Mortgage and Financial News From 2007-10-2 Page 4

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  • Dow drops day after rally, but bonds, dollar up

    Reuters - ... the continuing housing slump will prompt the Federal Reserve to cut interest rates ... The index of pending home sales fell to the lowest reading since records began in ... rose again on Tuesday even after Morgan Stanley said it will cut 600 mortgage jobs ...
    2007-10-02 03:31:00

  • Pending home sales fall sharply

    Washington Post - The National Association of Realtors Pending Home Sales Index fell to a reading of 85.5, the lowest since records began ... With price declines accelerating, real mortgage rates are very high; the downside from here is still substantial." Notably, more ...
    2007-10-02 02:27:00

  • Pending home sales fell 6.5 pct in August

    Reuters UK - The National Association of Realtors Pending Home Sales Index fell to a reading of 85.5, the lowest since records began ... With price declines accelerating, real mortgage rates are very high; the downside from here is still substantial." Notably ...
    2007-10-02 05:40:00

  • Currency Funds Posted Biggest Losses in Two Years, Index Shows

    Bloomberg - ... against the euro in August as the collapse of the U.S. subprime-mortgage market prompted investors to dump riskier assets financed through so-called carry trades. In the transactions, investors borrow in Japan, where interest rates are the lowest ...
    2007-10-02 02:41:00

  • Treasuries Gain Amid Weakness in Stocks, Pending Home Sales

    Bloomberg - ... S. stocks declined and a report showed pending home sales fell to the lowest level ... especially in employment, may enable the Federal Reserve to cut interest rates ... firm, became the latest to announce job cuts to offset a decline in mortgage-related ...
    2007-10-02 01:29:00

  • U.S. Economy: Pending Home Sales Slide to Lowest on Record

    Bloomberg - Pending Home Sales Slide to Lowest on Record By Bob Willis Oct. 2 (Bloomberg) -- The ... The Federal Reserve will probably need to make further cuts in interest rates to ... Fewer contracts were being written because of mortgage- availability issues,'' said ...
    2007-10-02 08:22:00

  • Pending home sales down 21.5%; at lowest level ever

    AZCentral.com - August's reading of 85.5 was below analysts' expectations and the lowest ever for the index, which started in January ... In late August, the gap in mortgage rates between jumbo loans and “conforming” loans below the $417,000 limit widened to 0.93 ...
    2007-10-02 12:32:00

  • ECB to leave rates unchanged: economists (AAP via Yahoo!7 Finance)

    Economists are suggesting the European Central Bank will keep interest rates on hold at 4.0 per cent not only this week, but until late next year.
    2007-10-02 02:39:11

  • Pending home sales at record low (CNN Money)

    The meltdown in the mortgage market in August dried up the supply of homeowners looking to sell, as an industry group reported the lowest recorded level of homes under contract.
    2007-10-02 07:10:32

  • Tech funds benefit from big name stocks

    CNBC - While the number is smaller than the $466 million investors put into tech funds in July, the gain is notable given the market gyrations that occurred in August amid concerns about the housing sector and souring mortgage loans. "The fact that investors ...
    2007-10-02 01:01:00

  • Sterling Financial Corporation of Spokane, Washington, Announces Third ...

    Forbes - Golf Savings Bank is a Washington State-chartered and FDIC insured savings bank. Golf Savings Bank's primary focus is the origination of single-family residential mortgage loans. Contact: Daniel G. Byrne (509) 458-3711 SOURCE ...
    2007-10-02 05:04:00

  • HBOS loans move means the economy is slowing

    Daily Telegraph - HBOS shifts focus from home loans Hornby has abandoned a target for net lending because in today's mortgage market it's no longer relevant. The bank already has a 20pc total share and is right to chase quality, not quantity, in a contracting market ...
    2007-10-02 05:26:00

  • KKR and Citigroup cheer loans market

    Financial Times - However, people familiar with the plan said it would invest in impaired loans such as LBO debt, high-yield bonds and subprime residential mortgage loans. While the planned venture is still under discussion, it adds to the impression that the climate ...
    2007-10-02 06:27:00

  • Low.com Launches LeadMatch.com(TM), a Self-Serve Mortgage Lead Portal

    Forbes - LeadMatch(TM) builds on the technology and expertise of Low.com - a top five lead generation company - to match brokers and individual loan officers with qualified consumers looking for mortgage loans. The new lead platform gives brokers and loan ...
    2007-10-02 05:37:00

  • Goldman Sachs May Buy Subprime Mortgage Servicer, People Say

    Bloomberg - At least 90 mortgage companies have quit making loans, closed or sold themselves this year, according to data compiled by Bloomberg. Michael Duvally, a spokesman for Goldman, declined to comment. Lisa Brzezinski, a spokeswoman for Credit ...
    2007-10-02 03:53:00

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