Mortgage and Financial News From 2007-9-26 Page 13

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  • U.K. Second Quarter Economic Growth Unexpectedly Revised Higher

    Bloomberg - Second Quarter Economic Growth Unexpectedly Revised Higher By Svenja O'Donnell and Jennifer Ryan Sept. 26 (Bloomberg) -- The ... U.K. banks also approved more mortgages for house purchase in July than economists forecast, with 115,000 loans granted, Bank ...
    2007-09-26 02:17:00

  • TheStreet.com Ratings Announces Bank Earnings Down 2.4% As Asset ...

    Forbes - Net income of the nation's banks and thrifts decreased 2.4% to $37.0 billion for the second quarter of 2007, down from $37 ... This increase in nonperforming assets was primarily comprised of residential mortgages and construction loans. "Lower ...
    2007-09-26 08:14:00

  • Major Dutch banks' profitability could be pressured in H2 - Fitch

    Forbes - ... banks -- ABN AMRO Bank, ING Bank and Rabobank Group -- will remain adequate but could come under pressure in the second half ... Nevertheless, it added the banks benefit from the strength of the Dutch economy through strong demand for retail mortgages and ...
    2007-09-26 09:55:00

  • House Panel OKs Debt Forgiveness Bill

    Forbes - ... by homeowners to renegotiate their mortgages to avoid foreclosure. The House Ways and Means Committee approved the bill by voice vote, though some Republicans objected to a provision in the bill that would tighten the tax code's treatment of second ...
    2007-09-26 11:42:00

  • Late Payments on Credit Card Bills Drop

    FOX News - WASHINGTON — Late payments on credit card bills dipped in the second quarter, while delinquencies on home equity lines ... Problems with "subprime" mortgages — made to people with spotty credit or low incomes — have rocked Wall Street in recent ...
    2007-09-26 08:29:00

  • Third Quarter U.S. Mortgage Payment Index Finds Fixed-Rate Mortgages ...

    Earthtimes - There is particularly good news for first-time and low down payment homebuyers in the second half of 2007," said Wachter. "Long-term, fixed-rate mortgages are still widely available and affordable, even in today's market. My advice to these ...
    2007-09-26 05:30:00

  • Rating agencies scrutinized as markets sway

    CNBC - ... regulator said it was investigating if their judgment had been colored by money from customers selling subprime mortgages. ... S. economy is strong and we're optimistic the penalty will be modest and we'll resume a period of growth in the second ...
    2007-09-26 12:46:00

  • Affordable housing as a second home

    Telluride Daily Planet - ... need affordable housing,” Saunders said. “We’re opening this whole thing up for abuse.” Local attorney Jenny Russell said that, hypothetically, people who own $1 million homes could take the equity out of their houses through second mortgages ...
    2007-09-24 05:57:00

  • Northern Rock shares up on word of takeover talks

    CNBC - Liquidity in those markets dried up in early August amid fears of widening losses in the U.S. subprime mortgage market. The impact of rising defaults in the United States on subprime mortgages, or home loans provided to borrowers with weak credit ...
    2007-09-26 03:35:00

  • Affordable housing as a second home (Telluride Daily Planet)

    Once, if you owned a free-market home in Telluride, Mountain Village or Ophir, you were out of luck if you wanted to buy a cheaper, government-subsidized home. To qualify for Telluride’s affordable housing, you had to first sell the market-rate property.
    2007-09-26 02:23:00

  • Third Quarter U.S. Mortgage Payment Index Finds Fixed-Rate Mortgages Remain Strong, Payments Affordable (PR Newswire via Yahoo! Finance)

    Traditional home loans, such as the 30-year fixed-rate mortgage, have survived the so-called "mortgage meltdown" and homebuyers are seeking them out in large numbers, according to Dr.
    2007-09-26 05:30:00

  • Late payments down for credit cards (AP via Yahoo! News)

    Late payments on credit card bills dipped in the second quarter, while delinquencies on home equity lines of credit climbed to a 5 1/2-year high, painting a mixed picture of how people are managing their debt.
    2007-09-26 07:22:53

  • Luminent Mortgage Capital, Inc. Files 2007 Second Quarter Form 10-Q (PR Newswire via Yahoo! Finance)

    Luminent Mortgage Capital, Inc. filed its 2007 second quarter 10-Q Wednesday, September 26, 2007.
    2007-09-26 05:00:00

  • Rating agencies scrutinized as markets sway (Reuters via Yahoo! News)

    Credit rating agencies drew more fire on Wednesday as a powerful U.S. regulator said it was investigating if their judgment had been colored by money from customers selling subprime mortgages.
    2007-09-26 12:50:09

  • U.K. Second Quarter Economic Growth Unexpectedly Revised Higher (Bloomberg.com)

    Sept. 26 (Bloomberg) -- The U.K. economy grew faster than previously estimated in the second quarter from a year earlier, powered by expansion in services and a pickup in manufacturing.
    2007-09-26 01:58:13

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