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Finance and Mortgage News

Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly-owned subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to the KBW Bank Index (Index Symbol: BKX(SM), ETF Symbol: KBE(SM)) and KBW Mortgage Finance Index (MFX).


July 3 (Bloomberg) -- Australian Finance Group Ltd. , the country's biggest mortgage broker, said sales fell 22 percent in June, capping the second straight quarterly decline, as interest rates at 12-year highs increased the costs of buying a home.


Fitch Ratings-London-03 July 2008: Fitch Ratings has today assigned Leek Finance Number 20 plc's GBP1,489m mortgage-backed floating-rate note due 2039 a rating of 'AAA' with Stable Outlook.


The Federal Reserve has sent a pretty clear signal to the markets that it stands ready to push interest rates higher to fight inflation. If you are a homeowner with an adjustable-rate mortgage, you can pretty much interpret that as well as a signal to jump into a fixed-rate loan as quickly as you can.


NEW YORK----Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly-owned subsidiary of KBW, Inc. , today announced upcoming changes to the KBW Bank Index and KBW Mortgage Finance Index .


Sales of mortgages continue to fall, prompting Australia's biggest mortgage broker to declare the nation is in a "mortgage recession". Australian Finance Group (AFG) says a count of mortgages brokered by its nationwide network fell sharply in June.


Corus Bankshares Inc. said that its banking subsidiary, Corus Bank, closed a $60 million loan to a joint venture between The Cohen Cos. and O’Connor Capital Partners L.L.C. to finance the construction of Velocity, a 14-story condominium building located at 1025 First Street SE in Washington, D.C. Situated in the Near Southeast neighborhood just North of the nearly completed Washington Nationals ...


KUALA LUMPUR, July 4 (Bernama) -- Cagamas HKMC Bhd is offering a new mortgage guarantee facility, the Mortgage Guarantee Programme (MGP), to financial institutions particularly mortgage originators.


NEW YORK (Reuters) - CIT Group Inc (CIT.N) said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its shares 14 percent in premarket trading.


The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%.



 
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