Mortgage and Financial News From 2007-11-6 Page 7

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  • Fitch Affirms 15 Classes & Places 1 Class on Watch Negative from 2 GSC ...

    Forbes - American Home Mortgage, GreenPoint Mortgage Funding Incorporated, Countrywide Home Loans, Inc. and Decision One Mortgage Company, LLC. The affirmations reflect adequate relationships of credit enhancement (CE) to future loss expectations and affect ...
    2007-11-06 01:07:00

  • IndyMac Swings to Loss As Past-Due Loans Jump

    Wall Street Journal - IndyMac -- the ninth-largest U.S. home-mortgage lender by volume, according to trade publisher Inside Mortgage Finance -- posted a net loss of $202.7 million, more than five times wider than the Pasadena, Calif., lender had projected two months ago ...
    2007-11-06 06:07:00

  • Is it time to fix or split your home loan?

    News.com.au - Even the experts are reluctant to commit one way or another about fixing home loan rates, but in some circumstances splitting your mortgage into fixed and variable portions makes sense. Shane Oliver, chief economist at AMP Capital Investors, says ...
    2007-11-06 02:33:00

  • Kit home history

    Minneapolis Star Tribune - Start by comparing the home's exterior to pictures in Sears catalogs, she suggested, then look for mortgage records or Sears parts numbers on building materials. "More than 80 percent of people who think they have one are wrong," according to Thornton
    2007-11-06 02:54:00

  • We feel your pain – PM, Costello

    News.com.au - PRIME Minister John Howard and Treasurer Peter Costello have both apologised for today's interest rate rise - a hike that will add about $40-a-month to the average home mortgage. Mr Howard accepted the rise - the sixth since the 2004 election - would ...
    2007-11-06 06:00:00

  • Citi Names Executive to Repair Mortgage Problems (New York Times)

    Richard Stuckey, who helped dismantle Long-Term Capital Management in 1998, will head a group devoted to managing $43 billion of Citi?s ailing mortgage-backed securities.
    2007-11-06 01:06:48

  • Citizens Home Loan to Approve Mortgage Applicants Using Alternative Credit Histories (PR Newswire via Yahoo! Finance)

    Citizens Home Loan and PRBC® today announced an agreement to enable individuals to build a PRBC Report and score, based on their history of making rent, utility, phone, and other recurring bill payments, that can be used to demonstrate creditworthiness for a mortgage loan.
    2007-11-06 05:00:00

  • Allied Home Mortgage Capital Corporation Opens New Branch Office in New Castle, Delaware (PrimeNewswire via Yahoo! Finance)

    NEW CASTLE, Del., Nov. 6, 2007 -- Allied Home Mortgage Capital Corporation has opened a new branch in New Castle, DE. The branch is the only one in the city and state.
    2007-11-06 06:31:39

  • Highland Distressed Opportunities, Inc. Announces Declaration of ...

    MSN MoneyCentral - The Company's investment objective is total return generated by both capital appreciation and current income. We intend ... those projected, including the uncertainties associated with the timing of transaction closings, changes in interest rates ...
    2007-11-06 03:30:00

  • Fitch Rates Niagara Falls, New York $39.4MM 2007 GOs 'BBB'

    PR Inside - Fitch rates The City of Niagara Falls, New York's (the city) $39.4 million ... mandated construction of a public safety building, being funded with the current ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-11-06 04:56:00

  • CURRENCIES: Dollar Probes Euro Lows, Slips Vs. Sterling, But Steady Vs ...

    FXStreet.com - Federal Reserve to cut its federal funds rate again in December from its current 4.5%. Lower interest rates pressure the dollar, as they erode the returns on dollar-denominated assets. The euro was trading at $1.4555 after earlier rising to $1.4571 ...
    2007-11-06 04:06:00

  • Price worries will keep interest rates in check

    MSN UK News - LONDON (Reuters) - Worries over inflation will most likely keep interest rates at a six-year ... chief economist Charles Bean also gave little sign he was about to vote for an interest rate cut when he highlighted the uncertainty in reading the current ...
    2007-11-06 10:15:00

  • More mortgage pain

    News.com.au - ... to the mortgage belt on his Government's ability to manage the economy so that interest rates ... mortgage but you should have calcuated affordability using a rate 2% above the current rate to ensure the loan will remain affordable should rates rise
    2007-11-06 03:30:00

  • Pre-election Australian rate rise

    BBC Business - Australian interest rates are to rise to an 11-year high just weeks before the government of Prime Minister John Howard seeks re ... It said the risk of rising inflation outweighed the effects of the current credit crisis on the global economy. The ...
    2007-11-06 03:30:00

  • Central bank hints it won't cut interest rates

    Globe and Mail - Central bank hints it won't cut interest rates ... And we also said that we judge, at this time, that the current level of the target for the overnight rate is consistent ...
    2007-11-06 11:26:00

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