Mortgage and Financial News From 2007-9-20 Page 18

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  • Bush Optimistic About Economy

    Forbes - ... some economists that the housing slump and higher mortgage costs could lead to a recession even in spite of action earlier this week by the Federal Reserve to cut short-term interest rates ... The president requested a simple extension of the current ...
    2007-09-20 10:59:00

  • U.K. Gross Mortgage Lending Falls In August- CML

    RTT News - Gross Mortgage Lending Falls In August- CML 9/20/2007 1:17:08 PM The U.K.'s Gross Mortgage Lending by banks ... It makes sense for consumers to continue to plan for rates at or about their current levels for the foreseeable future - we are not out ...
    2007-09-20 09:33:00

  • Goldman Net Rises 79% On Strong Banking Results

    Wall Street Journal - Shrugging off major disturbances in the credit and mortgage markets, Goldman Sachs ... The Federal Reserve Board's larger-than-expected cuts in interest rates this week ... Though some merger deals may not be consummated in the current environment and high ...
    2007-09-20 10:45:00

  • Business Minute: Stocks under pressure...Dollar drubbing...Bear ...

    WDAM-TV - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money ... He's offering fresh assurances that regulators would take steps to contain the mortgage meltdown. NEW YORK (AP) - Wall ...
    2007-09-20 06:13:00

  • Greenspan Says Recession Still Possible After Fed Cut (Update2)

    Bloomberg - ... somewhat more'' than one in three even after this week's cut in interest rates ... Greenspan reiterated he was wary of the Fed taking part in regulating the mortgage market, adding ``I don't know the answer'' of whether it is proper for the current ...
    2007-09-20 08:29:00

  • U.K. Lawmakers Widen Probe of Bank to FSA, Treasury (Update1)

    Bloomberg - ... the run on deposits held by the Newcastle-based mortgage lender. Brown, who became prime minister in June after serving a decade as finance minister, established the current financial framework where the central bank sets interest rates, the ...
    2007-09-20 10:45:00

  • OECD Chief Suggests European Rate Cut

    Forbes - Federal Reserve for cutting interest rates and suggested that the European ... and liquidity, most notably Britain's Northern Rock PLC, where a run on the mortgage ... King initially spoke against central bank action in the current crisis, saying ...
    2007-09-20 10:38:00

  • Mortgage lending hit by credit crisis

    Daily Telegraph - Mortgage lending across the UK fell by 6pc in August and could drop further should the liquidity crisis in the ... It makes sense for consumers to continue to plan for rates at or about their current levels for the foreseeable future – we are not ...
    2007-09-20 09:40:00

  • Mortgage APR system 'confusing'

    Channel 4 News - The current way of comparing mortgage rates is outdated and confusing for consumers, according to a report. The use of a so-called Annual Percentage Rate (APR) to compare the cost of different home loans is an "ineffective and confusing" indicator of ...
    2007-09-20 09:19:00

  • Mortgages: Congress Acts, But It's Tardy (BusinessWeek Online via Yahoo! News)

    The House of Representatives passed a bill on Sept. 18 that would allow the Federal Housing Administration (FHA), a government agency that insures mortgages for low- and middle-income borrowers, to back refinanced loans for borrowers who are delinquent on payments because their mortgages are resetting from low "teaser" rates. This is the first act of mortgage-related legislation since the ...
    2007-09-20 05:08:40

  • U.K. Gross Mortgage Lending Falls In August- CML (Nasdaq)

    (RTTNews) - The U.K.'s Gross Mortgage Lending by banks, building societies and specialist lenders dropped 6% month-on-month in August to GBP32.2 billion from GBP34.1 billion amounted in July, the Council of Mortgage Lenders said Thursday.
    2007-09-20 10:24:09

  • (AFX UK Focus) 2007-09-20 11:05 GMT: OECD's Gurria says it 'may be appropriate' for ECB to cut rates (Interactive Investor)

    BRUSSELS (Thomson Financial) - OECD secretary-general Angel Gurria said a cut in interest rates "may be an apppropriate course of action" for the European Central Bank in response to the current upheaval in financial markets.
    2007-09-20 03:24:06

  • Mortgage lending slows in August (Guardian Unlimited)

    Mortgage lending fell by 6% in August as rising interest rates put the squeeze on borrowers, figures showed today. Gross lending during the month totaled £32.2bn, down from £34.1bn in July and 3% down on last August's figure of £33bn, the Council of Mortgages Lenders (CML) said.
    2007-09-20 02:59:55

  • Mortgage APR system 'confusing' (Channel 4)

    The current way of comparing mortgage rates is outdated and confusing for consumers, according to a report.
    2007-09-20 09:31:38

  • Homeowners feel pinch of nationwide lending-rate issues

    Westerly Sun - ... bigger loans and give the agency more pricing flexibility — moves that could give homeowners more options to refinance their existing mortgages. Bush’s plan follows a legislative proposal by Rhode Island U.S. Sen. Jack Reed in May called the Home ...
    2007-09-20 09:05:00

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