Mortgage and Financial News From 2007-9-21 Page 2

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  • NATIONWIDE REWARDS LOYALTY WITH FEE FREE MEMBER EXCLUSIVE MORTGAGE

    ePolitix.com - At 5.98% and no reservation fee, this five year fixed rate mortgage is the lowest in the market, with better rates than Alliance and Leicester, Britannia, Cheltenham and Gloucester and HSBC. Over 250,000 borrowers will see their two year fixed rate ...
    2007-09-21 04:31:00

  • Market Report -- Story Stocks ()

    MSN MoneyCentral - ... the week higher thanks to the Federal Reserve's decision to lower interest rates ... the Bank of England had provided emergency funding to the beleaguered mortgage lender ... poor data on New Home Starts and Building Permits, which fell to their lowest level ...
    2007-09-21 01:35:00

  • Lower U.S. rates damp dollar demand

    International Herald Tribune - ... dollar on speculation the Federal Reserve would keep cutting U.S. interest rates. ... The central bank's trade-weighted dollar index was at its lowest since its ... rate half a point to 4.75 percent to prevent the collapse of the subprime-mortgage ...
    2007-09-21 12:02:00

  • Dollar Falls Against Canadian Dollar; Near Record Low Per Euro (Bloomberg.com)

    Sept. 21 (Bloomberg) -- The dollar fell to the lowest since 1976 against Canada's currency and traded near a record low against the euro on speculation the Federal Reserve will keep cutting interest rates.
    2007-09-20 11:19:30

  • Dollar Falls to Record Versus Euro, 31-Year Low Versus Canadian (Bloomberg.com)

    Sept. 21 (Bloomberg) -- The dollar fell to a record low against the euro and sank to the lowest in almost 31 years versus Canada's currency on speculation the Federal Reserve will keep cutting U.S. interest rates.
    2007-09-21 01:30:38

  • GE introducing home loans at lowest rates (IBN live)

    GE money has launched a home loan product with a floating rate of 9.99%.
    2007-09-21 09:23:57

  • Rates on 30-year mortgages rise slightly after hitting 4-month low (Contra Costa Times)

    WASHINGTON -- Rates on 30-year mortgages, after dropping to their lowest point in four months, edged up this week. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.
    2007-09-21 03:58:41

  • HSBC shuts down subprime mortgage unit

    BusinessWeek - PROSPECT HEIGHTS, Ill. HSBC Finance Corp., a unit of HSBC Holdings Plc., said Friday it will close its wholesale mortgage lender Decision One Mortgage. Decision One originates subprime mortgages through brokers. Subprime mortgages are loans given to ...
    2007-09-21 09:53:00

  • On Wall Street: An unhealthy faith in the Fed's problem solving ...

    MSN MoneyCentral - Whatever the Fed does, the "structured product" market – where bankers performed their now infamous alchemy on subprime mortgage loans – is just not going to provide anything like the wave of cheap credit it once did. That all feeds through into ...
    2007-09-21 11:27:00

  • HSBC Shuts Decision One in Planned Retreat

    Wall Street Journal - Decision One wasn't the source of HSBC's subprime problems and the exit reflects more HSBC's decision to tighten lending standards and scale back its mortgage business. It will continue to originate loans through a network of nearly 1,300 branches in ...
    2007-09-21 08:23:00

  • Mortgage meltdown marks false real-estate economy

    Fort Worth Business Press - The Perfect Storm is still gaining strength as we’ve yet to see the peak of a colossal meltdown in the lending industry. During a 10-year span, mortgage investors have been extremely aggressive in creating niche mortgage loans to accommodate just ...
    2007-09-21 03:23:00

  • Billionaire eyes American Home Mortgage unit

    Newsday - Ross, who has made a fortune investing in distressed industries including steel and textiles, formed a new entity called AH Mortgage Acquisition Co. on Sept. 6 to buy the unit, which services $57 million in loans and has recently been plagued by ...
    2007-09-21 03:51:00

  • HSBC shuts wholesale lending arm

    MSN MoneyCentral - HSBC continued the restructuring of its US mortgage business, which has suffered heavy losses on subprime loans, by announcing the closure of its wholesale lending arm with the loss of 750 jobs. HSBC, which is under pressure from activist shareholder ...
    2007-09-21 04:34:00

  • Center for Responsible Lending Supports Plan to Extend Bankruptcy ...

    Forbes - Miller and the Judiciary Committee to allow judges to modify abusive subprime mortgage loans and keep people in their homes. About the Center for Responsible Lending The Center for Responsible Lending is a non-profit, non-partisan research and policy ...
    2007-09-21 02:33:00

  • Banks start raising mortgage interest rates

    China Post - TAIPEI, Taiwan -- Bank SinoPac and Taishin International Bank took the lead to raise their interest rates for mortgage loans to reflect the higher capital cost after the Central Bank of the Republic of China (Taiwan) -- CBC -- increased its benchmark ...
    2007-09-21 07:05:00

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