Mortgage and Financial News From 2007-10-3 Page 8

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• Officials: Medina house fire was intentionally set

  Houston Chronicle - His wife and one of his children were the only people in the home that night ... fire marshal investigator on the case, had earlier said six "persons of interest ... According to public records, a mortgage company filed to foreclose on the home in ...
  2007-10-03 02:40:00

• Northern Rock scraps mortgages

  BBC Business - Troubled mortgage lender Northern Rock has decided to scrap two-thirds of its 213 ... In the past week, nine banks or building societies have raised the interest rates ... Only four months ago, sub-6% rates were available, whereas today you would be ...
  2007-10-03 08:42:00

• Democrats threaten bill to raise Freddie, Fannie portfolio caps

  Forbes - ... agrees on its own to take this step and provide more liquidity in the tight mortgage ... They would only be able to buy 'refis' that make sense.' The Bush administration ... subprime loans have been restructured to accommodate borrowers facing high interest ...
  2007-10-03 11:55:00

• Seniors looking to remodel share unique concerns

  Boston Online - How will you pay for the remodel? If you are using a line of credit or a reverse mortgage that features a line of credit for all or part of the remodel, you will pay interest only on the funds you actually use. For example, you could pay one lump sum ...
  2007-10-03 07:16:00

• Mortgage applications dip 2.7%

  Dallas Morning News - Mortgage applications dip 2.7% 10:59 AM CDT on Wednesday, October 3, 2007 Bloomberg News Mortgage applications in the U.S ... Declines in home prices will make it harder for owners to refinance loans just as more interest-only and adjustable-rate ...
  2007-10-03 09:11:00

• AP Business NewsBrief at 1:41 p.m. EDT

  CNBC - ... activity, came in as expected and gave investors little reason to rally on hopes of an interest ... The news came only hours after Credit Suisse Group said problems in the mortgage market will linger as long as 18 months as it announced layoffs in its ...
  2007-10-03 10:44:00

• Borrowers and banks hit as credit crisis takes toll of homeowners

  Times Online - ... expensive for borrowers and less profitable for banks, Britain’s biggest mortgage ... pre-tax profits would halve in the third quarter, from €1.8 billion to only ... so, then the "houses of cards" will tumble. I cannot see any reason to drop interest ...
  2007-10-03 01:00:00

• Destiny Lending Brings European-Style Mortgage Product to Coloradoans (PRWeb via Yahoo! News)

  Destiny Lending has announced the launch of its latest mortgage product, Total Access Mortgage. TAM is a financial tool based on a European style of home loan, and is particularly well-suited to homebuyers with good financial liquidity.
  2007-10-03 12:01:00

• Mortgage applications dip 2.7% 7:44 AM CT (Dallas Morning News)

  Mortgage applications in the U.S. fell 2.7 percent last week as purchases declined to the lowest since April and refinancing cooled. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan dropped to 636.7 from 654.2 the prior week.
  2007-10-03 06:10:11

• Stocks dip slightly despite uplifting reports

  MSNBC - ... on manufacturing raised hopes that the Federal Reserve will lower interest rates ... the third quarter due to writedowns related to deterioration in the subprime mortgage ... Stay home! Patriots' gamble on Moss has paid off big-time     On the Level: So did ...
  2007-10-01 08:30:00

• Canara Bank cuts housing loan rates

  Business Standard - Bank of Baroda and Industrial Development Bank of India and State Bank of Bikaner and Jaipur have also revised mortgage rates downwards. Meanwhile, Dena Bank has decided to cut its lending rates for fresh home loans by 50 basis points from October ...
  2007-10-03 11:27:00

• Radian Tumbles After Deloitte Steps Down as Auditor (Update3)

  Bloomberg - He rates the shares ``market perform.'' Record home foreclosures and the failed deal with Milwaukee- based MGIC sent shares of Radian, the third largest U.S. mortgage insurer, down about 55 percent this year. Mortgage insurers help ...
  2007-10-03 01:43:00

• US house sales 'in freefall' as lending conditions tighten

  Financial Times - ... signed purchase agreements for existing homes dropped 6.5 per cent to the lowest ... Caution among banks and investors about increasing their exposure to the US mortgage ... risk of a recession, despite the Federal Reserve's decision to cut interest rates ...
  2007-10-03 07:02:00

• Prepare to Winterize Your Home

  Motley Fool - Learn more about buying, selling, and maintaining a home by visiting our Home Center , which also features information on special mortgage rates. You can also visit our Buying or Selling a Home and Building/Maintaining a Home discussion boards to get ...
  2007-10-03 10:15:00

• Bear Stearns Cuts 310 Mortgage Jobs, to Merge Units (Update4)

  Bloomberg - Bear Stearns, second to Lehman Brothers in underwriting mortgage bonds, cut about 240 jobs at the home-lending units in August, people familiar ... in the market environment and product demand,'' Tom Marano, the firm's global head of mortgages, rates ...
  2007-10-03 02:11:00

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