Mortgage and Financial News From 2007-10-31 Page 17

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  • U.S. Economy Grows at Faster Than Expected Rate

    Washington Post - Overall residential investment fell 20 percent between July and October, subtracting more than a full percentage point from economic growth. Falling home sales and home values have hit the construction industry hard, and rising mortgage default rates ...
    2007-10-31 07:26:00
  • Mortgage lenders on the rise; Chase 3Q mortgage originations rise 35%

    Forbes - Through the first 9 months of 2007, mortgage originations are up 34% to $119 billion. The Fed is expected to cut its target on overnight interest rates by 25 basis points to 4.5% after the conclusion of its policy setting meeting. The fed funds ...
    2007-10-31 07:11:00
  • Economy Logs Brisk 3.9 Percent Growth

    Baltimore Sun - The meltdown in the mortgage market has made it harder for people to obtain financing to buy homes. That's aggravating problems in the housing market and leading to a mounting pileup of unsold homes. Given that, the housing slump is expected to drag ...
    2007-10-31 07:04:00
  • Inflation could still pose problem for Fed

    Reuters - The Bank of England held firm for a while, but the British government then had to guarantee every deposit at Northern Rock to stop a run on the mortgage lender. Official interbank interest rates have already gone down by a half a percentage point ...
    2007-10-31 08:30:00
  • Mortgage application volume rises

    CNBC - It covers about 50 percent of all residential retail mortgage originations each week. Application volume rose as interest rates fell. The average interest rate for traditional 30-year fixed-rate mortgages fell to 6.15 percent from 6.21 percent the ...
    2007-10-31 04:20:00
  • US investors await Fed decision

    MSN MoneyCentral - The economy needs lower rates, for even with the current rate structure, easing has not translate into lower mortgage rates across the spectrum compared to early summer, and on a quantity basis, credit availability has tightened at least moderately ...
    2007-10-31 07:40:00
  • Low rates lure refinancers, boost mortgage demand

    USA Today - NEW YORK (Reuters) — A refinancing wave pushed total mortgage applications higher last week on the lowest 30-year mortgage rates since early May despite a small drop in demand for loans to buy homes, an industry trade group said Wednesday. The ...
    2007-10-31 05:53:00
  • Japan leaves interest rates unchanged (CNN Money)

    Bank of Japan leaves rates steady at 0.5 percent, lowers 2007 economic growth forecast to 1.8 percent.
    2007-10-30 09:22:17
  • Fed Predicted to Cut Rates by 25bp - but Will it Be Enough? (Daily FX via Yahoo! Finance)

    Fed widely expected to cut rates by 25 basis points, but will it be enough to boost stock markets? Risk premiums in corporate lending remain very elevated - signaling potential for further difficulty Shares in consumer spending, housing, and construction remain indecisive on mixed data Click here to join DailyFX Analysts in discussing the Watch What the Fed Watches latest report.
    2007-10-31 08:23:23
  • BOJ leaves rates unchanged (AP via Yahoo! News)

    The Bank of Japan slashed its annual economic growth forecast by 0.3 percentage points and held interest rates steady Wednesday as uncertainty in the global economy continued to cloud Japan's outlook.
    2007-10-31 03:58:46
  • St George won't raise interest rates (AAP via Yahoo!7 News)

    St George Bank has broken ranks with its competitors, saying it probably won't raise its mortgage rates above any further movements in official interest rates.
    2007-10-31 01:04:15
  • Find Maddie fund 'paid mortgage'

    News.com.au - ... there is no such thing as a seperate fund, when it comes to benefactors, high profile or public, all usually contribute to the same fund for the same purpose and it sounds heavily of fraud surrounding misappropriation of funds. all that mortgage ...
    2007-10-29 08:21:00
  • Sheriff's deputies arrest Los Gatos man suspected of rape, secretly ...

    Santa Cruz Sentinel - Mitchell said the SWAT raid was part of a mortgage fraud investigation. Robertson could not be reached for comment Tuesday. According to a MySpace.com Web page listed in his name, Robertson is a "banker/investor by day, party animal by night," and ...
    2007-10-31 06:43:00
  • Ex-MetMortgage chief, SEC settle

    Seattle Times - The Securities and Exchange Commission has reached a tentative settlement with the former chief executive of Metropolitan Mortgage & Securities and with a Bellingham-based developer over fraud allegations related to the Spokane investment company's ...
    2007-10-31 12:09:00
  • Beazer Gets Reprieve From Lenders

    Forbes - Beazer is late with its reports because the company is reviewing possible accounting errors and allegations of fraud related to its mortgage unit. The company announced the amended agreements in a regulatory filing. Beazer shares added 4 cents to $12 ...
    2007-10-31 07:26:00