Mortgage and Financial News From 2007-9-27 Page 27
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Primary Residential Mortgage, Inc. Reports a 71% increase in FHA Mortgage Volume (PRWeb via Yahoo! News)
Mirroring market-wide demand, Primary Residential Mortgage, Inc. (PRMI) has seen a 71% increase from January to August of this year in federally insured Federal Housing Administration loans. Having been a HUD/FHA Direct Endorsement lender since 1998, the company is using their extensive experience to help borrowers utilize FHA loans.
2007-09-26 12:01:00 -
Getting a Home Loan is Not Impossible Says a Home Loan Expert; and Don't be Frightened by What You Read and Hear (PRWeb via Yahoo! News)
Despite the grim news you hear and read daily about the mortgage crisis, obtaining a home loan to purchase or refinance a home is still possible, says a home loan expert.
2007-09-27 12:01:00 -
Got a mortgage at Countrywide? Don't sweat it
USA Today - Perhaps due to its position as the nation's No. 1 private mortgage lender, Countrywide has been at the center of the hand ... The report isn't bullish on the stock and rates it a "sell." But just because Countrywide may not be a good stock for ...
2007-09-26 10:41:00 -
Jump in mainland mortgage rates on way to hold prices: report
Hong Kong Standard - People's Bank of China may raise home-loan rates by as much as 10 percent this week as the central bank seeks to further tighten the screws on speculators and hold down residential prices, China Daily said, citing an unidentified source. The China ...
2007-09-26 12:18:00 -
Inflation slowdown but ‘peak is still to come’
Business Day South Africa - The annual rise in CPIX, which excludes changes in mortgage rates, slowed to 6,3% from 6,5% in July — bang in line with forecasts and its lowest since April. But the respite is likely to be short-lived, with the Bank saying last week that inflation ...
2007-09-26 10:33:00 -
Labour’s profane thoughts about the economy
Times Online - You know the sort of thing: “If Gordon waits until next year for the election, we can be sure of some rate cuts before polling day”, or “If there’s a problem with house prices, Gordon will fix it with lower mortgage rates”. Such coarsely ...
2007-09-26 09:29:00 -
Alan Greenspan sees risks of '70s-style inflation rising
Miami Herald - That made car loans, college tuition and credit card debt more costly to finance. Mortgage rates rose too, making it harder to finance home purchases and putting downward pressure on home prices. Greenspan, the leading economic seer of the1990s, fears ...
2007-09-26 11:52:00 -
House prices defy credit crisis
Guardian Unlimited - ... ago, following the first news of Northern Rock's loan from the Bank of England , Nationwide said it expected annual price growth to fall back to 7% by the end of the year as problems in housing markets across the globe led to rising mortgage rates. ...
2007-09-26 11:52:00 -
US mortgage rates unchanged on Wednesday -BestInfo
Reuters - NEW YORK, Sept 26 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points was unchanged on Wednesday at 6-1/2 percent, according to BestInfo Inc. The 30-year mortgage rate with one upfront point was unchanged at 6-1/4 percent ...
2007-09-26 01:01:00 -
Mortgage approvals rise 11% in August-英语点津 (China Daily)
New home mortgage approvals rose 10.9 percent to HK$19.3 billion in August thanks to the city's fast growing economy, according to the Hong Kong Monetary Authority (HKMA).
2007-09-27 12:42:06 -
HDFC and ICICI bank cut loan rates (ANI via Yahoo! India News)
HDFC and ICICI bank cut loan rates
2007-09-26 10:11:00 -
Johnson County grand jury hands down obscenity indictments
Kansas City Star - The Johnson County jury has, however, announced indictments in more than a dozen other cases, including those involving mortgage fraud, drunk driving, burglaries and the murder of Overland Park teen Kelsey Smith. The grand jury can operate for 90 days ...
2007-09-25 05:55:00 -
TEXT-SEC chief testifies on credit rating examination
Reuters - They have noted several factors that seem to have caused the unexpected losses: fraud in the mortgage origination process; deterioration in loan underwriting standards; and finally, lending standards quickly became more restrictive thereby ...
2007-09-26 12:25:00 -
Wall Street faces credit crunch fraud allegations
Times Online - Wall Street faces allegations that it fraudulently contributed to the credit crunch as America’s financial watchdog announced a probe into whether underwriters of mortgage-backed bonds "unduly influenced" the ratings agencies to ignore their risks ...
2007-09-26 02:41:00 -
Credit agencies deny inflating ratings to beat rivals, Senate told
The Independent - ... agencies have told the SEC that overly optimistic credit ratings stemmed not from a poor methodology or from conflicts of interest but because of the unexpected spike in arrears, the result of deteriorating lending standards and fraud by mortgage ...
2007-09-26 05:18:00