Mortgage and Financial News From 2007-9-27 Page 15

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  • LOGS Network Chooses CSC's Mortgage Default Management Software

    MSN MoneyCentral - Home Retention Assistance Business Group to Use EarlyResolution for Loss Mitigation EL SEGUNDO, Calif., Sept. 27 /PRNewswire/ -- Computer Sciences Corporation CSC today announced that LOGS Network, a national group of commonly owned and centrally ...
    2007-09-27 05:00:00

  • China Raises Mortgage Interest Rates, Down Payments (Update1)

    Bloomberg - Chairman Guo Shuqing said this week the company, which controls about 22 percent of the nation's home-loan market, has reduced real-estate loans in areas where property prices have risen ``too much.'' Outstanding mortgage loans in China rose ...
    2007-09-27 12:02:00

  • KB Home Reports Loss, Says Housing Market Will Worsen (Update6)

    Bloomberg - The decline is being exacerbated as fallout from rising defaults on U.S. home loans to people with poor or limited credit histories has reduced demand for mortgage-backed securities, making it more difficult for buyers to get loans. New-home ...
    2007-09-27 09:46:00

  • Google's Stock Price Soars to New High

    US News and World Report - The latest run-up in Google's stock represents a turnaround from a little over a month ago when the shares briefly dipped below $500 amid the stock market turmoil triggered by a home mortgage meltdown that raised fears about a recession. Those worries ...
    2007-09-27 09:03:00

  • U.S. Commercial Paper Drop Slows After Fed Cuts Rates (Update3)

    Bloomberg - Three U.S. commercial paper issuers, units of American Home Mortgage Investment Corp., Luminent Mortgage Capital Inc., and Aladdin Capital Management LLC, exercised an option to delay repaying the debt, casting a pall over a market that's been ...
    2007-09-27 10:15:00

  • UPDATE 1-Rep. Barney Frank mulls mortgage reform - document

    Reuters - The Frank legislation would adopt some of the consumer-protection measures crafted by lending regulators in recent months, such as prohibiting some prepayment penalties on mortgage loans. Lenders may only offer home loans to borrowers who have a ...
    2007-09-27 11:41:00

  • Mortgage crash hits new home sales

    CNN Money - NEW YORK (CNNMoney.com) -- The mortgage bomb hit the demand for new homes even harder than expected in August, leaving the nation's builders with their weakest level of sales since the summer of 2000, when the nation was struggling with a stock ...
    2007-09-27 09:32:00

  • Foxtons may file for bankruptcy

    Newsday - ... gorilla of the 2 percent marketplace in the New York metropolitan area, said it may file for bankruptcy and close its business, explaining it "can't stand in the way of a hurricane" that has come about as a result of the decline in the home mortgage ...
    2007-09-27 12:09:00

  • Shares of mortgage lenders mixed following new-home sales report

    CNBC - NEW YORK - Shares of mortgage lenders were mixed Thursday after a report showed sales of new homes continued to slump last month. The Census Bureau reported sales of new houses tumbled to a seasonally adjusted annual rate of 795,000 in August, a drop ...
    2007-09-27 11:34:00

  • KB Home sales plunge as housing market worsens (Reuters via Yahoo! Singapore News)

    NEW YORK - KB Home on Thursday posted a loss on write-downs for land values, and revenue fell 32 percent, reflecting the swelling supply of homes and tighter standards in the mortgage market that kept potential buyers on the sidelines.
    2007-09-27 06:53:09

  • KB Home sales plunge as housing market worsens (Reuters via Yahoo! Malaysia News)

    NEW YORK - KB Home on Thursday posted a wider-than-expected quarterly loss on write-downs for land values, and revenue fell 32 percent as the swelling supply of homes and tighter mortgage standards kept potential buyers on the sidelines.
    2007-09-27 08:48:00

  • KB Home posts quarterly loss vs profit (Reuters via Yahoo! News)

    KB Home on Thursday posted a quarterly net loss versus a year-earlier profit, as the U.S. home market suffered a deepening decline in demand, a swelling supply of homes for sale and tighter standards in the mortgage market.
    2007-09-27 05:09:20

  • KB Home posts quarterly loss (Reuters via Yahoo! News)

    KB Home on Thursday posted a fiscal third quarter loss, as the U.S. home market suffered a deepening decline in demand, a swelling supply of homes for sale and tighter standards in the mortgage market.
    2007-09-27 06:28:54

  • Mortgage crash hits new home sales (CNN Money)

    The mortgage bomb hit the demand for new homes even harder than expected in August, leaving the nation's builders with their weakest level of sales since the summer of 2000, when the nation was struggling with a stock market collapse, rising interest rates and a looming recession.
    2007-09-27 07:10:42

  • Australians struggling with mounting debts, survey finds

    News.com.au - How quickly people forget! 18% interest rates under a labour government. I believe under the current world economic climate we have done well to curtail massive interest rate rises. yes they have risen but not too the point of the early 90's. As for ...
    2007-09-26 10:55:00

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