Mortgage and Financial News From 2007-8-23 Page 8

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  • lower yields, Fed cut help mortgage rates (UPI)

    Lower treasury yields and the Federal Reserve rate cut helped ease mortgage rates this week, the Freddie Mac mortgage report said Thursday.
    2007-08-23 03:59:24
  • Mortgage rates decline on Fed move (CNN Money)

    Mortgage rates declined about one-tenth of a percent across the board last week, continuing recent declines, Freddie Mac reported Thursday.
    2007-08-23 03:16:49
  • 40,000 mortgage jobs lost so far

    Buffalo News - ... declined and interest rates rose in the past year, rising delinquencies and defaults — especially in subprime mortgages ... Former state employee wins $150,000 in reverse discrimination case Man killed in mid-morning shooting near Broadway Two ...
    2007-08-23 04:23:00
  • Bulletin Board

    Norwich Bulletin - Reverse mortgages will be discussed. Hosted by the Pomfret Seniors Association. All Pomfret seniors invited. MYSTIC AARP MEETING, 1 p.m., Sept. 4, Mystic/Hoxie Fire Station, MYSTIC. Refreshments served at 1 p.m. Meeting begins at 1:15 p.m. Entertainer ...
    2007-08-23 07:34:00
  • Countrywide Shares Up on BofA Investment

    WTOP Radio - As defaults increased on subprime mortgages to borrowers with shaky credit histories, and the problems stretched to other credit markets, Countrywide's shares plunged, hitting a 52-week low of $15 last Thursday. The stock rebounded after the Federal ...
    2007-08-23 03:55:00
  • High-risk mortgages prompt hike in Indianapolis foreclosures

    MSNBC - Indianapolis - Hundreds of foreclosed Indiana homes are on the auction block, many of them because of high-risk mortgages ... Momentive is a HUD-approved counseling agency offering prepurchase, post-purchase, mortgage delinquency, and reverse ...
    2007-08-22 06:12:00
  • Stocks Retreat As Credit Worries Linger

    Newsday - The Fed's cut of the discount rate, the interest it charges banks to borrow, did little to alleviate concern about distressed subprime mortgages and a difficult credit environment, although it did remove some of the volatility that has torn the stock ...
    2007-08-23 04:31:00
  • U.S. mortgage rates fall

    Marketwatch - Interest rates on conforming long-term fixed-rate mortgages and one-year adjustable rate mortgages trended down by about one-tenth of a percent in the past week," said Frank Nothaft, Freddie Mac vice president and chief economist, in a news release ...
    2007-08-23 03:33:00
  • Ads tout retirement 'second act'

    Contra Costa Times - REVERSE MORTGAGES IN RETIREMENT: On the other hand, I've been a fan of reverse mortgages for years, despite their relatively high entry and servicing fees. But what surprises me is a recent report that the main reason for getting a reverse mortgage ...
    2007-08-23 09:57:00
  • Fed Uncertainty Makes Early Rate Cut Less Likely (Update2)

    Bloomberg - The effort is needed because policy makers expect to learn little from government reports for July, such as durable-goods orders and new home sales, which will reflect conditions before a collapse in securities backed by subprime mortgages prompted a ...
    2007-08-23 04:31:00
  • Banks do good by stepping up to Fed's discount window (San Francisco Chronicle)

    Four major U.S. banks on Wednesday proudly announced they had borrowed $500 million each from the Federal Reserve's discount window. A few weeks ago, borrowing from the discount window would have been seen as an act of desperation. Now it's being promoted as...
    2007-08-23 07:20:04
  • Toronto-Dominion Profit Rises on TD Banknorth Unit (Update1) (Bloomberg.com)

    Aug. 23 (Bloomberg) -- Toronto-Dominion Bank, the first Canadian bank to report third-quarter results, said profit rose 39 percent, topping analysts' estimates, on higher U.S. earnings after the lender increased its stake in TD Banknorth.
    2007-08-23 12:21:40
  • Markets sigh with relief after Fed acts (USA Today)

    Stability and calm returned to financial markets Wednesday amid growing optimism that the Federal Reserve's recent moves will help avert a widely feared credit crisis.
    2007-08-23 01:48:23
  • Toronto-Dominion Profit Rises on TD Banknorth Unit (Update2) (Bloomberg.com)

    Aug. 23 (Bloomberg) -- Toronto-Dominion Bank, the first Canadian bank to report third-quarter results, said profit rose 39 percent, topping analysts' estimates, on higher investment- banking fees and earnings from its U.S. unit.
    2007-08-23 02:11:59
  • Bill rate falls after bank acts (Otago Daily Times)

    THE 90-day bank bill rate plunged yesterday after the Reserve Bank said it would act today to ease the cash shortage in the money market. The bills, a key indication of floating mortgages, had steadily increased to reach a peak of 9.15% on Wednesday.
    2007-08-23 05:05:17