Mortgage and Financial News From 2007-9-8 Page 11
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ECB still pursuing rate rise policy
MSNBC - The European Central Bank has delayed but not dropped plans to raise interest rates on the back of robust eurozone growth. However, financial market turmoil may make it more circumspect in signalling its intentions, a leading member of its governing ...
2007-09-08 04:40:00 -
The Dirty Toilet Principle: The Fed and the Housing Bubble
Common Dreams - ... like Las Vegas, San Diego and Miami, are now falling at double-digit annual rates ... throw millions of people out of homes where they can no longer afford the mortgage ... calculator like this: http://ray.met.fsu.edu/~bret/amortize.html. Compare it to how ...
2007-09-04 05:59:00 -
No clear signal for cell phone rebate, forms
Chicago Sun-Times - Those issuers charged median interest rates of 9 to 11 percent, compared with 17 ... because you've made a late payment on another account, such as a car loan, mortgage ... Another great place to compare credit-card offers -- and to research mortgages ...
2007-09-07 12:05:00 -
Yen Advances as Carry Trades Reverse on Stock-Market Declines
Bloomberg - They compare with rates of 8.25 percent in New Zealand and 6.50 percent in Australia. The ... headed for a weekly decline against the euro on speculation the U.S. subprime-mortgage crisis will prompt the Federal Reserve to lower interest rates ...
2007-09-07 12:05:00 -
Fred and Ann and Dave and Larry
Slate - The current recovery is slower but presumably more solid. ... [ You think the current mortgage mess/housing bubble isn't as big a deal as the dot.com bubble?--ed I think that.] 10:50 A.M. _____ His Pet Gloat : I wish I could say ...
2007-09-07 12:05:00 -
Rasmala August ME market report
Mena Report - ... fund managers readjusted their portfolios in light of the US sub-prime mortgage ... but escalating inflationary pressures are putting pressure on real growth rates ... around 3% in the first-half of 2007 over the same period last year did not compare ...
2007-09-08 03:07:00 -
Posted: 08-09-2007 , 10:11 GMT (Mena Report)
Global equity markets witnessed one of the most rapid and severe corrections on record during the month of August, as global fund managers readjusted their portfolios in light of the US sub-prime mortgage crisis and the resultant credit squeeze.
2007-09-08 03:20:14 -
Housing ills rain on economy
Chicago Tribune - The process was built on the assumption that home prices would keep going up in value. And homeowners, mortgage lenders, Wall Street investment banks and financial institutions eventually paid the price of naivete or greed. Homeowners' predicament When ...
2007-09-08 05:44:00 -
Troubled lender Countrywide announces more job cuts
The Money Times - Early last month, American Home Mortgage Investment Corp., once the 10th biggest mortgage lender in the United States, announced that it was eliminating 6,000 jobs and then filed for bankruptcy protection. Shares of Countrywide rose 19 cents to $18 ...
2007-09-08 02:31:00 -
Farmers Struggle With Insurance Costs
US News and World Report - The money problems included using up savings, being forced to take off-farm employment, delaying investments in their operation, and difficulty paying rent, mortgage and other bills. Most of the 10 percent of respondents who reported that all, or at ...
2007-09-08 01:55:00 -
IndyMac to Cut 10 Percent of Jobs; May Post a Loss (Update3)
Bloomberg - Sept. 7 (Bloomberg) -- IndyMac Bancorp Inc., the second- biggest U.S. mortgage company, plans to cut 10 percent of its workforce and lower the dividend as housing sales falter and home-loan defaults climb. It may post a loss for the first time in at ...
2007-09-07 12:05:00 -
August Home Sales Take a Major Plunge
Los Angeles Business Journal - The expanding mortgage crisis and credit crunch slammed the Los Angeles housing market in August, with home sales plunging 50 percent from the same month last year and 25 percent from July. Sales of new and existing homes in Los Angeles County slid ...
2007-09-08 06:34:00 -
Bruss: PMI loan market thrives in spite of 'mortgage meltdown'
Nashville Tennessean - Despite all the negative publicity about the so-called "mortgage meltdown" with more than 100 major mortgage lenders either filing bankruptcy or being unable to fund their home loan commitments, low- and no-down-payment PMI (private mortgage in ...
2007-09-08 05:58:00 -
Treasuries Extend Two-Month Rally on Expectation of Rate Cut
Bloomberg - Bernanke said Aug. 31 the central bank will ``act as needed'' to limit the adverse economic effects of higher borrowing costs stemming from mortgage defaults. Retail Sales The Commerce Department is forecast by 55 economists ...
2007-09-08 05:51:00 -
Bin Laden Slams Capitalism in New Video
Los Angeles Times - ... grasp of current events, dropping mentions of global warming and saying Americans are "reeling under the burdens" of a mortgage ... Missing Girl's Parents Want to Go Home - Bin Laden Slams Capitalism in New Video - Sunni Bloc Returns to Iraqi Parliament ...
2007-09-08 06:05:00