Mortgage and Financial News From 2007-9-20 Page 2

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  • Rates on 30-Year Mortgages Inch Up (AP via Yahoo! Finance)

    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 6.34 percent this week, up slightly from last week's 6.31 percent, which had been the lowest level since May 17.
    2007-09-20 12:30:04

  • Rates on 30-year U.S, mortgages edge up after dropping to lowest point in 4 months (The Canadian Press via Yahoo! Canada News)

    WASHINGTON - Rates on 30-year mortgages in the United States, after dropping to their lowest point in four months, edged up this week.
    2007-09-20 12:41:00

  • National business briefs: Mortgage rates edge up (The Kansas City Star)

    Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.34 percent this week, up slightly from last week's 6.31 percent, which had been the lowest level since May 17.
    2007-09-20 08:34:49

  • Stocks Fall on Weak Earnings Reports

    BusinessWeek - Treasury Secretary Henry Paulson said that allowing Fannie Mae and Freddie Mac to securitize mortgage loans above the current $417,000 limit could inject some short-term liquidity into the housing market, but said he was only in favor of such a move ...
    2007-09-20 11:35:00

  • Mortgage woes hurt Bear Stearns

    Boston Globe - Goldman said mortgage profits rose significantly, after wagering correctly that prices of securities tied to home loans would decline, and the firm booked a $900 million gain on the sale of Horizon Wind Energy LLC. Chief executive Lloyd Blankfein ...
    2007-09-20 06:30:00

  • Spotlight shines on FSA's role

    Financial Times - By 2007, the mortgage lender was taking almost one in five of every new mortgage loans made during the first half of 2007. One investor said: "Northern Rock has fallen foul of the dislocation in markets. But the model was always vulnerable. Why wasn't ...
    2007-09-20 09:36:00

  • Ginnie Mae reaches agreement with American Home Mortgage on servicing ...

    CNBC - A moribund housing market and a spike in defaults scared investors away from mortgage debt, and as American Home's home loans lost value, financial backers pulled away, leaving the company with little cash. Freddie Mac and Ginnie Mae have said that ...
    2007-09-20 03:53:00

  • Bernanke comments on subprime crisis

    Reuters - NEW YORK (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that raising the ceiling on the size of loans mortgage finance enterprises Fannie Mae and Freddie Mac can buy could undermine market discipline. Bernanke said ...
    2007-09-20 10:30:00

  • Alternative mortgage market expected to double

    Globe and Mail - Canada's market for subprime home loans to rise to $70-billion in the next five years, industry says ... Read the full article Please let us know if this reader’s comment breaks the editor's rules and is obscene, abusive, threatening, unlawful ...
    2007-09-20 04:14:00

  • Macquarie Sells A$500 Million of Mortgage-Backed Debt (Update1)

    Bloomberg - Investors demanded returns of 2 basis points more than the initial 38 basis points the bank offered yesterday on concerns a rout in the global credit markets and rising defaults on U.S. loans makes investing in mortgage-backed debt more risky. The ...
    2007-09-20 05:11:00

  • American Mortgage Declares Dividend

    Forbes - AMAC is a real estate investment trust which specializes in originating and acquiring mortgage loans and other debt instruments secured by multifamily and commercial properties throughout the United States. Copyright 2007 Associated Press. All rights ...
    2007-09-20 08:07:00

  • Credit easing gives bond guarantors short-lived bump

    CNBC - Financial guarantors _ the companies that insure bonds and other securities backed by mortgage loans _ have been hit hard by concerns over rising delinquency rates on mortgage loans made to subprime borrowers. The rising delinquencies add to fears ...
    2007-09-20 03:17:00

  • Bank loans from Fed decline

    CNN Money - The concern is that certain sections of the credit markets have frozen up as investors have grown fearful about getting repaid because of the surge in defaults on mortgage loans, especially in the subprime market, where loans are provided to ...
    2007-09-20 02:48:00

  • Nigeria: Wuse Market Traders Urged to Pay Back Loans (AllAfrica.com)

    Traders in Wuse market who took loans from mortgage banks for business purposes have been called upon to service and pay back the loans to avoid their shops being locked up by the banks concerned, the market union has counseled.
    2007-09-20 10:37:17

  • Officials Working to Clear Mortgage Law Confusion (KTVN Reno)

    State officials are working to clear up confusion over a new mortgage law that's making it harder for some to get a new home loan. The law is intended to make sure borrowers are able to repay loans and avoid foreclosure.
    2007-09-20 07:10:07

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