Mortgage and Financial News From 2008-6-11 Page 8
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Ahead of the Bell: Annaly slips on downgrade - MSN MoneyCentral
NEW YORK (AP) - Shares of Annaly Capital Management fell in premarket trading Wednesday after a JPMorgan analyst downgraded the real estate investment trust on valuation. Analyst Andrew Wessel downgraded the stock to "Neutral" from "Overweight," and ...
2008-06-11 05:59:00 -
UK housebuilders' shares down sharply for second day - International Herald Tribune
LONDON : Shares in some of Britain's leading housebuilders fell sharply again on Wednesday as investors bailed out of the country's slowing property market. Barratt Developments PLC was the big loser, down 22.4 percent at 71 pence (US$1.39) per share ...
2008-06-11 04:33:00 -
Shinsei to raise $280 mln in first covered bond - Reuters
TOKYO, June 11 (Reuters) - Japan's Shinsei Bank Ltd (8303.T: Quote , Profile , Research ) said it plans to raise 30 billion yen ($280 million) through a mortgage-backed covered bond next month, making the midsize lender the first to offer the asset ...
2008-06-11 04:05:00 -
Lenders tighten valuation criteria on new homes - Reuters UK
LONDON (Reuters) - Britain's mortgage banks and property valuers are to tighten up their conveyancing procedures in the wake of a housing downturn that has exposed some sharp practices on newly built homes. "Some lenders have been concerned that the ...
2008-06-11 04:05:00 -
UPDATE 1-UK lenders tighten valuation criteria on new homes - Reuters
LONDON, June 11 (Reuters) - Britain's mortgage banks and surveyors are set to close a loophole that has helped some property developers to sell more homes and bump up profits by giving discounts and withholding that information from lenders. The move ...
2008-06-11 06:21:00 -
Mortgage applications rise in latest week: MBA - Boston Globe
NEW YORK (Reuters) - Mortgage applications rose after falling for three straight weeks, bouncing back from the lowest level in more than six years and overcoming a rise in home loan rates, an industry trade group said on Wednesday. The Mortgage ...
2008-06-11 05:02:00 -
Mortgage fraud high in Mich., FBI says - Detroit News
LANSING -- Michigan ranked among the worst states in the country for mortgage fraud in 2007, with scam artists taking advantage of lax regulations and minimal policing. According to a recently released FBI report compiling various measures of fraud ...
2008-06-11 04:05:00 -
Homebuilders' shares tumble on analysts' grim view (Reuters.co.uk)
(Reuters) - Shares of homebuilders suffered broad declines on Wednesday after analysts at two top brokerages took negative views on them, citing increasing likelihood of land bank writedowns amid an intensifying housing downturn.
2008-06-11 05:56:52 -
Mortgagers announce new standards (Channel 4)
Mortgage lenders are set to change the way they value new build properties in a bid to avoid lending more than the homes are worth, it has been announced.
2008-06-11 05:57:17 -
National Council of La Raza and Wachovia Launch $16.25 Million Partnership to Advance Economic Development in U.S. ... (PR Newswire via Yahoo! Finance)
The National Council of La Raza , Raza Development Fund , Wachovia and The Wachovia Foundation today announced a five-year, $16.25 million partnership focused on economic development for the Latino community in the U.S.
2008-06-11 06:00:00 -
Calyx Software Integrates Hazard Insurance Category Into Point (Business Wire via Yahoo! Finance)
SAN JOSE, Calif.----Calyx Software®, the mortgage industry's leading provider of loan marketing, originating and processing software, announced a hazard insurance category in the Calyx Network, connecting users of Calyx Point® loan origination software with participating hazard insurance vendors.
2008-06-11 06:08:00 -
Community Notes (June 12) (Dover-Sherborn Press)
Garden Club bulb sale; artwork at Town Clerk's office; summer hours at Town House; more.
2008-06-11 06:13:14 -
Fixed-rate mortgage costs at 8-year high - Financial Times
Taking out a two-year fixed-rate mortgage has become more expensive than at any point in the past eight years, according to data that show how the Bank of England’s resolve to fight inflation may exacerbate the tightening in credit conditions and ...
2008-06-11 01:06:00 -
Treasuries Rise After Bunds Gain on ECB Stark's Rate Comments - Bloomberg
June 11 (Bloomberg) -- U.S. Treasuries rose as European bonds climbed after comments by European Central Bank Executive Board member Juergen Stark prompted investors to scale back bets on interest-rate increases by central banks. Treasury 10-year ...
2008-06-11 03:00:00 -
Polish central bank's Owsiak says cannot rule out June rate hike - CNBC
WARSAW (Thomson Financial) - Polish central bank policymaker Stanislaw Owsiak said on Wednesday he could not rule out a rise in interest rates this month, after a two-month break in the bank's campaign of monetary tightening. "I cannot rule out ...
2008-06-11 02:32:00