Mortgage and Financial News From 2008-1-10

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  • cease and desist letter against Apple

    New York Daily News - Fear of a weakening economy sent stocks tumbling Tuesday, shaving nearly 240 off the Dow. Investors are worried the stumbling economy may not only cripple mortgage lenders like Countrywide but also create problems for companies like AT&T. Avon's ...
    2008-01-09 11:15:00
  • Cap Fed survives mortgage crisis

    Topeka Capitol-Journal - Management at Capitol Federal Financial revealed a powerful yet tiny number during its annual meeting Tuesday — a number that describes the bank's low default rate on loans to customers. It's a number worth noting considering so many lenders ...
    2008-01-10 02:53:00
  • U.S. Initial Jobless Claims Fell 15,000 to 322,000 (Update2)

    Bloomberg - Builders, mortgage lenders and appraisers are among the housing-related businesses firing workers and the prospect that sales will slow is prompting others to limit hiring. Fewer jobs raise the risk that consumer spending, which accounts for more ...
    2008-01-10 06:06:00
  • John Charcol considers sale option

    MSN UK News - While many mortgage lenders are suffering due to the global credit crunch, Charcol sees the current problems as an opportunity. It said there was an increased demand for its services in tougher markets as consumers looked for the reassurance of having ...
    2008-01-10 03:07:00
  • Freddie Mac's Strength Rating May Be Cut by Moody's (Update6)

    Bloomberg - More than 100 mortgage lenders were shut, scaled back or sold last year as U.S. home foreclosures rose to the highest on record. `Credit Stress' ``People may regard the financial strength rating as a signal as to whether the ...
    2008-01-10 05:09:00
  • Rate freeze hurts homeowners over mortgages

    Daily Telegraph - The Council of Mortgage Lenders argues that most customers are on fixed or tracker rate products where the lender's decision about whether to change variable rates is irrelevant. And the factors that determine lenders' rate-setting policies are more ...
    2008-01-10 06:06:00
  • More house hunters use the web - Huddersfield Examiner

    More house hunters use the webHuddersfield Examiner, UK - 1 hour ago“However, as mortgage brokers and lenders develop more sophisticated and secure online systems there is no reason why more confident borrowers can’t now ...
    2008-01-10 05:03:08
  • Freddie Mac's Strength Rating May Be Cut by Moody's (Update6) - Bloomberg

    Freddie Mac's Strength Rating May Be Cut by Moody's (Update6)Bloomberg - 1 hour agoMore than 100 mortgage lenders were shut, scaled back or sold last year as US home foreclosures rose to the highest on record. ...
    2008-01-10 05:04:40
  • Shop around for home loans - Courier Mail

    Shop around for home loansCourier Mail, Australia - 1 hour agoWhile it will be more difficult for non-bank lenders to fight back, he said some are better armed than others. "I would expect the likes of Wizard and ...
    2008-01-10 05:08:55
  • Bankruptcies rise as banks raise rates - Sydney Morning Herald

    Bankruptcies rise as banks raise ratesSydney Morning Herald, Australia - 1 hour agoBoth businesses and consumers have been affected by the rising cost of finance following the US subprime mortgage crisis, which has made lenders less ...
    2008-01-10 05:10:34
  • Investors drive down banks on mortgage exposure - Sydney Morning Herald

    Investors drive down banks on mortgage exposureSydney Morning Herald, Australia - 1 hour agoThe extent of the banks' exposure to the biggest mortgage lender in the US was initially revealed by a Citigroup analyst, Craig Williams, in August. ...
    2008-01-10 05:18:19
  • “Subprime” Ready for Prime Time - OUPblog

    “Subprime” Ready for Prime TimeOUPblog, New York - 1 hour agoCustomers in this high-risk category were increasingly able to borrow money from established lenders, particularly to pay for mortgages, automobile loans, ...
    2008-01-10 05:19:21
  • Bonds back with licence to thrill - The Australian

    Bonds back with licence to thrillThe Australian, Australia - 1 hour agoAustralia's debt market has been all but frozen since the sub-prime mortgage crisis erupted in the US in mid 2007, prompting borrowers and lenders to shy ...
    2008-01-10 05:22:36
  • Bank of England leaves interest rate alone - United Press International

    Bank of England leaves interest rate aloneUnited Press International - 1 hour agoRetailers got a dire holiday update on lost revenue this week and are expecting a tough 2008, homebuilders reported diminishing sales and mortgage lenders ...
    2008-01-10 05:31:19
  • Drugs and Money and How It Feels - Corante

    Drugs and Money and How It FeelsCorante, MA - 54 minutes agoAnd the bulk of the promotion money would, again, surely find it way to trying to influence the mortgage advisors themselves. Lenders would come in with ...
    2008-01-10 05:37:48