Mortgage and Financial News From 2007-9-13 Page 01

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  • The Subprime Meltdown and SRI: Engage, Avoid, Predict

    Social Funds - ... fueled in large part by the profitability of loans with abusive terms, such as “exploding ARMs” (adjustable rate mortgages ... payment,” Momsen-Hudson said. “It’s good for the families and it’s good for the institutions--sort of like reverse ...
    2007-09-12 04:28:00

  • Nationwide Launches YourLifeSM Whole Life Insurance COLUMBUS -- Many ...

    dBusinessNews.com - Nationwide Calls for Preservation of Pension Plan COLUMBUS -- Nationwide is asking Congress to help reverse an ... ... including auto, motorcycle, boat, homeowners, life, farm, commercial insurance, administrative services, annuities, mortgages ...
    2007-09-12 11:33:00

  • Home values in Ohio below nation's rates

    Akron Beacon Journal - ... crisis, where the resetting of adjustable-rate mortgages has a record number of homeowners facing foreclosure. But regional economist Jack Kleinhenz said the figures shouldn't come as a surprise, and that the trend isn't likely to reverse itself ...
    2007-09-10 05:59:00

  • German banks well placed to withstand turmoil-Buba

    Reuters - Investors had overreacted to problems with U.S. subprime mortgages that spread through the finance system, he added. "I am optimistic that it will be possible to recognise this overreaction for what it is and reverse it step by step." Zeitler, deputy ...
    2007-09-13 10:53:00

  • Goldman Hedge Fund Had Worst Month in August

    Wall Street Journal - Most of those problems started in the market for subprime mortgages and then spread. The letter also says that bets that the ... at low interest rates in Japan to invest elsewhere -- a practice that's known as the "carry trade" -- to abruptly reverse ...
    2007-09-13 09:44:00

  • Some seniors turning to reverse mortgages (Daily Bulletin)

    Using a home equity line of credit, David Casey and his wife Joyce made some much-needed improvements around their house. New carpet. Updated plumbing. But the credit line's interest kept jumping, pushing their monthly payment to nearly $1,000 from $600.
    2007-09-13 06:25:32

  • D-FW foreclosure postings dip 2% for October

    Dallas Morning News - For a second month in a row, foreclosure postings in the Dallas-Fort Worth area have dipped compared with a year ago. ... At midyear, about 19 percent of Texans with subprime adjustable mortgages were late with their monthly payments. Payments for ...
    2007-09-13 09:01:00

  • How Northern Rock became major UK lender

    Daily Telegraph - Northern Rock is Britain's fifth largest mortgage lender, providing one in five UK mortgages this year, and has gained a ... taking 18.9 per cent of all net mortgage lending in the UK, beating its previous peak of 14.5 per cent in the second half ...
    2007-09-13 04:58:00

  • Market report: Surveyors' gloomy outlook on housing

    Daily Telegraph - Image Scan, the X-ray imaging firm, tumbled 6½, or 43pc, to 8½p after warning of a poor second half just three months ... made it more expensive for banks to borrow money and they are now starting to pass this extra cost onto homeowners' mortgages. ...
    2007-09-13 06:03:00

  • Northern Rock customers should not panic

    Daily Telegraph - First, part of the Bank of England charter is to protect customer accounts and, second, the bank is not about to collapse. ... The technical issue is quite complicated and comes back to those US sub-prime mortgages. Because banks still don't know where ...
    2007-09-13 05:41:00

  • Greenspan acknowledges he didn't initially grasp risks of 'subprime ...

    San Diego Union-Tribune - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to recognize early on that an explosion of mortgages to ... of the economy had earned him monikers, including the maestro, the greatest central banker who ever lived and the second ...
    2007-09-13 01:31:00

  • John Paine: September 2007 Finance Newsletter

    Scoop - This includes property developments, second mortgages, small businesses, restaurants, bars, used cars, whiteware, TVs, stereos and so on. And the worst result of lack of confidence is it can lead to bank runs which really do cripple the economy. http ...
    2007-09-13 05:34:00

  • Consumers Could Face Higher Toy Prices

    Chicago Tribune - This week, Toys "R" Us Inc., the nation's second-largest toy seller behind Wal-Mart, said it would be using an independent laboratory to test every branded product, according to Kathleen Waugh, a company spokeswoman. The retailer will be absorbing ...
    2007-09-13 03:11:00

  • Alcatel Shares Tumble on Revenue Outlook

    Chicago Tribune - Alcatel-Lucent said it now sees its revenue for the third quarter of 2007 growing slightly compared to the second quarter of this year at a constant exchange rate. For the fourth quarter, Alcatel-Lucent still expects its revenue "to ramp-up ...
    2007-09-13 04:44:00

  • Dollar Hits New Lows for Second Day (ABC News)

    Dollar Hits New Lows for Second Day As Euro Brings $1.3920
    2007-09-13 09:15:58

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