Mortgage and Financial News From 2007-11-7 Page 2

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  • Watch List (Nov. 4-10): Many Shall Fall… (CoStar Group)

    In this week’s issue, Bill Miller, chairman of Legg Mason Capital Management, tells us that the fear dominating housing stocks and mortgage related securities will evaporate soon and when it does, woe to the stocks that are popular today. Also: our readers...
    2007-11-07 02:20:43
  • Australia central bank lifts rates to 11-year high

    Reuters - The rate rise is the first ever during a national election campaign in Australia, where rising mortgage rates are a sensitive topic, dealing a blow to a coalition government trailing the opposition in opinion polls ahead of a November 24 vote. In a ...
    2007-11-05 03:53:00
  • Citigroup Inc., former CEO sued in US federal court over subprime ...

    CNBC - These actions were reckless due to the impending subprime mortgage crisis and increasing delinquency rates among subprime borrowers." The derivative suit follows a separate lawsuit filed earlier this week in New York on behalf of participants or ...
    2007-11-07 02:10:00
  • Construction boom to boost growth: report

    Reuters Canada - Rising mortgage rates and the potential spillover effects from the U.S. subprime mortgage crisis suggest a downturn is in the making for Canadian housing starts. But commercial and industrial projects will pick up the slack, argues Warren. "The ...
    2007-11-07 03:07:00
  • Commonwealth refuses to rule out a bigger rise in interest rates

    The Australian - While no borrower welcomes higher housing mortgage rates, artificially constraining interest rates in the short-term can result in higher official interest rates as inflationary pressures are not adequately constrained." In a further warning ...
    2007-11-07 03:50:00
  • UPDATE 1-U.S. mortgage applications fall in Nov 2 week-MBA

    Reuters - Fixed 30-year mortgage rates rose 1 basis point to 6.16 percent last week, the MBA said. The rate on 1-year adjustable mortgages increased to 5.94 percent from 5.93 percent. (Reporting by Al Yoon; Editing by Theodore d'Afflisio) ...
    2007-11-07 04:01:00
  • Tax cuts erase rates pain: PM

    News.com.au - PEOPLE are getting more money back from the Coalition's tax cuts than they are spending on mortgage increases, Prime Minister John Howard has said. Rejecting the idea that the tax cuts were fuelling the inflation which prompted yesterday's interest ...
    2007-11-07 04:40:00
  • UPDATE 1-U.S. mortgage bond prepayments increase in October

    Reuters - Last: NEW YORK, Nov 7 (Reuters) - Prepayments on U.S. mortgage-backed securities increased in October as additional calendar days and lower mortgage rates offset a continuing deterioration in the housing market, according to Wall Street analysts. The ...
    2007-11-07 10:35:00
  • Business backs PM on rates

    The Australian - The Prime Minister, whose campaign slogan has been "Go for Growth", yesterday apologised to home buyers for the rate increase, which will lift standard mortgage rates to 8.55 per cent. He stressed that the Government had played no part in the ...
    2007-11-07 07:39:00
  • NAB raises mortgage rates

    News.com.au - NATIONAL Australia Bank (NAB) Ltd has raised its variable home loan rate by a quarter of a percentage point after the Reserve Bank of Australia's (RBA) rise. The RBA increased the official cash rate by 0.25 percentage points to 6.75 pct yesterday ...
    2007-11-07 08:15:00
  • Rates cut by MPC seen as unlikely (The Herald)

    City pundits expect the Bank of England to keep interest rates steady at 5.75% when it announces its latest policy decision today despite recent turbulence in the financial markets sparked by the US sub-prime mortgage crisis, record oil prices and a credit squeeze.
    2007-11-07 04:22:40
  • Week-to-week mortgage applications fall 1.6%, MBA says (Market Watch)

    CHICAGO (MarketWatch) -- With mortgage rates little moved, the volume of mortgage applications filed last week decreased a seasonally adjusted 1.6% compared to the prior week, the Mortgage Bankers Association reported Wednesday.
    2007-11-07 04:18:36
  • NAB first bank to raise variable mortgage rates (The West Australian)

    National Australia Bank Ltd has raised its variable home loan rate by a quarter of a percentage point following the Reserve Bank of Australia’s hike in official interest rates.
    2007-11-07 08:37:36
  • Johansen High boys, girls remain in pool

    Modesto Bee - 3 accused of mortgage fraud (46) REVIEW: Lockington leading symphony to whole new level (9) Workplace: Short supply of workers (8) YMCA in Poor Health (8) Drought helping Ga. pecan crop (8) Multiple crashes kill 2 on foggy 99 (8) Prank leaves police ...
    2007-11-07 09:31:00
  • Oakdale soccer leaves visiting Center in its wake

    Modesto Bee - 3 accused of mortgage fraud (46) REVIEW: Lockington leading symphony to whole new level (9) Workplace: Short supply of workers (8) YMCA in Poor Health (8) Drought helping Ga. pecan crop (8) Multiple crashes kill 2 on foggy 99 (8) Prank leaves police ...
    2007-11-07 09:38:00