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The ANZ cuts its home loan rates by a half per cent - News.com.au

ANZ has cut its rates for fixed rate home loans and residential investment loans by up to half a percentage point, effective from August 11. The bank said today that rates for the loans will fall across all terms by between 11 basis points and 50 ...

Home repossessions at 12-year high - Guardian Unlimited

Soaring numbers of borrowers struggling amid the credit crunch sent home repossessions to the highest level for 12 years in the first half of 2008, figures have revealed. Lenders repossessed 18,900 homes after their owners failed to keep up with ...

Petrol prices rival mortgage stress - News.com.au

PETROL prices rival mortgages as the biggest financial stress for Australians, a survey has found. An online poll by mortgage broker Loan Market Group last month found 28 per cent of respondents said petrol prices hurt their personal finances the ...

Wachovia cuts back mortgage lending-report - Washington Post

Resize NEW YORK (Reuters) - Wachovia Corp (WB.N), the fourth-largest U.S. bank, will stop making mortgage loans through its branch offices in 19 U.S. states, a published report said. The bank will eliminate 125 jobs in connection with the cutback ...

Fuel 'beats mortgage' for financial pain - ninemsn

Sorry, your configuration doesn't support this feature. The minimum requirements are MSN Messenger 6.0 or higher and Internet Explorer 5.5 or higher. Download Windows Live Messenger now . Buying petrol rivals home loan repayments as the biggest ...

Home makeover show has reality as a foundation - St. Petersburg Times

For too long, the world of so-called reality TV has seemed almost willfully divorced from the ugly truths of today's housing market. Check out programs like Bravo's Flipping Out and TLC's Flip That House , and you get barely a hint of the falling ...

BRT Realty swings to 2Q loss on real estate slump - Forbes

BRT Realty Trust , which makes commercial mortgage loans, said Friday it swung to a loss in the second quarter as a result of the real estate and credit slumps. The company posted a loss of $5.7 million, or 48 cents per share, compared to earnings of ...

Symond steps down as Aussie boss to focus on new business - The Age

AUSSIE Home Loans boss John Symond is stepping down as chief executive to focus on developing new business. Mr Symond said yesterday he would withdraw from the operational side of the Aussie Home Loans business to focus on strategic opportunities to ...

Fannie sounds a warning after $2.3bn quarterly loss - Guardian Unlimited

Fannie Mae slumped to a quarterly loss of $2.3bn (£1.2bn) after the housing market came down "fast and hard", prompting huge liabilities as borrowers defaulted on home loans. Outlining the extent of its exposure to the downturn, the US's largest ...

Fannie Mae loses $2.3B as defaults rise - AZCentral.com

WASHINGTON - Fannie Mae swung to a second-quarter loss that was more than triple what Wall Street expected as conditions in the housing market continued to deteriorate, forcing the mortgage finance giant to make bold cutbacks that will send shock ...

Fitch Takes Various Actions on 1 HSBC Home Equity Loan Trust 2005-2007 ... - Forbes

A spreadsheet detailing Fitch's rating actions on the transactions in question is available on the Fitch Ratings web site at www.fitchratings.com under the following headers: Structured Finance then RMBS then Research Highlights The rating actions ...

Fitch Takes Various Actions on 1 Luminent Mortgage Capital, Inc. 2005 ... - Forbes

A spreadsheet detailing Fitch's rating actions on the transactions in question is available on the Fitch Ratings web site at www.fitchratings.com under the following headers: Structured Finance then RMBS then Research Highlights The rating actions ...

Fitch Takes Various Actions on 1 American Home Mortgage Assets 2005 ... - Businesswire.com

The rating actions taken today reflect Fitch's analysis of expected default and loss from delinquent loans, in addition to projected losses from the currently performing pool. Fitch generates its expectations using its ResiLogic default and loss ...

BankUnited posts wider-than-expected Q3 loss - Reuters

(Reuters) - BankUnited Financial Corp (BKUNA.O: Quote , Profile , Research , Stock Buzz ) posted a wider-than-expected quarterly loss, as it set aside more money for bad loans, and said it was shrinking its residential mortgage loan portfolio. The ...

UPDATE 1-BankUnited posts wider-than-expected Q3 loss - Reuters

Aug 8 (Reuters) - BankUnited Financial Corp (BKUNA.O: Quote , Profile , Research , Stock Buzz ) posted a wider-than-expected quarterly loss, as it set aside more money for bad loans, and said it was shrinking its residential mortgage loan portfolio ...

Last Call: Washington Mutual shares tumble - BusinessWeek

Shares of Washington Mutual Inc., the nation's largest thrift, tumbled Friday after mortgage finance company Fannie Mae reported a larger-than-expected second-quarter loss. Shares lost 31 cents, or 6.2 percent, to $4.66 in afternoon trading. Shares ...

Fannie Mae loses $2.3B in quarter as defaults rise - Forbes

Fannie Mae is making bold cutbacks that will send shock waves through the mortgage market, after posting a quarterly loss Friday that was three-times larger than Wall Street expected. To slow its financial decline, the mortgage finance giant slashed ...

BankUnited Launches Mortgage Assistance Program - Forbes

BankUnited Financial Corp. (NASDAQ:BKUNA), parent company of BankUnited FSB, today launched a comprehensive Mortgage Assistance Program (MAP) to provide relief to thousands of borrowers whose option-ARM loans are no longer optimal for their current ...

BankUnited Launches Mortgage Assistance Program Program Will Offer ... - CNBC

(NASDAQ:BKUNA), parent company of BankUnited FSB, today launched a comprehensive Mortgage Assistance Program (MAP) to provide relief to thousands of borrowers whose option-ARM loans are no longer optimal for their current situations. "This is one of ...

Business events for the coming week - CNBC

WASHINGTON — Results of weekly Treasury auction. PITTSBURGH — Bankruptcy settlement hearing for Countrywide Home Loans. TUESDAY, Aug. 12 WASHINGTON — Commerce Department releases international trade for June. 8:30 a.m.; Department releases ...

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