Mortgage and Financial News From 2007-9-13 Page 2

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  • Report finds higher rejection rates for home mortgages in 2006 (KATU Portland)

    Applicants for home mortgages were turned down for loans at a slightly higher rate in 2006 than the previous year and significant disparities continued to exist between white applicants and minority applicants, the government reported Wednesday.
    2007-09-13 08:46:53

  • Greenspan acknowledges he didn't initially grasp risks of 'subprime' mortgages (The Capital Times)

    WASHINGTON (AP) - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy. In an upcoming interview, Greenspan said he was aware of "subprime" lending practices where homebuyers got very low initial rates only to see them later jacked up, causing severe ...
    2007-09-13 11:09:36

  • Mortgages to people with questionable credit histories could be dangerous to US economy (Pravda)

    Alan Greenspan failed to predict that an explosion of mortgages to people with questionable credit histories could pose a danger to the U.S. economy.
    2007-09-13 12:11:12

  • More minorities denied mortgages (Boston Globe)

    Blacks and Latinos in the Boston area were denied mortgages at the highest rates since the early 1990s, when minority loan rejections sparked charges of racism in the city's lending industry.
    2007-09-13 02:13:49

  • Greenspan acknowledges he didn't initially grasp risks of 'subprime' mortgages (San Jose Mercury News)

    WASHINGTON - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy.
    2007-09-13 10:41:38

  • Greenspan acknowledges he didn’t initially grasp risks of ’subprime’ mortgages (Naples Daily News)

    Even the maestro didn’t see it coming. Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to recognize early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy.
    2007-09-13 05:22:28

  • Investors Brace for Several Big Events Next Week

    CNBC - The Fed's meeting on interest rates on Tuesday presents another unknown, with ... light on just how badly the market mayhem this summer spawned by subprime mortgage ... recent turmoil in the funding markets is likely to increase volatility not only ...
    2007-09-13 12:33:00

  • Cairns Lockie Mortgage Commentary

    Scoop - It was interesting to hear the Chief Economist for the Bank of New Zealand, Tony Alexander, saying that only a world ... Our current mortgage interest rates are as follows: Variable rate 10.20% No Financials Home Loan ...
    2007-09-13 04:08:00

  • Northern Rock in cash SOS to Bank

    Daily Telegraph - Northern Rock is believed to be paying the Bank of England a penal rate of interest ... Last night a spokesman for Northern Rock would only say: "The next scheduled ... Unlike many other mortgage lenders Northern Rock relies on borrowing from other ...
    2007-09-13 06:45:00

  • Greenspan says didn't see subprime storm brewing

    Reuters - ... Chairman Alan Greenspan said he was late to see the storm gathering around mortgage ... Greenspan was asked if he would lower interest rates as dramatically and quickly now ... Only in recent weeks, as credit stress mounted in financial markets and it ...
    2007-09-13 02:56:00

  • AP Business NewsBrief at 7:51 p.m. EDT

    CNBC - ... advanced solidly Thursday, led by strong gains among the blue chips and mortgage ... of "subprime" lending practices where homebuyers got very low initial rates only ... against the euro Thursday on speculation that the Federal Reserve will cut interest ...
    2007-09-13 04:51:00

  • Tokyo shares end morning higher on Wall St gains, softer yen - UPDATE

    Forbes - Sentiment was somewhat cautious as investors awaited the Federal Reserve's interest rate decision next week ... The Fed is largely expected to lower rates next week, but the central bank is not only looking at the subprime mortgage issue but also at ...
    2007-09-13 08:11:00

  • Northern Rock seeks emergency funding

    Daily Telegraph - Only two days ago, the Governor of the Bank of England, Mervyn King, said in a letter to the ... the extra cash into the system in a bid to ease soaring overnight inter-bank borrowing interest rates. The credit crisis has already led to mortgage rates ...
    2007-09-13 06:53:00

  • Hong Kong shares sharply higher led by properties; China Shenhua ...

    Forbes - ... higher midmorning as a positive lead from Wall Street and follow-through interest in ... cautious over HSBC due to concerns over its exposure to the US sub-prime mortgage ... News and its third party content providers for your personal information only ...
    2007-09-13 08:40:00

  • U.K. Housing Market Is Beginning to Cool

    Wall Street Journal - LONDON -- The United Kingdom housing market is showing signs of slowing as mortgage interest rates increase, raising the risk of a ... THE FULL WSJ.com ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS. • ...
    2007-09-13 08:19:00

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