Mortgage and Financial News From 2007-10-30 Page 7

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  • GHB offers 3.75% mortgage rate (Bangkok Post)

    The Government Housing Bank (GHB) will reduce the annual interest rate on its three-year fixed mortgages from 5.50% to 3.75% tomorrow for the first six months of payments, president Khan Prachuabmoh said yesterday.
    2007-10-30 12:07:48

  • Stocks Drop On Weak Confidence, Home Prices

    BusinessWeek - Data showing another slump in U.S. home prices also took some wind out of investor optimism. On Tuesday, the ... Earnings Paid Monthly, $25K Min. House Payments Fall Again $180,000 Mortgage for $999/Mo. See Rates - No Credit Check Required! Click Here ...
    2007-10-30 08:10:00

  • Investors losing faith in housing

    New Zealand Herald - But with the great majority of home loans now on fixed rates, many borrowers still face increases in their mortgage payments as they come up for an interest rate reset. Fixed-term rates are already about 1 percentage point higher than they were at the ...
    2007-10-30 02:58:00

  • Stocks struggle ahead of Fed

    CNN Money - The Fed cut rates last month by a half-percentage point in an attempt to both ... Separately, the S&P/Case-Shiller housing index showed U.S. home prices fell in ... after the brokerage said it lost $8 billion in the third quarter due to bad mortgage ...
    2007-10-30 02:01:00

  • Bankruptcy reform can stem foreclosures, panel told

    Reuters - ... credit cards or auto payments, but not home loans. CRITICS SAY RATES WOULD RISE Congressional critics of the plan say giving bankruptcy judges the power to tinker with home loans will scare off investors who otherwise might invest in the mortgage ...
    2007-10-30 03:05:00

  • U.S. home price drop worst since June '91, S & P says

    Los Angeles Times - Home prices are likely to register a record 7 percent year-over-year drop by December, according to economists at Goldman Sachs Group Inc. Such declines would have to be paired with 0.5 to 1 percentage point drops in mortgage rates to boost ...
    2007-10-30 11:09:00

  • UBS Reports SF830 Million Loss on Debt Writedowns (Update5)

    Bloomberg - ... quarterly loss in almost five years after declines in the U.S. subprime mortgage ... He rates the shares ``buy.'' Writedowns on subprime assets held by the ... Home Prices in U.S. Dropped a Record 4.4 Percent in Past Year, Survey Says ...
    2007-10-30 07:56:00

  • Real Estate Developer Convergent Acquisitions & Development, Inc's ...

    Forbes - Even as the majority of the country is experiencing a decrease in home prices, Charlotte home prices are increasing at significant rates," says ... Real Estate Slump and Mortgage Mess Creates Greatest Investor Opportunities in a Generation Charlotte ...
    2007-10-30 12:42:00

  • St George interest rate rise unlikely

    News.com.au - ST George Bank acting chief executive of Paul Fegan says it's "very unlikely" the bank will rise interest rates on its variable mortgage products by more than movements in the official cash rate. "In terms of home loans, we've seen, over time, fixed ...
    2007-10-30 04:10:00

  • Dollar Close to Record Low Versus Euro Before Fed Rate Decision

    Bloomberg - There's an idea that if the rates are lower, the dollar will weaken,'' said Walter ... to 4.75 percent, the first reduction since 2003, after losses from subprime mortgage ... Dollar Declines to Record Low After Consumer Confidence, Home Prices Fall ...
    2007-10-30 02:15:00

  • Fitch Rates GSAA Home Equity Trust $168.94MM Series 2007-10

    Forbes - Fitch rates GSAA Home Equity Trust's residential mortgage pass-through certificates, series 2007-10, as follows: --$158,139,976 classes A1A, A1B, A2A, A2B, A-PO, A-IO (senior certificates) 'AAA'; --$4,852,000 class B-1 'AA'; --$2,554,000 class B-2 ...
    2007-10-30 02:58:00

  • Bereaved family to get new home (Detroit Free Press)

    Fighting back tears, Oakland County Executive L. Brooks Patterson today announced plans to help a family that lost two sons in a Septemeber car crash to move into a mortgage-free home.
    2007-10-30 10:03:16

  • Fitch Rates CWMBS $443.7MM Mtge P-T Ctfs Series 2007-19 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates CWMBS, Inc.'s mortgage pass-through certificates, CHL Mortgage Pass-Through Trust 2007-19 as follows:
    2007-10-30 01:42:00

  • Fitch Rates SARM Trust $503.5MM Mortgage Pass-Through Ctfs, Series 2007-10 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates Structured Adjustable Rate Mortgage Loan Trust's $503.5 million mortgage pass-through certificates, series 2007-10, which closed Oct. 30, 2007, as follows:
    2007-10-30 02:01:00

  • Fitch Rates GSAA Home Equity Trust $168.94MM Series 2007-10 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates GSAA Home Equity Trust's residential mortgage pass-through certificates, series 2007-10, as follows:
    2007-10-30 02:51:00

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