Mortgage and Financial News From 2007-9-26 Page 9

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  • Canada Dollar Little Changed on Speculation Rate Will Not Rise

    Bloomberg - ... on speculation the Bank of Canada will put off raising interest rates. The Canadian dollar declined against 10 of the 16 most- actively traded currencies after central bank Governor David Dodge yesterday said the dollar's current level was ...
    2007-09-26 01:44:00

  • Fitch Rates Southern California Public Power Authority $511.5MM Gas ...

    Forbes - ... with provisions that provide for timely payment of debt service regardless of changes in natural gas prices, interest rates, gas ... Fitch views collateralized agreements as being a sufficient structural provision to support the current rating on the ...
    2007-09-26 02:12:00

  • Overview: Dollar sinks but equities rise (FT.com via Yahoo! News)

    The dollar remained under pressure on Wednesday, touching a record low against the euro for a fifth successive day amid mounting expectations for further cuts in US interest rates.
    2007-09-26 11:15:57

  • France calls for lower European interest rates (Guardian Unlimited)

    Finance minister Christine Lagarde tells GU of need for downward pressure on the euro.
    2007-09-26 05:55:52

  • Strong UK economic data lessens chance of interest rate cut (The Herald)

    The economy grew more strongly than expected in the first half, according to official figures which could reduce the likelihood of the Bank of England cutting interest rates next week.
    2007-09-26 02:21:50

  • Economic growth 'won't derail rates cut' (The Scotsman: Business)

    A CUT in interest rates is still on the cards despite yesterday's revelation that the UK economy grew faster than previously estimated in the first half of the year.
    2007-09-26 05:17:42

  • Global interest rates to fall less quickly than markets expect - L&G (Sharewatch)

    LONDON (Thomson Financial) - Interest rates around the world will remain higher than markets expect over the coming year as inflation concerns prevent central banks from easing monetary policy aggressively, a UK fund management group said.
    2007-09-26 06:32:06

  • Fremont Says Ford Isn't Prepared to Complete Purchase (Update3)

    Bloomberg - Agreements to acquire mortgage companies including San Diego-based Accredited Home Lenders Holding Co. and PHH Corp., a lender based in Mount Laurel, New Jersey, have collapsed this year as U.S. foreclosures rose to a record. Ford's deal was supposed ...
    2007-09-26 07:53:00

  • Md. regulator probes lender over bounced checks

    Baltimore Sun - NEW YORK - American Home Mortgage Investment Corp. bounced property tax checks for some Maryland homeowners, local and state officials said today, and they have demanded an explanation from the bankrupt mortgage lender and servicer. The Maryland ...
    2007-09-24 01:10:00

  • Northern Rock: An End In Sight?

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... Shares in Britain's fifth largest mortage lender soared on Wednsesday, after it ... The news gave a boost to the rest of the financial sector, and particularly mortgage ...
    2007-09-26 12:18:00

  • Wall St climbs after GM accord, Bear Stearns report

    CNBC - HOME ... value in companies plagued by their exposure to the stricken subprime mortgage ... However, shares of student lender Sallie Mae declined 2.7 percent to $45 ...
    2007-09-26 02:55:00

  • Bear Stearns Gains on Speculation About Stake Sale (Update5)

    Bloomberg - Sept. 26 (Bloomberg) -- Bear Stearns Cos., the securities firm hit hardest by the collapse of the subprime mortgage market ... China Construction Bank is the nation's second-largest lender by assets. Its shares rose 32 percent on its first day of ...
    2007-09-26 03:53:00

  • First Magnus, WaMu reach mortgage deal

    AZCentral.com - ... Corp. that will allow it to keep more than $1 billion in mortgage loans that it bought from the failed mortgage lender. In ... First Magnus, WaMu reach mortgage deal More home price drops likely to stall consumer spending U.S. existing home sales drop to ...
    2007-09-26 03:02:00

  • Bernanke and the Fed must weigh danger of inflation against risk of ...

    The Australian - But so did long-term interest rates, inflation expectations and the price of gold. The dollar tumbled to its lowest level against major currencies. Moreover, unit labour costs rose 4.9 per cent, year-on-year, in the second quarter of 2007, as ...
    2007-09-26 11:28:00

  • Make the Most of Falling Interest Rates

    Motley Fool - Many experts expect interest rates to continue getting cut, at least in the near future. The Bankrate.com (Nasdaq: RATE ) CD Rate Trend Index recently showed 75% of those prognosticators expecting a short-term dip in CD rates, versus 25% expecting no ...
    2007-09-26 07:53:00

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