Mortgage and Financial News From 2007-10-26 Page 19

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  • CMHC lowers mortgage investment threshold: HOUSING (The Halifax Daily News)

    You have to wonder what David Dodge will be thinking this time. Just over a year ago, the Bank of Canada governor met with Canada Mortgage and Housing Corp.
    2007-10-26 02:46:18
  • Caught in the Mortgage Spiral, FBR Triples Its 3rd-Quarter Loss (Washington Post)

    Friedman Billings Ramsey Group, the Washington area's largest investment bank, said its losses tripled in the third quarter compared with a year ago following declines in the mortgage market and the sale of a subprime mortgage lender.
    2007-10-25 10:46:36
  • Home Front: Once housing turns, recovery could be fast

    Sacramento Bee - The builder is hoping the allure of a vacation getaway for life will be enough to loosen homebuyers still super-glued to their seats on the home-buying fence." A dip in mortgage rates Finally, when bad news is also good news: Market concerns about ...
    2007-10-26 05:16:00
  • Legal & General Third-Quarter Sales Fall on Housing (Update3)

    Bloomberg - The fourth quarter will be ``more challenging'' after the Bank of England raised interest rates to a six-year high, making home loans more expensive and trimming sales of mortgage-related insurance, Chief Executive Officer Tim Breedon said in an ...
    2007-10-26 02:24:00
  • Countrywide Loses $1.2 Billion, Soars on Outlook

    CNBC - ... on growing investor confidence the company can regain equilibrium after a mortgage ... more borrowers fell behind on payments, particularly on adjustable-rate and home ... adjustable-rate mortgages to help borrowers struggling to make payments as rates ...
    2007-10-26 07:39:00
  • Business Minute: Stocks rising...Countrywide's upbeat outlook...Oil ...

    Idaho8.com - The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money Money Home For ... Associated Press - October 26, 2007 10:43 AM ET NEW YORK (AP) - Microsoft shares have risen to a new 52-week ...
    2007-10-26 07:10:00
  • Countrywide Financial reports 3Q loss of $1.2B on mortgage woes ...

    CNBC - ... the third quarter, but its shares soared Friday after the nation's largest mortgage ... For prime home-equity loans, delinquencies inched up to 13.5 percent compared to ... the start of next year, unless the housing slump improves or interest rates fall ...
    2007-10-26 07:25:00
  • Stocks Rally on Microsoft, Countrywide

    Chicago Tribune - ... wide loss of more than $1 billion in the third quarter, but the beleaguered mortgage ... Wall Street hopes the Federal Reserve will lower interest rates again when it ... Home > Business
    2007-10-26 07:32:00
  • Home loan rates tipped to hit 8.65% (AAP via Yahoo!Xtra News)

    Borrowers are tipped to cop even steeper lending rates if the Reserve Bank of Australia (RBA) raises interest rates next month.
    2007-10-25 10:48:11
  • Subprime-Mortgage Defaults Rose Last Month, ABX Data Suggests (Bloomberg.com)

    Oct. 26 (Bloomberg) -- Late payments and defaults among subprime mortgages packaged into bonds rose last month as higher loan rates and weaker home prices pushed homeowners to the brink, according to data for loans underlying ABX derivative indexes.
    2007-10-26 07:25:17
  • Dollar Hits Fresh Lows as Fed Meeting Moves Closer

    CNBC - ... also helped by expectations that the Reserve Bank of Australia will raise rates ... tracks its progress against six major currencies -- fell to 77.035 , the lowest ... the largest U.S. mortgage lender, saying it expects to return to profitability this ...
    2007-10-26 06:06:00
  • Stocks Cheered by Countrywide, Microsoft, Merrill

    CNBC - ... week Merrill shocked the market by reporting that its exposure to subprime mortgage ... It was the lowest reading since May 2006 when the index stood at 79.1. The survey ... he said, adding that this would mean the Federal Reserve is likely to cut rates ...
    2007-10-26 08:00:00
  • New slowdown sees 7-year mortgage low

    Daily Telegraph - According to the British Bankers' Association (BBA), mortgage lending last month plunged by 27 per cent to its lowest September level in seven years. ... Many lenders have increased the rates on some of their variable rate mortgages and withdrawn ...
    2007-10-25 06:31:00
  • German and French growth slow but robust

    Financial Times - ... knock-on effects from the US subprime mortgage crisis, surveys showed on Thursday. Business confidence in the two biggest eurozone economies fell this month as a result of higher interest rates, a ... That was the lowest since February 2006 but still ...
    2007-10-26 01:34:00
  • U.K. mortgage approvals fall in September, says BBA

    Earthtimes - Mortgage approvals in Britain fell in September to a seven-year low, giving fresh ... the housing market is on a downturn, impacted as it is by the high interest rates ... which is down 27 per cent compared with September 2006 figures and the lowest ...
    2007-10-26 03:21:00