Mortgage and Financial News From 2007-11-19 Page 11

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  • UPDATE 1-U.S. 2-year swap spread widest since March 1989

    Reuters - ... out last week on fears financial companies were going to be further hit by write-downs from a credit crisis that was sparked in the subprime mortgage sector. Much of the reason for the widening lies with climbing London interbank offered rates ...
    2007-11-19 01:41:00
  • Credit Unions Are Good for Their Members and the Economy, Say ...

    Forbes - Money Magazine said credit unions provide the best deals in banking, citing high returns on certificates of deposit, lower interest rates on credit cards, lower interest on auto loans, the HLPR ("helper") mortgage that caps interest rate increases ...
    2007-11-19 02:10:00
  • Moody's cuts 14 classes of Merrill Lynch Alt-A loans

    Reuters - The collateral backing the classes consists of primarily first lien, fixed and adjustable-rate, Alt-A mortgage loans. "The ratings were downgraded and placed under review for downgrade based on higher than anticipated rates of delinquency ...
    2007-11-19 02:03:00
  • Fed and markets sharply at odds over economy

    Reuters - ... Fed has lowered the benchmark federal funds rate by a cumulative three-quarters of a percentage point to prevent economic fallout from financial turmoil sparked by losses in the U.S. subprime mortgage market. The target for overnight rates ...
    2007-11-19 01:56:00
  • Markets, Fed Still at Odds Over Outlook for Economy

    CNBC - ... the Fed has lowered the benchmark federal funds rate by a cumulative three-quarters of a percentage point to prevent economic fallout from financial turmoil sparked by losses in the U.S. subprime mortgage market. The target for overnight rates now ...
    2007-11-19 01:34:00
  • Wall Street dives

    News.com.au - The list of obstacles for the consumer is long and daunting: falling national home prices, a struggling stock market, a softening labour market, rising energy and food prices, resetting mortgage rates, and high debt levels. Indeed, financial markets ...
    2007-11-19 01:56:00
  • Fitch Assigns Avelo Mortgage Primary Residential Servicer Ratings of ...

    Forbes - Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within some of these rating levels, Fitch further differentiates ratings by plus (+) and minus (-) as well as the flat ...
    2007-11-19 11:04:00
  • Analysts worry that mortgage troubles could spread to auto loans

    CNBC - DETROIT - Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. In a note to investors Monday, Lehman Brothers analyst Brian Johnson ...
    2007-11-19 01:20:00
  • Fitch Rates Lehman Brothers Small Balance $700.3MM Commercial Mortgage ...

    Forbes - The 'AAA' rating on the senior certificates reflects the 15.75% initial subordination provided by the 3.00% class M1, the 4.25% class M2, the 2.50% class M3, the 2.00% class M4, the 0.75% class M5, the 1.50% class B, as well an initial reserve fund ...
    2007-11-19 01:13:00
  • Following three straight declines, rates for 30-year mortgage are at standstill (West Central Tribune)

    WASHINGTON — Rates on 30-year mortgages were unchanged last week after posting three consecutive declines.
    2007-11-19 09:23:01
  • Fitch Rates Lehman Brothers Small Balance $700.3MM Commercial Mortgage Trust 2007-3 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates Lehman Brothers Small Balance commercial mortgage pass-through certificates 2007-3 as follows:
    2007-11-19 01:13:00
  • May 2007 Archives

    New York Daily News - Mortgage Home Equity Retirement Checking & Savings Credit Cards Personal Finance Latino Español Services Your Profile Home Delivery ... George Clooney and Matt Damon are Barack Obama fans . Rudy Giuliani is continuing his efforts to mend his relationship with ...
    2007-11-19 12:23:00
  • October 2007 Archives

    New York Daily News - ... Leader Joseph Bruno’s argument that the governor’s driver’s license plan will result in an increase in voter fraud. ... 2009 mayoral candidate/Comptroller Bill Thompson launched an initiative to help New Yorkers getting caught in the mortgage ...
    2007-11-19 12:23:00
  • Lenders go paperless

    News.com.au - BANKS and other lenders are under pressure from mortgage brokers and home-buyers to improve their loan processes and speed up ... The speedy and secure exchange of data slashes error rates, reduces opportunities for fraud, immediately updates and ...
    2007-11-19 02:03:00
  • Skipton Banks On Compliance Alert For AML And Fraud Detection

    Presse Box - (pressebox) Luton, 19.11.2007 - Skipton Building Society, an innovator in mortgage and investment products, has implemented Compliance Alert from Northland Solutions as its anti-money laundering and fraud detection solution. Compliance Alert was ...
    2007-11-19 07:08:00