Mortgage and Financial News From 2007-10-21 Page 7

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  • Top Florida lender caught in storm (Miami Herald)

    As housing market losses pile up, Florida's largest locally headquartered home lender finds itself in the center of the storm. Amid South Florida's housing meltdown, share prices at even highly capitalized BankUnited have taken it on the chin.
    2007-10-21 12:07:58
  • DeMarrais: Don't lose interest in CDs when it's rollover time

    NorthJersey.com - If you're not as careful in rolling over a CD as you are in buying it initially, it could cost you a lot of money. Many of us search for the best rates for certificates of deposit, and often end up at a bank with which we have no relationship. The ...
    2007-10-21 03:34:00
  • G7 warns of growth slowdown

    DAWN Group - The United States has come under criticism for allowing loose lending practices to flourish in a climate of low interest rates, which fuelled a years-long housing boom, speculation and the emergence of little-understood complex financial instruments ...
    2007-10-21 02:04:00
  • Politics, policy set to rule market mood

    Hindustan Times - FII inflows turned negative on October 17, first time in the month, especially since the US Federal Reserve cut interest rates on September 18. On Monday, there is a scheduled meeting between the UPA government and its Left allies. The Left has now ...
    2007-10-21 08:56:00
  • Purchasing a used car makes better financial sense than leasing a vehicle (SaukValley.com)

    We've leased our last couple of vehicles, and to me it seems like we're just throwing our money away. At the end of the term we have nothing. What is your take on buying new cars or leasing? What is the best way financially to go about getting a vehicle?
    2007-10-21 02:39:36
  • Saver plans for nuptials, other events at age 25 (Baltimore Sun)

    Megan Wille has the bug. She began saving through her workplace 401(k) shortly after starting her job for a local advertising agency. She increased the amount withheld from her paycheck when she got a raise and now saves about 11 percent of her salary including the company match. Two years later and she has amassed nearly $6,000.
    2007-10-21 12:39:38
  • With my current responsibilities and obligations there can be no ...

    Globe and Mail - In my current job I must retire in another 17 years, but my house won't be paid off ... I'm hoping to have my mortgage paid off in 5 yrs and after that it's all gravy. I ... politician doesn't risk the health of the plan by reducing the contribution rates ...
    2007-10-18 05:57:00
  • Greenspan: Debt Level, Not Financing Source, Matters Most

    Beurs.nl - ... policymakers should focus less on the threat of an abrupt reversal in current ... for U.S. assets, the value of the U.S. dollar could drop sharply, interest rates ... point is, but we can be sure there is one, for example ... the subprime mortgage ...
    2007-10-21 01:43:00
  • Global crises still to play out in Russia: Kudrin

    CNBC - ... global credit squeeze sparked by concerns over how to value high-risk U.S. mortgage ... Federal Reserve cut interest rates on September 18, as portfolio investors ... Inflation has gathered pace so to cut it in the current situation will be ...
    2007-10-21 11:41:00
  • Commercial Real Estate Market Slows

    Chicago Tribune - ... compared to the residential real estate market, where foreclosures and mortgage ... further declines in home sales and prices, making it "the most significant current ... by individual investors have seen prices plateau and capitalization rates rise ...
    2007-10-21 02:11:00
  • Greenspan: Current account 'not a huge problem'

    Marketwatch - The housing bubble wasn't the Fed's fault, Greenspan said. "Central banks have lost control of the markets," he said. The Fed raised short-term rates in 2004, but mortgage rates didn't respond, he said. Global forces kept long-term rates low, fueling ...
    2007-10-21 02:26:00
  • Finance chiefs assure markets but take little action

    New Straits Times - ... have been shaken since August by a credit crisis, a byproduct of the meltdown in the US subprime -- or high-risk -- mortgage ... Group of Seven on Friday offered merely warmed-over commentary on currency imbalances, simply repeating that exchange rates ...
    2007-10-21 12:10:00
  • Current account not a huge problem, Greenspan says (Market Watch)

    WASHINGTON (MarketWatch) -- The inevitable adjustment in the U.S. current account deficit is "not a huge problem," former Federal Reserve Chairman Alan Greenspan said Sunday.
    2007-10-21 01:55:17
  • Our View - Sunday

    Colorado Springs Gazette - ... made bad investment decisions. The president is supporting a bill that would let the Federal Housing Administration “help people stay in their home.” The plan would help those homeowners with risky loans, who meet certain criteria, to refinance ...
    2007-10-21 01:11:00
  • Crushing ARMs squeeze homeowners

    Denver Post - Englewood retiree Marguerite Dodson and her husband took out a payment-option adjustable rate mortgage in May 2006 to refinance the home they had lived in since 1978. The couple's loan offered an attractive initial 2.25 percent interest rate that ...
    2007-10-19 05:56:00