Mortgage and Financial News From 2007-10-25 Page 01

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  • New US home sales at historic lows

    Financial Times - The backlog of homes for sale fell to 8.3 months and the median house price posted a 5 per cent surprise jump to $238,000 compared with last year. “The pace of new home sales is now close to where it was in the late-1990’s – before mortgage ...
    2007-10-25 04:37:00

  • New home sales tick higher in September

    Boston Globe - WASHINGTON - New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly ... since late 2005, was battered anew this summer when lenders started tightening loan conditions in the face of rising mortgage ...
    2007-10-25 11:18:00

  • New-Home Sales Rise, but Not Hopes for Next Year

    Washington Post - New-home sales rose 4.8 percent in September, but the increase did little to dampen pessimism about the industry's ... It's still bad news," said Guy Cecala, publisher of Inside Mortgage Finance. "I think August was probably the worst month in ...
    2007-10-25 10:28:00

  • Trader alleges RBC undervalued bonds

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... While the financial world is increasingly skeptical about the street's ability to accurately price mortgage-related securities ...
    2007-10-25 09:30:00

  • Asian Stocks Rise, Led by Sony on Higher Profit; BHP Gains

    Bloomberg - Nomura Holdings Inc. rose for the first time in a week after its second-quarter earnings report eased concern losses on U.S. mortgage-related investments may widen. Chartered Semiconductor Manufacturing Ltd. rose after third-quarter profit increased ...
    2007-10-25 10:28:00

  • Wendy's Earnings Fall but Beat Estimates

    Chicago Tribune - DUBLIN, Ohio - Wendy's International Inc. said Thursday that its third-quarter earnings fell 57 percent from a year ago ... Home > Business
    2007-10-25 11:11:00

  • Standard Pacific Corp. Reports 2007 Third Quarter Results

    MSN MoneyCentral - The Company provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, Standard Pacific Mortgage, Inc., Home First Funding, SPH Home Mortgage, Universal Land Title of South Florida and SPH Title ...
    2007-10-25 04:01:00

  • New home sales--every silver lining has a dark cloud

    BusinessWeek - Remember that the Realtors just reported a 10% monthly decline of existing home sales in the West, which makes more sense considering the terrible state of the mortgage market there. So back in the trenches, everybody, and put those helmets back on ...
    2007-10-25 09:23:00

  • Hesitant buyers prompt home-price slide

    Myrtle Beach Online - Nationally, payments were at least 30 days overdue on 3.4 percent of all first-lien home-mortgage loans in this year's third quarter, up from 2.4 percent a year earlier, according to data from Equifax Inc. and Moody's Economy.com. The rate of ...
    2007-10-25 07:22:00

  • Fresh fall in loan approvals for home buying

    Financial Times - The number of mortgage approvals for home purchase was 27 per cent lower in September than the same month last year and their value was 21 per cent lower, according to figures released on Thursday by the British Bankers’ Association. The fourth ...
    2007-10-25 05:56:00

  • Fresh fall in loan approvals for home buying (FT.com via Yahoo! News)

    The number of mortgage approvals for home purchases fell by 27 per cent last month, compared with September 2006, and their value was down 21 per cent, according to figures released on Thursday by the British Bankers' Association (BBA).
    2007-10-25 05:55:18

  • Baker Hughes Announces Third Quarter Results

    Forbes - ... gains, especially in North America where improvement in price above current levels ... in income of affiliates - 0.6 0.2 Interest ... revenue, pricing, expenses, capital spending, backlogs, profitability, tax rates ...
    2007-10-25 09:59:00

  • Thomson Financial Europe AM at a glance share guide: Stocks mixed ...

    CNBC - Investors sold dollars in a climate of market nervousness ahead of a Federal Reserve meeting on interest rates next week. The ... Oil markets also continued to have an eye on developments related to the current tensions between Turkey and Kurd rebels ...
    2007-10-25 10:13:00

  • Japan's Consumer Prices Fall 0.1%; Production Slips (Update1)

    Bloomberg - ... deflation and the prospect of slower global growth may make it hard for the central bank to justify raising interest rates in ... The output index remained at the second highest since the current gauge began in 2000. Production Plans ...
    2007-10-25 11:03:00

  • Magazine rates central bankers, Taiwan's Perng gets A-rating

    Taiwan Journal - ... for the annual evaluation includes how effective a central bank is in managing inflation, foreign exchange and interest rates. A ... rate has been lowered 2 percentage points since Perng took office in February 1998, from 5.25 percent to the current 3.25 ...
    2007-10-25 07:00:00

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