Mortgage and Financial News From 2008-1-3 Page 19

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  • Global property sector feels heat (Financial Times)

    The effects of the crisis in the debt markets on commercial property are being felt globally, with companies as far spread as Australia, Spain and the UK reporting difficulties this week.
    2008-01-03 05:21:10

  • Countrywide to cut 127 Rolling Meadows workers - Trading Markets (press release)

    Countrywide to cut 127 Rolling Meadows workersTrading Markets (press release), CA - 6 hours agoBecause of its presence in the mortgage market, Countrywide has been closely watched since the subprime mortgage crisis erupted last year. ...
    2008-01-03 10:49:14

  • Delinquency rate on consumer loans is climbing - Providence Journal

    Delinquency rate on consumer loans is climbingProvidence Journal, RI - 28 minutes agoPeople behind on mortgage payments in the third quarter reached the highest level in 21 years and foreclosures hit a record, the Mortgage Bankers ...
    2008-01-03 04:31:23

  • Delinquency rate on consumer loans is climbing (The Providence Journal)

    The American Bankers Association survey shows the highest late-payment rate since the second quarter of 2001.
    2008-01-03 04:38:52

  • U.S. mortgage rates lowest in 4 weeks

    Earthtimes - MCLEAN, Va., Jan. 3 U.S. mortgage rates have fallen to their lowest levels in four weeks, the Freddie Mac primary market survey reported Thursday. The 30-year fixed-rate mortgage averaged 6.07 percent with an average 0.5 point this week, down from ...
    2008-01-03 07:47:00

  • Freddie Mac: Mortgage rates dip to four-week low

    Marketwatch - NEW YORK (MarketWatch) -- U.S. fixed-rate mortgages fell in the latest week, according to Freddie Mac's survey released Thursday. The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 6.07% in the week ending Thursday ...
    2008-01-03 08:02:00

  • Assembly Proposes Help for Subprime Borrowers

    WXXA - Thousands of New York homeowners are facing foreclosure as their subprime mortgage interest rates rise. (Marc Jackson) State Assembly leaders are hoping to provide some relief to New York homeowners who are facing foreclosure because of rising ...
    2008-01-03 03:04:00

  • S&N joins sector’s fall as takeover hopes dip

    Times Online - It was Next’s warning that hurt most since it said it expected higher mortgage rates to hit consumer spending in 2008. Home Retail Group , owner of Argos and Homebase, fell 19p to 301¼p and Kingfisher , owner of B&Q, fell 7.2p to 139½p. Sports ...
    2008-01-03 03:11:00

  • NAB lifts mortgage rates

    Canberra Times - National Australia Bank has increased interest rates as Australian households get swept up in the global credit crisis. NAB increased its variable home loan rate by 12 basis points to 8.69per cent amid rising wholesale funding costs. It said the ...
    2008-01-03 11:01:00

  • National Australia Bank May Raise Home Loan Rates, Review Says

    Bloomberg - Australia & New Zealand Banking Group Ltd. may also raise its variable mortgage interest rates before the end of the month, the Review said. Funding costs have soared fivefold since July, prompting the banks to raise rates to maintain profit margins ...
    2008-01-03 12:55:00

  • Subprime mortgage problems will hit home soon

    Pantagraph - NORMAL — Trickle down effects of the nation’s subprime mortgage woes will be felt in Central Illinois in 2008. For example, it might be a smart idea to move any extra Christmas cash or money stashed in savings into certificates of deposit. Rates ...
    2008-01-03 02:57:00

  • UPDATE 1-US mortgage applications lowest since July 2006 - MBA

    Reuters - Applications were stunted during the Christmas holiday week despite falling mortgage rates. "There's probably an exaggerated holiday effect in the most recent week's release" even with the seasonal and holiday adjustments, Doug Duncan, chief ...
    2008-01-03 07:19:00

  • Borrowers face more rate pain

    News.com.au - While this rise in variable mortgage rates is a direct result of the US sub-prime crisis, I would urge Australian banks and other financial institutions to be very mindful of the significant financial pressures on families when making decisions on ...
    2008-01-03 03:18:00

  • NAB leads charge for rate rise

    News.com.au - While this rise in variable mortgage rates is a direct result of the US sub-prime crisis, I would urge Australian banks and other financial institutions to be very mindful of the significant financial pressures on families when making decisions on ...
    2008-01-03 02:57:00

  • Freddie Mac Says Mortgage Rates Fall To Lowest Level In Four Weeks ...

    RTT News - 1/3/2008 5:18:30 PM Freddie Mac (FRE) released the results of its Primary Mortgage Market Survey or PMMS in which the 30-year fixed-rate mortgage or FRM averaged 6.07% with an average 0.5 point for the week ending January 3, 2008, down from last week ...
    2008-01-03 02:07:00

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