Mortgage and Financial News From 2007-9-24 Page 16

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  • UPDATE: Group Home Shooting In York, Nebraska (KETV 7 Omaha)

    A 33-year-old employee is shot while working at a group home for troubled teens in York, Neb.
    2007-09-24 09:33:37

  • Third time's a charm for former renter buying his Brooklyn home (New York Daily News)

    A former renter missed the first two opportunities to buy his Brooklyn home, but didn't strike out the third time.
    2007-09-24 01:33:07

  • Crackdown on credit card limits

    This is Money - Barclaycard profits fell by 17% in the first half of the year as bad debts soared to £1.5bn. Borrowers with poor credit histories may find it ... The mortgage market is also showing signs of retrenchment with some large lenders such as Abbey and ...
    2007-09-24 05:32:00

  • BHP propels shares to high

    News.com.au - ... on fears economic growth would be derailed by the fallout from the US mortgage market ... and well-capitalised even as the price of debt had increased amid the global credit ... the relatively small size of the local non-bank home loan industry and lower bad ...
    2007-09-24 07:41:00

  • Dodging the mortgage bullet

    Fortune - Franklin Templeton's Chuck Lahr saw the signs of trouble brewing in the mortgage ... Fortune Magazine) -- The credit crunch has many holders of bank and brokerage ... Toward the end of 2004 we started to see a lot of really bad underwriting ...
    2007-09-24 05:25:00

  • Deutsche Bank's Sticky Debt Problem

    Forbes - ... of the recent liquidity crisis and increasing mistrust between banks and investors over exposure to bad ... Private-equity deals have thrived over the last few years on cheap credit, but as the subprime mortgage crisis in the United States pushes up ...
    2007-09-24 10:26:00

  • Credit squeeze strikes suburbs

    The Australian - It said that if an institution advancing a loan did not bear the consequences of it going bad, the institution would lack the incentive to monitor the borrower's credit-worthiness. So far, no lenders have raised the rates they charge prime-mortgage ...
    2007-09-24 07:48:00

  • Britain bails on bad business

    The Washington Times - Britain bails on bad business Associated Press September 24, 2007 ... Brown said yesterday that woes at Northern Rock were a direct result of the credit ... But today, when a Florida householder defaults on his mortgage, the effects are felt ...
    2007-09-24 10:11:00

  • IMF: Credit Market Woes to Be Protracted

    Forbes - A credit crisis gripping international financial markets will probably be ... of financial market turbulence sparked by losses in the U.S. subprime mortgage market ... if home prices fall 5 percent over one year and then stabilize, losses from bad ...
    2007-09-24 09:57:00

  • Fed's Rate Cut May Give Little Relief to Homeowners (Update1)

    Bloomberg - Rising defaults in subprime mortgages, made to borrowers with bad or incomplete credit histories, killed demand for mortgage-backed securities, stopping the flow of money to lenders and making it more difficult for home buyers to secure loans ...
    2007-09-24 06:08:00

  • Agie Charmilles says U.S. machine shops busier (American Machinist)

    “In contrast to the housing and mortgage markets, which are in such bad shape that they are hurting the rest of the economy, machine shops are getting busier and machine tool leases are solid. Shops are uniformly in good financial shape judged by their ability to pay their bills,” added Moser.
    2007-09-24 06:59:43

  • Credit squeeze strikes suburbs (The Australian)

    BANKS, businesses and the great majority of households can withstand higher interest rates from the world credit squeeze but a growing minority of home owners are being forced from their homes.
    2007-09-24 07:00:00

  • The top five credit, debt misconceptions (East Valley Tribune)

    Mike Sullivan has counseled many people who cosigned on a loan in earnest, then paid dearly later. Sullivan is director of education for Take Charge America, a Valley-based credit counseling agency.
    2007-09-24 12:28:55

  • Barclaycard cuts its credit limits as shoppers feel the squeeze (Daily Mail)

    Half a million credit card customers have had their spending limits cut amid growing signs of a crackdown on consumer credit. Barclaycard, Britain's biggest credit card issuer, has been reviewing the limits for many of its customers
    2007-09-24 08:18:26

  • IMF: Credit Market Woes to Be Protracted (AP via Yahoo! Finance)

    A credit crisis gripping international financial markets will probably be "protracted" and slow growth of the global economy, the International Monetary Fund said Monday.
    2007-09-24 08:59:43

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