Mortgage and Financial News From 2007-10-31 Page 16

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  • Mortgage applications surge (CNN Money)

    Big increase in refinance volume drives 3.8% overall growth, MBA's survey says.
    2007-10-31 04:56:10

  • Refinance applications rose 9.2% last week, MBA data show (Market Watch)

    CHICAGO (MarketWatch) -- The volume of mortgage applications filed last week increased a seasonally adjusted 3.8%, driven by a rise in refinancings, the Mortgage Bankers Association reported Wednesday.
    2007-10-31 04:18:36

  • Civic activist eyes county's housing crisis

    Hernando Today - ... Housing Initiative (AHI) designed to cut new homeowners’ monthly mortgage ... suppliers and other housing officials that will allow buyers to refinance their ... For more information about Blaise Ingoglia’s AHI program, visit: www ...
    2007-10-29 05:58:00

  • Strongco Reports Third Quarter Results

    Market Wire - Although we believe that these forward-looking statements are based on information ... over all present and future personal property of the Partnership, a mortgage over ... by new debt that has less favourable terms or if the Partnership cannot refinance ...
    2007-10-30 04:24:00

  • Foreclosures in county have tripled

    Inside Bay Area - ... 319 percent from 37 in the third quarter of 2006, according to DataQuick Information ... an introductory period and then adjusted up so high they couldn't pay the mortgage ... They took a loan to stay, and thought they could refinance, but they can't ...
    2007-10-29 05:58:00

  • Double-digit California home price drop seen

    CNBC - ... state treasurer said on Monday in a discussion of how long the subprime mortgage ... than doubling from $240,000 in December 2001, according to DataQuick Information ... and so long as home prices rose, most borrowers prospered and could refinance into ...
    2007-10-28 05:59:00

  • Financial housekeeping

    Stillwater News Press - Talk to your mortgage holder to see if it would be advantageous to refinance your home Consolidate your credit-card debt into cards with low interest ... If you have any questions or would like more information, please contact us at (405) 372-2880, by ...
    2007-10-31 05:24:00

  • Q3 2007 United Community Banks Earnings Conference Call - Final

    Insurance News Net - ... includes references to operating earnings and other non-GAAP financial information ... in transactions and new accounts and higher ATM and debit card usage. Mortgage ... news is that $6.9 million of NPAs are already under contract-to-sell or refinance ...
    2007-10-31 03:51:00

  • Fed Is Expected to Cut Rates Today

    Chicago Tribune - They are going to cut rates," predicted Mark Zandi, chief economist at Moody's Economy.com. "The economy is weakening and ... With lenders tightening mortgage standards, marking it harder for prospective buyers to qualify for loans, and defaults ...
    2007-10-31 08:37:00

  • St George won't raise interest rates

    Sydney Morning Herald - St George Bank Ltd has broken ranks with its competitors by saying it probably won't raise its mortgage rates above any further movements in official interest rates. In some rare good news for struggling households, acting St George chief executive ...
    2007-10-31 01:14:00

  • Nonprofit hospitals work miracles in tough times

    Detroit Free Press - Furthermore, Michigan hospitals are struggling with a growing number of insured patients who are unable to pay co-pays and deductibles as they are wrestling with rising gas prices and mortgage rates. To compound the problem, neither the state nor ...
    2007-10-30 11:55:00

  • Former Merrill boss gets $161.5m

    BBC Business - As mortgage defaults in this sub-prime sector hit record highs over the past year, on the back of higher US mortgage rates, the value of these securities plummeted. Merrill's $7.9bn write-off contributed to the firm last week posting a third-quarter ...
    2007-10-31 02:47:00

  • Stocks Rally on Strong Economic Data

    CNBC - The first economic data of the day showed that the lowest interest rates on 30-year rates since May spurred a surge in mortgage applications last week, even though demand to buy new homes decreased. And if those reports weren't enough, the Chicago ...
    2007-10-31 06:57:00

  • Bank of Japan holds rates steady and cuts economic growth forecast

    International Herald Tribune - ... of a misallocation of funds and swings in the economy cannot be diminished," Fukui said after the central bank left rates unchanged and released its twice-yearly economic outlook report. "The market instability caused by the U.S. subprime mortgage ...
    2007-10-31 04:27:00

  • Dollar Rebounds From Record Low Versus Euro as Growth Quickens

    Bloomberg - ... bank loans by a half-point on Sept. 18 to 4.75 percent, the first reduction since 2003, after losses from subprime mortgage ... Fed Seeks to Be `Nimble' With Rates as Spending, Housing Signals Diverge U.S. Stock-Index Futures Rise; Citigroup ...
    2007-10-31 05:46:00

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