Mortgage and Financial News From 2007-9-18 Page 21

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  • Fighting mortgage fraud may ease taxes

    Miami Herald - The state ranks No. 1 in the nation in complaints from lenders, according to the Mortgage Asset Research Institute. County police have seen a 400 percent increase in the number of mortgage fraud reports over the last two years, Theobald said. The ...
    2007-09-18 04:13:00

  • America's sub-prime mortgage disaster hits Britain

    San Francisco Gate - ... wings in Central America, creating a microscopic current of wind that may someday be felt as far away as, say, China, the collapse of the sub-prime mortgage market in the U.S. is now being felt far beyond the American neighborhoods in which lenders ...
    2007-09-18 09:28:00

  • Spanish Housing Slump `Unthinkable,' Taguas Says (Update2)

    Bloomberg - A run on mortgage lenders such as Newcastle, U.K.-based Northern Rock Plc or funding difficulties like those at Countrywide Financial Corp. in the U.S. is ``unthinkable'' in Spain, Taguas said. Such a situation ``is completely out of the ...
    2007-09-18 07:05:00

  • Mortgage borrowers and savers told not to panic

    Reuters UK - Mortgage borrowers and savers with Northern Rock -- the country's eighth-largest listed bank -- can have confidence that the move does not reflect any underlying business problems, the Council of Mortgage Lenders (CML) said. Northern Rock was forced ...
    2007-09-18 12:53:00

  • Crunch hits PHH deal

    Baltimore Sun - Some mortgage lenders have filed for bankruptcy, others have retrenched and thousands of employees have been laid off. The problems in the mortgage industry could be "a great opportunity" for PHH, Krongard said. PHH specializes in "private label ...
    2007-09-18 04:56:00

  • Paragon Chief Says U.K. Housing Market to Slow on Higher Rates

    Bloomberg - Sept. 18 (Bloomberg) -- Paragon Group Cos. Chief Executive Officer Nigel Terrington said the U.K. housing market will slow next year as mortgage lenders pass on higher costs to home buyers. ``People will behave more cautiously on the back of five ...
    2007-09-18 03:38:00

  • Mortgage debt 'will reach crisis'

    News.com.au - Prof Keen called for government intervention to regulate mortgage lenders and a full public inquiry into Australia's household debt, taking in the impact of lending standards, housing affordability, negative gearing and capital gains tax. "Mid-1965 ...
    2007-09-18 07:20:00

  • US mortgage crisis deepens at Impac, Accredited

    Reuters - NEW YORK, Sept 18 (Reuters) - The U.S. mortgage lending crisis deepened on Tuesday, as Impac Mortgage Holdings Inc (IMH.N: Quote , Profile , Research ) said it will quit most lending activities, while Accredited Home Lenders Holding Co (LEND.O: Quote ...
    2007-09-18 09:14:00

  • Mortgage firms close, funds still available (Charleston Regional Business Journal)

    Mortgage lenders large and small are shutting their doors, home builders are offering incentives to help them move unsold homes, and potential home buyers are no longer being showered with pennies from heaven.
    2007-09-18 04:54:33

  • Mortgage crisis deepens at Impac, Accredited (Reuters via Yahoo! News)

    The mortgage lending crisis deepened on Tuesday, as Impac Mortgage Holdings Inc said it will quit most lending and cancel its dividend, while Accredited Home Lenders Holding Co posted a big quarterly loss and said its survival remained in doubt.
    2007-09-18 09:38:32

  • Utility, drug stocks set to gain from US rate cut

    Reuters - LONDON, Sept 18 (Reuters) - Investors are likely to buy shares of European utility companies, drugmakers and food firms following any U.S. Federal Reserve interest rate cut, if history is any indicator. There could also be opportunities among bank ...
    2007-09-18 08:31:00

  • Oil rises to new intraday record above US$81 on anticipation of U.S ...

    CNBC - Oil prices climbed to a new high, above US$81 a barrel, amid hopes that the U.S. Federal Reserve would cut a key interest rate later Tuesday, a move the market believes would bolster the economy and strengthen petroleum demand in the world's largest ...
    2007-09-18 06:51:00

  • INTERVIEW Polish central bank's Noga says next rate hike probable in ...

    Forbes - WROCLAW (Thomson Financial) - Poland's central bank is likely to pick November for its next rise in interest rates and should raise borrowing costs by another 50 basis points in the first half of next year, bank policymaker Marian Noga said. Noga ...
    2007-09-18 06:22:00

  • Gold hits 16-month high ahead of Fed rate decision

    Reuters UK - LONDON (Reuters) - Gold surged to a 16-month high on Tuesday, with sentiment bullish ahead of an expected interest rate cut by the U.S. Federal Reserve and on record high oil prices, dealers said. The Fed is expected to slash its benchmark 5.25 ...
    2007-09-18 08:17:00

  • Czech Koruna Trades Near Record High Before Fed Rate Decision

    Bloomberg - Sept. 18 (Bloomberg) -- The Czech koruna traded near a record high against the euro before an interest-rate decision by the Federal Reserve that could revive appetite for emerging- market assets. Of the 26 emerging-market currencies tracked by ...
    2007-09-18 06:15:00

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