Mortgage and Financial News From 2007-11-15 Page 14

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• Standard Life increases SVR

  Times Online - Standard Life, one of the UK's top twenty mortgage lenders, has unexpectedly hiked its standard variable rate by 0.15 per cent. Experts today said the decision reflects increased wholesale borrowing costs. It is the first time so-called prime ...
  2007-11-15 07:27:00

• Credit crisis? What crisis? Why it's still easy to get a loan

  Daily Telegraph - If you believe the reports, people applying for credit have a good chance of being turned down. Reports of millions of applications for mortgages or credit cards being rejected make the headlines every week. Puzzled? Banks and mortgage lenders ...
  2007-11-15 02:29:00

• Thursday's Winners and Losers: NovaStar Financial

  Street.Com - The Kansas City, Mo., firm had been among numerous subprime-mortgage lenders caught in the first wave of credit-market turmoil earlier this year, and its stock has lost a tremendous amount of value over the past few months. Today, shares surrendered ...
  2007-11-15 01:46:00

• Freddie Mac Joins Fannie in Raising Mortgage Fees (Update1)

  Bloomberg - Nov. 15 (Bloomberg) -- Freddie Mac, the second-largest source of money for U.S. home loans, joined Fannie Mae in introducing or raising fees on mortgages the company buys from lenders because of the increased risks in slumping housing and mortgage ...
  2007-11-15 01:25:00

• Credit, housing sink Wall St; Starbucks dives

  CNBC - Among the major U.S. home mortgage lenders, Wells Fargo shares dropped 3.9 percent to $31.97. Shares of Fannie Mae, the largest U.S. home funding source, tumbled 10 percent to $43.04 on the NYSE. while shares of Freddie Mac , the No. 2 U.S ...
  2007-11-15 02:22:00

• MindBox Announces New Management Consulting Group Specializing in ...

  Forbes - The MindBox Management Consulting Group will link clients with our industry experts who have years of hands-on experience working with many of the elite residential mortgage lenders, investors, credit reporting agencies, and mortgage insurance ...
  2007-11-15 01:32:00

• PMI Canada to Enter Canada's Mortgage-Backed Securities Market

  Forbes - PMI), serves the needs of residential mortgage lenders and investors in Canada. PMI Canada offers loan-level primary mortgage insurance for residential mortgages as well as portfolio insurance, which is mortgage insurance applied to a specific group ...
  2007-11-15 08:17:00

• Dollar opens below US89c

  News.com.au - THE dollar has opened more than one US cent weaker today, starting the day below $US0.8900 for the second time this week, as more bad news emerged about troubled mortgage lenders. The domestic unit is tipped to fall to a low of $US0.8600 next week as ...
  2007-11-15 01:53:00

• UPDATE 3-Wells Fargo: Housing worst since Great Depression

  Reuters - NEW YORK, Nov 15 (Reuters) - Wells Fargo & Co (WFC.N: Quote , Profile , Research ), which has sidestepped many of the credit and liquidity problems plaguing U.S. mortgage lenders, believes the nation's housing slump is the worst since the Great ...
  2007-11-15 01:53:00

• White House Objects to Parts Of Mortgage-Reform Bill (Washington Post)

  The White House released a brief statement yesterday opposing key parts of legislation aimed at curbing abusive mortgage-lending practices that have fueled a jump in foreclosures.
  2007-11-15 01:07:28

• Foreclosures Hit a Snag for Lenders (New York Times)

  A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers.
  2007-11-14 08:55:59

• Homeowners face mortgage rate rise (Channel 4)

  Homeowners were warned that higher mortgage rates could be on the way amid signs that mainstream lenders may now be feeling the strain from the recent credit crunch.
  2007-11-15 07:55:04

• Mortgage lenders continue to report losses mounting (Belleville News-Democrat)

  Billions of dollars in mortgage losses reported during the third quarter could be a prelude to even bigger losses in the fourth quarter, as two more financial institutions warned of substantial writedowns on Wednesday.
  2007-11-15 01:10:03

• Ruling could cause snag as lenders seek to foreclose (Boston Globe)

  A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers and raising questions about the legal standing of investors in mortgage securities pools.
  2007-11-15 04:50:05

• INTEREST RATE CUTS ON THE WAY

  Daily Express - BRITAIN’S hard-pressed homeowners were given hope of interest rate cuts yesterday which will slash hundreds of pounds from mortgage payments. Experts predicted that the mortgage joy could comprise up to three cuts next year which would bring ...
  2007-11-15 10:40:00

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