Mortgage and Financial News From 2007-11-11 Page 6
Previous Day: 2007-11-10
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Inflation figures to give pointer on rate rises (Australian Broadcasting Corporation)
The Reserve Bank is expected to indicate today if further interest rate rises will be necessary after last week's 0.25 per cent increase.
2007-11-11 12:29:37 -
Union Bank sees dollar, interest rate steady (Globes Online)
The Bank of Israel is expected to keep the interest unchanged, for now.
2007-11-11 03:09:54 -
Westpac raises variable interest rates in line with RBA rise (The West Australian)
Westpac Banking Corporation Ltd has passed last week’s official interest rate rise onto its variable home loan customers. The bank also said that it had not passed on higher funding costs triggered by the global liquidity crisis at this stage.
2007-11-11 03:37:35 -
Westpac raises variable interest rates (Adelaide Now)
WESTPAC has passed last week's official interest rate rise onto its variable home loan customers.
2007-11-11 03:15:00 -
The smiling son betrayed by his country
Scotsman - GORDON Gentle faced the future with a smile. As a pupil at Bonnyholm Primary School in Pollok, Glasgow, his dreams extended no further than the football field. As a young man, unemployed but anxious to better himself, he was persuaded by the army ...
2007-11-10 11:03:00 -
Federal Treasurer says 'trust us'
Australian Broadcasting Corp. - How would they manage four per cent unemployment with home mortgage rates being at 8.5? CHRIS UHLMANN: When we look at what we ... Well, Chris, when you’re actually looking at debt, the best measure of debt is to compare debt with assets. Because ...
2007-11-10 04:48:00 -
The "R" word
Herald Tribune - ... many of the same characteristics -- overpriced housing, soaring delinquency rates ... job in his area directly affects another 1.5 to 2 workers -- everyone from mortgage ... Compare that with July 2007, when sales fell 12.3 percent in Charlotte, 11.7 ...
2007-11-11 07:46:00 -
Apartment REITs may gain
Milwaukee Journal Sentinel - Bad news in the housing market might be good news for some investors. Housing starts are at four-year lows, building permits are declining, home inventories are at record highs and mortgage defaults are soaring. A.D. "Tony" Beadell says this ...
2007-11-11 01:58:00 -
Cookie-cutter approach is a half-baked idea
Seattle Times - A worker who retires without paying off a home mortgage should be more cautious than one who has no mortgage. A lower-income worker with Social Security benefits, a pension and a mortgage-free home can be more aggressive than a high-income worker who ...
2007-11-11 12:08:00 -
HSBC expected to write down an extra $1bn
Times Online - Since HSBC reported its first writedown in February, the group has closed its Decision One sub-prime lending operation, ceased buying high-risk home loans from other lenders and, on Thursday last week, shut its mortgage-backed securities unit, with ...
2007-11-11 01:29:00 -
The Business Week -- News You Need to Know
BusinessWeek - Cuomo also indicated that his investigation now goes well beyond Washington Mutual ( WM ), a Seattle lender he has been scrutinizing to find out whether it colluded with appraisers to increase home values—and thus mortgage amounts. The Power of Puzzles
2007-11-11 12:54:00 -
Simpson's firm owes $145K in liens, taxes
Daily Advance - American Health owner Andrea Simpson said last week that construction never got under way on the structure because of setbacks to both American Health and his real estate business, American Home Mortgage. The setbacks to American Health included a 34 ...
2007-11-11 10:52:00 -
Inflated home appraisals part of growing foreclosure crisis
Detroit Free Press - When an appraiser hired by your mortgage company confirms that the house you bought is worth what you paid, that's reassuring. But what if the appraiser was pressured to fudge the number? What if the house is actually worth $20,000 or $40,000 less ...
2007-11-11 05:58:00 -
PERSONAL BUSINESS -- PRIVATE MORTGAGES
BusinessWeek - Ron Kuhlman's friend was in trouble. After he lost his job and fell behind on his mortgage, the bank foreclosed, though it hadn't yet evicted him, his wife, and three children from their home in Horton, Mich. Enter Kuhlman, a Brooklyn (Mich ...
2007-11-11 12:54:00 -
Latest housing victim: Mortgage insurers
MSNBC - Most mortgage lenders typically require home buyers to pay for mortgage insurance when they put down less than 20 percent of their home's value. Payouts to the lenders are triggered when borrowers miss payments on home loans. And with falling home ...
2007-11-11 12:46:00