Mortgage and Financial News From 2007-10-13 Page 10
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Dollar Approaches Record Low Versus the Euro on Rate Outlook (Bloomberg.com)
Oct. 13 (Bloomberg) -- The dollar approached an all-time low against the euro on speculation the interest-rate advantage that U.S. securities hold over Europe debt will narrow.
2007-10-13 06:24:57 -
Pound Snaps Two-Week Rally Versus Euro on Interest-Rate Outlook (Bloomberg.com)
Oct. 13 (Bloomberg) -- The pound snapped two weeks of gains against the euro on speculation the Bank of England will cut interest rates to support the economy during the global credit squeeze.
2007-10-13 02:54:57 -
ICICI Bank cuts interest rate on special deposit schemes (The Hindu)
MUMBAI: ICICI Bank, the country's largest private sector lender, has reduced interest rate on its special deposit schemes by 0.50 per cent.
2007-10-12 10:24:11 -
Davison Missionary Church, 1481 Gale Road
WJRT - This musical play is by Tom Eyen & Henry Krieger. (Note the Flint Community Players's rates will apply to this production) Cost: $18.00 For more information 810-232-9243 Open Auditions! Escanabe in da Moonlight TACA, 102 Joy St. In Caro Sunday, August 5 ...
2007-10-09 05:53:00 -
Not So Benign Neglect
Safe Haven - Freddie Mac posted 30-year fixed mortgage rates gained 3 bps this week to 6.40% (up 3bps y-o-y). Fifteen-year fixed rates ... It is important to compare and contrast the current "reliquefication"/"reflation" with the previous episode. First ...
2007-10-11 05:58:00 -
Emerging Edwards Scandal?
Slate - The current recovery is slower but presumably more solid. ... [ You think the current mortgage mess/housing bubble isn't as big a deal as the dot.com bubble?--ed I think that.] 10:50 A.M. _____ His Pet Gloat : I wish I could say ...
2007-10-09 05:53:00 -
Get ready for that rainy day
Modesto Bee - At the top of the Web site, click on the link for "Compare Rates." Certificates of deposit. Short-term CD rates are pitiful ... And in case you don't know, your emergency fund should include not just your rent or mortgage payment but any expenses for ...
2007-10-13 04:41:00 -
Churches host finance classes to help people get out of debt
Yakima Herald Republic - Avoid all debt except for a home mortgage. Save up even for cars. * The first thing you should do with your paycheck is give some money away. * If you have multiple creditors, pay off the one with the smallest principal first, not the highest ...
2007-10-13 02:25:00 -
How Will Big Banks Pick Up Pieces? Upcoming earnings reports may yield ...
The Ledger - Published: Saturday, October 13, 2007 How Will Big Banks Pick Up Pieces? Upcoming earnings reports may yield clues on mortgage ... Bank of America Corp., JPMorgan Chase & Co. and their rivals lost from the volatile fixed-income market, defaulting home ...
2007-10-13 03:51:00 -
White House forms a mortgage industry coalition
MSNBC - ... when the contact occurs at the first sign of trouble as it enables us to help before the weight of past due payments reduces consumers’ options for staying in their homes,” said Michael J. Heid, co-president of Wells Fargo Home Mortgage.
2007-10-09 05:53:00 -
Suburbs, urban areas share pain of mortgage crisis
Kansas City Star - As America’s mortgage markets began unraveling this year, economists seeking explanations pointed to “subprime” mortgages issued to low-income, minority and urban borrowers. But an analysis of more than 130 million home loans made over the past ...
2007-10-11 05:58:00 -
Lone Star closes on Accredited purchase
San Diego Union-Tribune - Texas private equity firm Lone Star completed its $295 million purchase of struggling subprime mortgage firm Accredited Home Lenders. Lone Star paid $11.75 per share for San Diego-based Accredited, which specializes in mortgage loans to borrowers ...
2007-10-13 01:21:00 -
Jobs dry up in subprime heartland after mortgage bust
MSNBC - During the boom years, these companies prospered by hiring salespeople to aggressively push their loans to potential borrowers, either directly or through mortgage brokers, who match home buyers with lenders. 'Tough transition' It is those salespeople ...
2007-10-13 04:05:00 -
Mortgage crisis has hit Latinos especially hard
San Diego Union-Tribune - ... loan-servicing companies are under increasing pressure to help modify the loans of troubled borrowers who are facing foreclosure, the solution is more complex than that, said Brad Blackwell, retail national sales manager for Wells Fargo Home Mortgage ...
2007-10-13 01:21:00 -
Mortgage woes hit Severn Bancorp earnings (BizJournals)
Third-quarter earnings at Severn Bancorp Inc. fell by 40 percent as the slowdown in mortgage lending hit home for the bank. (SVBI)
2007-10-12 10:05:05