Mortgage and Financial News From 2007-9-24 Page 11

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• Istanbul property market to attract further foreign investment

  Turkish Daily News - ... of Istanbul, rental levels are $16 per square meter a month with vacancy rates ... The introduction of the new mortgage law will also boost the market and attract ... Prime yields in commercial property compare favourably with euro or U.S. bond ...
  2007-09-24 12:10:00

• US Treasuries lick their wounds

  FXStreet.com - It looks increasingly likely that the window for the ECB to hike rates is closing ... cuts and some measures allowing the GSE’s to play a bigger role in the mortgage ... It is probably more to the point to compare the current situation to the 2001 ...
  2007-09-24 01:14:00

• Regulators To Hold Hearings On Phone Rate Proposals (WMUR New Hampshire)

  CONCORD, N.H. -- New Hampshire regulators will hold hearings starting next week on proposed rate increases for several small telephone companies. TDS Telecommunications Corp. has asked to raise rates for two telephone companies it operates: Merrimack County Telephone Co. and Kearsarge Telephone Co.
  2007-09-24 08:24:46

• Election 2008: Barack Obama in the news

  Newsday - AT HOME CLOSING CORPORATE TAX LOOPHOLES will allow the government to provide $80 billion annually in relief for workers ... The Illinois senator said he would give 150 million workers a $500 payroll tax credit, expand relief on mortgage interest and ...
  2007-09-24 01:17:00

• AP Business NewsBrief at 4:16 p.m. EDT

  CNBC - American Home Mortgage Faces Inquiry news://newsclip.ap.org/D8RS0SD03@news.ap.org NEW YORK (AP) _ American Home Mortgage Investment Corp. bounced property tax checks for some Maryland homeowners, local and state officials said Monday, and they have ...
  2007-09-24 01:17:00

• Brokerage Earnings Hint at Bank Results

  Forbes - This summer was difficult because mortgage defaults and tightening lending standards dampened banks' home loan originations; problems in the capital markets caused losses in fixed-income investments; and debt aversion forced banks to mark down ...
  2007-09-24 01:10:00

• IMF warns of risks in financial markets

  Earthtimes - Washington - Fallout from this year's US home mortgage crisis will likely continue for some time and could further slow global economic growth, the International Monetary Fund said Monday. Banks, financial companies and regulators should review risks ...
  2007-09-24 12:13:00

• Mortgage REITs face mounting liquidity pressure: Fitch

  Marketwatch - The industry has been knocked by the turmoil gripping mortgage and credit markets. Several mortgage lenders have already filed for bankruptcy, including REITs American Home Mortgage Investment Corp. and New Century Financial Corp.
  2007-09-24 11:59:00

• U.S. House bill would let courts alter mortgages

  Reuters - The legislation would repeal a provision that prohibits a bankruptcy court from modifying a home mortgage, according Representative Brad Miller, a North Carolina Democrat, who sponsored the bill along with Democrat Linda Sanchez of California. The ...
  2007-09-24 11:52:00

• Morgan Stanley accused of mortgage discrimination

  San Diego Union-Tribune - Worldwide credit markets have been shaken in recent months by a sharp rise in U.S. home mortgage delinquencies involving subprime, or less creditworthy, borrowers. In some cases, subprime loans made a year or more ago are resetting at significantly ...
  2007-09-24 09:07:00

• Mortgage company says allegations are unfair and wrong (Lincoln Journal Star)

  OMAHA — An Omaha-based mortgage company plans to fight state allegations of misconduct and will try to keep its state mortgage banking license. Bob Goldberg, president of Advantage Mortgage Service Inc., said the company conducts its business “in an exemplary fashion.”
  2007-09-24 09:34:36

• Mortgage broker settles false advertising charges (The Arizona Republic)

  Attorney General Terry Goddard today announced a $95,000 settlement with Lenox Financial Mortgage, LLC, an Atlanta-based mortgage broker.
  2007-09-24 01:54:08

• Mortgage REITs see more liquidity pressure: Fitch (Market Watch)

  BOSTON (MarketWatch) -- Mortgage real estate investment trusts that haven't yet succumbed to the credit storm are struggling to secure funding and are facing growing liquidity problems, Fitch Ratings said Monday.
  2007-09-24 12:03:51

• Wilbur Ross offers $435M for mortgage unit (Crain's New York Business)

  Wilbur Ross Jr. said would pay at least $435 million for the servicing unit of now-defunct American Home Mortgage Investment Corp.
  2007-09-24 11:22:48

• View Article

  First Coast News - JACKSONVILLE, FL -- Local money manager Ronnie Belton answers your financial questions. This week's topics: Using pension for credit cards or IRA, Lock in current interest rates or wait a few weeks?, Financial advise classes "I receive a small $400 ...
  2007-09-24 05:54:00

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