Mortgage and Financial News From 2008-2-4 Page 9

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  • Mortgage Fraud Probe Nets 24 Arrests, Indictments - KDKA

    Mortgage Fraud Probe Nets 24 Arrests, IndictmentsKDKA, PA - 2 hours agoMortgage brokers, appraisers and others are among those who the federal government says defrauded banks and lenders and contributed to the foreclosure and ...
    2008-02-04 07:20:08

  • Fall in swap rates yet to benefit borrowers - Stuff.co.nz

    Fall in swap rates yet to benefit borrowersStuff.co.nz, New Zealand - 2 hours agoYet the commercial banks' two-year fixed mortgage rates range from 9.5% to 9.6% after a series of increases. The cost to banks for a five-year fixed rate ...
    2008-02-04 07:22:27

  • RBA lifts interest rates to an 11-year-high - Courier Mail

    RBA lifts interest rates to an 11-year-highCourier Mail, Australia - 1 hour agoMr Symond, head of a national mortgage broking and lending firm with more than 200000 customers, says borrowers must work together with lenders. ...
    2008-02-04 07:37:33

  • Rate rise to add $50 a month - Sunshine Coast Daily

    Rate rise to add $50 a monthSunshine Coast Daily, Australia - 1 hour agoAssuming mortgage lenders pass on the increase in full to borrowers, homebuyers will pay just over $50 per month extra on their monthly repayments on a ...
    2008-02-04 07:47:08

  • India's Bond Trading Rises to Record on Bets Rates Will Be Cut - Bloomberg

    India's Bond Trading Rises to Record on Bets Rates Will Be CutBloomberg - 1 hour agoSome lenders have already started cutting rates.'' Trading increased from 1.38 trillion rupees in December and 867 billion rupees in January 2007. ...
    2008-02-04 07:53:10

  • RBA raises cash rate, more hikes likely - The Age

    RBA raises cash rate, more hikes likelyThe Age, Australia - 1 hour agoAssuming mortgage lenders pass on the increase in full to borrowers, homebuyers will pay just over $50 per month extra on their monthly repayments on a ...
    2008-02-04 07:56:22

  • Equifax's 7% increase in profit beats target - Atlanta Journal Constitution

    Equifax's 7% increase in profit beats targetAtlanta Journal Constitution,  USA - 1 hour agoBanks and other lenders typically review consumers' credit files in determining whether to approve a loan. But the mortgage reporting segment of that unit ...
    2008-02-04 08:00:49

  • KC area law firms find ways to weather the subprime mortgage storm - Kansas City Star

    KC area law firms find ways to weather the subprime mortgage stormKansas City Star, MO - 1 hour ago“We’re still servicing loans, but what’s happened is that lenders are originating loans but keeping them on their balance sheet. ...
    2008-02-04 08:17:48

  • Cayman Islands in the Foreign Press - Cayman Net News

    Cayman Islands in the Foreign PressCayman Net News, Cayman Islands - 1 hour ago... nation’s largest mortgage lender, and the bank named Countrywide’s second-highest ranking executive to run its mortgage business following the merger. ...
    2008-02-04 08:25:03

  • Credit Crunch Puts Aussie Banks in Tricky Position - Daily Reckoning - Australian Edition

    Credit Crunch Puts Aussie Banks in Tricky PositionDaily Reckoning - Australian Edition, Australia - 1 hour agoBut the most obvious affect is that non-bank lenders will have more trouble financing new loans. Banks will have to make up the difference, ...
    2008-02-04 08:25:55

  • Bush's proposed budget offers dollars for housing problems - Dayton Daily News (subscription)

    Bush's proposed budget offers dollars for housing problemsDayton Daily News (subscription), OH - 41 minutes agoHe said the proposal doesn't do enough to force lenders to come to the table and actively negotiate loan modifications, something they're still often ...
    2008-02-04 08:45:16

  • Interest rates rise to 7pc (News Interactive)

    THE Reserve Bank has lifted official interest rates by 25 basis points, taking them to 7 per cent.
    2008-02-04 07:57:00

  • Faces of foreclosure (ABC 7 Chicago)

    In Chicago and throughout the country, people are losing their homes in record numbers.
    2008-02-04 08:04:49

  • Equifax's 7% increase in profit beats target (Atlanta Journal-Constitution)

    Equifax Inc. on Monday reported a 7 percent increase in fourth-quarter profits despite some negative effects of the mortgage crisis and acquisition costs. The company said profits were $67.5 million, up from $63.1 million in the year-ago quarter. The quarterly results, equal to 50 cents per share, included costs related to the Atlanta-based credit reporting firm's acquisition of Talx Corp., a ...
    2008-02-04 08:18:00

  • RBA rate hike unlikely to be the last: economists (The West Australian)

    The central bank has raised interest rates to head off inflationary pressures in the economy but warns that prices are likely to continue to increase, leaving the door open to further hikes.
    2008-02-04 08:32:07

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