Mortgage and Financial News From 2007-11-3 Page 13
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Governor OKs new mortgage counseling
Chicago Tribune - ... has some requirements that affect all of Illinois; others apply only in Cook County. The statewide provisions take effect June 1 and require mortgage brokers to verify that borrowers can afford the full costs of a loan, including principal, interest ...
2007-11-02 11:51:00 -
Financials Taste The Pain
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... were pulling stocks lower, two days after the Federal Reserve cut interest rates ... in a Thursday note he expects another $10 billion in write-downs related to mortgage ...
2007-11-02 10:08:00 -
Northern Rock offers generous loans
Daily Telegraph - Northern Rock is still offering home buyers mortgages for up to five times their salary. However, some of its rates are now well behind its competitors as it seeks ... When approached for a first-time buyer's mortgage yesterday, Northern Rock stuck to a ...
2007-11-02 11:08:00 -
Investors Honing in on Economic Data
Associated Press - And, the Fed's inclination that it might not lower rates again this year sent the Dow Jones industrial average tumbling 1.5 ... sector, hit hard during the third quarter after taking massive write-downs from investments linked to the subprime mortgage ...
2007-11-02 11:08:00 -
Investment Banks Facing New Writedowns
Associated Press - Make Missoulian.com your home page Get Firefox! ... banks face $10 billion or more in writedowns this quarter from bad mortgage debt, and ... As those mortgages have gone into default at rising rates, the bonds have lost ...
2007-11-02 11:15:00 -
BOJ Leaves Rates Unchanged
Associated Press - Make Missoulian.com your home page Get Firefox! ... annual economic growth forecast by 0.3 percentage points and held interest rates ... said Japan's financial sector remained little affected by the U.S. subprime mortgage ...
2007-11-02 11:15:00