Mortgage and Financial News From 2007-9-16 Page 4
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SKorean shares outlook - Higher on hopes for US rate cut
Forbes - There are worries that the Fed may defy market expectations and keep interest rates at current levels, traders said. But investors may take comfort on hopes that South Korea's benchmark KOSPI might be included in the Financial Times Stock Exchange ...
2007-09-16 05:16:00 -
Fed Appears Poised To Lower Interest Rates (CBS4 Miami)
For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession. CBS News Interactive: Inside the Fed
2007-09-16 08:15:00 -
Federal Reserve faces tough call on interest rates; recession fears mount (Chinapost.com.tw)
WASHINGTON -- Federal Reserve policymakers face tough choices as they debate interest rates amid rising recession risks, but also concerns about inflation and a "bailout" of real estate speculators, analysts say.
2007-09-16 07:00:19 -
US Federal Reserve set to cut interest rates (Stuff)
A long period of stasis in US Federal Reserve monetary policy looks certain to end on Tuesday with a US interest-rate cut, leaving the question of how much further rates may drop and how fast.
2007-09-16 05:04:29 -
US Fed set to cut interest rates (The New Zealand Herald)
CHICAGO - A long period of stasis in Federal Reserve monetary policy looks certain to end on Wednesday (NZ time) with a US interest-rate cut, leaving the question of how much further rates may drop and how fast.
2007-09-16 08:05:08 -
Fed set to cut interest rates (Reuters via Yahoo! News)
A long period of stasis in Federal Reserve monetary policy looks certain to end on Tuesday with a U.S. interest-rate cut, leaving the question of how much further rates may drop and how fast.
2007-09-16 08:50:21 -
Personal Finance: If you lose your home, tax hit may add to agony
Modesto Bee - How can I possibly owe tax when I'm making no profit and losing all the equity in my home? When you took out your mortgage, the lender gave you money, but you weren't taxed on it because an offsetting obligation, your debt, was created at the same ...
2007-09-16 05:27:00 -
UPDATE 3-Northern Rock braced for takeover as savers flee
Reuters UK - As fears grew the crisis engulfing Britain's fifth-biggest mortgage lender could soon spread to the housing market and wider economy, one option mooted was that Northern Rock's 100 billion-pound home loan portfolio would be carved up among the ...
2007-09-16 04:04:00 -
Mortgage crisis spreads to sub-prime car loan market
Times Online - Wall Street is worried that the same mortgage borrowers who are falling behind with their home loan repayments will also miss repayments on their car ... repossession in the car market is far more rapid that in the housing market: “A nonprime lender ...
2007-09-16 02:53:00 -
NAB tipped a suitor for UK lender
News.com.au - ... is almost certain to be sold off or broken up after aggressively building a mortgage ... The high-profile lender sponsors Newcastle United Football Club, the team of ... say on bank fees Listing delay: Explorer's loss up Recession: Risks in non-bank home ...
2007-09-16 07:18:00 -
Malaysian shares outlook - Flat ahead of Fed rate decision
Forbes - He said the Bank of England's bailout of Northern Rock Plc, the UK's fifth-largest mortgage lender, last week showed that the credit crunch sparked by the home loan crisis in the US is far from over. He said this could put local banking stocks under ...
2007-09-16 05:45:00 -
BoE props up wounded mortgage lender (AAP via Yahoo!Xtra News)
Britain's financial authorities have stepped in to rescue mortgage lender Northern Rock as the group, fell victim to the sharp rise in borrowing costs.
2007-09-14 02:21:11 -
Future of British mortgage lender in question after run on deposits (International Herald Tribune)
British financial officials try to reassure depositors with accounts in Northern Rock that their money is safe even as the lender's chief executive raises questions about its ability to remain independent.
2007-09-16 12:19:48 -
Bank of China says loans must be curbed
Sydney Morning Herald - The People's Bank of China raised interest rates over the weekend for the fifth time in as many months after inflation jumped to 6.5 per cent and the Shanghai composite share index rose to almost double its level at the start of this year. One-year ...
2007-09-16 02:17:00 -
Nursing shortage to get even worse in N.C. area
The State - Nursing shortages are already a reality in western North Carolina, although vacancy rates are not as high as they are in ... Cleary said the biggest problem, however, might not be a lack of interest in nursing. “Even with all the good news, the ...
2007-09-16 10:28:00