Mortgage and Financial News From 2007-9-12 Page 21
Previous Day: 2007-09-11
Return to the mortgage news archive home.
-
Australian, N.Z. Dollars Gain; Investors Return to Carry Trade
Bloomberg - Both currencies gained for a second day as traders returned to the so-called carry trade, where cheaply borrowed yen is ... shares yesterday rose the most this month on evidence consumers are weathering the slowdown from losses in subprime mortgages ...
2007-09-11 11:56:00 -
UBI Q2 net falls to 195.4 mln eur, above consensus UPDATE
Forbes - MILAN (Thomson Financial) - UBI Banca said second-quarter net profit fell to 195.4 mln eur from a pro forma of 249.7 mln a ... On its exposure to US sub-prime mortgages, it said the group has a potential indirect exposure of less than 15 mln eur, while ...
2007-09-12 01:36:00 -
Half pay 25% of income to mortgages
East Valley Tribune - First mortgages make up only a part of the problem. One in four people who are making mortgage payments said they also have either a second mortgage or a home equity loan. Statistics also show the median value of an Arizona home is $236,500, with ...
2007-09-12 01:29:00 -
U.K. Stocks Decline, Led by WPP, Glaxo; Home Retail Advances
Bloomberg - Northern Rock has slumped 48 percent from a high in the second week of February. Acquiring Northern Rock would ``bring immediate critical mass in U.K. mortgages to an overseas buyer and be an attractive add-on for a larger U.K. bank ...
2007-09-12 01:57:00 -
Bond insurers feel the chill from credit turmoil fallout
Financial Times - In its second-lien business, for insuring risky second mortgages, the company estimates around $300m in projected claims by 2010. Rob Haines, analyst at CreditSights, said: “We believe Radian desperately wanted to get the deal done but MGIC simply ...
2007-09-11 10:34:00 -
Mortgages eating up incomes
Detroit Free Press - Mortgages eating up incomes September 12, 2007 BY RUBY L. BAILEY and SUZETTE HACKNEY FREE PRESS STAFF WRITERS When Chris Gowman's ... homeowners should first try to trim expenses -- cut the cell phone bill and stop dining out -- and perhaps get a second job ...
2007-09-12 12:31:00 -
July trade deficit down, but jumps with China
Philadelphia Inquirer - ... S. economy from the adverse effects of the worst downturn in housing in 16 years and of a serious credit crunch stemming from growing losses in subprime mortgages. The U.S. deficit with China jumped 12.5 percent in July to $23.8 billion, the second ...
2007-09-11 11:49:00 -
New census data point to root of slumping housing market
Baltimore Sun - And booming home values have increased wealth for many families, allowing them to use the equity in their homes to take out second and third mortgages to finance home improvements, pay for college or buy automobiles and other amenities. But many ...
2007-09-12 12:17:00 -
Asian Stocks Climb, Led by BHP, Mitsubishi; Sun Hung Kai Gains (Bloomberg.com)
Sept. 12 (Bloomberg) -- Asian stocks rose for a second day, led by BHP Billiton and Mitsubishi Corp., after copper prices jumped the most in three months and crude oil closed at a record.
2007-09-11 09:43:11 -
Trade deficit shows slight decline (AP via Yahoo! News)
The U.S. trade deficit declined slightly in July, helped by record exports that offset the biggest foreign oil bill in nearly a year. But even a spate of recalls did not stop the deficit with China from climbing to the second-highest level on record.
2007-09-11 03:26:30 -
Half pay 25% of income to mortgages (East Valley Tribune)
More than half of Arizonans are paying at least a quarter of their income in monthly mortgage payments. And 20 percent are having to write a check equal to at least 40 percent of their household income.
2007-09-12 01:50:36 -
Housing costs punish family budgets (USA Today)
Sydney Lasry, a systems engineer, took a second job three years ago so he could afford to buy a $400,000 home in Severn, Md. His mortgage payment hasn't risen, but his property taxes have jumped by $1,000 since then, to $3,200 a year, and his home insurance has soared by $500, to $1,100.
2007-09-11 11:34:24 -
Alberta is the second most expensive province for housing, says RBC Economics (CNW Group via Yahoo! Finance)
Alberta's housing affordability experienced a significant deterioration in the second quarter of 2007, according to a new report released today by RBC Economics.
2007-09-12 02:00:00 -
Mortgages increase again despite base rate freeze (Daily Mail)
Homeowners face higher mortgage repayments as one of Britain's biggest lenders raise its rates today. Abbey, the nation's second biggest mortgage lender, will become the first High Street bank to raise the interest in a range of its standard tracker mortgages as a direct result of the volatile markets
2007-09-11 05:24:14 -
Confidence drives a broad advance
Chicago Tribune - ... Jones industrial average rose 180.54 points, or 1.4 percent, to 13,308.39. Only ... Mortgage-related stocks, including Countrywide Financial , continued to erode ... Chairman Ben Bernanke did not include any indication that the Fed will cut interest ...
2007-09-11 11:56:00