Mortgage and Financial News From 2007-10-27 Page 8
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Dollar Falls to Record Low Versus Euro Before Fed Rate Meeting
Bloomberg - Oct. 27 (Bloomberg) -- The dollar fell to a record low against the euro on signs a slump in housing is hurting the U.S. economy, bolstering the case for the Federal Reserve to lower interest rates next week. The U.S. currency has weakened three ...
2007-10-27 05:57:00 -
PNB revises interest rate on fixed deposits (The Economic Times)
State-run Punjab National Bank on Saturday announced a 50 basis point increase in interest rates on fixed deposits for term of 1-2 years while slashing rates by 25 basis points on various other maturities.
2007-10-27 06:10:34 -
Are we really that ugly?
AccessAtlanta - I dare anyone to compare it to the Northeast or West. Last February I was in a ... Businesses require an educated workforce and market rates to pay them…Not ... Does it pay your mortgage, tuition, medical bills, or put food on your table? Then ...
2007-10-23 08:40:00 -
Q3 2007 Wachovia Corporation Earnings Conference Call - Final
Insurance News Net - ... believe we're well positioned for opportunities in a now much less crowded mortgage ... and actually cost us net interest income as we borrowed longer term at rates tied ... And so we think that the $1.3 billion that you might compare us with others is ...
2007-10-26 01:30:00 -
More Fiddles That Fleece Us!
Sky.com - Some credit-card cheques do charge low rates of interest (5.9% APR seems to be a ... Naturally, like a good Fool, you shop around to compare repayments across a wide ... Alas, many banks (notably mortgage lenders and personal-loan providers) charge high ...
2007-10-25 05:56:00 -
Top Classifieds (San Jose Mercury News)
Another year of misery in the housing market? WASHINGTON - The current housing slump, which began in late 2005, probably has another year to go before things turn around.
2007-10-27 08:32:14 -
Economic storm brews (Canberra Times)
Dear mortgage-holders, renters, and fellow eaters of fruit and vegetables. What will become of us after the election? These dreaded weekly, fortnightly and monthly partings with the contents of our pay-packets exactly how painful are they going to get?
2007-10-26 05:55:14 -
Housing slump far from over
Boston Globe - ... Charles Schumer, New York Democrat, who has been lobbying the Bush administration to provide more assistance to help homeowners avoid mortgage defaults. The committee's economists caution that their forecast is heavily dependent on how much home ...
2007-10-27 08:13:00 -
Housing woes spill over to department stores
International Herald Tribune - Second, the wealth effect of seeing that a house had risen in value helped to encourage spending, even if the money did not come directly from a mortgage loan. Now there may be a reverse wealth effect, as worries about home values lead to a ...
2007-10-27 09:04:00 -
Home buyers face obstacles
Chicago Tribune - It has become a lot tougher for first-time home buyers to secure a mortgage these days. With the mortgage industry rocked by soaring delinquency and foreclosure rates, particularly in the subprime loans made to people with weaker credit, lenders have ...
2007-10-27 05:50:00 -
Chase Home Lending creating 270 jobs in Monroe (The Shreveport Times)
MONROE — Chase Home Lending will create 270 jobs at its Monroe mortgage service center during the next 10 months, a Chase Bank spokesman confirmed Friday.
2007-10-27 12:13:16 -
Official Calls for Home Loan Oversight (AP via Yahoo! Finance)
A top banking regulator said Friday the federal government and states should work together to create uniform regulations for mortgage lenders in the wake of surging home loan defaults.
2007-10-26 01:56:29 -
Mortgage defaults hit record (San Jose Mercury News)
Chart: Default notices by county | More With home sales plummeting, values sliding and mortgage companies newly picky about who can refinance, more California homeowners than ever before faced foreclosure last quarter.
2007-10-27 01:47:02 -
Home buyers face obstacles (Chicago Tribune)
Credit standards for obtaining mortgage tightened It has become a lot tougher for first-time home buyers to secure a mortgage these days.
2007-10-27 06:09:18 -
Forex Weekly Review and Outlook − Dollar Made Multiple Lows ahead of ...
FXStreet.com - ... against Euro last week as market's focus gradually turned back from risk aversion to interest rates ... Based on current inflation outlook BoJ is widely expected to keep rates unchanged at 0.5% next week. The yen will continue to be driven by risk ...
2007-10-27 07:38:00