Mortgage and Financial News From 2007-10-9 Page 18

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  • Republicans Shudder as Economic Slowdown Adds to 2008 Concerns

    Bloomberg - The Republicans' regulatory stance toward hedge funds and mortgage lenders would also be fair game after the subprime-mortgage crisis. Relishing a Debate Republicans say they would relish a debate on tax cuts. A slump ``would ...
    2007-10-09 06:55:00

  • Coach, Purse Sellers Gains May Slow as Jewelry Shines (Update1)

    Bloomberg - U.S. handbag sales gains may have peaked as competition from shoes and jewelry heats up and higher gasoline and mortgage costs slow consumer spending. LVMH Moet Hennessy Louis Vuitton SA's gain in sales of fashion and leather goods may ...
    2007-10-09 08:35:00

  • IMF Said to Cut 2008 Growth Outlook

    US News and World Report - BERLIN (AP) -- The International Monetary Fund will cut its 2008 growth forecast for all major economies in its World Economic Outlook after the U.S. subprime mortgage lending crisis, a person with access to the report said Tuesday. The Washington ...
    2007-10-09 08:49:00

  • Wall Street Awaits Fed Minutes, Earnings

    Newsday - Get Home Delivery ... cheaper helped dismantle some of the intransigence in the credit markets that developed amid concerns about souring mortgage ...
    2007-10-09 08:56:00

  • Bimini Capital Management Provides Update on Discontinued Operations

    Forbes - Bimini Capital Management, Inc. is a REIT that invests primarily in, but is not limited to, residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie ...
    2007-10-09 07:02:00

  • Read This Before Financing Your Business With Home Equity

    Street.Com - As long as your home has appreciated in value, there will be a bank or mortgage broker who wants to loan you money in the form of either a home equity loan or line of credit right up to your credit limit. It's in the bank's best interest because it ...
    2007-10-09 05:14:00

  • Thornburg Raises Loss Estimate From Mortgage Sales (Update1)

    Bloomberg - Oct. 9 (Bloomberg) -- Thornburg Mortgage Inc., the Santa Fe, New Mexico-based home-loan provider, lost 27 percent more than it had expected selling off adjustable-rate mortgages since August, after the collapse of the subprime market caused demand ...
    2007-10-09 06:47:00

  • Fairway Independent Mortgage Corporation Wins Prestigious Broker of ...

    Forbes - One of the reasons mortgage brokers continue to get 60 percent of the home mortgage market is because of companies like Fairway Independent Mortgage, who exemplify the best practices in the industry," states Patrick Essie, executive director of WAMB ...
    2007-10-09 08:13:00

  • Home builders' foundations shift with shaky market (USA Today)

    Since early August, the real estate market has sunk deeper into recession. Forecasts of a recovery have been pushed back to the middle of 2008 at the earliest. For home builders, market conditions are already worse than in the last housing recession, in 1991-92.
    2007-10-09 05:55:51

  • PMI's Fall 2007 Risk Index Shows Risk of Home Price Declines Near All-Time Highs Despite Minor Improvements in ... (PR Newswire via Yahoo! Finance)

    PMI Mortgage Insurance Co., the U.S. subsidiary of The PMI Group, Inc. , today released its Fall 2007 U.S. Market Risk Index, which ranks the nation's 50 largest metropolitan statistical areas according to the likelihood that home prices will be lower in two years.
    2007-10-09 08:00:00

  • Mortgage woes felt in furnishings (The Washington Times)

    The home furnishing industry is the latest casualty of the ongoing housing and mortgage-lending...
    2007-10-08 09:52:28

  • U.S. Stocks Rise; Yum Gains on Earnings, Molson Coors on Merger

    Bloomberg - ... may come today when the Federal Reserve releases minutes of its last Open Market Committee meeting, when it cut interest rates ... Today marks the five-year anniversary of the current bull market in U.S. stocks. The S&P 500 has advanced four straight ...
    2007-10-09 08:13:00

  • 2007 Pre-Budget Report and Comprehensive Spending Review - Meeting the ...

    CNBC - Reflecting the combination of momentum in the economy, but higher interest rates than markets expected at the time of Budget ... Air Passenger Duty rates will be frozen at their current rates for 2008/2009. Biofuels In June this year, the Government ...
    2007-10-09 08:35:00

  • Ask the FoolDollar-Cost Averaging Fool's SchoolSavings Bonds 101 ...

    Philadelphia Inquirer - Think about where interest rates are headed. If you expect them to fall over the coming years, you might want to lock in current higher rates by buying some long-term CDs. If you expect them to rise, consider "laddering." CDs with longer maturities ...
    2007-10-08 11:59:00

  • Swiss Franc Trades Near Record Low Versus Euro on Carry Trades

    Bloomberg - ... by cheap loans from economies like Switzerland, which has the second-lowest interest ... carry trades, investors earn the spread between the borrowing and lending rates ... Gross domestic product will probably expand 3.1 percent in the current quarter from ...
    2007-10-09 05:57:00

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