Mortgage and Financial News From 2007-10-9 Page 29
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Foreclosures Spurring Suburban Blight
CBS News - But with the spike in adjustable mortgage rates the flood of buyers turned into a flood of defaults - 11,000 in the county in the past 18 months. Not long ago an overgrown area with a murky pool that Blackstone toured was someone's backyard paradise ...
2007-10-08 04:14:00 -
FORUM: What questions would you like to ask the GOP candidates? (Detroit Free Press)
HOMES FOR SALE • Search New Construction and Existing Homes across metro Detroit and Michigan. • Mortgage rates from lenders nationwide. RENTAL PROPERTIES • Find apartment communities, corporate housing, and senior living developments.
2007-10-08 05:22:01 -
BOJ May Keep Rates Unchanged as Small Firms' Confidence Wanes (Bloomberg.com)
Oct. 9 (Bloomberg) -- The Bank of Japan will probably keep interest rates unchanged this week as policy makers assess the effect of the U.S. housing recession on economic growth and confidence at small companies deteriorated.
2007-10-08 06:01:55 -
Fitch Rates FP&L Mortgage Bonds 'AA-'; Outlook Stable (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has assigned an 'AA-' rating to Florida Power & Light Company's new $300 million issue of first mortgage bonds, 5.55% series due Nov. 1, 2017. Proceeds will be added to general corporate funds and may be used to repay short-term borrowings and for other corporate purposes.
2007-10-08 01:45:00 -
Mortgage Rates Head Downward (Builder Online)
WASHINGTON -- Rates on 30-year mortgages fell this week after two consecutive increases, providing a break for potential home buyers and the beleaguered housing industry.
2007-10-08 09:54:29