Mortgage and Financial News From 2007-10-13 Page 12
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Axel Weber Keeps An Eye on Inflation
Forbes - A decision to raise interest rates would be highly unpopular, particularly given the current strength of the euro and its impact on European exporters. The euro, currently trading at $1.4178 has risen by 7.4% against the dollar since the start of the ...
2007-10-13 03:15:00 -
Fed's Kohn says policy gets made with eye to risks (Reuters via Yahoo! News)
Monetary policy makers must sometimes set interest rates with an eye to risks, not just ideal levels of inflation and economic growth, Federal Reserve Vice Chairman Donald Kohn said in a speech on Friday.
2007-10-12 05:29:27 -
Bank loans surging: RBI may hold on to interest rates (The Economic Times)
Due to clampdown on external commercial borrowing (ECB) norms in August 2007, corporates may have shifted their focus to domestic banks temporarily.
2007-10-12 03:25:41 -
Why should the RBI reduce interest rates? (Hindustan Times)
In the last one year the rates of interest were jacked up a hefty 2 per cent. There were, no doubt, reasons. Inflation had crossed 6.2 per cent in March and, to restore stability, interest rates had to be raised. That is what most central bankers do.
2007-10-12 10:38:56 -
UPDATE 2-Subprime lender Accredited Home bought by Lone Star
Reuters - UPDATE 2-Subprime lender Accredited Home bought by Lone Star ... It was able to cut the price after conditions for mortgage lenders deteriorated. Lone Star also agreed to provide ...
2007-10-12 01:53:00 -
Lone Star buys subprime lender
Dallas Business Journal - Lone Star Funds said Friday one of its subsidiaries has completed the acquisition of Accredited Home Lenders Holding Co. , a San Diego sub-prime mortgage lender. Dallas-based Lone Star Fund V LP paid $11.75 per share for Accredited stock. Based on ...
2007-10-12 11:59:00 -
Borrowers get break from home lenders
Nashville Tennessean - Countrywide, the largest U.S. mortgage lender, said it is hard to modify loans when borrowers are unemployed and suggested that ... Their home lender eased the terms of their adjustable-rate loan, after the payments had risen substantially last month. ...
2007-10-13 12:59:00 -
Home is where the headache is
Orlando Sentinel - We spoke to Denise, an agent for KB Home, who all but guaranteed us a mortgage and said we would not lose our $5,000 earnest money. Denise said she would secure a mortgage through a second lender if Countrywide did not come through. We received a ...
2007-10-13 12:59:00 -
Recent Valley promotions and hires
AZCentral.com - Legacy Home Mortgage , an Arizona-based lender, appointed David Horton as general manager. Copper Star Bank added employees Fernando Dominguez , branch manager; Ashley Adams , operations support specialist; Chris Anderson , personal banker; and Nancy ...
2007-10-12 01:10:00 -
Charter One's 'Making Music Matter' program generates more than $100 ...
24-7PressRelease.com - 24-7PressRelease/ - CHICAGO, IL, October 13, 2007 - Charter One, a leading Illinois home mortgage lender and provider of checking accounts in Chicago has announced that its "Making Music Matter" program has successfully raised more than $100,000 during ...
2007-10-12 11:48:00 -
Comparing costs of cash-out refi and second mortgage
Herald Tribune - Is the lender responsible for miscalculating taxes? Q When I bought my home a year ago, I was told what the monthly mortgage payment would be, including taxes and insurance. The total was within my budget. Recently, however, I received a notice from ...
2007-10-13 01:49:00 -
Northern Rock's Billionaire Buyout
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Virgin said that the consortium planned to maintain Northern Rock as a bank and mortgage lender in its current form, rather than ...
2007-10-12 04:31:00 -
Citigroup, JPMorgan in Market Talks With Treasury (Update1)
Bloomberg - Countrywide Financial Corp., the biggest U.S. mortgage lender, had to tap an entire $11.5 billion bank line on Aug. 16 after being unable to fund itself with commercial paper. Interest Rates Speculation on ``a bank consortium ...
2007-10-13 02:04:00 -
Lone Star Completes Accredited Buyout (AP via Yahoo! Finance)
Private equity firm Lone Star Fund V LP said Friday it completed its acquisition of subprime mortgage lender Accredited Home Lenders Holding Co.
2007-10-12 07:07:10 -
Countrywide's 'workouts' fall short, critics say (CNN Money)
As the nation's largest home lender and subprime debt collector, Countrywide has been the No. 1 whipping post of the mortgage crisis.
2007-10-12 08:52:27