Mortgage and Financial News From 2007-10-3 Page 6

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  • Democrats assail Bush on mortgage crisis (The San Luis Obispo Tribune)

    Congress' top Democrats demanded quick action on the subprime mortgage crisis, saying President Bush has been slow to address a situation that could cost millions of people their homes. "This is a national crisis. Too bad it's taken so long to realize that we have a crisis," Senate Majority Leader Harry Reid of Nevada said at a joint news conference with House Speaker Nancy Pelosi of California. ...
    2007-10-03 11:49:32

  • US Issuance Of 'Safe' Mortgage Product Plunges To Record Low (Nasdaq)

    NEW YORK -(Dow Jones)- In the structured finance markets, lack of demand isn't always about credit risk. Take collateralized mortgage obligations, or CMOs.
    2007-10-03 01:55:00

  • Congress calls for "mortgage czar" (Reuters via Yahoo! News)

    Lawmakers called on Wednesday for a 'mortgage czar' to help cope with an expected wave of foreclosures from the U.S. housing slump but Alan Greenspan said the credit crunch was past the worst.
    2007-10-03 01:38:22

  • Credit Suisse's Dougan Says Mortgage Turmoil May Last (Update2) (Bloomberg.com)

    Oct. 3 (Bloomberg) -- Credit Suisse Group Chief Executive Officer Brady Dougan said the market for mortgage credit will be ``problematic'' for as long as 18 months.
    2007-10-03 04:29:54

  • CREDIT WRAPUP 3-U.S. Congress calls for 'mortgage czar' (Reuters via Yahoo! Malaysia News)

    WASHINGTON/LONDON, Oct 3 - U.S. lawmakers called on Wednesday for a 'mortgage czar' to help cope with an expected wave of foreclosures from the U.S. housing slump but Alan Greenspan said the credit crunch was past the worst.
    2007-10-03 01:33:03

  • SNP to fight election on Scots 'being short-changed'

    Scotsman - And the reverse would certainly be true. A broken-up United Kingdom would not be in the interests of Scotland, Wales or Northern Ireland, but especially not England. Our voting power in the European Union would diminish. We'd slip down in the world ...
    2007-10-03 04:10:00

  • New autos are lingering on the lot

    Herald Tribune - Mortgage lenders and bankers have seen their business drop off dramatically because there are fewer mortgages to write and ... The housing market went up so fast, it was easier to justify the purchase and now you have the reverse situation." Last ...
    2007-10-03 11:55:00

  • The Credit Crunch

    Town Hall - The decline in housing prices would slow down and eventually reverse. Particularly savvy investors would begin to buy up the mortgages that the panicking crowd has been fleeing from. This story should sound familiar. It describes exactly what the ...
    2007-10-03 01:35:00

  • Home Equity Income Trust Subsidiary Issues Medium Term Notes

    CNW Group - HOMEQ, through its subsidiaries, finances its portfolio of reverse mortgages through a combination of equity and debt including commercial paper, senior and subordinated debt. The debt is rated by Dominion Bond Rating Service Limited as follows ...
    2007-10-03 02:40:00

  • Bob Bruss: smart, ethical and eager to help consumers

    Boston Online - We also were intrigued by the same subjects and often exchanged notes on new developments and Internal Revenue Service codes on common interests such as tax-deferred exchanges, home-sale exclusions and reverse mortgages. And, although we were friends ...
    2007-10-03 07:16:00

  • HBOS chief: mortgage prices to rise (Guardian Unlimited)

    Business & money: Boss of UK's biggest mortgage lender predicts considerable rise in cost of new loans.
    2007-10-02 04:21:09

  • HBOS: 'Mortgage prices will rise' (Guardian Unlimited)

    Andy Hornby predicts a 'fundamental shift' in the lending markets that will leave homeowners paying considerably more for new loans. By Simon Bowers.
    2007-10-03 12:20:26

  • Red Hatters celebrate anniversary at Pikesville Senior Center (Westminster Community Times)

    Pikesville Senior Center: The Red Hatters, an active and fun group of ladies ages 60 and above, celebrated their third anniversary in the recently renovated Pikesville Senior Center at 1301 Reisterstown Road on the second floor of the Pikesville library.
    2007-10-03 12:19:31

  • Home Equity Income Trust Subsidiary Issues Medium Term Notes (CNW Group via Yahoo! Finance)

    Home Equity Income Trust today announced that its subsidiary, CHIP Mortgage Trust , has arranged the sale of $150,000,000 of senior medium term notes and $20,000,000 of subordinated medium term notes .
    2007-10-03 02:45:00

  • Reverse mortgage marketplace heats up (Investment Executive)

    With the arrival of a New Zealand-based company in Canada, the marketplace for reverse mortgages has become considerably more crowded. Mississagua, Ont.-based Seniors Money Ltd.
    2007-10-03 11:21:11

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