last week’s 6.34 percent. The 15-year FRM this week averaged 6.09 percent with an average 0.5 point, up from last week’s 5.98 percent. Five-year Treasury-indexed hybrid ...
    2007-09-28 04:38:04

  • Fitch Rates $301.9MM Lehman Mortgage Trust Mtge P-T Ctfs 2007-9 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates Lehman Mortgage Trust $301.9 million mortgage pass-through certificates, series 2007-9, as follows: $301.9 million classes 1-A1, 1-A2, 1-A3, 2-A1 through 2-A8, AP, AX and R 'AAA'.
    2007-09-28 12:32:00

  • Fitch Rates $648.4MM CSMC Mortgage-Backed Trust 2007-6 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Rates CSMC Mortgage-Backed Pass-Through Certificates, Series 2007-6 as follows: $648.4 million classes A-1 to A-9, A-IO, AR and AR-L 'AAA'.
    2007-09-28 02:01:00

  • Fitch Rates $668.5MM CWALT Mortgage P-T Ctfs Series 2007-25 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates CWALT, Inc.'s mortgage pass-through certificates, Alternative Loan Trust 2007-25 as follows: $621,524,259 classes 1-A-1 through 1-A-8, 1-X, 1-PO, 2-A-1, 2-A-2, 2-X, 2-PO and A-R certificates 'AAA'; $27,213,000 class M certificates 'AA'; $8,399,000 class B-1 certificates 'A'; $3,359,600 class B-2 certificates 'BBB'; $5,711,400 privately offered class B-3 certificates ...
    2007-09-28 01:26:00

  • Mortgage rates rise (The Cincinnati Post)

    WASHINGTON - Freddie Mac, the mortgage company, reported Thursday that the average rate for 30-year, fixed-rate mortgages rose for the second straight week this week to 6.42 percent, up from 6.34 percent last week. Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 6.09 percent this week, up from 5.98 percent last week.
    2007-09-28 05:01:00

  • 30-year mortgage rates higher (The Record)

    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.
    2007-09-28 03:59:14

  • China raises mortgage rates, down payments for second homes (Lincoln Journal Star)

    SHANGHAI, China — 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 03:50:06

  • Bristol settles drug marketing probe

    Denver Post - ... Bristol-Myers Squibb is the latest in a series of settlements the Justice Department has reached with pharmaceutical companies over illegal marketing of their drugs. Sullivan's office has been particularly aggressive in prosecuting health care fraud ...
    2007-09-28 11:40:00

  • Freddie Mac settles SEC fraud charges

    Earthtimes - WASHINGTON, Sept. 28 Freddie Mac, the government-sponsored mortgage funding company, has agreed to pay $50 million to settle new U.S. government fraud charges. Additionally, four former executives settled charges of negligence without admitting or ...
    2007-09-28 06:10:00

  • 8 at tax preparation company face fraud charges

    AZCentral.com - Eight family members who operated a Gilbert-based tax-preparation business have been charged with income-tax fraud. ... Authorities said that for more than six years the eight allegedly prepared false income-tax returns and forged mortgage ...
    2007-09-28 12:51:00

  • FBI faces deep cuts in programs to fight crime

    Seattle Post Intelligencer - FBI insiders, reciting a litany of concerns, such as public corruption, violent crime and mortgage fraud, say the criminal program already has been cut to the bone. "They are beyond looking at any body fat," one said. "They are lopping off limbs." ...
    2007-09-26 05:54:00

  • Freddie Mac, Ex-Officials Settle Fraud Charges

    Washington Post - ... investors and regulators over its alleged accounting manipulations, yesterday agreed to pay $50 million to settle new charges that its conduct amounted to securities fraud. In addition, four former executives of the government-sponsored mortgage ...
    2007-09-28 04:02:00

  • Economic summit to feature experts, dignitaries Oct. 4

    WMI Central - The White Mountain Chapter of Women's Council of Realtors presents the Second Annual NE Arizona Economic Summit Thursday, Oct. 4. Meet with experts and dignitaries in the area of mortgage fraud/foreclosures, water issues, economic development impact ...
    2007-09-28 08:34:00

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