Mortgage and Financial News From 2007-8-29 Page 9

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  • Mortgage broker sentenced in money-laundering case (Seattle Times)

    A Seattle mortgage broker was sentenced to 18 months in federal prison Tuesday for forging documents that helped several convicted drug...
    2007-08-29 07:15:15

  • Recent Housing Stats Point To Lingering Weakness, But Full Picture Is ...

    RTT News - Many experts have encouraged the Fed to lower rates to help ramp up economic growth, before problems in the mortgage market lead to larger troubles in the ... decline reported in the 2nd quarter of 2007 for the National Home Price Index is the lowest ...
    2007-08-29 02:15:00

  • Jobless rate lowest since 1974

    Worldnews.com - Housing costs push Sask. inflation rate above nat'l average Canada Dot Com OTTAWA - Higher mortgage rates helped push Canada's consumer price index (CPI) up 0.1 per cent in July from June, holding the year-over-year rate steady at 2.2 per cent and ...
    2007-08-28 11:34:00

  • Kaplan's `Warcraft: Dragon Hunt' May Help Kids Get Into College

    Bloomberg - Reading skills among U.S. high school students graduating this year fell to the lowest since 1994, the College Board reported yesterday. Students need to expand their vocabularies by reading stories with challenging words, says Kathleen Blake Yancey ...
    2007-08-29 03:05:00

  • Credit Notebook: Basis Bankruptcy

    Wall Street Journal - But Toll Brothers Chairman and Chief Executive Robert Toll warned "mortgage-market liquidity issues and higher borrowing rates may impede some ... It was the lowest level of starts since 1.355 million in January 1997. Year-to-year, housing ...
    2007-08-29 03:26:00

  • South Florida incomes showing growth

    Miami Herald - The city had the second lowest median income last year, ahead of only Cleveland. ... Costs for shelter, which take into account rent, mortgage prices and insurance, saw ... He thinks that the jump in Miami's wage rates is also an attempt to catch up with ...
    2007-08-29 03:33:00

  • Mortgage applications fall as ARM rate soars

    Dallas Morning News - Mortgage applications fall as ARM rate soars 11:18 AM CDT on Wednesday, August 29 ... Banks may be jacking up short-term rates to dissuade buyers from choosing ... Both measures were the lowest in four weeks and below their year-earlier ...
    2007-08-29 04:09:00

  • Consumer confidence lowest in a year

    MSN MoneyCentral - ... about the economy drove down consumer confidence in August to its lowest point ... But Florida could be hit disproportionately by higher interest rates on jumbo loans, those exceeding the $417,000 limit for purchase by the secondary mortgage market ...
    2007-08-29 01:10:00

  • Week-to-week mortgage applications off 4.0%

    Marketwatch - CHICAGO (MarketWatch) -- The number of mortgage applications filed last week slipped 4.0% from the previous week, while the ... While interest rates on fixed-rate loans in the survey decreased, the rate on one-year ARMs increased significantly ...
    2007-08-29 03:55:00

  • Consumers saying farewell to ARMs as rates surge

    Washington Post - The Mortgage Bankers Association said borrowing costs on 30-year fixed-rate mortgages dropped to the lowest level in weeks, but rates on one-year adjustable-rate mortgages (ARMs) surged to 6.51 percent from 5.84 percent in the week ended August 24 ...
    2007-08-29 04:38:00

  • Number of new mortgages lowest in 3 months (Daily Telegraph)

    The number of people taking out a mortgage has dropped, but economists warned it is still far too early to assume the housing market is cooling dramatically.
    2007-08-28 11:42:37

  • U.S. MBA's Mortgage Applications Index Dropped 4% (Update1) (Bloomberg.com)

    Aug. 29 (Bloomberg) -- Mortgage applications in the U.S. declined to a four-week low as the rate on one-year adjustable loans jumped by the most ever.
    2007-08-29 12:44:52

  • Consumer confidence lowest in a year (bizjournals.com via Yahoo! Finance)

    Uncertainty about the economy drove down consumer confidence in August to its lowest point in a year, according to a survey from the University of Florida.
    2007-08-29 01:09:45

  • U.S. MBA's Mortgage Applications Index Dropped 4% (Update3) (Bloomberg.com)

    Aug. 29 (Bloomberg) -- Mortgage applications in the U.S. declined to a four-week low as the rate on one-year adjustable loans jumped by the most since the Mortgage Bankers Association began keeping records in 1996.
    2007-08-29 03:45:00

  • Consumers saying farewell to ARMs as rates surge (Reuters via Yahoo! News)

    Consumers are shunning adjustable-rate mortgages in droves as rates surged to levels not seen in over six years, data from an industry trade group showed on Wednesday.
    2007-08-29 04:36:40

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