Mortgage and Financial News From 2007-11-7 Page 17

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• Fewer houses sold

  Olympian - Year-to-date home sales also have been stable, and recent Federal Reserve interest rate cuts could help prospective buyers or current home owners who need to refinance their mortgages, Wilkins said. The October data for both single-family houses and ...
  2007-11-07 02:50:00

• Foreclosures on Growth Spurt

  Columbian - Some have been unable to refinance because of tightened lending restrictions. Slumping home sales and a rising inventory of houses listed for sale make it more difficult for these homeowners to sell their houses for the amount that they owe, let ...
  2007-11-07 09:16:00

• CBA vows record run will go on

  News.com.au - COMMONWEALTH Bank chief Ralph Norris yesterday signalled the country's largest home lender was in line to produce another ... JP Morgan analyst Brian Johnson believes CBA has been enticing non-bank borrowers to refinance with price-leading offers. "I ...
  2007-11-07 05:56:00

• Washington Mutual shares tumble after sees loan losses

  Reuters - Delinquencies and defaults are mounting as falling home prices leave hundreds of thousands of borrowers unable to refinance. Capital markets also seized up, saddling lenders with losses on subprime and other loans that investors will not buy. ...
  2007-11-07 09:38:00

• Quebecor World unloads European business

  Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... World is “not out of the woods yet,” saying he expects it will come to the debt market in the near term to refinance ...
  2007-11-07 10:14:00

• Australia's September Home Loans Down 0.7% On Month (Nasdaq)

  (RTTNews) - Home loans in Australia declined by 0.7 percent in September from August, according to data released Wednesday by the Australian Bureau of Statistics.
  2007-11-06 05:09:29

• Teenager Charged In Children's Home Fire (CBS 46 News Atlanta)

  A teenager living at a Decatur children's home is accused of setting one of the home's buildings on fire.
  2007-11-07 03:37:14

• Dead, Sick Dogs Removed From Washington Co. Home (WPXI Pittsburgh)

  Dogs in danger and a local woman facing fines. How police made the disturbing discovery. SLIDESHOW: Photos Of Rescued Dogs VIDEO: Dead Dogs Removed From Home
  2007-11-07 05:30:25

• Southwest Houston Home Catches Fire (KPRC Local 2 Houston)

  HOUSTON -- A family escaped from their burning southwest Houston home on Wednesday, KPRC Local 2 reported. Houston firefighters battled the blaze on Neff Street near Waldo Drive at about 7:15 a.m.
  2007-11-07 06:03:33

• Family's Home Looted During, After Fire Evacuation (KGTV San Diego)

  SAN DIEGO -- A San Marcos family forced to evacuate during the wildfires came home to find looters had gone through their home stealing jewelry and a VCR, police said.
  2007-11-07 07:36:01

• U.S. MBA's Mortgage Applications Index Fell 1.6% Last Week (Bloomberg.com)

  Nov. 7 (Bloomberg) -- Mortgage applications in the U.S. fell last week for the first time in more than a month, led by a decline in refinancing. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan decreased 1.6 percent to 670.6.
  2007-11-07 05:10:12

• Citigroup calls on Richard Stuckey to solve subprime assets

  New York Daily News - ... Term Capital Management's bad bets nine years ago, will manage Citigroup's $43 billion of subprime mortgage assets. Stuckey, who has been with the company since 1983, will oversee most of the bank's securities linked to homeowners with poor credit ...
  2007-11-06 10:47:00

• Insider Q&A: At long last, credit bear proven right

  CNBC - Too many experts were in denial about the mortgage credit bubble, says Barry Ritholtz, a money manager, financial TV personality ... plenty of upside in doing that, in finding these things before the rest of the universe says, 'OK, things aren't so bad ...
  2007-11-06 01:50:00

• No end in sight for global credit woes

  Big Pond News - Shareholders of the Commonwealth Bank have been told it could be some time before normal conditions are restored on global credit markets. The shakeout on world markets was triggered by loans going bad at the risky end of the US mortgage market and ...
  2007-11-06 10:32:00

• Capital One boosts forecast for bad loans in 2008

  Reuters - Last: NEW YORK, Nov 6 (Reuters) - Capital One Financial Corp (COF.N: Quote , Profile , Research ), which shut down its GreenPoint Mortgage Inc unit this year, on Tuesday boosted its forecast for credit losses in 2008, citing rising credit card ...
  2007-11-06 02:40:00

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