Mortgage and Financial News From 2007-9-12 Page 15

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  • Gold draws attention amid rate woes (Lexington Herald-Leader)

    With many on Wall Street straining to determine the Federal Reserve's next move, some investors who smell an impending interest rate cut aren't waiting around for the central bank. They've been pulling their money out of investments that might be hit by lower interest rates, including the dollar, and plowing it into gold. That hasty exit has created a mini gold rush, sending the price of gold ...
    2007-09-11 05:43:41

  • Housing takes big chunk of budgets

    Santa Rosa Press Democrat - Owning a home means paying down a car loan, giving up dinners out and other scrimping for Reyna and Richard Jackson. The Santa Rosa couple, who bought their first home this summer, spend nearly half of their income on their monthly mortgage payment ...
    2007-09-12 06:08:00

  • U.S. Stocks Retreat; Texas Instruments, H&R Block Decline

    Bloomberg - H&R Block Inc., the largest U.S. tax preparer, retreated on its plan to fire 575 workers in its money-losing subprime mortgage unit. Freeport- McMoRan Copper & Gold Inc. led miners lower as the price of gold dropped from a 16-month high. The ...
    2007-09-12 06:37:00

  • Fannie still pushing on investment limits--CEO

    Reuters - WASHINGTON, Sept 12 (Reuters) - Fannie Mae (FNM.N: Quote , Profile , Research ) is continuing to push its regulator to lift the mortgage finance company's investment limits so that it can buy more home loans and add stability to the market, Fannie's ...
    2007-09-12 07:12:00

  • Mortgage crunch keeps brokers from conference

    Nashville Tennessean - American Home Mortgage Investment Co., for example, closed many of its offices last month, including those in Tennessee, and filed for Chapter 11bankruptcy protection. Nationwide, at least 16 mortgage companies have filed for bankruptcy protection ...
    2007-09-12 05:54:00

  • Incomes do not keep pace with home values, adding to the housing ...

    CNBC - Nationally, the share increased from 21 percent to nearly 25 percent for homeowners with a mortgage. Many of the cities with large increases in home values were fast-growing cities or places with thriving economies. However, there were also large ...
    2007-09-12 05:39:00

  • Mortgage crisis, state home costs at opposite ends Indiana last in ...

    FortWayne.com - As the price of homes snowballed across the nation this decade, Hoosiers saw much more modest real estate gains, according to census figures released today. With the country now languishing in a home mortgage morass, the census numbers through July ...
    2007-09-12 02:55:00

  • Mortgage industry trade group to report weekly home loan data as ...

    CNBC - WASHINGTON - Investors on Wednesday will get an update on mortgage applications as the housing market continues to show weakness. The Mortgage Bankers Association is due to report its weekly index of home-loan application volume at 7 a.m. EDT. The ...
    2007-09-12 03:16:00

  • Hudson City Quality Ranks in Top One Percent Among Largest Mortgage ...

    Forbes - SMR looked at loan documents filed with county courthouses around the country and at loan data filed with the federal government to meet Home Loan and Mortgage Disclosure Act requirements. The lender's credit risk score was assigned based on a review ...
    2007-09-12 07:41:00

  • Eating at McDonald's to Pay the Mortgage

    ABC News - Sydney Lasry, a systems engineer, took a second job three years ago so he could afford to buy a $400,000 home in Severn, Md. His mortgage payment hasn't risen, but his property taxes have jumped by $1,000 since then, to $3,200 a year, and his home ...
    2007-09-12 07:41:00

  • U.S. MBA's Mortgage Applications Index Increased 5.5% (Update1) (Bloomberg.com)

    Sept. 12 (Bloomberg) -- Mortgage applications in the U.S. rose 5.5 percent last week, reflecting gains in both purchases and refinancing. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan rose to 657.4 from 622.9 the prior week.
    2007-09-12 05:48:52

  • Home loan demand rises as interest rates tumble (Washington Post)

    NEW YORK (Reuters) - Mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday.
    2007-09-12 05:48:32

  • Mortgage applications rise as rates tumble (USA Today)

    Mortgage applications rose for a second week as interest rates on home loans tumbled to their lowest since May, an industry group said Wednesday.
    2007-09-12 06:05:57

  • Manchester, Inc. Obtains Substantial Reduction in Cost of Operational ...

    Forbes - ... with respect to borrowings made to support ongoing operational costs of future acquisitions, as well as its current ... of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management ...
    2007-09-12 06:08:00

  • King signals no bailout for banks

    Reuters UK - ... of banks caught up in the credit crunch by cutting interest rates or flooding markets with cash unless the whole financial system was in danger. In a submission to parliament's Treasury Committee, Governor Mervyn King said the cause of the current ...
    2007-09-12 05:39:00

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