Mortgage and Financial News From 2007-11-11 Page 7
Previous Day: 2007-11-10
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Latest housing victim: Mortgage insurers (MSNBC)
As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices — but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims.
2007-11-11 12:05:03 -
FT interview: José Manuel González-Páramo
Financial Times - González-Páramo: Volatility in the overnight rates has gone down - that is ... transparency and with measures that try to ensure that conflict of interest is not a ... Steps like these would mark an improvement on the current situation, which would be ...
2007-11-11 03:50:00 -
Washington: Out of Tune With Growth
Forbes - The time-tested path to recovery is through sounder money, lower tax rates, freer ... As the weak-dollar trend embedded itself during the Fed's ultralow interest rate ... To see past Current Events columns, visit our Web site at www.forbes.com ...
2007-11-11 06:27:00 -
Million-dollar homes saturating mountain market?
WTVD - ... since October 2006, reaching a point where it would take more than 2 1/2 years for the inventory to be sold at current rates ... Interest rates have been very low, so that's allowed people to buy more houses, and baby boomers have been inheriting money ...
2007-11-11 12:32:00 -
EPF money may be invested in capital market
Business Standard - ... Central Board of Trustees (CBT) of the EPF has decided to pay 8.5 per cent interest rate to the four crore subscribers for 2006-07 and the rate for the current ... cannot be paid less than the market rates in the scenario of hardening interest rates ...
2007-11-11 10:52:00 -
Print this page on
Business Standard - Growth rates in sales and profits have been low in Q2 FY08 as expected while the stock ... This is in addition to the current problems like the appreciating rupee and firm domestic interest rate scenario. Sandeep Nanda, head of research ...
2007-11-11 11:21:00 -
Area's new-home doldrums
Philadelphia Inquirer - ... active-adult housing market - which exists primarily for people who have built up 30 years of equity in their current ... It's bad even though interest rates are great. Some builders are even going as far as saying that it's dead." Maybe not dead, but ...
2007-11-11 09:19:00 -
Bernanke sees slower growth ahead in U.S.
International Herald Tribune - Bernanke told the Joint Economic Committee of Congress that the central bank is watching developments closely, but gave no signal that it was prepared at the current time to cut interest rates even further. Fed policymakers cut a key interest rate ...
2007-11-07 03:57:00 -
Seventeen sectors recorded negative growth, says survey (The Hindu)
Low growth attributed to rising interest rates and strong rupee
2007-11-11 12:14:26 -
U.K. Home Prices May Fall on `Toxic' Conditions, Citigroup Says
Bloomberg - Home Prices May Fall on `Toxic' Conditions, Citigroup Says By John Fraher Nov. 9 (Bloomberg) -- U.K. house prices may ... Values dropped for a second month in October, the first back-to-back decline since May 2005, mortgage lender HBOS Plc said ...
2007-11-09 08:53:00 -
Mortgage insurers question longevity
Jackson Clarion-Ledger - A sign is seen inside the interior of an unoccupied single-family home offered in a lender foreclosure home auction in Burbank, Calif., in this Oct. 11 photo. As the housing market crumbles, homeowners are worried about mortgage payments. Damian ...
2007-11-11 02:38:00 -
Old Republic Buys Competitor Stakes
CNBC - These companies underwrite mortgage insurance policies, which are contracts promising to reimburse a lender if a borrower fails to repay a home loan. The industry has struggled this year as more lenders submit claims stemming from missed mortgage ...
2007-11-09 12:49:00 -
Broker Backlash Inside
Santa Rosa Press Democrat - Most common types of high-rate loans taken out by buyers in Sonoma County in past two years / E6 LENDER'S TAKE During the heyday of the housing boom, mortgage brokers made hefty profit in commissions / E6 EXERCISING CAUTION Home buyer evades temptation ...
2007-11-11 11:13:00 -
US mortgage slump won't hurt UAE banks much -cbank
Guardian Unlimited - The exposure to high-risk U.S. home loans, was marginal and limited to a few ... Subprime mortgage defaults triggered a global credit crunch in July, forcing banks ... Abu Dhabi Commercial Bank , the second largest lender in Abu Dhabi emirate, said ...
2007-11-10 09:37:00 -
Whitley mortgage officer at Opteum
Athens Banner-Herald - Jana Whitley recently joined Opteum Mortgage, a national mortgage lender, as a loan officer. Whitley has nearly five years of mortgage experience and a background in home building, real estate and loan processing. Whitley is responsible for ...
2007-11-10 10:56:00