Mortgage and Financial News From 2007-9-16 Page 6
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Interest rates cut but no price war
Stuff - The recent easing in wholesale interest rates would previously have resulted in lower mortgage interest rates, but "in the current environment that may not happen to the same degree", Mr Alexander said. Banks would be more cautious about increasing ...
2007-09-16 09:59:00 -
Fed Interest Rate Cut Seen This Week
Forbes - For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to ... If current conditions persist in mortgage markets, the demand for homes could weaken further, with possible implications for the broader ...
2007-09-16 04:55:00 -
Share market investors wait on US rates
News.com.au - ... back in anticipation of the US Federal Reserve Bank's decision on interest rates. ... chairman Ben Bernanke who talks before the House of Representatives on the mortgage ... maternity leave under a Democrats proposal, which would help solve the current ...
2007-09-16 03:36:00 -
TIPS Prove Treasuries' Best as Fed Mulls Lower Rates, Oil Rises
Bloomberg - TIPS Prove Treasuries' Best as Fed Mulls Lower Rates, Oil Rises By Daniel Kruger ... Calabasas, California-based Countrywide Financial Corp., the biggest U.S. mortgage ... accelerate to 3.3 percent in the fourth quarter from 2.6 percent in the current ...
2007-09-16 05:09:00 -
Fed set to lower interest rates this week (KARE 11 Minneapolis-St. Paul)
For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown
2007-09-16 04:46:59 -
Fed may lower interest rates (Denver Post)
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.
2007-09-16 09:40:17 -
Fed expected to cut rates (The Herald)
The Federal Reserve is tomorrow expected to react to the US sub-prime mortgage crisis and knock-on global credit market turmoil by cutting the benchmark US interest rate by at least a quarter-point.
2007-09-16 02:06:40 -
Greenspan: Inflation may warrant double-digit rates in future (USA Today)
Former Fed Chairman Alan Greenspan predicts in a new book out Monday that the Fed will have to raise interest rates to double-digit levels in coming years to thwart inflation.
2007-09-16 05:20:10 -
Fed faces tough call on rates as recession fears mount (AFP via Yahoo! News)
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 03:17:55 -
BUYERS: Lenders tighten loan standards
Denver Post - If the FICO scores were in the 700s, he probably could have gotten it done," said Tamburello, who took his home off the market and plans to refinance. Buyers of investment property also are having a tough time. Nearly three months ago ...
2007-09-16 09:45:00 -
Mortgage mess lesson
Berkshire Eagle - ... sponsored lending agencies to increase their mortgage lending portfolios, ideally squeezing some unregulated and unethical lenders out of the picture and enabling some of the thousands of home-owners around the nation facing foreclosure to refinance ...
2007-09-16 09:16:00 -
Black hole week begins on Wall Street
News.com.au - ... funds to anyone with a significant exposure to risky home mortgage debt. It's a classic catch-22 situation. The tighter credit conditions are compounding and prolonging the US housing downturn, which is making it harder for people to refinance their ...
2007-09-16 02:53:00 -
La Jolla Man Auctions Off Bonds' Home Run Ball (KGTV San Diego)
Home run No. 755, the ball that tied the record, auctioned for $186,750.
2007-09-16 12:35:50 -
National view of mortgage mess is not so disastrous
San Francisco Gate - 09-16) 04:00 PDT Washington -- Just how bad is the foreclosure situation? If you caught summaries of the latest delinquency and foreclosure numbers released by the Mortgage Bankers ... words, among mortgages made to borrowers with good credit at ...
2007-09-16 01:53:00 -
Wall Street Anticipates Interest Rate Cut
FOX News - ... policy-makers to cut interest rates next Tuesday to help ease a global credit ... Investors will want to see if the subprime mortgage trauma has worsened for four big ... both Bianco and Cuggino said the overall U.S. economy is not in that bad shape. ...
2007-09-16 09:02:00