Mortgage and Financial News From 2007-10-1 Page 24
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CREDIT WRAPUP 1-UBS takes $3.4 billion credit hit
Reuters - ... S. housing sector, warning investors on Monday it will write down $3.4 billion, mainly on securities related to the U.S. subprime mortgage market. The warning would underline concerns about tight credit markets after short-term lending rates ...
2007-10-01 01:42:00 -
China's central bank raises mortgage interest rates
Turkish Daily News - China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices. The widely expected moves were announced in ...
2007-10-01 12:59:00 -
Mortgage lending slows, says Bank
BBC Business - The Bank's analysis makes it clear that mortgage lending has been slowing down since the start of the year, as higher interest rates have taken effect. Downturn The number of new mortgages approved for house buying - a good indicator of future trends ...
2007-10-01 02:32:00 -
Mortgage approvals point to slowing housing market
Guardian Unlimited - The number of new mortgage approvals in Britain fell to their lowest level since April in August as higher interest rates took their toll of buyer confidence, according to figures released today. Data from the Bank of England showed that even before ...
2007-10-01 01:56:00 -
August mortgage approvals weakest since April
Reuters UK - However, most economists think rates will start to come down in coming months as the economy slows. Mortgage lending also came in slightly weaker than expected in August, rising by 8.457 billion pounds against expectations of a 9.0 billion pound ...
2007-10-01 01:28:00 -
In an about-face, central banks may start cutting rates
International Herald Tribune - Rates may fall sooner in Britain, where King extended emergency financing to the mortgage lender Northern Rock to remedy a "severe liquidity squeeze" just weeks after saying he saw no "international financial crisis." Michael Saunders, chief West ...
2007-10-01 12:09:00 -
UBS suffers US sub-prime loan hit
BBC Business - These concerns were exacerbated by the fact that many banks and hedge funds have been investing in bundles of debt, containing risky sub-prime mortgages which have seen record defaults in the face of higher US mortgage rates. BBC business editor ...
2007-10-01 01:21:00 -
U.K. August Mortgage Approvals Fall to Four-Month Low (Update1)
Bloomberg - Banks such as Abbey, the second-largest U.K. mortgage lender, are passing the higher rates onto their customers. The average rate on a mortgage fixed for two years, the most popular type, rose to a seven-year high of 6.58 percent in August for ...
2007-10-01 02:11:00 -
Interest rates beginning to bite (NZCity)
1 October 2007 The latest polling indicates that increased mortgage interest rates are beginning to have an effect. Research New Zealand has found that rising mortgage interest rates are a concern for 68% of of respondents with mortgages.
2007-09-30 03:59:18 -
Interest rates beginning to bite (Newstalk via Yahoo!Xtra News)
The latest polling indicates that increased mortgage interest rates are beginning to have an effect.
2007-09-30 03:31:40 -
DATA SNAP: UK Aug Mortgage Lending +GBP8.5 Bln Vs +GBP8.9B (The Forex Market)
LONDON (Dow Jones)--U.K. consumers' appetite for secured debt slipped amid still high interest rates in August as mortgage lending fell to an 18- month low.
2007-10-01 02:01:10 -
Mortgage holders worried about interest rates (NZPA via Yahoo!Xtra News)
Two-thirds of people with mortgages are worried about rising interest rates, according to a survey by Research New Zealand.
2007-09-30 03:08:19 -
New Zealand Mortgage Holders Concerned About Interest Rates- Survey (Nasdaq)
(RTTNews) - Nearly two-thirds of New Zealand mortgage holders are worried about rising interest rates, according to a survey by Research New Zealand, the New Zealand Herald reported Monday.
2007-09-30 09:08:49 -
International Briefing
Miami Herald - College Trust, charging the broker-dealers and three top officers were engaged in securities fraud. The suit filed in U.S ... China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes ...
2007-09-29 02:49:00 -
9/11,WTC,Logan Boston Airport,Tania Head,Rudy Giuliani,Adnan Khashoggi ...
Boston IMC - 9/11,WTC,Logan Boston Airport,Tania Head,Rudy Giuliani,Adnan Khashoggi,Bernie Kerik,Steve Forbes and Naked Securities Fraud ... 90 percent of Dallas- based Drive Financial Services LP from that firm's management and HBOS Plc, the U.K.'s biggest mortgage ...
2007-09-30 10:33:00