Mortgage and Financial News From 2008-1-3 Page 6

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  • Japan's Bonds Gain for Fourth Day as Stock Slump Lures Buyers

    Bloomberg - Japanese notes also advanced on speculation the nation's economy will slow as delinquencies related to U.S. subprime mortgages ... cut rates,'' said Takeo Okuhara, a debt strategist in Tokyo at Daiwa Institute of Research Ltd., a unit of Japan's second ...
    2008-01-03 09:09:00
  • National Australia Bank Raises Mortgage Rates (Update2)

    Bloomberg - National Australia, the country's second-biggest provider of mortgages, raised its interest rate for home loans that don't have a fixed rate by 12 basis points to 8.69 percent, according to the Melbourne-based company's Web site. ...
    2008-01-02 03:55:00
  • NAB moves first with rate rise

    News.com.au - National Australia Bank - the country's second-biggest housing lender - has responded to global credit market turmoil by ... About 80 per cent of Australian mortgages are on a variable rate, while the two banks have lent $224.5 billion to consumers to ...
    2008-01-03 08:12:00
  • Inflated prices, double mortgages lead to problems

    Canton Repository - Evergreen Homes (which sold Hammond her property), Evergreen Investments (which holds Hammond’s second mortgage), and ... After two years, most of these loans were adjustible-rate mortgages, and the mortgage payments would go up.” More than 40 ...
    2008-01-03 08:55:00
  • US bankruptcy filings rise in 2007, but remain below levels of earlier ...

    International Herald Tribune - Under existing law, bankruptcy judges can't modify loan terms on a bankrupt borrower's primary residence, but are permitted to do so for mortgages on second homes. Democrats say legislation allowing judges to do so could help more than 500,000 ...
    2008-01-03 12:19:00
  • State Street executive resigns

    Boston Globe - ... down yesterday as the company set aside $618 million to deal with growing problems with investments tied to subprime mortgages ... in by high returns based on aggressive bets that proved vulnerable as world credit markets began to seize up in the second ...
    2008-01-03 09:02:00
  • Commodities Climb to Record for Second Straight Day (Update1)

    Bloomberg - Jan. 3 (Bloomberg) -- Commodities surged to a record for a second straight day as crude oil and gold climbed to the highest ... partly because of turmoil in credit markets stemming from the collapse of securities backed by U.S. subprime mortgages ...
    2008-01-03 01:31:00
  • A bit of creativity may get your house sold

    Nashua Telegraph - With partial financing, the seller provides a portion of the money, typically in the form of seller carrybacks, seller holdbacks or second mortgages. In an example of a seller carryback, the bank would lend 80 percent of the purchase price, the buyer ...
    2008-01-03 09:02:00
  • PoGo leaps into Charlotte market - Daily Report

    PoGo leaps into Charlotte marketDaily Report, GA - 6 hours ago... mortgage-backed securities from Kennedy Covington that included the head of the firm's structured finance group. Charlotte has become the second-largest ...
    2008-01-03 02:59:25
  • Regions Expects More Loan-Related Losses - Wall Street Journal

    Regions Expects More Loan-Related LossesWall Street Journal - 6 hours ago... quarter by 50% from the second. The bank, however, indicated it hasn't yet been hard by delinquencies in residential mortgages and home equity loans, ...
    2008-01-03 03:18:18
  • Regulators Broaden Mortgage Probe, Request Information on Marketing - Wall Street Journal

    Regulators Broaden Mortgage Probe, Request Information on MarketingWall Street Journal - 6 hours agoThe letter sent to the brokerage firms is the second leg of that sweep. "Finra's interest in CMOs is consistent with its continued regulatory scrutiny of ...
    2008-01-03 03:18:18
  • Regions Sees $360 Mln Loan Loss, $131 Mln Charges - Reuters

    Regions Sees $360 Mln Loan Loss, $131 Mln ChargesReuters - 5 hours agoRegions also announced $131 million of other fourth-quarter charges, including some related to mortgages. Shares fell 4.2 percent in after-hours electronic ...
    2008-01-03 04:04:39
  • NZ Dollar Bound for Weekly Drop; US Spurs Carry Trade Exit - Bloomberg

    NZ Dollar Bound for Weekly Drop; US Spurs Carry Trade ExitBloomberg - 4 hours agoThe New Zealand dollar has fallen 4.5 percent since reaching a 22-year high of 81.10 on July 24, as rising defaults in US subprime mortgages crimped the ...
    2008-01-03 04:54:15
  • Real Estate and Development Market might improve after a rough ... - In Business Las Vegas

    Real Estate and Development Market might improve after a rough ...In Business Las Vegas, NV - 4 hours agoThat will cause payments to rise and could force some into foreclosure despite a plan by President Bush to freeze adjustable rate mortgages. ...
    2008-01-03 05:34:46
  • Japan's 10-Year Bonds Gain as Stock Slump Lures Buyers to Debt - Bloomberg

    Japan's 10-Year Bonds Gain as Stock Slump Lures Buyers to DebtBloomberg - 2 hours agoJapanese bonds also advanced on speculation the nation's economy will slow as delinquencies related to US subprime mortgages cause deepening losses at ...
    2008-01-03 06:38:50