Mortgage and Financial News From 2007-10-9 Page 6

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  • Negative factors seen foiling BOJ interest rate hike this week (The Japan Times)

    The Bank of Japan will probably not raise interest rates this week because confidence at small companies has deteriorated and policymakers are still assessing the effect of the U.S. housing slump on... Read more ...
    2007-10-09 04:53:37

  • Option Traders Grow More Bearish on Yen as Risk Appetite Climbs (Bloomberg.com)

    Oct. 10 (Bloomberg) -- Options traders are the most bearish on the yen in three months as lower volatility and the Federal Reserve's move to cut interest rates have boosted investor confidence in the global economy and demand for risky assets.
    2007-10-09 03:12:45

  • New Zealand House Sales Fell to Six-Year Low in September (Bloomberg.com)

    Oct. 10 (Bloomberg) -- New Zealand house sales fell to a six- year low in September, adding to signs the property market is slowing after interest rates rose to a record.
    2007-10-09 04:44:53

  • Euro dives to two-week low against dollar (AFP via Yahoo! News)

    The euro hit its lowest point against the dollar in more than two weeks on Tuesday, as dealers awaited publication of minutes from the US Federal Reserve's latest rate-setting meet.
    2007-10-09 05:21:56

  • Court ruling will hit loan brokers

    News.com.au - A MORTGAGE broker has been found guilty of unconscionable conduct for writing loans a borrower was unable to repay, in a landmark decision expected to have far-reaching implications for the broking industry. Federal Court judge Roger Gyles found ...
    2007-10-09 02:40:00

  • Thornburg Mortgage Sees Bigger Loss From Asset Sales In Q3 [TMA]

    RTT News - In addition, the company expects to report an estimated $16.0 million loss on mortgage loans funded during the third quarter, which resulted from fundings made during September 2007 for which the mortgage interest rate had been locked for borrowers ...
    2007-10-09 11:34:00

  • Triad Guaranty Inc. To Hold Conference Call on 2007 Third Quarter ...

    MSN MoneyCentral - This allows buyers to achieve homeownership sooner, facilitates the sale of mortgage loans in the secondary market and protects lenders from credit default-related expenses. For more information, please visit the company's web site at http://www ...
    2007-10-09 01:43:00

  • US mortgage crisis predicted to get worse as home loan defaults soar

    Times Online - The level of fraud increased as lenders sought new customers through increasingly dubious means after a surge in sub-prime home loans in recent years that had left most eligible borrowers with mortgages. Many brokers and mortgage lenders did not ...
    2007-10-09 03:23:00

  • Moody's says E-Trade is positioned to weather mortgage market troubles

    CNBC - In September, E-Trade said it would exit its wholesale mortgage business due to bad home loans. The ratings service noted that E-Trade has reduced its outstanding acquisition debt over time, while cash flows have grown and cash flow leverage has ...
    2007-10-09 12:17:00

  • Thornburg Mortgage says loss widens; shares fall

    Reuters - ... 22 billion of high-quality adjustable-rate mortgages since August 10, up from the $20.4 billion first announced. Thornburg's loans are considered high-quality jumbo loans, which are above the $417,000 level that limits purchases by giant mortgage ...
    2007-10-09 02:04:00

  • Thornburg Raises Loss Estimate From Mortgage Sales (Update6)

    Bloomberg - Oct. 9 (Bloomberg) -- Thornburg Mortgage Inc., the Santa Fe, New Mexico-based lender, boosted its loss estimate to $1.1 billion from selling bonds backed by adjustable-rate home loans as rising defaults eroded demand for the securities. Thornburg ...
    2007-10-09 01:21:00

  • Writedown Thumps Thornburg

    Street.Com - It expects to report a $16 million loss on mortgage loans funded during the third quarter. "The global dislocation of the mortgage finance and credit markets this past summer has had a greater impact on our balance sheet than we initially estimated ...
    2007-10-09 10:01:00

  • Northern Rock Wins New Guarantee From U.K. Government (Update6)

    Bloomberg - The stock has fallen 69 percent since the company said Sept. 14 it was unable to make new mortgage loans. The Treasury initially refused to protect deposits made after Chancellor of the Exchequer Alistair Darling offered his original ...
    2007-10-09 10:15:00

  • Gladstone Commercial Announces Common and Preferred Stock Dividends ...

    Forbes - Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Additional ...
    2007-10-09 02:26:00

  • Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

    MSN MoneyCentral - Farmer Mac is a stockholder-owned instrumentality of the United States chartered by Congress to establish a secondary market for agricultural real estate and rural housing mortgage loans, and to facilitate capital markets funding for USDA ...
    2007-10-09 01:21:00

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