Mortgage and Financial News From 2007-10-11 Page 7

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  • Parking Information For Wake-FSU (WXII-TV Winston-Salem)

    Because of the Wake Forest vs. Florida State football game Thursday night, along with another event at Joel Coliseum, here are parking instructions for people visiting either venue.
    2007-10-11 09:12:21

  • Teen Arrested On Bank Fraud Charges (WJXT Jacksonville)

    JACKSONVILLE, Fla. -- A teenage VyStar Credit Union employee was recently charged with bank fraud. Police said 19-year-old Jaleesa Ide sold sensitive customer information.
    2007-10-11 05:20:23

  • Countrywide's Cash-Strapped, But CEO Cashes In

    Forbes - Rising delinquencies and default rates have plagued the mortgage industry for most of 2007. Countrywide, which previously packaged most of its loans as securities and sold them in the secondary market, saw the market for these securities dry up as ...
    2007-10-11 03:56:00

  • Pound Falls as Report Shows House Prices Drop Most in Two Years

    Bloomberg - Prices fell for the first time in nine months in September as mortgage rates rose and lenders became more cautious, according to a report last week by HBOS Plc, the country's biggest mortgage lender. Real-Estate Slowdown The ...
    2007-10-11 09:58:00

  • Credit panic will hurt minorities: Countrywide CEO

    Reuters - LOS ANGELES (Reuters) - Gaps in home ownership rates between minorities and whites will increase because of a change in the U.S. mortgage industry, caused by a credit panic, the chief executive of Countrywide Financial Corp (CFC.N: Quote , Profile ...
    2007-10-11 04:32:00

  • Struggling homeowners won't find Fed aid

    The Washington Times - The Federal Reserve's recent rate cut won't help millions of people facing spikes in their monthly mortgage bills. That's partly because their mortgage rates and terms are set by global investors in London, rather than in the United States ...
    2007-10-11 04:03:00

  • Foreclosures Doubled in September as Loan Rates Rise (Update6)

    Bloomberg - The adjustable loans have lower introductory, or ``teaser,'' rates that can re-set by 50 percent to 100 percent after two or three years, meaning that a $1,500 mortgage payment can increase to as much as $3,000 after the adjustment, Sharga said ...
    2007-10-11 01:40:00

  • Mortgage bill focuses on ability to repay

    Reuters - Because many mortgage products have low initial repayment rates, the ability to repay these types of loans would include a calculation that amortizes payments over the life of the mortgage. Lenders would also have to take into account a borrower's ...
    2007-10-11 03:49:00

  • Some local mortgage rates up slightly

    MSN MoneyCentral - Fixed rates on 30-year mortgages ticked up nationally this week, with two of Hawaii's four largest banks following suit. First Hawaiian Bank and Central Pacific Bank held onto 6-percent rates but increased points for the loans, with First Hawaiian ...
    2007-10-11 04:32:00

  • Mortgage rates move up on jobs report (EARTHtimes.org)

    Revised September employment figures triggered an upward move of mortgage rates, Freddie Mac said in its weekly report Thursday. The 30-year fixed-rate mortgage this week averaged 6.40 percent with an average 0.4 point, up from last week's 6.37. The 15-ye...
    2007-10-11 09:07:31

  • Mortgage rates heading up (CBC British Columbia)

    Canadian banks have begun to raise mortgage rates by up to a quarter of a percentage point to reflect the rising cost of raising money in the bond market.
    2007-10-11 07:24:36

  • U.S. mortgage rates move up following strong employment data (Market Watch)

    CHICAGO (MarketWatch) -- Mortgage rates rose this week, following the release of September employment figures, Freddie Mac's chief economist said on Thursday.
    2007-10-11 08:40:29

  • Mortgage rates move up on jobs report (UPI)

    Revised September employment figures triggered an upward move of mortgage rates, Freddie Mac said in its weekly report Thursday.
    2007-10-11 08:57:07

  • Mortgage rates edge up (CNN Money)

    Mortgage rates climbed this week following the release of employment figures, Freddie Mac reported Thursday.
    2007-10-11 07:52:17

  • First Advantage Corporation to Hold Third Quarter 2007 Earnings ...

    Forbes - First Advantage is a leading provider of consumer credit information in the mortgage, automotive and specialty finance markets ... systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; insurance fraud ...
    2007-10-11 01:55:00

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