Mortgage and Financial News From 2007-12-26 Page 01

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  • United Rentals accepts $100 million in breakup

    Baltimore Sun - ... unit was attempting to use the turmoil in U.S. credit markets from subprime mortgage ... from their $25.3 billion deal to buy SLM Corp., the biggest U.S. education lender ... Stories about Baltimore area residents who have found their ideal home > Upload a ...
    2007-12-24 03:59:00

  • American Home to Sell Mtge Loan Pools

    Forbes - American Home Mortgage Investment Corp. wants bankruptcy court permission to sell pools of mortgages in which borrowers are behind in their payments and owe $164 million in principal on the loans. The failed mortgage lender has asked the U.S ...
    2007-12-26 02:38:00

  • Japan Stocks Fall After U.S. Home Prices Drop Most in 6 Years

    Bloomberg - ... fell for the first time in five days after U.S. home prices slumped by the most in at least six years, sparking concern the worsening housing recession will lead to more losses on mortgage ... Acom Co., the No. 3 consumer lender by value and partially ...
    2007-12-26 11:13:00

  • Japan Stocks Fall After U.S. Home Prices Drop Most in 6 Years (Bloomberg.com)

    Dec. 27 (Bloomberg) -- Japanese stocks fell for the first time in five days after U.S. home prices slumped by the most in at least six years, sparking concern the worsening housing recession will lead to more losses on mortgage-backed securities.
    2007-12-26 11:36:33

  • Lenders need to feel the pain

    Journal Times - Lenders operating with few restrictions and seeking ever higher returns used initially low interest rates and payments to lure in people with poor credit. Meanwhile, mortgage brokers earned payments based on the number of loans they created, not the ...
    2007-12-25 03:58:00

  • Stepping Up Your Savings

    Motley Fool - You may think you know everything you need to about bank CDs. As interest rates have fallen , however, banks have made some changes to traditional CDs to be more attractive to investors. Before you decide to put your money into a CD with fancy ...
    2007-12-26 12:07:00

  • INDICATORS - Lebanon - Updated Dec 26 (Reuters via Yahoo! Singapore News)

    BEIRUT, Dec 26 - Below is a table of the latest Lebanese economic statistics.
    2007-12-25 11:49:41

  • Letters to the Editor (The Martha's Vineyard Times)

    As I was putting my groceries away in my car last week in the Vineyard Haven Stop & Shop parking lot, a man jumped out of his SUV. "I'll take your cart back if you'll let me have your parking space," he said.
    2007-12-26 06:50:03

  • Stepping Up Your Savings (The Motley Fool)

    Some CDs come with bells and whistles; be sure you understand how they work.
    2007-12-26 12:29:49

  • The year banks felt the chill

    Manchester Evening News - ... pumping billions into frozen money markets last week, inter-bank borrowing rates ... the banking sector involved in trading complex bonds, based on bundles of mortgage ... Given the current woes of the banking sector, ABN's £49bn price tag - struck ...
    2007-12-26 09:47:00

  • Nicholas F. Benton: As ‘The Era of Greed’ Ends

    Falls Church News-Press - The sub-prime mortgage crisis is only the first phase of what will follow in the ... by offers of no down payments, interest only payments and adjustable rates to buy ... from the Federal Reserve and others are aimed at stretching out the current ...
    2007-12-26 07:53:00

  • Drastic decline in net foreign investment

    Daily Times - Current policy rates remain at their highest since 2002, yet inflation, measured as a 12-month moving average, quickening to 17.7 ... said investors had been cheered by moves to shore up banks hit by the default crisis in the US subprime mortgage... ...
    2007-12-26 02:52:00

  • US housing crisis reverberates around the globe

    New Straits Times - Today, worries are growing that the crisis that began with mortgage failures and spread to banks and ... late in 2008" in the United States but predicts that the Federal Reserve will need to cut interest rates to 2.0 percent from the current 4 ...
    2007-12-26 04:04:00

  • Case-Shiller says 11 of 20 cities show record-low growth rates

    Marketwatch - Given conditions relating to mortgage financing, and the number of unsold homes that ... Ore., -- were the only ones still experiencing positive annual growth rates in ... Historical and current end-of-day data provided by FT Interactive Data . More ...
    2007-12-26 07:21:00

  • Readers' Opinions

    Kommersant - Hence the current situation, in which the growth in share prices is slowing down ... and 7%, respectively), while share prices for the other banks grew, but at rates ... come in fourth (57.05%), after Moscow Deposit Bank (67.13%) and Moscow Mortgage ...
    2007-12-26 09:47:00

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