Mortgage and Financial News From 2008-2-21 Page 14

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  • U.K. Lords Constrain Brown on Northern Rock Nationalization (Bloomberg.com)

    Feb. 21 (Bloomberg) -- The House of Lords moved to constrain efforts to nationalize Northern Rock Plc, ordering the U.K. competition authorities to make an annual review of whether the bank is undermining rivals by abusing state support.
    2008-02-21 09:51:33

  • Fitch Downgrades 2 Classes of SBMS VII 2000-C2 (Centre Daily Times)

    Fitch Ratings downgrades Salomon Brothers Mortgage Securities (SBMS) VII, Inc., series 2000-C2 as follows:
    2008-02-21 09:55:47

  • A Free Credit Check that Doesn't Decrease Your Credit Score (Richfield Reaper)

    (ARA) - There are a lot of numbers that are important in life, but none quite as influential as your credit score. Having a high credit rating can give you better interest rates on credit cards, car loans and even your mortgage.
    2008-02-21 09:56:01

  • Sector Snap: Homebuilders mostly rise

    Boston Globe - ... applications for building permits, a signal of where construction is headed, fell to the lowest level since November 1991. Also, the Mortgage Bankers Association said mortgage application volume tumbled 22.6 percent last week as most interest rates ...
    2008-02-20 11:37:00

  • New lull shows housing may not have reached bottom

    USA Today - Construction starts on single-family homes declined 5.2% to a 743,000 annual rate, the lowest since January ... Separately, mortgage application volume tumbled 22.6% during the week ended Feb. 15 as most interest rates rose, according to the Mortgage ...
    2008-02-19 03:56:00

  • Need to know

    Times Online - US mortgage applications fell last week and demand hit its lowest level since the start of the year as interest rates surged. The Mortgage Bankers Association said its index of mortgage applications fell by 22.6 per cent last week, after a 2.1 per ...
    2008-02-20 04:02:00

  • Bond Traders Shrug Off Inflation Fears, Move to Safety

    CNBC - Earlier news from a mortgage industry group that mortgage applications plunged last week, and that demand hit the lowest level since the start of the year as interest rates surged, had little market impact as it only bore out the widely accepted view ...
    2008-02-20 07:12:00

  • Soaring prices threaten economy

    Boston Globe - Mortgage and other borrowing rates climbed, causing a deep recession in the early 1980s. ... That would be the lowest rate in three years. "Right now, the Fed can't abandon the weak economy and problems in ...
    2008-02-21 03:00:00

  • Ten-Year Notes Rise, Reducing Yield Difference to Eight-Day Low

    Bloomberg - Some foresaw raising rates, possibly at a ``rapid'' pace, once the economy recovers ... between two- and 10- year notes narrowed to 171 basis points today, the lowest ... risk to bail out investment funds crippled by the collapse of the subprime-mortgage ...
    2008-02-21 06:06:00

  • WRAPUP 4-U.S. inflation gathers steam, housing slides

    Forbes - In more dour housing news, U.S. mortgage applications plunged last week, with loan demand hitting the lowest since the start of the year as interest rates surged, according to the Mortgage Bankers Association. (Additional reporting by Mark ...
    2008-02-20 01:38:00

  • Market falls on inflation, drop in telecoms

    CNBC - Adding to economic jitters, demand for mortgages last week hit the lowest level since the start of the year as interest rates surged, according to the Mortgage Bankers Association.
    2008-02-20 08:02:00

  • Gold Futures Rise to Record $955.50 on Inflation Concerns

    Bloomberg - ... in 25 years and billions of dollars in writedowns related to the collapse of subprime- mortgage debt spurred the Fed in September to begin cutting rates ... the yen, euro and pound and three other major currencies, fell to 74.484 on Nov. 23, the lowest ...
    2008-02-21 08:22:00

  • U.S. MBA's Mortgage Applications Index Declined 23% Last Week

    Bloomberg - ... 20 (Bloomberg) -- Mortgage applications in the U.S. dropped by the most in more than four years as the highest mortgage rates in ... The purchase index fell to 357.6, the lowest level since April 25, 2003, from 403.9.
    2008-02-20 04:42:00

  • Enterprise Expands Loan Products to Finance Housing and Healthcare ...

    Forbes - ... and refinances -- Fannie Mae DUS Bond Credit Enhancement - Fixed and Variable Rates -- Targeted Extended Amortization Mortgage (TEAM ... communities and help transform the lives of low-income Americans, particularly those at the lowest ...
    2008-02-21 08:22:00

  • Market set to fall on inflation data

    Washington Post - Adding to economic jitters, demand for mortgages last week hit the lowest level since the start of the year as interest rates surged, according to the Mortgage Bankers Association.
    2008-02-20 06:29:00

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