Mortgage and Financial News From 2007-9-13 Page 10

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• Halifax hikes mortgage rates (Edinburgh Evening News)

  THE UK's biggest mortgage lender announced today that it was raising its mortgage rates, with analysts warning others would follow suit.
  2007-09-13 06:08:58

• Halifax hikes mortgage rates amid credit crunch (Reuters via Yahoo! UK & Ireland News)

  Halifax said on Thursday it was increasing some of its mortgage rates in the wake of a global credit crunch.
  2007-09-13 06:57:00

• Halifax raises its mortgage rates as banks bite back (Evening Standard)

  Britain's biggest mortgage lender yesterday joined the rush to raise rates on many of its home loans.
  2007-09-13 02:04:19

• Mortgage rates tumble -- along with jobs (Bankrate.com via Yahoo! Finance)

  Mortgage rates tumbled to their lowest level in four months as a shockingly downbeat employment report convinced investors that a Fed rate cut is at hand.
  2007-09-13 03:00:00

• For buyers, housing slowdown may bring higher quality

  Dallas Morning News - Customers were also asked to evaluate homebuilders' mortgage companies. Centex's CTX Mortgage got the top rating in that category. In terms of overall quality, the D-FW area was about 10th among the 34 U.S. housing markets J.D ...
  2007-09-13 07:18:00

• Washington Mutual to cut 1,000 jobs

  Reuters - Companies have announced well over 50,000 mortgage-related job cuts this year, led by the 10,000 to 12,000 announced last Friday by Countrywide Financial Corp (CFC.N: Quote , Profile , Research ), the largest mortgage lender. Memphis-based First ...
  2007-09-13 10:24:00

• Countrywide gets $12 billion new financing

  Washington Post - Companies have announced well over 50,000 mortgage-related job cuts this year. On Wednesday, Memphis, Tennessee-based First Horizon National Corp (FHN.N) announced 1,500 layoffs, mainly in mortgages, while Seattle-based Washington Mutual Inc (WM.N ...
  2007-09-13 11:43:00

• Target shares rise on credit card debt news

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... only sell the credit card debt if someone was willing to pay a premium for it. That could be the tricky part. Rising mortgage ...
  2007-09-13 11:15:00

• WaMu to cut 1,000 jobs

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... Thrift bank Washington Mutual Inc. said Thursday it will cut 1,000 jobs, eliminating its sales force dedicated to mortgage ...
  2007-09-13 11:57:00

• Solutions From Callidus Software Empower Leading Mortage Companies to ...

  Market Wire - SAN JOSE, CA--(Marketwire - September 13, 2007) - Callidus Software Inc. ( NASDAQ : CALD ), a leader in Sales Performance Management (SPM), today announced that its software solutions are empowering the nation's leading mortgage companies with a way ...
  2007-09-13 03:58:00

• Countrywide Loan Fundings Fall; Lender Lines Up $12 Billion Credit

  Wall Street Journal - ... after the Calabasas, Calif., lender said it has taken "decisive steps" to adjust to the "turbulent conditions" in the markets, where rising home-loan defaults have unsettled investors worldwide and severely limited financing for mortgage companies ...
  2007-09-13 12:33:00

• Alcatel, Ford, GM, Syntax-Brillian, Taser: U.S. Equity Preview

  Bloomberg - The largest U.S. savings and loan will close one division that bought mortgages from other home lenders and another that financed mortgage companies, resulting in 1,000 firings. The stock gained 31 cents to $35.23 in regular trading yesterday ...
  2007-09-13 06:14:00

• 30-year mortgage rate at 6.21%, lowest since May

  USA Today - Top Bush administration officials met with major mortgage servicing companies on Wednesday to urge them to extend as much assistance as possible to homeowners trying to avoid default by refinancing into mortgages they can afford. Many economists ...
  2007-09-13 11:36:00

• Countrywide Shares Gain on $12 Billion Borrowing Deal (Update2)

  Bloomberg - More than 100 mortgage companies have put themselves up for sale or gone out of business since the start of last year as rising subprime defaults hurt investor demand for home loans and made lenders reluctant to finance new mortgages. Job ...
  2007-09-13 10:10:00

• False Ads Going After Your Wallet (Washington Post)

  The Federal Trade Commission is cracking down on hundreds of mortgage companies for sponsoring "potentially deceptive" advertisements that lure homebuyers into signing up for lower rates without disclosing the full terms of the loans, according a recent Associated Press report.
  2007-09-13 11:53:47

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