Mortgage and Financial News From 2007-9-6 Page 32

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  • Banks urged not to lift interest rates

    News.com.au - ... difficult, to raise funds ... it does not justify major banks increasing interest rates,'' he said. ”Those banks are highly profitable and well-capitalised. There are no grounds for them to use this as an opportunity to increase home mortgage ...
    2007-09-05 07:59:00
  • Australian Central Bank to Buy Mortgage-Backed Debt (Update5)

    Bloomberg - Sept. 6 (Bloomberg) -- Australia's central bank said it will buy debt backed by home loans to add cash to the financial system, after the U.S. subprime credit rout eroded demand for asset-backed securities and drove up interest rates. The rate banks ...
    2007-09-05 11:48:00
  • Pending home sales index near record low

    St. Petersburg Times - 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 its seasonally ...
    2007-09-05 09:25:00
  • Pending home sales plunge

    Seattle Times - 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 its ...
    2007-09-06 12:24:00
  • Countrywide Financial Cuts 900 More Jobs

    Wall Street Journal - Countrywide Financial announced an additional 900 job cuts as the home-mortgage lender reduces costs in the face of a drop in lending volumes and rising defaults. The job reductions are in addition ... • THE FULL WSJ.com ARTICLE IS ONLY AVAILABLE ...
    2007-09-05 10:15:00
  • Minorities pay more for home loans

    Baltimore Sun - The study released yesterday by ACORN, a national community organization for lower-income families, is based on public disclosures from lenders about applicants and home loans they extend, as required under the Home Mortgage Disclosure Act. Similar ...
    2007-09-06 12:17:00
  • Pending Home Sales Index Falls Largely on Mortgage Tightening (PR Newswire via Yahoo! News)

    Pending home sales, a forward-looking indicator, shows existing-home sales are likely to decline in coming months as mortgage disruptions work their way through the housing market, according to the National Association of Realtors(R).
    2007-09-05 07:00:00
  • Is the national mortgage mess complicating your home purchase or sale? We want to talk to you (The Journal News)

    Financially-troubled lenders, such as American Home Mortgage Investment Corp., have posed a problem for some homebuyers in the Lower Hudson Valley. American Home's bankruptcy filing last month sent buyers scrambling to line up new financing.
    2007-09-05 03:36:18
  • Inflation fixation to blame, say experts

    New Zealand Herald - ... and expenditure select committee yesterday, argued that a vicious circle of unintended and undesirable consequences arose from the current approach. When the Reserve Bank forecasts inflation to be above its target band it raises interest rates to ...
    2007-09-05 09:32:00
  • Whole Foods Market(R) Supports Small Agricultural Producers Through ...

    PR Newswire - ... TM), in Montague, New Jersey, has been certified organic since 1991, growing from 4 1/2 acres to their current ... The loans assist small producers in growing their businesses with affordable interest rates of five to nine percent. The program ...
    2007-09-05 09:04:00
  • Bank of Marin Bancorp to Present at West Coast SuperCommunity Bank ...

    MSN MoneyCentral - Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in ...
    2007-09-05 05:15:00
  • European govt bonds jump as weak US data increases chances of Fed rate ...

    Forbes - Although both are expected to leave interest rates unchanged, any comments on the current market turmoil will be scrutinised for hints that monetary tightening may resume once the credit crisis normalises. The ECB today helped very short-term bonds ...
    2007-09-05 09:29:00
  • OECD warns on US slowdown

    MSN MoneyCentral - The expansion in Japan was set to continue but the Bank of Japan should also wait for the current market volatility to subside and for a clear end to deflation before raising interest rates, the OECD said. Mr Cotis called for better regulation to ...
    2007-09-05 01:11:00
  • Calls for ECB to maintain interest rates

    Irish Examiner - Bookmakers Betfair suggest the punter is the best judge of how the ECB will act. It is betting the ECB will leave eurozone interest rates unchanged. Betfair has reported a late flurry of bets on rates remaining at their current level. The odds on no ...
    2007-09-05 05:22:00
  • U.K. Rates Seen on Hold

    CNBC - The head of private equity for Qatari Investment Authorities said Tuesday that the current credit turmoil presents ... Global interest rates are a key focus for markets in the wake of the recent credit crunch. CNBC's Steve Sedgwick speaks to Espen ...
    2007-09-03 05:53:00