Mortgage and Financial News From 2007-9-22 Page 3
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Fed rate cuts will help some in WNC (Asheville Citizen-Times)
ASHEVILLE -- Wall Street has been surging since the Federal Reserve slashed a key interest rate by half a percentage point last week.
2007-09-22 05:55:35 -
City predicts interest rate cut (Guardian Unlimited)
The Bank of England could be forced to make a confidence-boosting cut in interest rates as soon as next month, to cushion the economy from the credit crunch.
2007-09-22 04:00:04 -
Crack down on abuses in loan industry
St. Petersburg Times - Other fixes in the measure include banning prepayment penalties, charges that make it very expensive to refinance a subprime loan, and prohibiting the practice by mortgage brokers of rolling hidden fees into the interest rates. Under the Dodd ...
2007-09-21 09:13:00 -
Mortgage Marketing With Our Network
Colleyville Courier - Refinance Mortgage Lead Stop wasting time and money on unqualified uninterested leads, these mortgage leads are not only interested but also qualified and ready to buy. Qualify for 3 free. Refinance mortgage leads. http://www.tagquestmarketing.com/ ...
2007-09-22 03:36:00 -
Adverse Possession May Require a Trip to Court Adverse Possession ...
Blackenterprise.com - I don't know where his kids are from his first marriage. But I want to refinance the mortgage. What should I do? A. Because your husband died without a will, that means he died "intestate," so state law will determine who inherited his assets. The ...
2007-09-22 03:14:00 -
Google Could Trip Over the Mortgage Mess
Barron's Online - The customers generated by Web ads are people who won't be able to afford homes under tighter credit and won't be able to refinance after having tossed their house keys back to the banks. What's Google's exposure? Oppenheimer estimates that financial ...
2007-09-22 04:26:00 -
Rising US stocks face headwinds
Taipei Times - Predictably, longer duration bond yields are moving up sharply, which isn't a good thing for the current mortgage refinance marketplace ... We continue to expect a choppy market through the end of the current quarter and into October as hedge funds ...
2007-09-22 06:28:00 -
Bobcats refinance debt with BofA, Wachovia
Charlotte.com - The Charlotte Bobcats recently refinanced the team's debt, replacing Citigroup with two locally based banks: Bank of America and Wachovia. The two Charlotte banks already have ties to the NBA team, said Fred Whitfield, Bobcats president and chief ...
2007-09-22 11:40:00 -
Banks shun Northern rescue
Times Online - They also say it would require too much capital to take on the £100 billion-plus mortgage book. Some analysts believe its future funding requirements could be as much as £20 billion next year to refinance existing mortgages and raise new funds. The ...
2007-09-22 03:50:00 -
Business Comment: Vulture funds must be backed, no matter how putrid
Daily Telegraph - Though the likelihood of a bank run is low (Sainsbury's Bank is a joint venture with HBOS) the parent company could find itself equally vulnerable to the credit cycle if a downturn in trading ever forced it to refinance. Even the ambiguously worded ...
2007-09-22 04:47:00 -
Credit crunch providing rich pickings for vulture funds
Daily Telegraph - Clearly over the last three or four years companies have been able to raise capital to refinance businesses in a market where capital was very ready. Would some of those same companies have been able to raise money in a market with ...
2007-09-22 04:55:00 -
Ten days that shook the City
Times Online - Northern Rock was under pressure to raise £2.7 billion to refinance existing mortgages it had made and fund new lending. It also feared that if it issued a second profit warning, depositors might take fright and withdraw their money, intensifying ...
2007-09-22 05:38:00 -
Credit doesn't crumble for all (Chicago Tribune)
Despite a marketwide consumer credit crunch, Tribune staff reporter Susan Chandler finds a steady stream of card offers coming her way Some people can't get home loans or refinance their adjustable-rate mortgages. Others are seeing the interest rates on their credit cards double. It's the biggest consumer credit crunch in recent memory, and few experts expect it to go away soon.
2007-09-22 05:12:07 -
Why Now is a Good Time to Refinance Your ARM Loan (Benton Evening News)
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen.
2007-09-22 08:52:41 -
Lender sets rules on refinance (Bankrate.com via Yahoo! Finance)
You can refinance loan any time, provided lender will do business, advises Bankrate car expert Terry Jackson.
2007-09-22 03:00:00