Mortgage and Financial News From 2007-8-29 Page 25
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Credit card defaults keep rising, report says
CNN Money - ... Moody's told the paper the problem could be due to the property market slowdown and fewer homeowners opting not to refinance ... refinancings in which many borrowers reduced their more expensive credit card debt by drawing on the equity in their home ...
2007-08-28 09:32:00 -
Rams Turns to Australian Market After U.S. Refinancing Failure
Bloomberg - Aug. 28 (Bloomberg) -- Australia's Rams Home Loans Group Ltd. said it will try to sell more mortgage-backed bonds in the domestic market after failing to refinance A$6.18 billion ($5 billion) of short-term debt in the U.S. this month. The Sydney ...
2007-08-27 12:55:00 -
DBS to inject emergency funds into CDO instrument
International Herald Tribune - Rams Home Loans Group in Australia said it would try to sell more mortgage-backed bonds in the domestic market after failing to refinance 6.18 billion Australian dollars of short-term debt in the United States this month, Bloomberg News reported from ...
2007-08-28 11:34:00 -
House prices suffer worst fall in index history
Boston Globe - National Home Price Index fell 3.2 percent to 183.89 last quarter from the same period in 2006, its sharpest decline in ... that the economy may head toward recession as homeowners with little equity in their properties are unable to refinance ...
2007-08-28 11:20:00 -
U.S. Congress split on solution to subprime crisis
International Herald Tribune - More ominously, falling real estate prices and a pullback among mortgage lenders are expected to make it more difficult for overstretched home buyers to refinance their way out of trouble or simply sell their houses. "This is really just the beginning ...
2007-08-28 09:37:00 -
Consumer Confidence Down in August
Baltimore Sun - Lenders have tightened credit standards making it harder for potential home buyers to obtain a loan and for homeowners with shaky credit to refinance. The problems seeped into the broader market as the value of investments backed by mortgages ...
2007-08-28 07:45:00 -
Ex-American Home Mortgage manager going to prison
Newsday - In the American Home case, Partow, 41, helped a client refinance his home in 2006. Despite the client having provided accurate information about his income, Partow listed the income as $20,000 per month -- "an amount that significantly overstated ...
2007-08-28 07:31:00 -
U.S. home prices post steep 2Q decline (Baltimore Sun)
Consumer confidence wanes in August as volatile financial markets take a toll Consumer confidence weakened in August as Americans focused on turbulent financial markets, a decline in home prices and tighter credit standards.
2007-08-28 04:02:22 -
See-sawing home values stun some Tulalip owners (Everett Herald)
TULALIP — Bonnie Puhrmann paid $130,000 in November for a home with an airy main floor, a large deck and windows that stretch wide enough to offer a view of every boat in Tulalip Bay.
2007-08-28 03:20:47 -
Habitat For Humanity Volunteer Getting Home Of Her Own (WFTV 9 Orlando)
SEMINOLE COUNTY, Fla. -- Tuesday marked the beginning of a new start for one Seminole County woman. Elisabeth Prescott joined in with several Habitat for Humanity volunteers at the groundbreaking of her new home.
2007-08-28 05:07:08 -
Pet Snake's Heat Lamp May Have Sparked Home Blaze (KMGH 7 Denver)
Investigators said a heat lamp for a pet snake may have sparked a fire that heavily damaged a home here and killed the snake.
2007-08-28 07:58:02 -
ISU Offers Free CyRides At Home Football Games (KCCI 8 Des Moines)
Iowa State University announces that it plans to offer a free CyRide shuttle rides from central campus to the Iowa State Center at each home football game.
2007-08-28 11:58:26 -
Ex-American Home Mortgage manager going to prison (Newsday)
A former American Home Mortgage branch manager in Alaska who had fled overseas to escape arrest was sentenced Monday to serve more than two years in prison.
2007-08-28 06:16:31 -
U.S. home prices fall a record 3.2%, Case-Shiller says (Market Watch)
WASHINGTON (MarketWatch) -- U.S. home prices fell at a faster rate in the second quarter, down 3.2% compared with the same period in 2006, Standard & Poor's reported Tuesday.
2007-08-28 01:20:28