Mortgage and Financial News From 2007-8-30 Page 16

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  • Philippine central bank says strong GDP growth, low CPI support ...

    CNBC - ... bank chief said Thursday the domestic economy's sustained expansion combined with low inflation supports its current ... The central bank left its key interest rates steady after its policy-setting meeting last Thursday, six weeks after implementing ...
    2007-08-30 07:54:00

  • BoJ's Mizuno says US Fed rate cut won't necessarily stop BoJ rate hike

    CNBC - I believe the current interest rates are much lower than what can be called a neutral rate," he said. At the same time he warned that if signs emerge that the subprime mortgage troubles are spreading into the wider US economy, it may prompt him to re ...
    2007-08-30 09:06:00

  • House price slowdown casts doubts on 6% rates

    Times Online - Nationwide said there had been a collapse in new buyer enquiries and that, given the current turmoil in financial markets ... The expected slowing results from three factors, weaker affordability, the effect of higher interest rates, and lower house ...
    2007-08-30 08:16:00

  • Polish central banker Noga says growth data confirm price pressure on ...

    CNBC - Data in the second-quarter confirm the inflation pressure is growing and the current level of interest rates is not sufficient to stop it," Noga told Thomson Financial News in a telephone interview, adding he saw inflation rising to 2.9-3.0 pct in ...
    2007-08-30 09:06:00

  • ANZ warns on mortgage rates (AAP via Yahoo!Xtra News)

    ANZ Banking Group has warned turmoil on world markets and the higher cost of credit may culminate in higher mortgage rates.
    2007-08-30 07:46:31

  • UPDATE 2-IndyMac to hire up to 850 ex-American Home workers

    Reuters - NEW YORK, Aug 28 (Reuters) - IndyMac Bancorp Inc (IMB.N: Quote , Profile , Research ), the ninth-largest U.S. mortgage lender, said on Tuesday it expects to hire as many as 850 former employees of bankrupt rival American Home Mortgage Investment Corp ...
    2007-08-28 08:14:00

  • American Home Mortgage Investment Reveals Bankruptcy Court Approval Of ...

    RTT News - 8/29/2007 6:20:43 PM American Home Mortgage Investment Corp. (AHMIQ.PK) announced that the U.S. Bankruptcy Court for the District of Delaware has approved sale procedures for certain loans owned by Broadhollow Funding, LLC and Melville Funding, LLC ...
    2007-08-29 09:17:00

  • Bank hires laid-off lenders

    Whittier Daily News - PASADENA - Indymac Bank has hired more than 600 former American Home Mortgage Investment Corp. employees who were recently let go by that company. The new employees specialize in prime conforming, FHA/VA loans and other single-family mortgage ...
    2007-08-30 06:42:00

  • District Sues Mortgage Company Based in Prince George's County

    Washington Post - The D.C. attorney general filed a lawsuit yesterday against Metropolitan Money Store Corp., hoping to recover lost home equity and prevent foreclosure for city residents who dealt with the Prince George's County -based mortgage company. The complaint ...
    2007-08-30 05:09:00

  • Turmoil in mortgage market hits renters in the wallet

    USA Today - As the credit crunch shakes up the mortgage market, one group that's suffering some severe collateral damage doesn't own a home at all: renters. Already, one in four renters are paying more than half their income on rent — the highest level in at ...
    2007-08-30 04:12:00

  • New mortgage rules sought

    Observer-Reporter - The meeting, held at the Belle Vernon Holiday Inn, was to present proposed regulations that aim to improve oversight of home mortgage lenders on such things as fuller disclosure of terms and ensuring that borrowers understand and can afford the loans ...
    2007-08-30 07:18:00

  • CIT will end home mortgage operation (The Record)

    CIT Group Inc., the nation's largest independent commercial-finance company, said Tuesday it will close its Livingston-based home-lending unit and eliminate 550 jobs around the country within the next 30 to 60 days.
    2007-08-29 11:20:03

  • Bankrupt American Home to sell $1.62 bln mortgages (Reuters via Yahoo! News)

    Bankrupt home loan provider American Home Mortgage Investment Corp said on Wednesday a federal bankruptcy judge has authorized the auction by two affiliates of 5,700 mortgage loans with an unpaid principal balance of about $1.62 billion.
    2007-08-29 10:14:09

  • District Sues Mortgage Company Based in Prince George's County (Washington Post)

    The D.C. attorney general filed a lawsuit yesterday against Metropolitan Money Store Corp., hoping to recover lost home equity and prevent foreclosure for city residents who dealt with the Prince George's County-based mortgage company.
    2007-08-30 03:26:12

  • Turmoil in mortgage market hits renters in the wallet (USA Today)

    As the credit crunch shakes up the mortgage market, one group that's suffering some severe collateral damage doesn't own a home at all: renters. Rents are projected to rise about 4% this year and next.
    2007-08-30 04:35:15

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