Mortgage and Financial News From 2007-10-2 Page 18

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  • Spain Property Delinquencies May Jump, Moody's Says (Update1) (Bloomberg.com)

    Oct. 2 (Bloomberg) -- Spanish real estate loan delinquencies may increase as much as 15-fold by the end of 2008 as interest rates rise, Moody's Investors Service said in a report released today.
    2007-10-02 06:19:31

  • State Farm to drop homeowner rates 9% (Miami Herald)

    State Farm of Florida, the largest private insurer of homes in Florida, agreed to lower homeowner rates by an average 9 percent statewide in order to comply with a new law passed in January.
    2007-10-02 08:25:49

  • SKorea's current account surplus narrows in August - UPDATE2 (Sharewatch)

    SEOUL (Thomson Financial) - South Korea's current account surplus narrowed in August on higher payments overseas of royalties, interest and dividends and a smaller trade surplus, the Bank of Korea said Tuesday.
    2007-10-01 07:15:29

  • 'Interest rate cuts needed' (icWales)

    INTEREST rates should be cut by at least half a point to stave off a crisis in the economy, a leading Welsh academic has said.
    2007-10-02 01:19:19

  • Pimco forecasts US rates of 3.75% (eFinancial News)

    The downward path of US house prices and the unwind of related derivatives will dominate US Federal Reserve policy for several years, according to Bill Gross, chief investment officer of US bond manager Pimco, who believes interest rates will decline by a further one percentage point.
    2007-10-02 05:55:05

  • Share market continues stellar run at midday

    News.com.au - Shares in troubled mortgage lender RAMS Home Loans fell 17 cents to 68 cents at 1212 AEST on news it has been thrown a life line by Westpac, which will buy a $140 million stake in the business and provide it with $2 billion in funding. Mirvac Group's ...
    2007-10-02 12:36:00

  • The 2% solution

    CNN Money - Finally, Cohen has added Foxtons Financial, a mortgage lender, which he says about half his customers use. Oh, one more thing: For 2%, Foxtons will not list a home with MLS, opting instead to start its own listings service. The move is trademark ...
    2007-10-02 07:10:00

  • Mortgagebot Unveils Mortgage Marvel, a Revolutionary New Mortgage ...

    TMCnet - MEQUON, Wis. --(Business Wire)-- Home buyers are shopping for mortgage loans, and lenders want their business. How best to bring the ... enables consumers to control the entire process of researching, comparing, and selecting a mortgage--and a lender." ...
    2007-10-02 09:55:00

  • AP Business NewsBrief at 1:08 p.m. EDT

    CNBC - ... for $25 billion on Tuesday reduced its cash offer for the nation's largest student lender ... AP) _ Former Federal Reserve chairman Alan Greenspan defended the U.S. subprime mortgage market, arguing the repackaging and sale to investors of risky home ...
    2007-10-02 10:09:00

  • Integer takes aim at SA’s home-loans status quo 

    Business Day South Africa - Backed by listed financial services companies Investec and Purple Capital, Stockley yesterday launched his mortgage lender Integer, offering 240- month amortised home loans. The loans will be 85% of the home value and up to a maximum of R2,5m ...
    2007-10-02 12:36:00

  • Westpac throws Australia`s RAMS home loans a life line

    Antara Interactive - Sydney (ANTARA News/Asia Pulse) - Troubled mortgage lender RAMS Home Loans Ltd (ASX:RHG) has been thrown a life line by Westpac Banking Corporation Ltd (ASX:WBC), which will buy a A$140 million (US$123.5 million) stake in the business and provide it ...
    2007-10-02 12:15:00

  • Free foreclosure help - if you can wait

    CNN Money - She has connected clients with grants of up to $3,000 or three months mortgage payment, whichever is less, from the Ohio Home Rescue ... Britton's agency also works closely with a lender who will do refinancings for home owners with resetting ARMs. The ...
    2007-10-02 07:46:00

  • HBOS warns mortgage market set to slow

    Daily Telegraph - The UK's largest mortgage lender HBOS is to scrap annual targets for its retail loan business, after it warned growth in the ... slumped by more than half, to 8pc in the first six months of the year, compared to its 20pc share of outstanding home ...
    2007-10-02 08:15:00

  • UPDATE 1-Morgan Stanley to cut about 600 mortgage jobs

    Reuters - ... in recent months by rising defaults in the subprime sector that caused widespread distress among lenders, home ... said it would slash 850 employees in the U.S. and UK on top of the 1,200 it cut when it shut down subprime lender BNC Mortgage Corp
    2007-10-02 10:09:00

  • Loan Servicers Create New Mortgage Snags

    Forbes - ... lose the home he and his wife Pearl built near Atlanta almost 20 years ago. So he asked for help. But Jennings, who needed to lower his monthly mortgage payment, was rejected for a loan modification. The snub didn't come from the mortgage lender, but ...
    2007-10-02 08:50:00

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