Mortgage and Financial News From 2007-9-6 Page 31
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Stocks retreat on continued interest rate uncertainty (Lincoln Journal Star)
NEW YORK — Stocks finished sharply lower Wednesday as Wall Street sold off on a report showing a large drop in pending home sales and anecdotal data from the Federal Reserve’s regional banks offered little more assurance that an interest rate cut is likely.
2007-09-05 02:48:51 -
Another 7% cut on housing loan interest rate (Sun Star)
IN AN effort to make housing "truly affordable and accessible," Vice President and concurrent Chairman of the Housing and Urban Development Coordinating Council (HUDCC) and the Pag-IBIG Fund Board of Trustees, Noli "Kabayan" De Castro, announced that the Pag-IBIG Fund has further reduced the interest rate for housing loans worth above P300,000 up to P750,000 to seven percent.
2007-09-05 11:13:16 -
Jittery market off sharply Home sales report and interest rate fears send Dow down more than 140 points (Sarasota Herald-Tribune)
NEW YORK -- Stocks finished sharply lower Wednesday as a jittery Wall Street sold off on a report showing a large drop in pending home sales and read anecdotal data from the Federal Reserve's regional banks as offering little more assurance that an interest rate cut is likely. The Dow Jones industrial average dropped more than 140 points.
2007-09-06 02:09:17 -
South Korea May Keep Key Interest Rate at Six-Year High of 5% (Bloomberg.com)
Sept. 6 (Bloomberg) -- The Bank of Korea will probably leave its benchmark interest rate at a six-year high after two consecutive increases and as it gauges the effect of the U.S. housing recession on global economic growth.
2007-09-05 03:22:34 -
Iceland Keeps Benchmark Interest Rate at Record 13.3% (Bloomberg.com)
Sept. 6 (Bloomberg) -- Iceland's central bank kept its benchmark interest rate unchanged at a record high on signs a tight labor market is fueling wage growth and inflation.
2007-09-06 02:22:44 -
Bank of England May Keep Key Interest Rate at 5.75% (Update1) (Bloomberg.com)
Sept. 6 (Bloomberg) -- The Bank of England may leave its benchmark interest rate unchanged today as policy makers try to prevent an increase in corporate borrowing costs from hurting growth, a survey of economists showed.
2007-09-06 02:21:24 -
The Carlisle Ymca Has Outpriced The Community It Serves
Cumberland County Sentinel - ... of 5-year olds who are enrolled in the swim team or soccer programs and compare ... Here's a direct link for all the rates, but note that these rates are effective ... Under mortgage, car payment, taxes, food and gas, I would also suspect that a family ...
2007-09-02 05:54:00 -
Auto Makers Report Mixed August U.S. Sales
Wall Street Journal - ... to continuing housing woes and reduced credit tied to the subprime-mortgage squeeze. Some industry officials renewed calls on the Federal Reserve to cut interest rates to ... Compare it to other full-size flex-fuel pickups: Ford's F-150, Dodge's Ram and ...
2007-09-05 07:49:00 -
Ditech Mortgages : Smarter
Colleyville Courier - Get Low Fixed Rates, Lending Costs & Quick Approval on New Mortgages . Compare up to four free mortgage quotes by completing an easy online form. Competitive rates from leading mortgage companies. No obligation. Available throughout America ...
2007-09-05 04:25:00 -
Pending home sales sink in July amid market woes
AZCentral.com - WASHINGTON - A near-record low for an index that forecasts near-term home sales suggests borrowers in expensive areas are struggling to finalize home purchases amid mortgage market troubles. The National Association of Realtors said Wednesday that ...
2007-09-05 07:02:00 -
Miniorities pay high rates in Columbia
The State - The ACORN study was based on 2006 data filed by lenders to federal regulators under the Home Mortgage Disclosure Act representing two-thirds of all mortgage originations. The National Community Reinvestment Coalition study was based federal data for ...
2007-09-05 08:28:00 -
Victims sought shelter behind barricade in B.C. home
Globe and Mail - And the family home, which is listed for sale at just over $1-million, was bought last fall with a large mortgage: $685,000 at an interest rate of three points over prime. Craig Young, a Victoria lawyer who represented Ms. Song as well as the claimant ...
2007-09-05 09:25:00 -
Mortgage insurer retreats from deal to acquire rival
Chicago Tribune - The two firms had been equal partners in C-Bass, a $1 billion partnership that bet on mortgage credit risk by buying home loans and investments backed by mortgage debt. But mounting delinquencies and defaults pushed banks to make margin calls ...
2007-09-05 11:48:00 -
National Australia Bank Forced to Bail Out Debt Funds (Update2)
Bloomberg - Mortgage Rates Australia & New Zealand Banking Group Ltd., the nation's third-largest bank, has moved A$2.5 billion of loans back onto its balance sheet, and may shift the remaining A$2.1 billion by the end of this fiscal year, spokesman ...
2007-09-05 11:48:00 -
Pending Home Sales Index Posts Sharp Decline, Markets Remain Nervous
FXStreet.com - Boston, New York, Richmond, Chicago, Kansas City and Dallas mentioned tightening for both residential mortgages and business loans, while financial institutions in Atlanta and San Francisco said tighter standards were aimed primarily at home mortgage ...
2007-09-05 06:34:00