Archive for September, 2008

Millennium Bank refinances company loans (Bucharest Business Week)

Millennium Bank has made available a tailor-made facility for its corporate clients, the Debt Consolidation Loan, designed to refinance and restructure the companies’ loans of working capital, investment or leasing.

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September 30 2008 | Home Loan Mortgage Blog | No Comments »

Federal Home Loan Bank of San Francisco Announces Projected Dividend Rate for Third Quarter 2008 (wallstreet:online AG)

The Federal Home Loan Bank of San Francisco´s Board of Directors has declared a dividend for

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September 30 2008 | Home Loan Mortgage Blog | No Comments »

HK stocks close 4.29% lower on mortgage rate hike news (People’s Daily)

Hong Kong stocks plunged 801.41points, or 4.29 percent, to close at 17,880.68 on Monday, as Hong Kong-based property counters fell more on mortgage-rate hike news. Turnover fell to 54.97 billion HK dollars (7.08 billion U.S. dollars) from Friday’s 54.99 billion HK dollars (7.08 billion U.S. dollars). HSBC, the largest local bank, raised mortgage rate for new homebuyers in Hong Kong by 50 basis …

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September 30 2008 | Home Loan Mortgage Blog | No Comments »

Australia’s Mortgage Plan May Push Lenders to Pass On Rate Cuts (Bloomberg)

Sept. 29 (Bloomberg) — Australia’s purchase of A$4 billion ($3.3 billion) of mortgage-backed securities to revive frozen markets for the debt may increase competition in the banking industry and encourage lenders to pass on any interest rate cuts.

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September 29 2008 | Home Loan Mortgage Blog | No Comments »

Federal Home Loan Bank of Cincinnati awards grants for home ownership, foreclosure prevention (Cincinnati Business Courier)

The Federal Home Loan Bank of Cincinnati has designated $350,000 in home ownership challenge grants and $500,000 in foreclosure relief subsidies that will be distributed through various Kentucky banks.

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September 29 2008 | Home Loan Mortgage Blog | No Comments »

Pricing mortgage-backed securities will be tough (USA Today)

Some things are easy to price. Others, not so much. And that’s the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no one wants to buy.

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September 28 2008 | Home Loan Mortgage Blog | No Comments »

(AFX UK Focus) 2008-09-26 13:51 FREDDIE MAC TOTAL AUG MORTGAGE PORTFOLIO FELL 9.3%, UP BY ANNUAL 6.4% RATE YTD (Interactive Investor)

NEW YORK (Thomson Financial) - FREDDIE MAC TOTAL MORTGAGE PORTFOLIO FELL 9.3 PCT IN AUGUST, UP BY ANNUAL 6.4 PCT RATE YEAR TO DATE Chuck Mikolajczak cm

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September 26 2008 | Home Loan Mortgage Blog | No Comments »

Getting approved for a home loan in the housing crunch (WATE 6 Knoxville)

Getting approved for a home loan right now may not be as hard as you think. 6 News spoke to a local mortgage broker who says right now in Knoxville, it’s actually a buyers’ market.

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September 26 2008 | Home Loan Mortgage Blog | No Comments »

Accuma liquidates Loan Line (ShareCast via Yahoo! UK & Ireland Finance)

Debt consolidation group consolidator Accuma is to liquidate its loss-making loan broking arm Loan Line.

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September 26 2008 | Home Loan Mortgage Blog | No Comments »

Rates rise, mortgage applications fall: MBA (Market Watch)

Applications for mortgages decrease a seasonally adjusted 10.6% last week compared to a week earlier, while interest rates on fixed- and adjustable-rate mortgages rise, Mortgage Bankers Association data show.

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September 24 2008 | Home Loan Mortgage Blog | No Comments »

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