Mortgage and Financial News From 2007-9-13 Page 15

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  • US 30-. 15-year mortgage rates lower in week-Freddie Mac

    Reuters - They charged 0.4 percent on 15-year mortgages, down from 0.5 percent a week ago, and 0.8 percent on the one-year ARM, up from 0.6 percent. Freddie Mac is a mortgage finance company chartered by Congress that buys mortgages from lenders and packages ...
    2007-09-13 08:44:00
  • What Me Worry? Most Shrug Off Subprime Mess

    CNBC - Respondents also were more apt to blame mortgage lenders than homeowners for the subprime problems, 48% to 27% respectively. Twenty-two percent of respondents said lenders and homeowners are equally to blame. As for whether the federal government ...
    2007-09-13 04:26:00
  • Paulson points to sub-prime blame

    BBC Business - Responsibility for the current credit crisis rests firmly with mortgage lenders, US Treasury Secretary Henry Paulson has declared. Stressing the resilience of the rest of the US economy, he said market turmoil would result in a two-speed recovery. He ...
    2007-09-13 06:28:00
  • Mortgage lenders get rough ride

    Guardian Unlimited - Banks were under pressure again today with the mortgage lenders the worst hit. Alliance & Leicester fell 33.5p to 930p while Northern Rock lost 24p to 648p. There were a number of factors at work here. House prices fell last month for the first time ...
    2007-09-13 04:34:00
  • Lone Star extends offer to buy Accredited Home Lenders at $15.10 per ...

    CNBC - More than 50 mortgage lenders have gone bankrupt this year and scores more are scrambling to raise cash. The company in August rejected Lone Star's proposal to cut the price of the deal to $8.50 per share. The dispute will be heard in Delaware Chancery ...
    2007-09-13 06:50:00
  • Treasury tells lenders to give subprime borrowers chance (Deseret Morning News)

    Treasury Secretary Henry Paulson told more than a dozen mortgage lenders that the Bush administration wants them to give subprime borrowers a chance to keep their homes.
    2007-09-12 11:56:20
  • Investors, banks wary of mortgage liability law (El Paso Times)

    WASHINGTON -- Banks that package mortgage securities -- and the institutional investors who buy them -- are fearful that lawmakers could in the future make them legally responsible for fraud committed by lenders.
    2007-09-13 07:55:03
  • 'Lenders to blame' for sub-prime (BBC News)

    US Treasury Secretary Henry Paulson stresses that mortgage lenders should shoulder the blame for the credit crisis.
    2007-09-13 03:30:30
  • Lenders hike mortgage rates, blame credit crunch (Times Online)

    Would-be homeowners face higher borrowing costs after the UK's biggest lenders today hiked mortgage rates, blaming the global credit crunch.
    2007-09-13 02:58:41
  • Surging crude price unlikely to boost Japanese prices, impact rate ...

    Forbes - TOKYO (Thomson Financial) - Record crude oil prices have rekindled fears about stubbornly high inflation in the US ahead of an expected interest rate cut, but the spike is unlikely to impact low inflation in Japan or encourage the Bank of Japan to ...
    2007-09-13 01:35:00
  • Malaysia's interest rates at appropriate levels - Central Bank

    Forbes - The central bank sees no reason to re-assess its interest rate policy, she told reporters at a press conrerence. Zeti said the bank will also monitor high crude oil prices. 'We have to monitor whether it's transitory or whether it's going to remain at ...
    2007-09-13 03:22:00
  • Wall Street Happy With Small Jobless Rise

    Forbes - Thursday's weekly U.S. jobless claims report was all silver lining and no cloud over Wall Street. The number rose, fueling hopes for an interest-rate cut next week, but by less than had been expected, indicating the dire monthly unemployment report ...
    2007-09-13 06:50:00
  • Rate cut talk sends sterling to 14-mth low vs euro

    Reuters UK - LONDON (Reuters) - Sterling dropped to a 14-month low against a firm euro on Thursday as stubbornly high money market rates and a worsening economic outlook fanned speculation that UK interest rates may start falling next year. The euro scaled ...
    2007-09-13 07:33:00
  • Asian shares end mixed on US rate cut hopes; oil stocks outperform ...

    Forbes - Stock markets across Asia closed mixed on Thursday as investors continued to bet on a US interest rate cut next week and focus on the region's strong fundamentals, with a spike in crude oil to record levels propping up stocks in that sector. In Japan ...
    2007-09-13 04:12:00
  • Interest Hike Sees House Prices Fall

    Sky.com - Potential house buyers have become far more cautious as they wait and see what affect interest rate rises will have on household finances. "Affordability is at its most stretched in over a decade, and many will worry that rising mortgage repayments ...
    2007-09-13 06:28:00