Mortgage and Financial News From 2007-10-8 Page 7

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  • Home Building - Choosing The Right Mortgage

    Best Syndication - There are many different types of mortgages available. When selecting the right mortgage, you must take into account your current financial situation and what you expect your financial situation will be in the future. You should also consider how ...
    2007-10-08 12:47:00

  • Sector Glance: Homebuilders

    CNBC - Last month, Lennar Corp. and KB Home said they lost nearly 1 billion dollars combined last quarter because of restricted access to mortgage loans, too many homes for sale and waning confidence among potential buyers. In a weekly preview, Banc of ...
    2007-10-08 01:08:00

  • Worth $4 Million--And Unable To Retire

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Even with no mortgage or tuition payments, many mMillionaires underestimate the effects of inflation, especially on the cost of ...
    2007-10-08 02:48:00

  • D-FW pre-owned home sales plunge 19%

    Dallas Morning News - September's dip in home sales coincides with the mortgage market crunch, which made headlines starting in early August. Since then lenders have significantly increased mortgage requirements and have curtailed some loan products ...
    2007-10-08 03:17:00

  • Fed's Flip-Flop Helps Republicans

    CBS News - Federal Reserve Chairman Ben Bernanke assured lawmakers he'd work to curb the mortgage mess; home loan rates inch higher; and investors take a time out. In politics and on the campaign trail, flip-flops can be very damaging. But Ben Bernanke’s ...
    2007-10-08 03:10:00

  • Obama Proposes 35% Cut in Use of Foreign Oil by 2030 (Update2)

    Bloomberg - She also said she would overhaul the alternative minimum tax, appoint an enforcement officer to monitor trade agreements and take several more steps to address a crisis in the home mortgage market. In line with a Democratic plan released last week ...
    2007-10-08 01:08:00

  • Australia's Home-Loan Approvals Probably Rose on Higher Rents

    Bloomberg - ... worldwide dropped in July and the beginning of August and the cost of corporate credit soared as investors fled riskier assets amid growing concern that losses in the U.S. subprime mortgage market will spread throughout the world. Home ...
    2007-10-08 01:44:00

  • Ellington Freezes Withdrawals From Two Mortgage Hedge Funds

    Bloomberg - Oct. 8 (Bloomberg) -- Ellington Management Group LLC, the Old Greenwich, Connecticut-based hedge-fund firm that invests in mortgage securities, suspended client redemptions from two funds because it's too hard to value their assets. Investors won't ...
    2007-10-08 01:51:00

  • FBR analyst downgrades Sovereign Bancorp

    Boston Globe - Some mortgage banks that ran into trouble this summer stayed alive because they had enough cash, he said, while companies like New Century Financial Corp. and American Home Mortgage Investment Corp. went bankrupt because they did not. Abbott said he ...
    2007-10-08 02:34:00

  • D-FW still ranks among most stable home-price markets 10:31 AM CT

    Dallas Morning News - Dallas-Fort Worth continues to rate as one of the most stable markets in the country for home values. A new study released Monday by home mortgage insurer PMI Group predicts there is less than an 8 percent chance D-FW area prices will fall during the ...
    2007-10-08 08:29:00

  • Watch these pitfalls when shopping for a mortgage (Miami Herald)

    With housing prices leveling off in many parts of the country, it's a good time for qualified buyers to shop around for a new home. But Bankrate.com Editor Elizabeth Razzi warns there are five pitfalls to avoid when trying to secure a mortgage:
    2007-10-08 12:53:27

  • D-FW still ranks among most stable home-price markets 10:31 AM CT (Dallas Morning News)

    Dallas-Fort Worth continues to rate as one of the most stable markets in the country for home values. A new study released Monday by home mortgage insurer PMI Group predicts there is less than an 8 percent chance D-FW area prices will fall during the next two years.
    2007-10-08 08:48:08

  • EMC Insurance Group Inc. Announces Third Quarter 2007 Earnings Call

    MSN MoneyCentral - Accordingly, any forward-looking statement contained in this report is based on management's current beliefs ... of loss and settlement expense reserves; state and federal legislation and regulations; changes in our industry, interest rates ...
    2007-10-08 11:14:00

  • Germany's Glos says weak dollar is generally worrying

    Forbes - BERLIN (Thomson Financial) - German economy minister Michael Glos said the US dollar's current weakness against the euro ... He indicated the European Central Bank helped alleviate the situation by keeping interest rates in the euro zone steady. Glos ...
    2007-10-08 03:57:00

  • City looks at payday lending laws

    News-Virginian - Inspired by a parallel motion endorsed last month by Staunton, the Waynesboro City Council plans to formally ask the General Assembly to put an interest cap on the booming lending industry, whose current annual rates approach 400 percent. “If you ...
    2007-10-08 05:30:00

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