Mortgage and Financial News From 2007-11-16 Page 14

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• London shares close down, Alliance & Leicester drops; NY edges lower ...

  Forbes - Back in London, financials suffered, with UK mortgage lender Alliance & Leicester ... close, Virgin showed its hand, as its formal proposal to recapitalise and refinance ... The content on this site, including news, quotes, data and other information, is ...
  2007-11-16 09:27:00

• Future mortgage resets could fuel continued drop in home prices - S&P

  Forbes - ... said there isn't one solution to fix the reset mess and the best choice for individual borrowers is to refinance their ARM mortgage ... The content on this site, including news, quotes, data and other information, is provided by AFX News and its third ...
  2007-11-16 09:34:00

• Traders wary of Fannie Mae's new mortgage math

  MSNBC - ... Mae executives on Friday defended a change in the way the mortgage ... what proportion of high-risk mortgages it is able to refinance into fixed-rate loans and save from default. “The problem is that we don’t have the underlying information,” said ...
  2007-11-16 10:25:00

• Virgin, Olivant file proposals for Northern Rock (Market Watch)

  (Updates with details of Olivant Proposal). LONDON (MarketWatch) -- Olivant Advisers, an independent investment group, said Friday that it is submitting a detailed proposal to the board of credit-crunch casualty Northern Rock PLC (NRK.LN). Moments earlier, a consortium led by Virgin Group said that it had lodged a formal proposal to recapitalize and refinance the struggling U.K. mortgage bank as ...
  2007-11-16 10:01:11

• Traders wary of Fannie Mae's mortgage math (MSNBC)

  Fannie Mae executives on Friday defended a change in the way the mortgage finance company calculates losses on home loans, responding to analysts’ concerns as its stock price fell.
  2007-11-16 10:49:52

• Your Guide to VA Loans: How to Cut Through the Red Tape and Get Your ...

  Newsday - He also explains how the economy and politics can affect interest rates. As is true with all mortgage programs, one size does not fit all; some veterans may benefit from a traditional one, which is also discussed. Though the topic of mortgages is dry ...
  2007-11-16 07:40:00

• Saturday Workshop Aimed at Struggling Homeowners

  KYW News radio - There's a lot of predatory lending stuff going on, mortgage rates are jumping dramatically with these balloon payments and these old rates and old programs that were renegotiated. There are ways to protect from losing their home." Hughes says his Home ...
  2007-11-16 09:34:00

• 30-year mortgage rates unchanged

  Raleigh News & Observer - WASHINGTON - Rates on 30-year mortgages were unchanged this week after posting three consecutive declines. Freddie Mac, the mortgage company, reported that 30-year, fixed-rate mortgages remained at 6.24 percent, the same as last week. That is the ...
  2007-11-15 11:55:00

• Stocks waver amid consumer worries

  MSNBC - Stocks have fallen in six of the past seven sessions as investors have fretted about whether consumers would succumb to higher energy costs, rising mortgage costs and a faltering dollar. Continuing credit turmoil has also stirred concerns about the ...
  2007-11-16 09:56:00

• Stocks Turn Higher Following Down Days

  Newsday - Stocks have fallen in six of the past seven sessions as investors have fretted about whether consumers would succumb to higher energy costs, rising mortgage costs and an anemic dollar. Continuing credit turmoil has also stirred concerns about the ...
  2007-11-16 09:56:00

• Paulson expects more mortgage woes

  CNN Money - The dollar has suffered in past months, as losses in the U.S. mortgage industry have led the U.S. Federal Reserve to cut interest rates to protect economic growth. Paulson said subprime mortgage losses, from loans made to people with weak or short ...
  2007-11-16 05:02:00

• Luminent Mortgage Capital, Inc. Schedules Conference Call to

  MSN MoneyCentral - ... performance to differ materially from the results expressed or implied by its forward-looking statements, including, without limitation, the possibilities that interest rates may change, that principal payment rates may change, that mortgage ...
  2007-11-16 09:42:00

• Credit squeeze forces rate rise

  BBC News - Borrowers have been warned that they could face higher mortgage rates amid signs that lenders are feeling the effects of the global credit crunch. Standard Life is the first mainstream lender to increase its mortgage rates despite the Bank of England ...
  2007-11-16 05:38:00

• Va. Panel To Tackle Mortgage Defaults Kaine Responds To State Surge In ...

  Washington Post - Many of Virginia's working families are facing significant difficulty as mortgage rates adjust," said Kaine, who made the announcement while speaking at a housing conference in Roanoke . "My goal is to have policies in place that will help Virginians ...
  2007-11-16 05:17:00

• 30-year mortgage rates unchanged (Contra Costa Times)

  WASHINGTON -- Rates on 30-year mortgages were unchanged this week after posting three consecutive declines. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages remained at 6.
  2007-11-16 03:34:32

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