Mortgage and Financial News From 2007-9-20 Page 12

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  • Fed's rate cut won't directly affect mortgage rates

    ScrippsNews - Whenever the Fed cuts the federal funds rate, customers call mortgage lenders, eagerly expecting to take advantage of a drop in mortgage rates. By the time these phone calls are over, customers frequently feel disappointed and even suspicious. It ...
    2007-09-20 11:42:00

  • Mortgage lending slows down

    BBC News - "We see no obvious decline in consumer demand, although some decrease in the supply of lending is being experienced in the short term as a result of the problems lenders face in raising wholesale funding," he added. Although some mortgage deals have ...
    2007-09-20 03:57:00

  • UK Aug gross mortgage lending falls to 32.2 bln stg vs 34.1 bln in ...

    Forbes - LONDON (Thomson Financial) - Mortgage lending fell by 6 pct between August and July as the housing market showed signs of cooling, figures from the Council of Mortgage Lenders showed. In its monthly survey the CML said gross mortgage lending fell to ...
    2007-09-20 02:45:00

  • U.S. Commercial Paper Slump Extends to Sixth Week (Update4)

    Bloomberg - The buyers' freeze shut out borrowers including mortgage lenders Countrywide Financial Corp. and Thornburg Mortgage Inc. as well as GMAC LLC and investment company Cheyne Finance Plc. GMAC, the lender owned by Cerberus Capital Management LP ...
    2007-09-20 02:55:00

  • Calyx Software and LoanToolbox Launch Second Seminar for Mortgage ...

    Forbes - Calyx Software(R) is dedicated to helping mortgage brokers, mortgage bankers, and direct lenders increase their profitability by providing reliable and affordable software that streamlines and optimizes all phases of the loan process. The Calyx ...
    2007-09-20 12:39:00

  • Bucking Trend, Digital Risk Expands Operations, Adds Personnel

    Forbes - Mortgage lenders are reengineering expectations and we can help them determine what good mortgage-backed securities looks like." The company has offices in Dallas and Jacksonville, but all new employees will join its downtown Orlando operations ...
    2007-09-20 10:09:00

  • Bernanke `Working' to Avoid a Repeat of Subprime Rout (Update4)

    Bloomberg - The Fed and other banking regulators on Sept. 4 called on mortgage lenders to stave off foreclosures by cutting or postponing home payments for cash-strapped borrowers. The Bush administration on Aug. 31 also enlarged a home-loan insurance program to ...
    2007-09-20 11:06:00

  • FTSE down as credit worries bite

    MSN UK News - LONDON (Reuters) - The top share index fell on Thursday, as worries over Northern Rock and other mortgage lenders returned, halting the previous session's euphoria that was triggered by an aggressive U.S. rate cut. The FTSE 100 index
    2007-09-20 10:52:00

  • Paulson signals fresh moves to boost liquidity

    Financial Times - The US on Thursday signalled fresh steps to improve liquidity in credit markets and guard against future shocks to the global financial system. Hank Paulson, the US Treasury secretary, said government-backed mortgage lenders could play a role in ...
    2007-09-20 02:19:00

  • FTSE falls 0.8% as Northern Rock leads banks down

    Reuters - LONDON, Sept 20 (Reuters) - Britain's top share index fell by midday on Thursday as a further slide in embattled Northern Rock (NRK.L: Quote , Profile , Research ) pulled other mortgage lenders lower, but M&A news boosted Sainsbury (SBRY.L: Quote ...
    2007-09-20 02:41:00

  • Britain's FTSE down as credit worries bite

    Reuters - LONDON, Sept 20 (Reuters) - Britain's top share index fell on Thursday, as worries over Northern Rock (NRK.L: Quote , Profile , Research ) and other mortgage lenders returned, halting the previous session's euphoria that was triggered by an ...
    2007-09-20 02:41:00

  • Google sees Web search less exposed to mortgage woes

    Reuters - NEW YORK, Sept 20 (Reuters) - U.S. mortgage lenders are cutting advertising budgets due to a global credit squeeze, but they are not likely to reduce Internet search marketing anytime soon, executives at search leader Google Inc said on Thursday. A ...
    2007-09-20 03:02:00

  • Mortgage rates rise slightly (Bankrate.com)

    The Federal Reserve cut interest rates this week. So naturally, mortgage rates went along for the ride, right? Wrong. The benchmark 30-year fixed-rate mortgage rose 4 basis points, to 6.32 percent, according to the Bankrate.com national survey of large lenders.
    2007-09-20 04:41:58

  • Mortgage lending slows down (BBC News)

    Mortgage lending slowed down slightly in August, says the Council of Mortgage Lenders.
    2007-09-20 02:22:47

  • Dollar drops, gold soars, oil at record over $84

    Reuters - NEW YORK (Reuters) - The dollar sank to a record low against the euro and fell to parity with the Canadian currency for the first time in 31 years on Thursday, driving up gold and oil prices, as the Federal Reserve's interest-rate cut continued to ...
    2007-09-20 02:27:00

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