Mortgage and Financial News From 2007-10-18 Page 19

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  • Home construction at lowest since '93 (Middletown Times Herald-Record)

    Washington — Construction of new homes plunged to the lowest level in 14 years in September as turmoil in credit markets intensified the problems in the housing industry.
    2007-10-17 11:06:42

  • Housing construction plunges to lowest level in 14 years (The Times of Northwest Indiana)

    WASHINGTON | Construction of new homes plunged to the lowest level in 14 years in September as turmoil in credit markets intensified the problems in the housing industry. Consumer prices, meanwhile, rose at the fastest pace in four months, reflecting higher energy and food costs.
    2007-10-18 12:49:28

  • Home affordability lowest ever (Perth Now)

    RELENTLESS rises in interest rate rise and sky high house prices around Australia have pushed housing affordability to its lowest level on record.
    2007-10-17 06:02:00

  • Homebuyers under mortgage stress (Herald Sun)

    HOUSING affordability has never been worse, pushing more Australians into mortgage stress.
    2007-10-18 07:00:00

  • Sentry Select Diversified Income Trust (TSX: SDT.UN) Files Final ...

    Earthtimes - This obligation will be evidenced by a promissory note to be issued at the closing of the Exchange Offer, which will bear interest from the date of issue at the prime rate of interest posted from time to time by the Trust's bank. Dealer manager ...
    2007-10-18 07:05:00

  • More relief for rupee-hit exporters

    Chennai Online - The list of sectors eligible for reduced interest of 4.5 per cent minus the benchmark prime lending rate on pre- and post-shipment credit has also been expanded to 12. (Agencies) Published: Saturday, October 06, 2007 More BUSINESS ...
    2007-10-18 03:02:00

  • Forex - BNP Paribas: UK Rate Cut In November Unlikely []

    RTT News - An interest rate cut, when the Bank of England meets on the 7 and 8 of November, looks very unlikely according to her. Forex ... Hansen asked does this imply that the troubles in the US sub-prime market are a forewarning of what is yet to come for ...
    2007-10-18 05:32:00

  • Is $9250 Per Song Unconstitutional?

    Tech Dirt - ... illegal, and you really want to prevent people from speeding and J-walking, and not just make them calculate ... That's like saying I'm bound by a mortgage contract by entering the bank or some other crazy scheme. How ...
    2007-10-14 05:54:00

  • Polish Bank Millennium plans securitisations, warns on mortgage ...

    Forbes - WARSAW (Thomson Financial) - Polish Bank Millennium said it plans to securitise 800 mln zlotys in leasing assets and several billion of a 12 bln zloty mortgage portfolio within months, freeing up cash for investment as growth of the home loans market ...
    2007-10-18 03:52:00

  • IMF cuts global economic growth rate

    Earthtimes - ... followed by the governments, said the turmoil in the global credit markets started with the crisis in the U.S. sub-prime ... and added if the inflationary pressure remained, growth could continue below trend and this would justify further interest rate ...
    2007-10-18 05:40:00

  • Nevis civil servants mortgage loan programme activated

    Caribbean Net News - Lawrence disclosed that as of September 30, 2007, the SSB had $101 million outstanding in mortgage loans, which meant a 12 percent of investment portfolio in housing loans. The loans she said were primarily approved for low income housing and were ...
    2007-10-18 03:59:00

  • Cornerstone Bancshares, Inc. Announces 3rd Quarter 2007 Financial ...

    MSN MoneyCentral - The Bank had no sub prime losses to report. It maintains a strong position against risk from ... interest margin this quarter, largely due to the Bank's deposits repricing at a faster rate than the earning assets. The Bank's year to date net interest ...
    2007-10-18 04:57:00

  • More Business Digest

    Baltimore Sun - Washington Mutual Inc. said yesterday that its profit shrank 72 percent in the third quarter, as sagging home prices made it harder for borrowers to pay their bills and hurt the value of the bank's portfolio of mortgage loans. Washington Mutual ...
    2007-10-18 12:17:00

  • Summit Financial Group Reports Third Quarter 2007 Earnings

    MSN MoneyCentral - MOOREFIELD, W.V., Oct. 18, 2007 (PRIME NEWSWIRE) -- Summit Financial Group, Inc. (Nasdaq:SMMF) today reported third ... for Derivative Instruments and Hedging Activities, as amended ("SFAS 133") as it was applied to certain of its interest rate ...
    2007-10-18 02:55:00

  • AMCORE Financial, Inc. Reports 3rd Quarter Earnings

    Forbes - ... loans to loans 0.73% (6) (3) Non-performing assets to total assets 0.59% 11 30 (in millions) Total assets under administration $2,627 (1%) 6% Mortgage loans ...
    2007-10-18 04:35:00

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