Mortgage and Financial News From 2007-10-31 Page 9

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  • Fed delivers second US rate cut (BBC News)

    The US Federal Reserve cuts interest rates from 4.75% to 4.5% to help kickstart housing and credit markets.
    2007-10-31 11:21:30

  • IAC/InterActive Net Falls 4.2% as Mortgages Decline (Update1) (Bloomberg.com)

    Oct. 31 (Bloomberg) -- IAC/InterActiveCorp, the Internet and media company assembled by Barry Diller, said third-quarter net income fell 4.2 percent as mortgage sales declined at LendingTree.com.
    2007-10-31 05:44:23

  • Housing Authority Seeks Second Housing Assistance Program (The Cape Cod Chronicle)

    HARWICH – The housing authority is seeking to put a second emergency support housing fund in place designed to assist needy residents on a short-term basis. The authority put one rental assistance program in place this fall using funds from the Community Preservation Act.
    2007-10-31 11:43:25

  • Defaults on Insured Home Mortgages Rise 22 Percent (Update2) (Bloomberg.com)

    Oct. 31 (Bloomberg) -- U.S. homeowners defaulted last month on 22 percent more privately insured mortgages than a year earlier after house prices fell the most in at least six years, an industry report today showed.
    2007-10-31 06:40:13

  • The Shaky Mortgage Safeguard

    Sky.com - You can only claim help with the interest payments on the first £100,000 of your mortgage borrowing. The interest on any amount larger than this will have to be paid by you alone.
    2007-10-28 05:59:00

  • Stocks End Lower as Traders Look to Fed

    MSNBC - ... light trading Tuesday as traders marked time before Wednesdays decision on interest ... Home prices rose in only two metro regions and were flat in two other regions ... writedowns in trading positions related to the U.S. subprime residential mortgage ...
    2007-10-31 07:47:00

  • Subprime Sullies Reputations

    Forbes - ... leading to the losses could have not been predicted, as enlightened self-interest ... Financial debacles such as this year's subprime mortgage crisis and the backup of ... the possibility, or even the probability, of outsized losses was apparent only ...
    2007-10-31 09:49:00

  • High profile risk, reward for Northern Rock suitors

    Reuters - But there's no guarantee of a happy ending, as suitors weigh the rewards of buying what until only months ago was Britain's fastest growing mortgage ... Branson's Virgin Group-led consortium and U.S. buyout firm JC Flowers have confirmed their interest ...
    2007-10-31 12:26:00

  • Euroshares close higher on Fed rate-cut hopes; Deutsche Bank shines

    CNBC - ... by gains on Wall Street amid expectations the US Federal Reserve will cut interest ... The market isn't only certain that it will make a 25 basis point cut but it's ... they had also underestimated their exposure to the ailing US subprime mortgage market
    2007-10-31 09:56:00

  • Euroshares close higher on Fed rate-cut hopes; Deutsche Bank shines ...

    Forbes - ... by gains on Wall Street amid expectations the US Federal Reserve will cut interest ... The market isn't only certain that it will make a 25 basis point cut but it's ... they had also underestimated their exposure to the ailing US subprime mortgage market
    2007-10-31 10:10:00

  • Paulson says not enough struggling borrowers seeking loan ...

    Forbes - ... that not enough troubled borrowers are asking their lenders to modify their mortgage ... For example, borrowers who are current on payments at the lower [interest] rate ... News and its third party content providers for your personal information only ...
    2007-10-31 12:41:00

  • Mortgage Inflation: How Bad Is Bad?

    Motley Fool - A recent Newsday article told the story of one homeowner who borrowed roughly $500,000 with an interest-only mortgage a few years ago. She felt she had to do so, in order to stay in her home during a divorce, and she managed to swing the $1,760 ...
    2007-10-31 08:52:00

  • Fed rate cut to have only limited impact on housing

    AZCentral.com - Fed rate cut to have only limited impact on housing The Associated Press Oct. 31 ... WASHINGTON - The Federal Reserve's cut of a key interest rate Wednesday is unlikely ... won't change much, if at all, for companies on the front lines of surging mortgage ...
    2007-10-31 12:48:00

  • Fed cuts interest rate to 4.5%

    Globe and Mail - Fed cuts interest rate to 4.5% ... People who should not have got a mortgage or a got a no principle mortgage and the ... Only registered users of the site may contribute to an online conversation and ...
    2007-10-31 11:29:00

  • Fed Cuts Key Interest Rate by a Quarter Point

    Washington Post - The Federal Reserve slashed a key interest rate today, continuing its campaign to ... before the Fed announcement, were gyrating wildly shortly afterward, up only ... recent financial turmoil, which began in the market for low-credit quality mortgage ...
    2007-10-31 12:41:00

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