Mortgage and Financial News From 2007-9-12 Page 01

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  • AP Business NewsBrief at 12:47 a.m. EDT

    CNBC - Mortgage Rejection Rates Higher in 2006 news://newsclip.ap.org/D8RK6ITG0@news.ap.org WASHINGTON (AP) _ Applicants for home mortgages were turned down for loans at a slightly higher rate in 2006 than the previous year and significant disparities ...
    2007-09-12 09:46:00
  • Minorities likelier to get costly loans, Fed report says

    Dallas Morning News - The study was based on data provided to the government by lenders under the Home Mortgage Disclosure Act. It comes a month after concerns over rising mortgage default rates sparked instability in financial markets worldwide. Worries centered on ...
    2007-09-12 09:10:00
  • Owning a home became more expensive in second quarter, RBC report says

    Canada East - Factors that could be contributing to the increase in the home ownership rate include lower mortgage rates and the attractiveness of home ownership as an investment," Rea said. "Information from the 2005 Survey of Financial Security shows that the ...
    2007-09-12 03:55:00
  • A market tonic?

    Boston Online - Earlier this week a survey of mortgage brokers by market research firm Campbell Communications found that one-third of pending home purchases in August failed to close, for loan-related issues and other matters. Mortgage rates have dropped in recent ...
    2007-09-12 04:59:00
  • Hedge Funds Lost 1.3 Percent in August

    US News and World Report - More letters are expected as hedge funds - especially those that invest heavily in illiquid or high-risk assets like mortgage ... With the Federal Reserve expected to cut interest rates next week, there has been some optimism that the markets will soon ...
    2007-09-12 03:55:00
  • Home-Loan Report Portends More Pain

    Wall Street Journal - The study by the Federal Reserve, based on data collected each year under the Home Mortgage Disclosure Act, found that the percentage of U.S. mortgages carrying high interest rates (generally, subprime loans) climbed to about 29% last year from 26 ...
    2007-09-12 07:44:00
  • Hotel bargains hard to find

    St. Petersburg Times - With flagging home construction and subprime mortgage problems threatening the economy, Satterfield agreed. The owners froze rates for 2008 at the hotel, where daily prices range from $349 for a beachfront suite in spring season to $129 for a room ...
    2007-09-12 09:10:00
  • Mortgage rejection rates higher in 2006 (KATC 3 Lafayette)

    Associated Press - September 12, 2007 11:23 PM ET WASHINGTON (AP) - A government report finds it still matters who the Joneses are when it comes to borrowing money to buy a home.
    2007-09-12 08:37:36
  • Mortgage rejection rates higher in 2006 (AP via Yahoo! News)

    Applicants for home mortgages were turned down for loans at a slightly higher rate in 2006 than the previous year and significant disparities continued to exist between white applicants and minority applicants, the government reported Wednesday.
    2007-09-12 03:32:35
  • Home ownership in Canada more costly, study says (Reuters via Yahoo! News)

    Home ownership became more costly across Canada in the second quarter as housing prices, mortgage rates, utilities and taxes all bit into buyers' budgets, a study released on Wednesday said.
    2007-09-12 08:37:26
  • Mortgage rejection rates higher in 2006 (KPLC)

    WASHINGTON (AP) - A government report finds it still matters who the Joneses are when it comes to borrowing money to buy a home. The report by the Federal Reserve and other regulators shows significant disparities continue to exist between white mortgage loan applicants and minority applicants.
    2007-09-12 08:40:59
  • Boom turning to gloom as house prices begin to show signs of falling

    Guardian Unlimited - ... to gloom as house prices begin to show signs of falling · High interest rates ... to the market because it canvasses estate agents rather than recording mortgage ... As yesterday's figures show, unemployment has fallen to its lowest for two years. ...
    2007-09-12 05:57:00
  • US dollar hits record lows

    Financial Times - ... raised expectations that the Federal Reserve would move to lower US interest rates ... its value against a basket of six leading currencies, fell to 79.404, its lowest ... in US employment in four years – evidence that problems in the country’s mortgage ...
    2007-09-12 12:34:00
  • House prices are 'starting to fall'

    Daily Telegraph - The bank said earlier this week that mortgage rates had soared to their highest levels in nine years. However, there were signs ... the number claiming benefits fell by 4,200 to 852,900 in August, taking the unemployment rate to 2.6pc - its lowest level ...
    2007-09-12 05:57:00
  • BMO leads way linking mortgage, service charges

    Edmonton Journal - Since 1981, mortgage rates have been on a general downward trend, reaching their lowest levels in four decades a couple of years ago. Homeowners learned that during such times they are better off having a variable mortgage rate or short-term fixed ...
    2007-09-12 01:29:00