Mortgage and Financial News From 2007-10-18 Page 10

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  • Credit crunch hits mortgage options (Independent)

    The number of mortgage products available to British borrowers has fallen by 40 per cent over the past three months, it emerged yesterday, as lenders have tightened their criteria and withdrawn large numbers of riskier home-loan deals due to the global credit crisis.
    2007-10-18 04:37:36

  • Mortgage Bankers, Brokers at Odds (AP via Yahoo! Finance)

    Mortgage brokers are squaring off with bankers over efforts in Congress to impose stiffer regulations on the industry. The outcome of the long-running fight could help shape the future of a market battered by lax lending practices that have led to a surge in home loan defaults.
    2007-10-18 01:27:22

  • North Dakota: State Frees Up Mortgage Money for Post-Tornado Home Rebuilding (Canadian Business)

    BISMARCK, N.D. (AP) - State money normally reserved for first-time North Dakota home buyers will be available to Northwood residents who want to replace their tornado-damaged homes, a housing official says.
    2007-10-18 11:42:16

  • Lack of jumbo mortgage availability impacts East Bay home sales (bizjournals.com via Yahoo! Finance)

    New-home sales in the East Bay declined by more than 43 percent in September compared with a year ago, as tightened jumbo mortgage availability added to an ongoing housing market slowdown, according to a real estate information service.
    2007-10-18 01:46:03

  • UPDATE 1-Qualceram warns on Irish property slowdown impact

    Reuters UK - The fundamentals of demographics and employment remain strong in the Irish housing market despite the current downturn in demand for new houses," Qualceram said. "The rise in interest rates appears to have peaked in the UK and euro zone." Shares in ...
    2007-10-18 05:54:00

  • UPDATE 1-Europe business calls for euro zone fx move at G7

    Reuters - We urge you to defend the common European interest in an orderly adjustment of global exchange rates and current account balances at the next G7 meeting starting on 19 October," the letter said. Continued... © Reuters 2007. All Rights Reserved
    2007-10-18 06:22:00

  • Retail sales growth dents hopes of rate cut

    Guardian Unlimited - Mr Archer said he expected the Bank of England's monetary policy committee to begin cutting interest rates early next year. Separately, the ONS reported a public sector current budget deficit of £3.8bn last month and net borrowing of £6.9bn. The ...
    2007-10-18 04:35:00

  • Canada Afternoon: C$ Up Slightly After BOC Policy Report

    FXStreet.com - As it did when it left interest rates steady on Tuesday, the bank said it judges, "at this time, that the current level of the target for the overnight rate is consistent with achieving the inflation target over the medium term." The report said the ...
    2007-10-18 12:42:00

  • Europe's Central Bank is on the verge of harming the euro-zone

    Lebanon Daily Star - ... the moment is prevented from doing so), the steeper the consequent economic decline as the economy crumbles under the weight of the skyrocketing euro and interest rates that are too high for current economic realities. Remember, market interest rates ...
    2007-10-18 02:08:00

  • UPDATE 2-Japan main opposition wants to end stock tax breaks

    Reuters - Abolishing them will bring rates on capital gains and dividends back to 20 percent from the current 10 percent, which would equal taxation on interest rates from bank deposits and public and corporate bonds. "(The impact on the market) could happen ...
    2007-10-18 01:22:00

  • Canadians flock to the U.S. in record numbers

    Globe and Mail - Canadian retailers are greedy b-stards, and their current policy of maintaining ... retailers, restaurants etc were really gouging US customers with exchange rates ... People who believe otherwise are skewed by self interest, aka, greed. The rest of us ...
    2007-10-18 02:44:00

  • BancFirst Corporation Reports Third Quarter Earnings

    Forbes - ... Section 21E of the Securities Exchange Act of 1934 with respect to earnings, credit quality, corporate objectives, interest rates and other financial and business matters. Forward- looking statements include estimates and give management's current ...
    2007-10-18 12:49:00

  • Dividend and Unaudited Results Third Quarter 2007

    Forbes - Future dividend rates may be significantly different from the current rate as a result of a number of factors including the effects of derivatives accounting (SFAS 133), overall interest rates, demand for our products, and our ability to achieve ...
    2007-10-18 01:18:00

  • Bank of Marin Bancorp Announces Higher Third Quarter Earnings and ...

    Forbes - Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in ...
    2007-10-18 01:53:00

  • Merchants Bancshares, Inc. Dividend Declaration and Earnings Release ...

    Forbes - The factors that could cause actual results to differ materially from current expectations include changes in general economic conditions in Vermont, changes in interest rates, changes in competitive product and pricing pressures among financial ...
    2007-10-18 01:03:00

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