Mortgage and Financial News From 2007-10-22 Page 22
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NH banks 'unscathed,' so far
Union Leader - Delinquencies and foreclosures among the mortgage loans of New Hampshire banks are small in comparison to the well-publicized problems of the many out-of-state subprime mortgage lenders with limited ties to the New Hampshire economy." ► B of A ...
2007-10-21 08:52:00 -
Malaysian govt to maintain growth target despite possible US downturn ...
FXStreet.com - The much-talked-about recession predicted for the US following the collapse of the subprime mortgage loans, which was discussed informally at the annual World Bank and International Monetary Fund (IMF) meetings here, will not have a significant ...
2007-10-22 12:56:00 -
A Troubled 'Ownership Society'
BusinessWeek - Surprising new research published by the Federal Reserve Bank of Atlanta concludes that the bulk of the increase was caused by innovations in the mortgage market, in particular the explosion of "piggyback" or "combo" loans that made it possible for ...
2007-10-22 12:48:00 -
Options to foreclosure abound
Miami Herald - The New York Times chronicled the difficulties that borrowers are facing with servicers in a recent report about individuals with ARM loans from Countrywide, the nation's largest mortgage originator and loan servicer. Similar to the approach that ...
2007-10-21 11:58:00 -
Singapore Stocks Drop on U.S. Subprime Outlook; DBS Group Falls
Bloomberg - Wachovia, the fourth-biggest U.S. bank, reported on Oct. 19 its first earnings decline in six years and missed analysts' estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed securities. Larger rivals Citigroup and ...
2007-10-22 12:56:00 -
TDFI seeks to shore up mortgage law crisis
Nashville City Paper - Of its 35 examiners, approximately 20 are devoted to on-site investigation of mortgage loans and brokers. The compliance division regulates more than 6,500 different industry members, including about 1,000 of which are headquartered out of state ...
2007-10-21 11:23:00 -
Home buyers need solid foundations (The Palm Beach Post)
An abrupt shift back to the basics of mortgage lending has many house hunters nervous because several once-popular types of loans are disappearing.
2007-10-21 09:14:18 -
Report: Credit squeeze reaches auto loans (EARTHtimes.org)
There are signs the U.S. credit squeeze is reaching past the mortgage market into a wider range of consumer credit, including auto loans and credit card debt. Poor quarterly results posted during the past two weeks by U.S. banks suggest credit problems ar...
2007-10-21 06:21:34 -
Report: Credit squeeze reaches auto loans (Moldova.org)
There are signs the U.S. credit squeeze is reaching past the mortgage market into a wider range of consumer credit, including auto loans and credit card debt. Poor quarterly results posted during the past two weeks by U.S. banks suggest credit problems are extending beyond defaults on mortgages to include home equity loans, car loans and credit card balances, The Financial Times reported Sunday. ...
2007-10-22 01:42:36 -
Report: Credit squeeze reaches auto loans (UPI)
There are signs the U.S. credit squeeze is reaching past the mortgage market into a wider range of consumer credit, including auto loans and credit card debt.
2007-10-21 06:11:46 -
WIBW - News (WIBW-TV Topeka)
Leader of the Civic Platform Donald Tusk, wearing a soccer scarf with inscriptions Polska, or Poland,celebrates with wife Malgorzata, left, after fiest exit polls are announced, pointing his party as the winner of the parliamentary elections, in Warsaw, Poland, Sunday, Oct.21, 2007. Poles were choosing Sunday a new parliament in snap elections, with the pro business Civic Platform contending the ...
2007-10-21 06:18:27 -
Brazil Fin Min: IMF Reform Proposals Still Insufficient (Nasdaq)
WASHINGTON -(Dow Jones)- The International Monetary Fund's plan to give developing countries more of a say in how it's run is "still insufficient," Brazilian Finance Minister Guido Mantega said Sunday.
2007-10-21 03:08:38 -
Japan should study U.S. housing crisis, end land price stagnation (The Japan Times)
On Sept. 19, just as global financial markets were getting jittery about the U.S. subprime mortgage loan problem, the Land, Infrastructure and Transport Ministry released its survey of Japanese land... Read more ...
2007-10-21 04:34:14 -
Worm turns on Howard
News.com.au - THE much-loathed "worm" last night passed harsh judgment on Prime Minister John Howard in the only leaders' debate of the ... Howard's emphasis on Keating's 17% interest rate made him appear very dishonest. Posted by: Trurl of Adelaide 10:15pm October 21 ...
2007-10-21 10:22:00 -
Leaders' debate: Interest rates
Australian Broadcasting Corp. - The Prime Minister says his tax plan will not put upward pressure on interest ... Why so much hype about interest rates if housing affordability is at a record low ... Financial deregulation, floating exchange rate * Reduction in tarriffs ...
2007-10-21 05:03:00