Mortgage and Financial News From 2007-8-31 Page 4

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  • Bush unveils mortgage proposals (AP via Yahoo! News)

    President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.
    2007-08-31 10:14:56
  • Fitch Assigns an 'AA' IFS Rating to PMI Insurance Co.; Outlook Stable (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings has assigned an Insurer Financial Strength rating of 'AA' to PMI Insurance Co . PIC is a wholly-owned subsidiary of The PMI Group, Inc. , the holding company for PMI Mortgage Insurance Co. , the second largest mortgage insurer in the U.S. in terms of mortgage insurance risk in force and market share.
    2007-08-31 07:18:00
  • Bush to announce mortgage program (UPI)

    President George W. Bush plans to ask the Federal Housing Administration to raise the price ceiling on mortgage insurance, The New York Times said Thursday.
    2007-08-31 02:44:15
  • Bush in Mortgage Bailout (Time.com via Yahoo! News)

    President Bush sought to put the brakes on nation's growing number of mortgage foreclosures, relaxing the terms under which homeowners can refinance through the Federal Housing Administration mortgage insurance program.
    2007-08-31 09:43:29
  • Wall St climbs on Bush mortgage plan optimism

    Reuters - ... on Friday on optimism a plan by President Bush to help struggling subprime mortgage ... Hole, Wyoming, also gave no clear clues about when the Fed may cut interest rates. ... Financials, along with the home builders, are among shares that have suffered ...
    2007-08-31 05:04:00
  • Aug 31, 4:44 PM EDT

    US News and World Report - Make Missoulian.com your home page Get Firefox! ... as reassuring signs Wall Street won't be left to deal with problems in the mortgage ... becoming increasingly clear that the Fed is going to have to lower interest rates ...
    2007-08-31 09:00:00
  • No Cigar

    Forbes - More than 2 million in adjustable-rate mortgages underwritten in the last few years are supposed to reset to higher rates this year and next, potentially extending the mortgage crisis. Higher interest rates and weakening home values have made it ...
    2007-08-31 04:43:00
  • Barclays Bails Out A Hedge Fund

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... make money from the difference between short-term and long-term borrowing rates. These vehicles, often given fancy names, have funded portfolios of American mortgage ...
    2007-08-31 07:13:00
  • Investors a big share of home defaults in 4 states

    Reuters - ... most parts of the country, but it is not always the case of a homeowner losing his or her home," Doug Duncan, the chief economist for the Mortgage ... Among non-owner occupied homes with loans under subprime terms, default rates are also higher than ...
    2007-08-31 08:10:00
  • Lending rates will rise, says CBA

    Australian Broadcasting Corp. - Bluestone, which sells to people who can't qualify for mainstream loans, has said it may have to increase its mortgage interest rates, and the risks are hitting home for hedge funds too, here and around the world. In Sydney, Basis Capital has ...
    2007-08-31 05:26:00
  • Inflation Lower Than Expected In July

    Forbes - ... reading on Friday and gave the Federal Reserve more freedom to cut interest rates. ... for a rate cut as commercial credit dries up, the housing market slumps, and mortgage ... Home Depot (nyse: HD - news - people ). On the Nasdaq composite ...
    2007-08-31 07:56:00
  • Bush unveils mortgage proposals

    Seattle Post Intelligencer - ... million homeowners whose adjustable rate mortgages are scheduled to reset at higher rates by the end of 2008. As another part of his mortgage ... needs to go further by supporting their proposals to lift the current cap on how many home loans mortgage ...
    2007-08-31 09:00:00
  • Bush, Bernanke soothe mortgage, housing investors

    CNBC - Horton Inc. and KB Home, with each adding around 4 percent. Luxury builder Toll Brothers Inc. added ... Default and delinquency rates are already near all-time highs after mortgage lenders loosened standards in the final years of the housing boom.
    2007-08-31 08:24:00
  • Fitch Rates $403MM RALI Mtge Asset-Backed P-T Ctfs, 2007-QS10

    Forbes - None of the mortgage loans were subject to the Home Ownership and Equity Protection Act of 1994. Furthermore, none of the ... if the law imposes greater restrictions or additional legal liability for residential mortgage loans with high interest rates ...
    2007-08-31 06:59:00
  • Bush Offers Relief for Some on Home Loans

    New York Times - It’s not the government’s job to bail out speculators or those who made the decision to buy a home they knew they ... But secondarily, this official said, helping homeowners keep their homes and refinance or renegotiate the terms of the ...
    2007-08-31 04:07:00