Mortgage and Financial News From 2007-10-28 Page 9
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Props holding up values of risky mortgage securities are giving way (International Herald Tribune)
The $30 billion in losses and write-downs taken by big brokerage firms in the third quarter are not likely to be the last.
2007-10-28 06:36:14 -
Keeping an eye on federal deposit insurance limits (San Jose Mercury News)
NEW YORK - When the $2.5 billion NetBank was closed by federal regulators last month, some 1,500 of accounts in the online bank had balances that exceeded federal deposit insurance limits.
2007-10-28 02:17:58 -
Feeling the big squeeze
Medford Mail Tribune - And many mortgage lenders permit deductibles of $3,000 to $5,000 on homeowners insurance. You assume greater out-of-pocket risk, but you could save $100 a month or more by raising your deductibles. Of course, the most immediate boost to your cash flow ...
2007-10-28 01:53:00 -
Nuclear, Solar/Wind Power or Vegetables of the New World Order.
OpEdNews.com - Even though dire warnings of a global recession due to the greed and shenanigans of the rich Hedge Funds, sub-prime mortgage lenders and banks, precipitated a housing crash. Nobody can say that the writing was not on the wall. So he is a good man ...
2007-10-28 08:12:00 -
We’re adjusting to changing times and a changing market
HometownAnnapolis.com - We were affected just as much as the local mortgage lenders, settlement attorneys and builders. But declining revenues didn’t come from a lack of trying — they were a result of market and readership changes. So we are doing what any good business ...
2007-10-28 08:48:00 -
Mortgage Lenders Taking Big Risk in Michigan (WLNS Lansing)
Study finds 3 markets in Michigan are some of the riskiest.
2007-10-28 06:45:00 -
Cut some slack, lenders urged (Everett Herald)
A survey finds that many mortgage lenders could do more to help borrowers avoid foreclosures.
2007-10-28 12:14:08 -
Interest rate promise haunts Howard
Australian Broadcasting Corp. - The Prime Minister, John Howard, has again moved to defend the Coalition's record on previous election promises, saying voters are more interested in the future than a promise he made in the 2004 election campaign to keep interest rates at record ...
2007-10-28 01:10:00 -
RPT-Wall St Week Ahead: Stocks hope for a Halloween rate cut
Reuters - NEW YORK, Oct 28 (Reuters) - Wall Street expects a two-day Federal Reserve meeting this week to end with another cut in interest rates as financial firms struggle with losses tied to subprime mortgages and related securities. Trading in November fed ...
2007-10-28 07:37:00 -
Norwegian Krone Set for Weekly Decline on Interest-Rate Outlook
Bloomberg - Oct. 26 (Bloomberg) -- Norway's krone headed for its biggest weekly decline versus the euro in three months as investors scaled back bets the central bank will keep raising interest rates. The krone traded near the lowest in a month on speculation a ...
2007-10-26 03:28:00 -
Mexico hikes interest rate as food inflation looms
San Diego Union-Tribune - MEXICO CITY – Mexico's central bank on Friday unexpectedly raised its key interest rate for the first time in six months to dodge a potential spike in inflation caused by high global food prices. The bank said pressures on food prices have ...
2007-10-25 05:56:00 -
Yields again pull investors toward junk bond funds
Chicago Tribune - These bonds were punished by the subprime-lending crisis this summer, but investors have since been lured back by their returns. Last month's interest-rate cut by the Federal Reserve made their yields more attractive than those of more conservative ...
2007-10-27 11:51:00 -
Stocks hope for a Halloween rate cut
CNBC - NEW YORK - Wall Street expects a two-day Federal Reserve meeting this week to end with another cut in interest rates as financial firms struggle with losses tied to subprime mortgages and related securities. Trading in November fed funds futures show ...
2007-10-28 07:51:00 -
Labor puts pressure on over interest rates
Australian Broadcasting Corp. - John Howard is defending his record on interest rates, but Kevin Rudd says he has broken a promise (File photo). (AAP/AFP) Video: Interest rate promise haunts Howard (ABC News) Video: Rate rise pressure building: survey (ABC News) Related Story ...
2007-10-28 04:09:00 -
IMF brushes off drop of U.S. dollar to record lows
International Herald Tribune - Federal Reserve Board interest rate cut this week would not be the last sent the dollar to new lows against the euro and a basket of currencies Friday. "The important thing on currencies is certainly that we avoid abrupt changes and that the recent ...
2007-10-28 06:11:00