Mortgage and Financial News From 2007-12-6 Page 9

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  • New mortgage plan has troubling loopholes (The Arizona Republic)

    The plan negotiated by the Bush administration to freeze the low introductory rates on subprime home loans appears likely to help only a fraction of the homeowners who face huge jumps in their mortgage payments.{bnl} Will the new interest-rate freeze help you?
    2007-12-06 04:46:52

  • IndyMac CEO says lender hopes to post 'mild' profit by mid-2008 (San Francisco Chronicle)

    IndyMac Bancorp Inc. Chairman and CEO Mike Perry said Thursday he expects the mortgage lender to report a loss in the fourth quarter and is hoping the company will post a modest profit again by the second half of next year. In remarks included in an...
    2007-12-06 06:32:47

  • Mortgage foreclosures set a record in Q3 (USA Today)

    Home foreclosures and the rate of homes entering foreclosure rose to record highs in the third quarter, the Mortgage Bankers Association said Thursday.
    2007-12-06 11:48:01

  • NY mortgage lender Delta Financial to file bankruptcy (EARTHtimes.org)

    NEW YORK (Reuters) - Delta Financial Corp , a New York mortgage lender, on Thursday said it plans to file soon for bankruptcy protection, as losses have mounted and an agreement to obtain outside financing has fallen apart.
    2007-12-06 07:25:39

  • Sector Snap: Mortgage Lender Stocks Rise (AP via Yahoo! Finance)

    Shares of most mortgage lenders rose Thursday even after one lender said it must raise additional capital and another said it's seeking bankruptcy protection as investors anticipated a White House plan to bail out some subprime mortgage holders.
    2007-12-06 10:03:10

  • NY mortgage lender Delta Financial to file bankruptcy (Reuters via Yahoo! News)

    Delta Financial Corp , a Long Island-based mortgage lender, said on Thursday it plans to file soon for bankruptcy protection, after losses mounted and an agreement to obtain new financing fell apart.
    2007-12-06 07:58:50

  • December 2007 Archives

    New York Daily News - ... and implementing a host of reforms intended to safeguard against conflicts of interest ... Freezing the fluctuating rates on subprime loans for at least five years until they ... illegal immigrants get driver’s licenses, but the issue lives on in the 1st CD ...
    2007-12-06 08:42:00

  • UAE could cut rates further

    Gulf News - The UAE Central Bank will continue to cut interest rates further, in line with the US Federal Reserve's moves, following the latest ... We have effectively cut the UAE dirham CD repurchase rate, or repo, which is now the benchmark for the prevailing rate ...
    2007-12-06 09:32:00

  • ECB raises 2007, 2008 euro zone inflation, cuts growth forecast for ...

    FXStreet.com - The ECB said the forecasts therefore assume that three-month euribor interest rates will average 4.5 pct in 2008 and 4.3 pct in 2009, and that 10-year government bond yields will remain flat at the level of 4.3 pct. Oil prices are assumed to average ...
    2007-12-06 07:52:00

  • Jobless claims

    Marketwatch - Thursday afternoon, Bush and Treasury Secretary Paulson detailed the administration's plan, made with input from mortgage lenders and banks, to freeze interest rates for as long as five years to help some subprime borrowers.
    2007-12-06 11:41:00

  • U.S. stocks close with second day of gains on subprime plan

    Marketwatch - Thursday afternoon, Bush and Treasury Secretary Paulson detailed the administration's plan, made with input from mortgage lenders and banks, to freeze interest rates for as long as five years to help some subprime borrowers.
    2007-12-06 01:28:00

  • Social networking meets money borrowing (KGO-TV Bay Area)

    There's a new type of lending institution available to borrowers.
    2007-12-06 07:07:34

  • Paulson defends mortgage rescue plan as acceleration of market process ...

    Forbes - ... Paulson today rejected the idea that President George Bush's plan to ease mortgage ... service industry can, in some cases, freeze lower introductory interest rates on ... 660 can still qualify for a rate freeze based on a separate analysis of current ...
    2007-12-06 01:14:00

  • President presents mortgage relief plan

    MSN MoneyCentral - ... its plan to temporarily freeze certain subprime loan interest rates. Last ... By refinancing an existing loan into a new private mortgage; by moving them into a Federal Housing Administration Secure loan; or by freezing their current interest rate for ...
    2007-12-06 01:14:00

  • Bush unveils mortgage relief plan

    News.com.au - A WIDE-RANGING mortgage relief package was unveiled Thursday by US President George W Bush, who said measures agreed ... participants would help struggling homeowners re-finance subprime adjustable-rate loans or freeze the current interest rates for ...
    2007-12-06 02:18:00

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