Mortgage and Financial News From 2007-12-6 Page 19

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  • MBA: 3Q Mortgage Delinquencies At Highest Point Since 1986 (Nasdaq)

    WASHINGTON -(Dow Jones)- The number of mortgage loans at least 30 days past due reached its highest point since 1986 during the third quarter as foreclosure starts increased across all loan types, according to a Mortgage Bankers Association survey released Thursday.
    2007-12-06 07:30:08

  • Mortgage Delinquency Rates Rise To Highest Level Since 1986 (Nasdaq)

    (RTTNews) - The rate of delinquency on mortgage loans rose to its highest level in more than 20 years in the third quarter of 2007, according to a report released by the Mortgage Bankers Association of America on Thursday.
    2007-12-06 08:29:40

  • UPDATE: MBA: 3Q Mortgage Delinquencies Highest Since 1986 (Nasdaq)

    WASHINGTON -(Dow Jones)- The number of mortgage loans in the U.S. that are at least 30 days past due reached its highest point since 1986 during the third quarter as foreclosure starts increased across all loan types, according to a Mortgage Bankers Association survey released Thursday.
    2007-12-06 08:45:16

  • Dozens indicted in Houston mortgage fraud case (Houston Chronicle)

    Indictments accusing 37 people of fraudulently obtaining mortgage loans worth $5.6 million were unsealed today, revealing the results of a years-long investigation by the Harris County District Attorney's Office and the U.S. Secret Service.
    2007-12-06 12:44:10

  • MBA: Florida delinquent residential loans up (BizJournals)

    The delinquency rate for mortgage loans on residential properties -- both prime and subprime -- in Florida increased in third quarter, a Mortgage Bankers Association survey showed.
    2007-12-06 10:43:53

  • Bush Unveils Mortgage Crisis Plan (NPR)

    President Bush presents a plan Thursday to help homeowners who face soaring mortgage prices. It would allow some homeowners with subprime loans to freeze their interest rates for five years. Experts weigh in on the plan.
    2007-12-06 12:19:01

  • Bush and mortgage industry work out plan to help subprime loan-holders (International Herald Tribune)

    The Bush administration and the mortgage industry have agreed on a plan to freeze interest rates for as much as five years for a portion of the two million U.S. homeowners with subprime loans.
    2007-12-06 12:18:43

  • AP Business NewsBrief at 6:44 a.m. EST

    CNBC - The proposal, reached in negotiations led by Treasury Secretary Henry Paulson with the mortgage industry, would freeze introductory "teaser" rates on ... SINGAPORE (AP) _ Oil prices dropped below $87 a barrel Thursday to their lowest levels in six ...
    2007-12-06 03:41:00

  • Miss California USA Pageant Officials Crown New Beauty Queen

    FOX News - The mix-up occurred when the points were reversed, with the lowest point given to the winner and ... Christianity Older Than Ancient Greece Girl, 7, Shot 6 Times While Protecting Mother Bush Mortgage Plan Will Freeze Certain Subprime Interest Rates for ...
    2007-12-06 01:00:00

  • Oil jumps 3 percent on supply worries

    International Herald Tribune - ... at slowing the wave of homeowner foreclosures stemming from the subprime mortgage ... weakened against the euro after the European Central Bank left interest rates on ... showed an 8 million barrel drop in U.S. crude stockpiles last week to their lowest ...
    2007-12-06 01:07:00

  • Home equity falls in 3rd quarter, homeowners own just 50 percent of ...

    San Jose Mercury News - Dec 6: Rates on 30-year mortgages fall to the lowest point in more than 2 years Bush administration agrees with mortgage industry to freeze rates Home foreclosures hit record high in third quarter NEW YORK - The amount of equity homeowners hold in ...
    2007-12-06 10:37:00

  • BoE cuts rates in 2 years; hopes inflation will slow

    Stockhouse Canada - BoE cuts rates in 2 years; hopes inflation will slow 12/6/2007 1:57:00 PM ET ... With consumer confidence at its lowest since 2004, banks including Morgan Stanley ... to shield the economy from the fallout of the collapse of the US subprime mortgage ...
    2007-12-06 11:05:00

  • Oil jumps after U.S. mortgage plan; natural gas up

    Marketwatch - ... losses Thursday, adding nearly $3 to close above $90 a barrel on speculation a U.S. plan to freeze some subprime mortgage rates ... below $88 a barrel, even after a government report showed U.S. crude inventories slumped 8 million barrels to the lowest ...
    2007-12-06 12:38:00

  • Small U.S. Stocks Rise to a Three-Week High; Fleetwood Surges

    Bloomberg - ... maker Fleetwood Enterprises Inc. posted a narrower-than-forecast loss and mortgage ... brokerages in the Russell 2000 extend its week-and-a-half rebound from the lowest level since May 2005 to 6.7 percent. The agreement, which would freeze interest rates ...
    2007-12-06 09:25:00

  • Most Mortgages Show Lower Rates

    Post Chronicle - ... S. mortgage rates were close to two-year lows, the Freddie Mac agency said in its weekly market survey Thursday. The 30-year fixed-rate mortgage averaged 5.96 percent with an average 0.4 point this week, down from last week's 6.1, It was the lowest ...
    2007-12-06 11:20:00

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