Mortgage and Financial News From 2007-9-24 Page 01
Previous Day: 2007-09-23
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IMF Raises South Korea's GDP Forecast, Sees Room for Rate Cuts
Bloomberg - ... and contained inflation will allow the central bank to lower interest rates, the ... leaving borrowing costs unchanged as they assess whether the U.S. subprime-mortgage ... expanded for 17 straight quarters, helping reduce the jobless rate to the lowest ...
2007-09-23 05:58:00 -
Suddenly a Good Bear Is Hard to Find as Stocks Rise (Update1)
Bloomberg - ... 6 trillion from global equity markets and prompted the Fed to cut interest rates ... the MSCI World Index's price-to-earnings ratio down to 15.99 last month, the lowest ... credit costs between banks surged to the highest in six years and subprime mortgage ...
2007-09-24 10:26:00 -
BOJ Refrained From Raising Rate on Market Turmoil (Update2)
Bloomberg - Sept. 25 (Bloomberg) -- The Bank of Japan refrained from raising interest rates in ... will probably push for raising Japan's 0.5 percent key overnight rate, the lowest ... Many members said the rising mortgage defaults could affect the U.S. economy by ...
2007-09-23 05:58:00 -
Daily Forex Technical Report − EUR/USD Watching Ifo and US Existing ...
FXStreet.com - ... Apr/May this year It's expected to drop further from 105.8 to 105.0 in Sep, lowest ... IMF also warned that the UK sub-prime mortgage market is comparable to the US. BoJ ... Though the meeting was resulted in an 8-1 vote to keep rates unchanged at 0.5 ...
2007-09-24 11:33:00 -
Credit crisis likely to be 'protracted,' IMF says
International Herald Tribune - ... of financial market turbulence set off by losses in the U.S. subprime mortgage market ... of its major peers before data Tuesday that economists expect to show the lowest ... Higher market interest rates could curb capital investment by companies, or most ...
2007-09-24 11:44:00 -
U.S. Stocks Decline, Led by Banks; JPMorgan, Exxon Shares Fall
Bloomberg - ... economic instability sent the Standard & Poor's 500 Index to the lowest level in a ... S. economic growth and prompted the Federal Reserve to lower interest rates last ... The brokerage may be understating losses from its $47 billion in mortgage-related ...
2007-09-24 02:15:00 -
Short-term Treasury bills decline
Memphis Commercial Appeal - The six-month rate was the lowest since 3.950 percent on Aug. 20. The discount rates reflect that the bills sell for less than face value. ... American Home Mortgage Investment Corp. bounced property tax checks for some Maryland homeowners ...
2007-09-24 09:53:00 -
Mr. Obama's Cookie Jar
Washington Post - Since 2001, they've had their tax rates cut and gotten a child tax credit; the middle-class tax burden is at its lowest level in decades. ... Obama's plan is better: a new mortgage credit of 10 percent of mortgage interest costs ...
2007-09-24 08:48:00 -
Yen Gains as Report on U.K Deposit Scheme Causes Risk Aversion
Bloomberg - ... K.'s deposit protection plan needs more cash to cope with the bailout of mortgage ... weakening U.S. economy may stoke bets the Federal Reserve will cut interest rates ... Bank's rate is 4 percent, and the Bank of Japan's is 0.5 percent, the lowest among ...
2007-09-24 10:14:00 -
Iggys House Prescribes Reinvention for the Broken Real Estate and Mortgage Industries (PR Newswire via Yahoo! Finance)
Online real estate pioneer Iggys House continues to build momentum in its efforts to change the real estate and mortgage industries for the better, today announcing the expansion of its BuySide Mortgage business into the state of Florida.
2007-09-24 05:45:00 -
The decline (The Hindu)
As interest rates started falling due to excess liquidity, house prices started rising rapidly, creating a pool of wealth in the hands of Americans, which they unlocked by contracting mortgage loans.
2007-09-24 12:32:29 -
Borrowers told to lie about wages
BBC News - A BBC investigation has found evidence of serious mis-selling in Britain's sub-prime mortgage market. Industry insiders have described how people have been advised to lie about their incomes to take out loans far bigger than they can afford. Half ...
2007-09-24 10:29:00 -
Bear Stearns Liquidators: No Chap. 11
MSN MoneyCentral - The funds -- Bear Stearns High-Grade Structured Credit Strategies Master Fund and Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund -- collapsed this summer amid rising delinquencies on subprime mortgage loans. The ...
2007-09-24 03:48:00 -
Fallout from global financial crisis will be long lasting, warns IMF
The Independent - The practice of rolling together lots of different kinds of debt, including low quality US mortgage loans, and selling them on piecemeal in the global financial markets has diffused the responsibility for checking that the underlying loans are sound ...
2007-09-24 04:38:00 -
Fortress' subprime unit Nationstar halts U.S. loans
San Diego Union-Tribune - NEW YORK – Nationstar Mortgage, the subprime unit of Fortress Investment Group, said it is no longer accepting new loan applications from brokers, a signal the lender is winding down operations. Nationstar's decision to stop all wholesale ...
2007-09-24 03:33:00
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