Mortgage and Financial News From 2007-10-3 Page 21
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Stock Futures Edge Lower on Rate Debate (AP via Yahoo! Finance)
U.S. stock futures dipped on Wednesday as investors awaited a report on the health of the nation's service economy. Any weakness in service sector growth could support the case for further interest rate cuts from the Federal Reserve.
2007-10-03 04:56:23 -
Dollar mixed ahead of rate calls, US data (AFP via Yahoo! News)
The dollar showed mixed fortunes against other major currencies on Wednesday as investors sat on their hands ahead of European interest rate decisions and a key US jobs report, analysts say.
2007-10-03 04:10:42 -
Mortgage apps down despite rate drop (CNN Money)
Volume declines nearly 3 percent in previous week despite recent decline in interest rates; 30-year fixed rate hits 6.32 percent.
2007-10-03 04:55:12 -
One in seven jobs at risk as squeeze begins
Scotsman - Compare this to the Civil Service. The Civil Service provides fairness, impartiality and not mindless greed seen in the ... in excess of the 65 million deficit already identified, if you include the savings from not paying a 20 to 30 year mortgage ...
2007-10-02 05:04:00 -
What you need to know about charging orders
MyFinances.co.uk - Fill out the form below to contact an impartial mortgage advisor. Bad Credit Mortgage Remortgage Uk If you're planning on ... Compare ISA Rates and Offers Compare mini cash and maxi ISA rates then apply online. Also compare 1,000 saving accounts, 7,000 ...
2007-10-02 07:42:00 -
Dire warning on state's red ink
Union - California needs to take dramatic action - perhaps by raising income taxes, limiting the home mortgage deduction or cutting off budget support for the University of California - or the state "could be in hole" by more than $14 billion in 20 years ...
2007-10-02 11:52:00 -
UPDATE 3-Morgan Stanley to cut about 600 mortgage jobs
Reuters UK - NEW YORK, Oct 2 (Reuters) - Morgan Stanley (MS.N: Quote , Profile , Research ) said on Tuesday it will slash 600 jobs in its residential mortgage business, about a quarter of the home loan work force, in the latest sign the mortgage market slump is ...
2007-10-02 10:05:00 -
Pending home sales dip in Aug.
Baltimore Sun - The problems, experts say, were seen especially in expensive areas where borrowers need to take out "jumbo" home loans above $417,000 that can't be sold to government-sponsored mortgage companies Fannie Mae and Freddie Mac In late August, the gap in ...
2007-10-03 12:21:00 -
Claims in EEOC lawsuit disputed by Nordstrom
Seattle Times - American Home Mortgage FBI opens probe into collapse Federal prosecutors and the FBI have opened an investigation into whether criminal misconduct was involved in the collapse of American Home Mortgage, sources familiar with the situation said. The ...
2007-10-03 12:14:00 -
Wednesday Papers: US home sales plunge to record low - other news
Reuters UK - US home sales plunge to record low and HBOS scraps annual mortgage targets. * Dow falls 40 points and Nasdaq adds eight points * US pending home sales index hits record low of 85.5, down 6.5% * Morgan Stanley to restructure mortgage business and ...
2007-10-02 11:45:00 -
With Most Expensive Home Heating Season Approaching, Already Strapped ...
PR Newswire - Mortgage Meltdowns, Economic Uncertainty Drawing Homeowners to Inexpensive, Environmentally-Friendly Outdoor Wood-Burning Furnaces GREENBUSH, Minn., Oct. 2 /PRNewswire/ -- Bracing for the most expensive home-heating season on record, homeowners are ...
2007-10-02 09:08:00 -
Credit Suisse's Dougan Says Mortgage Turmoil May Last (Update1)
Bloomberg - Oct. 3 (Bloomberg) -- Credit Suisse Group Chief Executive Officer Brady Dougan said the market for mortgage credit will be ``problematic'' for as long as 18 months. Rising U.S. home-loan defaults and a surge in credit costs led to ``frozen'' markets ...
2007-10-03 03:13:00 -
Sources: Feds probing American Home collapse
Newsday - Federal prosecutors and the FBI have opened an investigation into whether criminal misconduct was involved in the collapse of Melville-based American Home Mortgage, according to several sources familiar with the situation. The investigation, which is ...
2007-10-02 03:45:00 -
Homeowners find themselves at mortgage servicers' mercy
Herald Tribune - NEW YORK -- A cancer diagnosis forced Lindsey Jennings to give up his government job. With less income, Jennings feared he might lose the home he and his wife, Pearl, built near Atlanta almost 20 years ago. So he asked for help. But Jennings, who ...
2007-10-03 01:54:00 -
Mortgage industry group to report latest home loan application numbers ...
CNBC - WASHINGTON - Investors on Wednesday will get an update on how applications for home loans fared last week as the housing slump continues. The Mortgage Bankers Association is due to report its weekly index of home-loan application volume at 7 a.m. EDT ...
2007-10-03 03:41:00