Mortgage and Financial News From 2007-10-6 Page 4
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WaMu debt outlook revised to stable -S&P
Reuters - ... Poor's on Friday revised its outlook on Washington Mutual Inc (WM.N: Quote , Profile , Research ) to stable from positive, citing expectations of lower earnings for the remainder of 2007 and for 2008 due to losses from residential mortgage loans. A ...
2007-10-05 02:37:00 -
100 per cent loans new norm for buyers
Stuff - Houses have become so unaffordable that many mortgage brokers say the 100 per cent loan is fast becoming the norm for first homebuyers. But financial experts are warning against the 100 per cent mortgages, saying softening house prices could leave ...
2007-10-06 12:13:00 -
France struggles to translate ‘subprime’
Daily Times - ... of Economic & Financial Terminology” says previous translations of the term are not good enough. “Therefore, the Commission ... advises French people to use the expression ‘prets hypothecaires a haut risque’ (high risk mortgage loans) which ...
2007-10-06 02:43:00 -
With Assists From Google and Apple, Tech Sector Rebounds
Washington Post - While the number is smaller than the $466 million investors put into tech funds in July, the gain is notable given the market gyrations that occurred in August on concerns about the housing sector and souring mortgage loans. "The fact that investors ...
2007-10-06 11:02:00 -
Merrill Lynch crashes into loss after $5bn writedown
Times Online - Merrill Lynch’s sub-prime mortgage unit, First Franklin Financial, has also cut jobs and closed branches this year as defaults and foreclosures on mortgage loans rose. Although Merrill said that it was “beginning to see signs of a return to more ...
2007-10-06 03:41:00 -
California mortgage lender accused of unfair practices
KRNV - The lawsuit against Brea-based Fremont Investment and Loan comes three months after the attorney general reached an agreement that restricted the company's ability to foreclose on its mortgage loans in Massachusetts. That agreement included a 90-day ...
2007-10-06 03:26:00 -
Forget Easy Money. Try Saving a Few Bucks. (Washington Post)
Countrywide Financial, the nation's largest mortgage lender, has a curious new idea -- or, more precisely, an old one. No longer will it use wads of Chinese cash recycled through Wall Street to make subprime loans to unqualified borrowers. Instead, it will take in deposits from small savers and lend them out to people who might actually repay them -- just like that humble thrift institution ...
2007-10-06 09:21:24 -
Massachusetts Sues Brea Subprime Mortgage Lender (CBS 2 Los Angeles)
The state of Massachusetts is suing a California subprime mortgage lender, accusing it of unfair practices that contributed to the current spike in home foreclosures.
2007-10-06 05:11:00 -
100 per cent loans new norm for buyers (Stuff)
Houses have become so unaffordable that many mortgage brokers say the 100 per cent loan is fast becoming the norm for first homebuyers.
2007-10-06 12:26:17 -
Soft Power Vs Hard Facts
Hindustan Times - ... and the US were “natural allies” (as AB Vajpayee declared when he was Prime ... many Indian columnists have acted as though there is a complete mutuality of interest ... do accept that the end of the socialist raj accounts for our current growth rate ...
2007-10-06 03:34:00 -
Darling must perform great conjuring act
Guardian Unlimited - But if the Prime Minister decides to call an election, Darling's statement will ... Most prominent was the headline-grabbing 2p cut in the basic rate of income tax ... Much of their income comes in the form of 'carried interest' - the share of the ...
2007-10-06 04:45:00 -
A bubble of optimism too easy to burst
Observer - Wall Street has been fired up by the Federal Reserve's rate cut, which revived ... in the US and the UK have become inflated through a combination of low interest rates ... Greenspan says the sub-prime crisis is possibly about to be over, but that even so ...
2007-10-06 04:17:00 -
Dollar Rises Most Against Yen in More Than Year on U.S. Growth
Bloomberg - ... Interest-rate ... Prime Minister Romano Prodi said on Oct. 3 in Rome that he and German Chancellor Angela Merkel had spoken briefly and expressed concern over the currency's strength. The Bank of England on Oct. 4 left its benchmark interest rate ...
2007-10-06 02:43:00 -
News Minute: Democratic poll...Radio addresses...Auto talks resume
WDAM-TV - Rate Your Intake Check Your Cholesterol Just How Sleep-Deprived Are You?!? Are You Getting Enough Protein? Cold Checkup Allergy ... LONDON (AP) - Britain's prime minister has ruled out a call for early elections. Gordon Brown's office made the announcement ...
2007-10-06 08:31:00 -
Fresh package for exporters announced
Statesman - The list of sectors eligible for reduced interest of 4.5 per cent minus the benchmark prime lending rate on pre and post-shipment credit has been expanded to 12. India Inc. has, meanwhile, welcomed the fresh package while maintaining that more needed ...
2007-10-06 11:45:00