Mortgage and Financial News From 2007-9-20 Page 23
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Pa. Mortgage Broker Files for Bankruptcy (AP via Yahoo! Finance)
A Berks County mortgage broker and its five subsidiaries filed for bankruptcy this week, affecting more than 800 customers who face higher payments on their home loans.
2007-09-20 05:46:25 -
Bernanke assures Hill on mortgage hit (AP via Yahoo! News)
Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess.
2007-09-20 07:50:06 -
Bernanke assures Hill on mortgage hit (Lexington Herald-Leader)
Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess. Bernanke made the statement in testimony to the House Financial Services Committee. It came just two days after the Federal Reserve sliced a key interest rate by a bold ...
2007-09-20 07:42:06 -
Health costs are key to GM-UAW talks
Denver Post - Home News Politics Sports Business Entertainment Lifestyle Opinion Outdoors Travel ... 40 such trusts work for several years, and they were funded at far lower rates ... Fannie, Freddie mortgage caps rise
2007-09-20 06:13:00 -
Trade Group: Holiday Sales to Grow Slow
Newsday - ... sales are expected to grow at the slowest pace in five years as shoppers fret about jobs, tight credit and slumping home ... The rate cut means consumers could find lower rates on loans for big purchases like cars, but it won't be a big help for ...
2007-09-19 09:16:00 -
Analysis | Sector winners when rates fall
Seattle Times - This time, however, rising mortgage defaults and weakening home prices could offset any benefit for the sector, Titche says. Stovall notes that rate cuts don't guarantee a broad stock rally. When the Fed cut rates in 2001, the S&P 500 still fell ...
2007-09-20 12:22:00 -
Bankrate: Mortgage Rates Inch Upward
Forbes - NEW YORK, Sept. 20 /PRNewswire-FirstCall/ -- Fixed mortgage rates were slightly higher this week, with the average conforming 30 ... including mortgages, credit cards, new and used auto loans, money market accounts and CDs, checking and ATM fees, home ...
2007-09-20 04:33:00 -
Goldman Net Rises 79 Percent, Lifted by Mortgage Bets (Update2)
Bloomberg - Goldman Net Rises 79 Percent, Lifted by Mortgage Bets (Update2) By Christine Harper ... record, after the firm wagered correctly that prices of securities tied to home ... When overnight interest rates decline, banks and securities firms can make money ...
2007-09-20 07:03:00 -
Poinsettia Landings: the Ideal Residence for Gay Europeans
Forbes - For foreign buyers who do not want to pay cash, Poinsettia Landings is partnering with the Fort Lauderdale's Pride Mortgage to provide financing options at competitive rates. Coming Home to Wilton Manors The town of Wilton Manors, a suburb of Fort ...
2007-09-20 05:23:00 -
Bank of England governor defends his role in Northern Rock crisis
Globe and Mail - Home National British Columbia Prairies Ontario Quebec Atlantic Politics World Americas ... severe criticism over his role in the handling of the crisis surrounding mortgage ... King said just last week it would not try bring three-month rates down. The BoE on ...
2007-09-20 04:40:00 -
Euro Breaches $1.40 Mark
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... speculation grew after the Saudi central bank decided not to raise interest rates ... bank's handling of the crisis, started by the troubles in the U.S. subprime mortgage ...
2007-09-20 04:54:00 -
Euro Hits New High, Crests $1.40 Level
US News and World Report - ... position long held by the now-weakening dollar, which has been battered by a recent half-percent cut in U.S. interest rates ... Treasury Secretary Henry Paulson say about the U.S. mortgage market in testimony before the U.S. Congress. Bernanke could use ...
2007-09-20 06:06:00 -
Stocks futures mixed after brokerage earnings and jobless claims ...
CNBC - EDT about the mortgage and credit markets before the House Financial Services Committee. After the Fed's big half-point cut in ... Home goods retailer Pier 1 Imports Inc., however, posted a quarterly loss that was worse than anticipated. Crude oil prices ...
2007-09-20 06:06:00 -
U.S. Stocks Retreat; FedEx, Circuit City Shares Decline
Bloomberg - Speculation the Fed will continue to reduce rates sent the U.S. currency to a record low against the euro, helping to push ... House of Representatives on the mortgage market and President George W. Bush's plan to ease foreclosures today. Bernanke will ...
2007-09-20 06:56:00 -
Bernanke Assures Hill on Mortgage Hit
US News and World Report - ... market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess. ... In his prepared testimony, Bernakne did not offer new clues about the Fed's next move on interest rates. The Fed chief ...
2007-09-20 06:41:00