Mortgage and Financial News From 2007-9-27 Page 19

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• Deal Me In

  The Ledger - He admitted the trade has its share of bad apples. But he maintained his company and most dealers fill an important market niche by selling cars to people with problematic credit histories ... here model because of the turmoil in the subprime mortgage ...
  2007-09-27 03:34:00

• Dollar Hits New Low vs. Euro for Sixth Straight Day

  CNBC - ... worried that the euro zone economy may be hit by the U.S. subprime mortgage mess and global credit crunch. "The Fed's rate cuts and a weaker dollar may act to prevent the (U.S.) economy suffering too much, which ironically given the extent of bad news ...
  2007-09-27 03:05:00

• Sub-prime mortgage crisis is real, but this too shall pass

  Des Plaines Times - ... caused by the fallout of the sub-prime mortgage market. Everybody, I'm sure, has heard or read at least a little bit about it: In the past five years there were lots of loans made, in good faith and bad ... for everybody, even those with stellar credit ...
  2007-09-27 01:25:00

• KB Home Reports Loss, Says Housing Will `Worsen' (Update4)

  Bloomberg - The business risk for homebuilders is high and rising because of all the bad news out there,'' said ... exacerbated as fallout from rising defaults on U.S. home loans to people with poor or limited credit histories has reduced demand for mortgage ...
  2007-09-27 07:37:00

• U.S. economic growth revised down slightly

  MSNBC - It suggests the economy is still doing well outside of housing and it suggests that the bad ... Growth is expected to slow because credit problems that originated in subprime mortgage markets are expected to make consumers more reluctant to ...
  2007-09-27 06:26:00

• GDP growth revised down, job market strong

  Reuters - It suggests the economy is still doing well outside of housing and it suggests that the bad ... Growth is expected to slow because credit problems that originated in subprime mortgage markets are expected to make consumers more reluctant to ...
  2007-09-27 06:55:00

• Put your money in the bank, public advised

  Ashburton Guardian - Students should leave school with the ability to budget and knowing the difference between good debt (a mortgage on a house) and bad debt (loading the credit card for a trip to Fiji). “A 17-year-old can learn calculus and foreign languages, so they ...
  2007-09-27 04:39:00

• Economy rebounds at a 3.8 percent pace

  Minneapolis Star Tribune - ... The economy rebounded with a good head of steam in the spring before a credit ... A meltdown in the mortgage market has made it harder for people to get financing to ... Punto will not use injury as an excuse From this point of view, design was a bad ...
  2007-09-27 05:43:00

• Credit Suisse to Cut 150 Jobs on Subprime Fallout (Update1)

  Bloomberg - Rising defaults in subprime mortgages, made to borrowers with bad or incomplete credit histories, wiped out demand for mortgage-backed securities, stopping the flow of money to lenders. The growing defaults increased the cost of borrowing for all but ...
  2007-09-24 05:57:00

• Credit Suisse to cut 150 jobs (International Herald Tribune)

  The layoffs will come almost entirely from the bank's mortgage-backed securities unit.
  2007-09-26 11:42:56

• HBOS Boosted By British Mortgage Woes (Forbes)

  Britain's largest mortgage lender is the main beneficiary of Northern Rock's woes.
  2007-09-26 03:25:05

• European stocks gain on US rate cut prospects

  News.com.au - EUROPEAN stock exchanges sprinted ahead overnight on speculation for further cuts in US interest rates and as ... 6. Reverse mortgages into top gear 7. 20,000 attend IR rally in central Melbourne 8. St George ATMs to appear in BP stations 9. Dollar ...
  2007-09-26 02:55:00

• US stocks higher on banking rumours

  News.com.au - US stocks revved higher overnight as General Motors reached an agreement to end a workers' strike, and reports about ... 6. BHP Billiton ups Olympic Dam resources 7. US stocks higher on banking rumours 8. Reverse mortgages into top gear 9. BHP boss takes ...
  2007-09-26 03:10:00

• Banks and gold push market to record

  News.com.au - TRADING banks and gold stocks have kept the Australian market in record territory despite investors moving in to ... 6. BHP Billiton ups Olympic Dam resources 7. US stocks higher on banking rumours 8. Reverse mortgages into top gear 9. BHP boss takes ...
  2007-09-26 03:17:00

• Reverse mortgages not thicker than blood

  Financial Standard - Parents who use a reverse mortgage to lend funds to their children could face losing part of their pension on a technicality, said Louise Biti, head of technical services at Asteron. “Children in a great deal of debt may place pressure on their ...
  2007-09-25 06:53:00

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