Mortgage and Financial News From 2007-9-12 Page 13

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  • US GSE mortgage bond sales soared to record in Aug

    Reuters - NEW YORK, Sept 12 (Reuters) - Issuance of mortgage bonds from Fannie Mae, Freddie Mac and Ginnie Mae hit record levels last month as U.S. residential lenders found they had no where else to go, according to data from UBS Securities. Net sales of ...
    2007-09-12 10:11:00

  • FTC Probes Mortgage Lenders' Ads on Loans

    NPR News - Morning Edition , September 12, 2007 · Investigating how significant a role advertisement played in the recent mortgage crisis, a government agency warned hundreds of mortgage brokers and lenders as well as media outlets about deceiving the public ...
    2007-09-12 09:50:00

  • L2C Customizes Link2Credit Score for Mortgage Industry (Business Wire via Yahoo! Finance)

    ATLANTA----L2C, a consumer credit scoring company specializing in helping banks, credit card companies and other lenders reach the underbanked market, announced the release of a new, specialized version of its Link2Credit Score for the mortgage industry.
    2007-09-12 06:00:00

  • FTC gives warning about mortgage ads (The State)

    The Federal Trade Commission has warned more than 200 companies about “potentially deceptive” mortgage advertisements that could give borrowers a false impression of home loan costs. The FTC declined to make available a list of mortgage brokers, lenders and media outlets warned because the commission has not concluded the companies are breaking the law. Some ads, the FTC said, highlighted ...
    2007-09-12 05:45:04

  • Mortgage Rates Rise As Banks Struggle (The Motley Fool)

    Life's about to get harder for homeowners as mortgage lenders up their rates in response to the worldwide credit crunch!
    2007-09-12 08:56:46

  • FTC warns mortgage lenders to tell the truth in advertising (Tacoma News Tribune)

    WASHINGTON – The Federal Trade Commission has warned more than 200 companies about “potentially deceptive” mortgage advertisements that could give borrowers a false impression of the cost of home loans.
    2007-09-12 01:22:55

  • Hudson City Quality Ranks in Top One Percent Among Largest Mortgage Lenders (PR Newswire via Yahoo! Finance)

    According to a new study, Hudson City Bancorp, Inc. , the largest savings bank headquartered in New Jersey and the third largest thrift in the United States, was rated among the top three lenders, nationwide, for conservative mortgage underwriting standards.
    2007-09-12 07:33:00

  • Paulson Discusses Credit Turbulence With Top Mortgage Lenders (Nasdaq)

    (RTTNews) - U.S. Treasury secretary Henry Paulson met with CEOs from several top mortgage lenders Wednesday to discuss lingering problems in the U.S. housing and lending markets.
    2007-09-12 08:25:31

  • Stocks Trade Modestly Higher But Investors Remain Cautious

    CNBC - Stocks traded modestly higher as investors largely anticipated an interest rate cut is imminent, but uncertainty kept buying in check. "We're going nowhere because no one really knows what to expect of the Fed  or how Congress will act in regard to ...
    2007-09-12 08:24:00

  • Three-Month Pound Libor Rate Stays at Nine-Year High (Update1)

    Bloomberg - The overnight dollar rate fell 11 basis points to 5.18 percent, its fifth straight decline, as investors raised bets the Fed will cut the benchmark interest rate half a percentage point to 4.75 percent next week. ``Overnight dollar rates are ...
    2007-09-12 05:39:00

  • ECB longer-term refi average rate 4.52 pct; marginal rate 4.35

    Forbes - FRANKFURT (Thomson Financial) - The European Central Bank said the weighted average interest rate on accepted bids at today's longer-term refinancing operation was 4.52 pct. The marginal rate -- the lowest rate at which bids were accepted -- was 4.35 ...
    2007-09-12 03:38:00

  • Stocks Gain on Hopes for Interest Rate Cut

    The Ledger - NEW YORK | Wall Street rose sharply Tuesday as investors grew more confident that the Federal Reserve will lower interest rates next week, even after its chairman gave no clues about the central bank's intentions. The Dow Jones industrials rose 180 ...
    2007-09-12 02:55:00

  • Consumers happy despite interest rates

    News.com.au - Since 2002, Australians have been hit with nine interest rate rises. Financial markets are currently anticipating another rise in interest rates as soon as August. "Some rebound in the index was very likely, given that the first response to rate ...
    2007-09-12 08:10:00

  • U.S. Treasuries Rise; Credit Drought Fuels Rate Cut Expectation

    Bloomberg - Sept. 12 (Bloomberg) -- U.S. Treasury notes rose on speculation lenders will refuse to provide credit to companies hurt by subprime mortgage losses, fueling expectations the Federal Reserve will cut interest rates next week. Treasuries were also ...
    2007-09-12 05:39:00

  • Canada's Dollar Approaches 30-Year High on Rate Outlook, Oil

    Bloomberg - The Canadian dollar benefited from general U.S. dollar weakness,'' said Matthew Strauss, senior currency strategist at RBC Capital Markets in Toronto. ``The interest-rate differential is favoring the Canadian dollar.'' Canada's dollar rose ...
    2007-09-12 08:31:00

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