Mortgage and Financial News From 2007-11-30 Page 19

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  • Stocks Soar After Fed Chief Hints at Rate Cut

    New York Times - Shares of financial firms with close ties to the mortgage industry also rose sharply ... top Fed official signaled that policy makers might have to reduce interest rates to head off trouble. “Economic forecasting is always difficult, but the current ...
    2007-11-30 08:06:00
  • Officials act to forestall foreclosures

    Los Angeles Times - ... Schwarzenegger to call a special session of the Legislature to quickly deal with the expanding sub-prime mortgage ... standardized process for lenders to restructure mortgages so homeowners can continue to make payments at current interest rates.
    2007-11-30 07:38:00
  • U.S., Banks Near A Plan to Freeze Subprime Rates

    Wall Street Journal - ... investors and strapped homeowners, both of whom are anxious as interest rates on ... between regulators including the Treasury Department and a coalition of mortgage ... An additional $85 billion in such mortgages is resetting during the current quarter ...
    2007-11-30 07:23:00
  • UK rates seen on hold in Dec but it's a close call

    Guardian Unlimited - The chances that rates will fall from the current 5.75 percent early next year have edged up, according to the poll taken after BoE ... The bank said on Thursday that new mortgage approvals had dropped to 88,000 in October, well below forecasts, and ...
    2007-11-30 06:26:00
  • Morgan Stanley's Cruz Replaced After Mortgage Losses (Update3)

    Bloomberg - ... was ousted three weeks after the firm disclosed $3.7 billion of losses on mortgage ... offset most of the gains that Mack made in fixed income,'' said Hintz, who rates ... Stanley realize the opportunities ahead, while continuing to navigate the current ...
    2007-11-30 06:55:00
  • Anworth Mortgage Asset Corporation Announces Pricing of Public ...

    Forbes - These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may ... looking statements as a result of various factors and uncertainties, including increases in the prepayment rates on the mortgage ...
    2007-11-30 06:05:00
  • Bush Administration Working to Aid Subprime Mortgage Holders, Extend ...

    FOX News - ... the scenes with industry on a plan to extend lower, introductory interest rates ... The mortgage industry and federal regulators have been under intense pressure from ... spending will continue to grow and suggested the country can withstand the current ...
    2007-11-30 07:38:00
  • Anworth Mortgage Asset Corporation Announces Pricing of Public Offering of Common Stock (FinanzNachrichten)

    Anworth Mortgage Asset Corporation ( Nachrichten ) (NYSE:ANH) announced today that it has set the price for the underwritten public offering of 9,000,000 shares of its common stock at $6.70 per share for gross proceeds of $60.3 million.
    2007-11-30 06:16:57
  • Morgan Stanley Co-President Cruz Replaced After Mortgage Losses (Bloomberg.com)

    Nov. 30 (Bloomberg) -- Zoe Cruz, co-president of Morgan Stanley and Wall Street's highest-paid female executive, is ending her 25-year career at the firm three weeks after it disclosed $3.7 billion of losses on mortgage-related securities.
    2007-11-29 09:27:51
  • Paulson, lenders discuss freeze on intro rates (CNN Money)

    Treasury Secretary meets executives from loan servicing companies to discuss a plan to extend lower, introductory rates on home loans about to reset higher.
    2007-11-29 11:11:20
  • Morgan Stanley's Cruz Replaced After Mortgage Losses (Update2) (Bloomberg.com)

    Nov. 30 (Bloomberg) -- Zoe Cruz, co-president of Morgan Stanley and Wall Street's highest-paid female executive, was ousted three weeks after the firm disclosed $3.7 billion of losses on mortgage-related securities at the division she oversaw.
    2007-11-30 05:42:50
  • Administration working on plan to ease mortgage terms (Atlanta Journal-Constitution)

    The Bush administration is working behind the scenes with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels amid hints by Fed Chairman Ben Bernanke of another cut in a key interest rate to keep the economy from falling into recession.
    2007-11-30 05:42:53
  • Bush Admin. Working to Aid Subprime Mortgage Holders (Fox News)

    The Bush administration is working with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels; Fed Chairman Ben Bernanke hints at another cut in a key interest rate.
    2007-11-30 07:29:53
  • Lenders Rally on Rate Freeze Plan

    Street.Com - ... have shaky credit histories or obtained a loan with little or no documentation -- began having problems this year as home ... dollars a month, leaving many borrowers overextended. Foreclosures have also been rising as borrowers are unable to refinance ...
    2007-11-30 07:45:00
  • U.S. House Prices Show Quarterly Decline for First Time in Nearly 13 ...

    HuntingtonNews.Net - Washington, DC (HNN) – For the first time in nearly thirteen years, U.S. home prices experienced a quarterly decline. The Office of Federal Housing Enterprise Oversight (OFHEO) House Price Index (HPI) -- based on data from sales and refinance ...
    2007-11-30 03:56:00