Mortgage and Financial News From 2007-8-19 Page 21
Previous Day: 2007-08-18
Return to the mortgage news archive home.
Page: 1 - 20 21 22 23 24 25 26 27 28
-
High-risk home loans pulled
Scotland on Sunday Online - BUYING a home looks set to get tougher for hard-pressed borrowers following upheavals in world stock and bond markets. UK lenders have taken fright at the US mortgage meltdown. Some have pulled out completely, while others have raised their rates ...
2007-08-18 11:10:00 -
House prices reflect good economy: Costello
Age - Stress grips mortgage belt as rates rise Interest fine as long as the price is right VIDEO First home blues VIDEO Melbourne's housing market madness. TREASURER Peter Costello has played down the issue of "mortgage stress", saying house prices in ...
2007-08-19 03:49:00 -
Mortgage rules toughen up
Asheville Citizen-Times - The home loan measures signed into law last week: • Ban penalties for paying off high interest-rate mortgage loans early. • Require lenders to ensure borrowers can repay the loans, even after they adjust to higher rates. They must take into account ...
2007-08-19 04:25:00 -
Europe's housing market sheltered from US mortgage crisis
Raw Story - US home loan woes sent stock exchanges worldwide reeling this month as US borrowers with risky credit histories -- the so-called subprime sector -- faced with falling house prices and rising interest rates defaulted on their mortgage repayments. ...
2007-08-19 04:47:00 -
NAR: 2Q Metro Home Prices Improving
Stockhouse Canada - Jakabovics. '.... [T]he odds are good that the gains that have been made in some markets will be whittled away in the release of July's new-construction and existing-home sales data later this month.' Rates Rise The average 30-year fixed mortgage ...
2007-08-18 11:25:00 -
IF YOU'RE LOOKING TO BUY A HOME, WAIT!
New York Post - ... right now is going through major upheaval because of the so-called subprime mortgage ... You may need to set your sights on a modest area and a modest sized home ... about a guy who canceled his credit card because the company raised the rates ...
2007-08-19 04:47:00 -
Stress grips mortgage belt as rates rise
Age - Interest fine as long as the price is right House prices reflect good economy: Costello VIDEO First home blues VIDEO Melbourne's housing market madness. THE number of households suffering "mortgage stress" may double within six to 12 months ...
2007-08-19 03:49:00 -
Europe's housing market sheltered from US mortgage crisis (AFP via Yahoo! News)
After the boom years of soaring house prices, the European housing markets appear to have stabilised and are generally sheltered from the fallout of the US subprime mortgage crisis, analysts said.
2007-08-19 04:36:23 -
Qld homeowners feeling mortgage squeeze: HIA (Australian Broadcasting Corporation)
The Housing Industry Association (HIA) says almost 115,000 households in Queensland are suffering from mortgage stress, with 30 per cent or more of gross income going on home loan repayments.
2007-08-18 10:27:48 -
Canada Mortgage Agency Says Home Starts to Drop Through 2008 (Bloomberg.com)
Aug. 15 (Bloomberg) -- Canada's federal housing agency said home starts will decline this year and next because of higher housing costs and mortgage rates, while sales of existing homes and spending on renovation will keep rising.
2007-08-15 04:06:34 -
Mortgage fallout's ripple effect raises the stakes for borrowers (Los Angeles Times)
WASHINGTON -- The mortgage credit crunch is not only affecting interest rates that home buyers are quoted, but also is triggering changes in less visible areas such as minimum credit scores, geographic location and types of properties, even controls on who orders credit reports.
2007-08-18 07:01:49 -
Mortgage borrowers, brokers facing higher hurdles to home loans (CP via Yahoo! Canada News)
SAN FRANCISCO (AP) - Mortgage broker Ed Smith Jr. has been arranging home loans for 24 years and it's never been tougher for him to close a deal than during the past few weeks of turmoil.
2007-08-17 11:10:00 -
High-risk home loans pulled (Scotland on Sunday)
BUYING a home looks set to get tougher for hard-pressed borrowers following upheavals in world stock and bond markets. UK lenders have taken fright at the US mortgage meltdown. Some have pulled out completely, while others have raised their rates.
2007-08-18 11:34:45 -
Related News Stories
Worldnews.com - Credit shake-out routs Australian financials � Business Day SYDNEY - Shares in Australian mortgage firm RAMS Home Loans Group plunged 60% yesterday after it failed to refinance $5bn in debt due to a credit squeeze in the US, helping send the overall ...
2007-08-17 09:31:00 -
Home lender files for bankruptcy
Raleigh News & Observer - The market today has just basically shut down." As the market for mortgage debt suddenly shrinks, people trying to borrow for home purchases or refinance their existing homes are facing tougher terms and stricter standards -- and are much more likely ...
2007-08-17 05:18:00