Mortgage and Financial News From 2007-10-3 Page 14

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  • Mood positive despite bank, services damage

    San Diego Union-Tribune - ... bad news is fully discounted ... and the market views as positive getting as much information ... crisis, shares in RAMS Home Loans Group Ltd fell 27 percent on fears the Australian mortgage lender, hit by subprime exposure, would struggle to refinance ...
    2007-10-03 06:55:00

  • Bargain-hunters flock to foreclosure auctions

    Silicon Valley - When home buyers stop making mortgage payments and lenders foreclose, the ... of ForeclosureRadar, a company in Discovery Bay that sells foreclosure information to ... money down, then couldn't afford their rising payments and couldn't refinance ...
    2007-10-03 05:43:00

  • Loan servicers make it harder (Long Island Business News)

    As the housing crash ravages the mortgage sector, millions of servicing contracts are changing hands as parent companies go bankrupt or pare back their lending activities.
    2007-10-03 06:00:44

  • Correction - Fitch Rates Harborview Mortgage Loan Trust (HVMLT) Series 2007-7 (Business Wire via Yahoo! Finance)

    NEW YORK----
    2007-10-03 08:25:00

  • Australian Central Bank leaves interest rates unchanged

    Antara Interactive - The decision will provide some relief to homebuyers still trying to cope with the August rise in mortgage rates, but some economists still see the risk of a further increase in rates should inflation data on October 24 show continued price pressures ...
    2007-10-03 12:50:00

  • Economy & Business

    Business Day South Africa - The chances of the Reserve Bank hiking interests rates again next week are high as CPIX (consumer inflation excluding mortgage rates) has breached its 3%-6% target range for five months running, and is expected to remain above that band until the ...
    2007-10-03 07:09:00

  • New York water rates may soar as revenues fall

    New York Daily News - The subprime mortgage crisis may be taking a toll on New York's water payments - and could force every water customer to pay higher bills next year. Water bill payments plunged to $118 million last month, down from $134 million in September last year ...
    2007-10-03 12:50:00

  • Democrats call for adviser on mortgage debacle

    CNN Money - ... Fannie Mae and Freddie Mac's power, citing the potential risks to the financial system of allowing the mortgage giants to grow further. Analysts estimate that at least 2 million adjustable-rate mortgages will jump from low initial teaser rates to ...
    2007-10-03 08:49:00

  • CML Media Note in advance of tomorrow’s MPC decision on interest ...

    Politics.co.uk - ... 1 million borrowers will come off a fixed-rate mortgage over the next year and a half The majority of borrowers coming off fixed rates between now and mid 2008 will face increases of between 1 per cent and 2 per cent on their mortgage rates, the ...
    2007-10-03 08:42:00

  • Correction - Fitch Rates Harborview Mortgage Loan Trust (HVMLT) Series ...

    Forbes - The 'AAA' rating on the senior certificates reflects the 12.95% subordination provided by the 2.10% class B-1, the 3.15% class B-2, the 1.10% class B-3, the 1.05% class B-4, the 0.95% class B-5, the 0.75% class B-6, the 0.50% class B-7, the 0.65 ...
    2007-10-03 08:28:00

  • Mortgage Applications Fall Again

    ABC News - Recent U.S. housing industry indexes, while volatile, generally point to a weak outlook for the industry, suggesting a delayed recovery for the hard-hit sector. Fixed 15-year mortgage rates averaged 5.95 percent, down from 6.06 percent. Rates on ...
    2007-10-03 05:22:00

  • Low-doc borrowers feel heat

    News.com.au - IN A further sign that the global funding crisis is continuing to hurt Australian home borrowers, a string of non-bank lenders have increased mortgage rates. While the most significant price moves came from RAMS on Tuesday, three other lenders - RESI ...
    2007-10-03 08:06:00

  • Democrats call for adviser on mortgage debacle (CNN Money)

    Top congressional Democrats plan to ask the president to create a position to organize the government's response to subprime mortgage problems.
    2007-10-03 09:10:22

  • Mortgage applications fall (Long Island Business News)

    Mortgage application volume declined 2.7 percent for the week ending Sept. 28, despite a drop in interest rates.
    2007-10-03 06:15:43

  • Mortgage applications down 2.7% last week, MBA reports (Market Watch)

    CHICAGO (MarketWatch) -- The volume of mortgage applications filed last week decreased by 2.7%, coinciding with a week-to-week drop in interest rates on fixed-rate loans, the Mortgage Bankers Association said Wednesday.
    2007-10-03 04:10:58

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