Mortgage and Financial News From 2007-10-27 Page 9
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Dollar hits fresh record low against euro
DAWN Group - The data only bolster the case that the Federal Reserve will cut interest rates from the current 4.75 per cent in an effort to support the economy. The Fed last month slashed rates by a hefty half-point to try to shield the world’s largest economy ...
2007-10-26 11:02:00 -
Housing slump dragging on
Dubuque Telegraph Herald - WASHINGTON (AP) -- The current housing slump, which began in late 2005, probably has another year to go before things ... strong," Seiders said. "We believe job growth will remain solid, personal incomes will continue growing and interest rates will ...
2007-10-27 07:16:00 -
JGBs slide as stocks gain, Treasuries slip
Reuters - Both indicators reinforced the widely held view the BOJ will keep interest rates at the current 0.5 percent for a while. But investors found it difficult to trade on those figures as they did not give a clear picture about when the next BOJ rate ...
2007-10-24 05:57:00 -
Interest rates, competition affect Ford sales in 2007-08
Economic Times - NEW DELHI: Ford India, the local unit of the US carmaker, today said high interest rates and increased competition impacted its sales in the current fiscal but demand was picking up in the festival season. "It's hard to predict whether we would be ...
2007-10-26 04:07:00 -
Eurozone growth loses further momentum
Financial Times - However, Mr Weber's views do not appear to be widely shared among ECB members – reinforcing expectations that ECB interest rates will remain at the current 4 per cent for some time. The purchasing managers' indices are regarded as good forward ...
2007-10-23 05:58:00 -
Fitch Rates Ohio's Major New State Infrastructure Proj Revs 'AA-'
Forbes - Fitch Rates Ohio's Major New State Infrastructure Proj Revs 'AA-' 10.26.07, 5:20 ... With the current sale, a prior covenant to seek a deficiency appropriation has been ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
2007-10-26 02:20:00 -
Fitch Rates Honolulu, Hawaii $483MM GO's 'AA'
Forbes - Fitch rates the City and County of Honolulu, Hawaii's general obligation (GO ... Fitch views the current reserve levels as prudent for a tourism-based economy ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
2007-10-26 04:07:00 -
Canadian Dollar Touches Highest Since 1974 on Record Crude Oil
Bloomberg - ... move that would eliminate the U.S.'s interest-rate ... manufacturers' optimism is waning for the current three-month period, as new orders decline and a growing number of factory managers predict weakening production.
2007-10-27 06:55:00 -
Oil price hits record high on Iran tensions
IranMania News - ... Current Affairs | Pictorial | | Flowers to Iran ... record low against the euro on Friday after poor US economic data heightened expectations of a fresh cut to US interest rates ...
2007-10-27 04:39:00 -
Dodgy sums in rhetoric by ALP
News.com.au - A little over 18 months after unemployment hit one million, interest rates were jacked up 2.75 per cent. There is another significant difference between the records of the last Labor government and the current Coalition Government which Rudd and the ...
2007-10-27 06:48:00 -
PM admits wrong on rates (Daily Telegraph)
THE Prime Minister has admitted ting that a Liberal advertisement during the 2004 campaign promising to "keep interest rates at record lows" was dishonest.
2007-10-26 07:00:00 -
American Dream Turns Into a Foreclosure Nightmare
The Ledger - She fell behind on her mortgage payments, and her lender started the foreclosure process in September 2005 on a $228,650 mortgage she ... In 2002, after the original $37,500 home mortgage established by her late father was paid off, she took out the ...
2007-10-27 05:36:00 -
After $1.2 billion loss, lender predicts profit
Herald Tribune - LOS ANGELES -- Just a couple of months ago, worries that the home loan crisis would sink Countrywide Financial Corp., the nation's largest mortgage lender, sent customers bolting to yank their savings from the company's banking subsidiary. Now ...
2007-10-27 05:57:00 -
Congress mixing and matching mortgage relief
St. Petersburg Times - Titled the Home Ownership Mortgage Emergency Act, the bill would allow certain borrowers who are 60 days ... Kanjorski, D-Pa., the Escrow, Appraisal and Mortgage Servicing Improvements Act would ban all forms of lender or broker interference in appraisers ...
2007-10-27 06:48:00 -
U.S. Stocks Advance as Microsoft, Apple Allay Recession Concern
Bloomberg - Countrywide Financial Corp. fueled gains after the largest U.S. mortgage lender said profit will rebound from its first quarterly loss in 25 years. Yesterday, Countrywide shares surged the most since at least 1982. Yields on U.S. Treasury ...
2007-10-27 05:57:00