Mortgage and Financial News From 2007-11-15 Page 8

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  • House on verge of passing bill setting new standards for mortgage ...

    Forbes - ... House today was headed toward approving legislation that would require mortgage ... to approve legislation that would make it easier for borrowers to refinance their ... The content on this site, including news, quotes, data and other information, is ...
    2007-11-15 02:15:00

  • House passes tough subprime lending law (MSNBC)

    The House on Thursday voted to crack down on mortgage lenders by enacting federal licensing, making them responsible for knowing if borrowers can repay loans.
    2007-11-15 03:50:23

  • House approves bill to strengthen rules on mortgage lenders (CNN.com)

    WASHINGTON (AP) -- With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for steering people toward risky subprime loans.
    2007-11-15 05:17:31

  • Super-Low Rates Will Keep Japan Of High Interest to Borrowers

    Wall Street Journal - ... few weeks, several economists have amended their forecasts to push farther into the future the time they believe the Bank of Japan will next raise rates. They have cited some worrying signs in the domestic economy and escalating residential-mortgage ...
    2007-11-15 02:15:00

  • Homeowners face mortgage rate rise

    Channel 4 News - 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. Standard Life Bank announced it was increasing its standard variable mortgage rate ...
    2007-11-15 07:34:00

  • The Subprime Puzzle

    Forbes - Among the biggest unknowns for the U.S. economy and financial markets is the magnitude of the subprime lending fallout. This crisis began last winter when millions of homeowners found their mortgage payments rising as interest rates reset to higher ...
    2007-11-15 12:20:00

  • Bankrate: Mortgage rates slip

    Marketwatch - NEW YORK (MarketWatch) -- The average rate on fixed-rate 30-year mortgages fell to 6.32% this week from 6.34% last week, reported Bankrate Inc., which operates personal-finance Web site Bankrate.com, on Thursday. The average 15-year fixed mortgage ...
    2007-11-15 05:32:00

  • Freddie Mac: Mortgage rates remain flat

    Marketwatch - NEW YORK (MarketWatch) -- U.S. fixed-rate mortgages were nearly unchanged in the latest week, according to Freddie Mac's survey released Thursday. The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 6.24% in the week ...
    2007-11-15 07:12:00

  • Wall Street skidded lower Thursday as investors grappled with concerns ...

    MSNBC - Still, the company has been able to avoid big writedowns that other banks have faced because it has little exposure to some complex financial instruments such as mortgage-backed securities that have recently soured. Investors also reacted to a Barron ...
    2007-11-15 03:48:00

  • What next for Northern Rock customers?

    Guardian Unlimited - The only silver lining is for savers. Mortgage rates may be on the way up, but so are savings rates. This week they smashed through 7% for the first time in six years at some providers, and many more are expected to follow suit. Print | Share | Email
    2007-11-15 05:35:00

  • Sector Wrap: Homebuilders Slide

    CNBC - A Fed cut does not necessarily mean mortgage rates will fall, because they track more closely with 10-year Treasury rates. Lower Fed rates could exacerbate inflation though, which the central bank wants to avoid. And Thursday, the Consumer Price ...
    2007-11-15 12:56:00

  • U.S. mortgage rates show little change

    Earthtimes - MCLEAN, Va., Nov. 15 U.S. mortgage rates, buffeted by mixed economic signals, were basically flat this week, the Freddie Mac market survey said Thursday. The 30-year fixed-rate mortgage averaged 6.24 percent with an average 0.4 points, unchanged from ...
    2007-11-15 09:21:00

  • Kaine Forms Group to Fight Surge in Va. Foreclosures

    Washington Post - Many of Virginia's working families are facing significant difficulty as mortgage rates adjust,'' said Kaine, a Democrat, who made the announcement while speaking at the 2007 Governor's Housing Conference in Roanoke. "My goal is to have policies in ...
    2007-11-15 11:44:00

  • US 30-yr mortgage rates flat in latest week

    Reuters - Last: WASHINGTON, Nov 15 (Reuters) - Average rates on U.S. 30-year mortgages were unchanged this week, mortgage giant Freddie Mac said on Thursday. U.S. 30-year mortgage rates remained at an average of 6.24 percent as 15-year mortgage rates dipped ...
    2007-11-15 12:20:00

  • U.S. mortgage rates show little change (EARTHtimes.org)

    U.S. mortgage rates, buffeted by mixed economic signals, were basically flat this week, the Freddie Mac market survey said Thursday. The 30-year fixed-rate mortgage averaged 6.24 percent with an average 0.4 points, unchanged from last week. The 15-year FR...
    2007-11-15 09:41:09

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