Mortgage and Financial News From 2007-9-27 Page 21
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Ahead of the Bell:Credit Rating Agencies (AP via Yahoo! Finance)
Credit rating agency executives are scheduled to spend a second day on Capitol Hill on Thursday as House lawmakers examine the role the agencies played in the mortgage debacle which has rattled investors worldwide.
2007-09-27 03:54:24 -
Second-home sales could see higher taxes (Boston Globe)
WASHINGTON - The House Ways and Means Committee, seeking revenue to help homeowners in foreclosure, unanimously approved higher taxes on the sale of vacation homes.
2007-09-27 02:36:53 -
U.S. Economy Grew at a 3.8% Rate in Second Quarter (Update2) (Bloomberg.com)
Sept. 27 (Bloomberg) -- The U.S. economy grew in the second quarter at the fastest pace in more than a year before last month's credit-market turmoil heightened concern the expansion might be cut short.
2007-09-27 06:03:17 -
U.S. Economy Expanded 3.8 Percent in Second Quarter (Update3) (Bloomberg.com)
Sept. 27 (Bloomberg) -- The U.S. economy expanded at the fastest pace in more than a year in the second quarter, before the sell-off in credit markets that threatens to hobble growth in the second half.
2007-09-27 06:48:02 -
London shares up midday, Wall St seen opening up, banks rally on ...
Forbes - ... weak housing report will underline the need for a fresh cut in interest rates to ... Jose Maria Ruiz-Mateos, plans to bid for 10 pct of beleaguered UK mortgage lender ... News and its third party content providers for your personal information only ...
2007-09-27 05:43:00 -
Euroshares higher midday on banking sector M&A talk
Forbes - ... data will underline the need for a fresh cut in interest ... Flowers & Co LLC has been given access to the ailing mortgage lender's books after making a takeover proposal for the bank. The Daily Telegraph reported that Flowers' offer may be the only ...
2007-09-27 05:29:00 -
European Stock Futures Gain; Shell, Total, DSM May Advance
Bloomberg - ... economic reports today will give the Federal Reserve more room to cut interest rates ... reported that JC Flowers & Co LLC has been given access to the U.K. mortgage lender ... Flowers may be the only approach that might keep the U.K. bank as one entity ...
2007-09-26 11:45:00 -
Rate cut pinches yields on savings
Seattle Times - Interest rates on savings are heading south. Concerns about the credit markets have ... Many have shied away from mortgage-backed securities in recent months, as credit ... Banks set rates only by how much they're willing to pay to attract funds, not by ...
2007-09-27 12:14:00 -
Northern Rock recovery helps lift FTSE 0.9 pct
MSN UK News - ... Rock shares extended their recovery on talk of more potential interest ... Only time will tell how those difficulties will pan out and whether any further ... said Wall Street dealmaker Chris Flowers had been given access to the mortgage ...
2007-09-27 04:17:00 -
Arbor Realty Trust Receives Sixth Distribution From Equity Investment ...
Forbes - ... bridge and mezzanine loans, preferred and direct equity investments, mortgage ... Company LLC ("Prime"), an entity in which Arbor owns an equity and profits interest. ... Such forward- looking statements speak only as of the date of this press release ...
2007-09-27 05:36:00 -
European Stocks Advance; BMW, Porsche, Nordea Pace the Gains
Bloomberg - ... decline in home sales today, giving the Federal Reserve more room to cut interest ... Flowers & Co. has been given access to the U.K. mortgage lender's books after making a takeover proposal for the bank. Flowers may be the only approach that might keep ...
2007-09-27 05:36:00 -
UK Aug mortgage approvals for house purchase slow to 61,051 - BBA ...
Forbes - LONDON (Thomson Financial) - Mortgage approvals for house purchases dropped in ... market may be starting to slow in response to the Bank of England's five interest ... News and its third party content providers for your personal information only ...
2007-09-27 03:13:00 -
Interest-only bridge loan has risk (Bankrate.com via Yahoo! Finance)
Interest-only ARM's monthly payments can increase if it converts to fixed-rate mortgage, says Dr. Don.
2007-09-27 03:00:00 -
Single-family home prices fall: Sales activity also declines in August ...
Patriot Ledger - Many industry observers hope that the Federal Reserve Board’s interest rate cut of a half percentage point will push down mortgage rates, making home-buying more attractive. But the 30-year-mortgage rates have inched up slightly since the Fed cut ...
2007-09-25 05:55:00 -
August lending figures lowest for seven years
Guardian Unlimited - The number of mortgages approved for home purchase in the UK saw a hefty annual ... Bankers' Association said today, adding to evidence that higher interest rates are taking the strength out of the housing market.
2007-09-27 04:31:00