Mortgage and Financial News From 2007-10-11 Page 18

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  • Mortgage Credit Crunch? | By Michael Sullivan (Hospitality Net)

    Introduction: Over the summer, much discussion has arisen over the so-called credit crunch, and what effects it may have on the hospitality business both for existing hotels and to-be-built hotels, planned for the future. Below are some of the facts that have generally taken place in the hotel mortgage markets in the last few months: • Mortgage money has gotten “tighter”, meaning lenders who say ...
    2007-10-11 04:23:42

  • White House says mortgage coalition to help borrowers (Boston Globe)

    WASHINGTON - The Bush administration introduced a new mortgage industry coalition yesterday aimed at helping homeowners avoid being trapped in a rising tide of foreclosures.
    2007-10-11 03:33:56

  • South Bay Muslims Offer Real Estate Solutions

    KGO - Tariq Yusufzai, a homeowner in Santa Clara, was able to refinance his home in June through the coop. "In the western world and especially the United States, the whole financing industry revolves around interest. You won't find zero percent, 30 year ...
    2007-10-10 05:52:00

  • Rock of Ages Announces Quarry Division COO Transition

    Forbes - ... his commitment to his young family ultimately led him to take advantage of this new opportunity, which is closer to home ... in such forward-looking statements due to numerous factors, including the following: our ability to renew or refinance our ...
    2007-10-11 04:36:00

  • Qatar Steel delays $1.34b loan on credit crunch

    Khaleej Times - Qatar Steel is latest Gulf Arab firm to shelve borrowing plans after defaults on US home loans triggered higher corporate financing costs around the world in July and made banks more reluctant to lend. The company wanted the cash to refinance debt and ...
    2007-10-11 05:19:00

  • How to lose your home in a few easy steps

    MSNBC - Her monthly take-home pay was $2,000. She started eating at her savings to pay the mortgage. Toothman tried to refinance the loan to lower the monthly payment, but she was unable to qualify. In late 2005, Toothman decided to sell. But prices were ...
    2007-10-08 05:54:00

  • Housing slowdown is likely to persist

    San Diego Union-Tribune - They've tightened lending standards, making it harder for homeowners to refinance or for new buyers to enter the market – exacerbating the slowdown in home sales. Homeowners should think twice about putting their home on the market, said Appleton ...
    2007-10-11 01:16:00

  • Countrywide Reports September 2007 Operational Results

    MSN MoneyCentral - Non-purchase fundings include first trust deed refinance loans, home equity refinance loans, and stand-alone home equity loans. (5) Includes loans held for sale, loans held for investment, and loans serviced for others ...
    2007-10-11 04:58:00

  • New boom is in home foreclosures

    Herald Tribune - The couple did not have enough insurance and twice had to refinance their home to meet their medical bills. Dipping into their home’s equity and shifting to an adjustable-rate mortgage to cover their costs drove their monthly mortgage payments from ...
    2007-10-11 01:59:00

  • State home prices forecast to fall

    Inside Bay Area - As a result, the mortgage industry has tightened lending standards, making it harder for homeowners to refinance or for new buyers to enter the market — exacerbating the slowdown in home sales. The conditions are likely to persist into next year ...
    2007-10-11 06:02:00

  • Home prices to fall 4% in '08 (Long Beach Press-Telegram)

    Realtors at Anaheim Expo forecast biggest drop in median price in 15 years. ANAHEIM - The state's median home price will incur the biggest drop in 15 years, as sales slide to their lowest point in more than 20 years, a forecast issued Wednesday shows.
    2007-10-11 12:14:43

  • US economy looks 'rosy' despite obvious recession

    Pravda - First, if, as seems likely, the mortgage and CDO portfolios of investment banks are not in such bad shape as feared, credit markets could see a quick turnaround, the evidence of which was already there last week in the easing of LIBOR spreads on Fed ...
    2007-10-11 01:23:00

  • Swiss Franc Declines to Record Low Against Euro on Rate Outlook

    Bloomberg - ... Bank is in ``wait-and-see mode'' after the collapse of the U.S. subprime-mortgage ... risks'' as defaults on U.S. subprime mortgages push up the cost of credit and threaten global economic growth. ``We have to be prepared to have bad news ...
    2007-10-11 02:56:00

  • Foreclosure rate dips, seen staying high

    MSNBC - ... dip in foreclosures last month, it appears unlikely that the wave of bad loans ... The pace of foreclosures has been fueled by a wave of adjustable rate mortgage resets ... expected to decline over the next few months, according to data assembled by Credit ...
    2007-10-11 05:19:00

  • The Great Subprime Credit Fake-Out (Forbes)

    Beware the home builders, but forget recession. It's still buy-the-world.
    2007-10-10 02:56:53

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