Mortgage and Financial News From 2007-9-24 Page 2

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  • Dollar off record low vs euro, sterling hit

    Reuters - We think that bad news related to subprime mortgage loans is likely to surface more towards the year-end, and will keep the dollar and sterling under pressure," said Masafumi Yamamoto, currency economist at Nikko Citigroup. Tokyo players returned from ...
    2007-09-24 10:36:00
  • FACTBOX-Global investment banks' Q3 write-downs

    Reuters - Sept 24 (Reuters) - The world's leading investment banks have been hit hard in the third quarter by global credit market turmoil sparked by rising delinquencies in the market for risky U.S. mortgage loans. Germany's biggest bank, Deutsche Bank (DBKGn ...
    2007-09-24 02:15:00
  • American Dream: Mortgage-loan program provides help

    El Paso Times - The state, through the Texas Department of Housing and Community Affairs, is making $160 million available for first-time homebuyers by providing mortgage loans with below-market interest rates. The program also is available for all veterans in the ...
    2007-09-24 10:57:00
  • NCRC Targets Morgan Stanley on Loans (AP via Yahoo! Finance)

    The National Community Reinvestment Coalition said Monday it filed a civil rights complaint against Morgan Stanley, alleging the investment bank discriminated against minorities seeking home loans.
    2007-09-24 11:26:44
  • Nationstar halts U.S. loans (Washington Post)

    NEW YORK (Reuters) - Nationstar Mortgage, the subprime unit of Fortress Investment Group LLC (FIG.N), said it is no longer accepting new loan applications from brokers, a signal the lender is winding down operations.
    2007-09-24 09:38:04
  • Primary Residential Mortgage, Inc. in Full Participation of the FHA Secure Initiative (Marketwire via Yahoo! Finance)

    Mirroring market-wide demand, Primary Residential Mortgage, Inc. has seen a 71% increase from January to August of this year in federally insured Federal Housing Administration loans.
    2007-09-24 02:41:00
  • Countrywide to modify loans (Adelaide Now)

    COUNTRYWIDE Financial Corp, the largest US mortgage lender, expects to modify terms on nearly 25,000 home loans this year.
    2007-09-24 06:15:00
  • Thomson Financial Europe AM at a glance share guide: Stocks mixed; oil ...

    Forbes - ... 15-year low against five other major currencies as investors continued to act on last week's larger-than-expected interest rate ... Leading shares close firmer yesterday although off highs as Wall Street recovered from lows and as Prime Minister Gordon ...
    2007-09-24 10:57:00
  • Fed's Fisher: Interest rate cut needed to encourage U.S. economic ...

    MSN UK News - Fed's Fisher: Interest rate cut needed to encourage U.S. economic growth, inflation remains tame ... Gordon Brown's speech - the verdict MSN UK News analyses the Prime Minister's first speech to the Labour Party Conference ...
    2007-09-24 10:47:00
  • Enbridge Energy Partners Announces $400 Million Offering of Junior ...

    MSN MoneyCentral - HOUSTON, Sept. 24, 2007 (PRIME NEWSWIRE) -- Enbridge Energy Partners L.P. (NYSE:EEP) (the "Partnership") today ... If they remain outstanding the Notes will bear interest at a floating rate. The partnership expects to settle the offering on September ...
    2007-09-24 03:41:00
  • Drought help to hit $3b

    News.com.au - ... towards $3 billion but Australia must use its prosperity to fight the crisis until the rains return, Deputy Prime ... Some of the issues that we're going to address will obviously make it easier to access the household support and interest rate ...
    2007-09-24 05:42:00
  • Fitch Expects to Rate Capital One Prime Auto Receivables Trust 2007-2 ...

    Forbes - Business Wire - Press Release Fitch Expects to Rate Capital One Prime Auto Receivables Trust 2007-2; Presale Issued 09.24.07, 3:23 PM ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant ...
    2007-09-24 12:20:00
  • Stock Quotes Surge on Prime Interest Rate Cuts

    Safe Haven - The Fed reduced short-term interest rates by 50 basis points on Tuesday. That was 25 basis points more than the market expected and the response was rapid and predictable: The Dow and other major averages rallied over 2% The Dollar fell as Gold and ...
    2007-09-24 06:51:00
  • Dollar falls to low against euro on rate cut speculation

    Herald - ... markets have affected the real economy. An ailing US property market and weaker consumer confidence may reveal signs that the credit crunch stemming from the sub-prime mortgage crisis is pulling the economy downward, making further interest rate cuts ...
    2007-09-24 02:15:00
  • Britain to work with closest ally America on int'l sphere

    Xinhua News Agency - BOURNEMOUTH, Britain, Sept. 24 (Xinhua) -- British Prime Minister Gordon Brown ... He pledged to stand up for the British national interest and write in detail into ... to cash in on the latest opinion polls which saw Labour gaining its support rate ...
    2007-09-24 07:30:00