Mortgage and Financial News From 2007-11-19 Page 6

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  • Mortgage woes could spread to cars (AP via Yahoo! News)

    Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business.
    2007-11-19 03:06:28
  • Fuel costs seen cutting holiday spending

    Boston Globe - But fewer consumers are saying they are concerned about making monthly payments on mortgage and consumer loans, despite a widespread subprime mortgage crisis that has resulted in a credit crunch. The survey conducted by the Consumer Federation of ...
    2007-11-19 03:14:00
  • Smart strategies in a scary market

    CNN Money - Falling home prices and subprime loan defaults are localized and can be absorbed, when compared with the overall real estate market or the total volume of outstanding mortgage loans. If you're a pessimist, of course, you believe that share prices have ...
    2007-11-19 11:40:00
  • November home builder sentiment at record low

    CNBC - The underwriting standards now for mortgage loans are so strict that credit's not really the killer," he added. "It's mortgage lenders demanding higher reserves, perfect documentation on employment history and salary, they want money down -- the ...
    2007-11-19 12:30:00
  • Pure Industrial Real Estate Trust announces $10 million follow on ...

    Forbes - PIRET, given current market conditions, projects that such mortgage loans will bear interest at a rate which is 165 basis points over an equivalent term Government of Canada Bond. PIRET has not yet received either a mortgage commitment or a term ...
    2007-11-19 02:24:00
  • CEO to Present at BofI Annual Shareholder Meeting - November 20,

    MSN MoneyCentral - ... variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating home equity loans , auto loans and RV loans , as well as originating and purchasing multifamily and single-family mortgage loans ...
    2007-11-19 01:20:00
  • Mortgage Refinance

    Best Syndication - If anyhow you fail, then the lender can take up the asset that you have kept as a guarantee. This whole system is called a mortgage. Mortgage can be of different types. There are home mortgages, car mortgages etc. Mortgage loans can also be refinanced
    2007-11-19 03:36:00
  • Nationwide mail campaign begins to help at-risk homeowners in mortgage ...

    CNBC - Bair has said that mortgage companies should consider making broadbased conversions of adjustable-rate mortgages to fixed-rate loans if the borrowers are current on their payments. It has been estimated that mortgage defaults could rise to 2 million ...
    2007-11-19 03:43:00
  • Real estate investment trust Impac Mortgage Holdings delays 3rd ...

    CNBC - ... Calif. - Impac Mortgage Holdings Inc. said Monday its third-quarter 10-Q filing will be delayed so it can properly record and disclose its discontinued warehouse lending operations, commercial operations and the end of its nonprime mortgage loans. The ...
    2007-11-19 04:23:00
  • More Mortgage Damage Seen For Citi (Forbes)

    Goldman Sachs predicts the bank may have to write off an additional $15 billion in mortgage losses.
    2007-11-19 05:06:04
  • Writedowns on mortgage backed securities, downgrades send markets lower (MSN Money Canada)

    TORONTO - More writeoffs of securitized mortgage loans that have gone bad helped drive stock markets lower Monday morning. The Canadian dollar was down 0.89 of a cent to 101.8 cents US after Bank of Canada governor David Dodge raised the possibility of an interest rate cut during the weekend.
    2007-11-19 08:42:23
  • Mortgage mania persists with aggressive loans (BizJournals)

    Less than a year into a deep mortgage slump caused by unprecedented loose lending standards, exotic and potentially risky mortgage types are creeping back into the local market.
    2007-11-18 11:19:06
  • Analysts worry that mortgage troubles could spread to auto loans (WOOD TV 8 Grand Rapids)

    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.
    2007-11-19 01:53:59
  • Sales LKR 148 mn

    Lanka Business Online - ... home prices, a struggling stock market, a softening labor market, rising energy and food prices, resetting mortgage rates, and ... Asian stocks closed mostly lower Monday as worries about a US economic slowdown sent Japan's stock market to its lowest ...
    2007-11-19 03:57:00
  • Yields fall as investors anticipate rate cut

    Guardian Unlimited - ... after Goldman Sachs warned Citigroup bank may have write off $15 billion in mortgage ... interest rate moves -- soared 7/32 in price for a yield of 3.22 percent, the lowest ... but not great news, and the market is still trying to get the Fed to (cut rates in ...
    2007-11-19 11:04:00