Mortgage and Financial News From 2007-9-24

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  • India's HDFC cuts home loan rate in festive offer (Reuters via Yahoo! Malaysia News)

    MUMBAI, Sept 24 - Housing Development Finance Corp , India's top mortgage lender, has reduced interest rates on housing loans by 50 basis points in a special offer to coincide with a season of religious festivals.
    2007-09-24 06:37:21
  • Forex - Danske Bank States Fukuda Is Less Hawkish, More Focused On ...

    RTT News - ... will probably give the Bank of Japan an extra argument to hike interest rates. ... September to a level of 68, the fourth consecutive month of decline and the lowest ... percent of investors feeling that there will be a spillover into the overall mortgage ...
    2007-09-24 05:47:00
  • UK consumer confidence buoyed by increased job security - Lloyds TSB ...

    Forbes - ... higher rather than lower interest rates fell by 2 pct to 67 pct, the lowest level since July 2006. 'The decision to maintain interest rates in September meant consumers will not, for the time being, see further increases to their mortgage payments ...
    2007-09-23 05:08:00
  • Auto dealers fight economic slowdown

    Miami Herald - ... vehicle sales. New-car and light-truck sales are projected to fall to their lowest ... Consumers cite higher monthly mortgage payments and decreases in home equity as ... Maroone predicts a recovery next year, with lower interest rates and the ...
    2007-09-23 11:56:00
  • Do You Need a Customized Newsletter ?

    Colleyville Courier - Trusted Mortgage Provider Lowest Fixed Rate Guarantee - Apply. Easy Online Application Process. http://www.ThirdFederal.com/ The ... Low mortgage rates from America's leading lenders. http://www.lowermortgagequotes.com/ Mortgage Marketing Newsletters ...
    2007-09-24 03:52:00
  • BNP, UBS, Pounded by Forecast, Are Proving Prescient (Update3)

    Bloomberg - ... and Citigroup Inc. of New York may yet be vindicated as the U.S. subprime mortgage ... may seek emergency funding and prompt the Bank of England to cut interest rates ... measuring the pound against 43 countries that trade with Britain, is the lowest in ...
    2007-09-24 07:12:00
  • IMF Warns Turmoil Set to Continue, Banks Hit

    CNBC - ... the effects of the subprime mortgage crisis but warned the extent of the exposure was unclear. Money Markets Ease There were tentative signs of some reduction in pressure on money market rates with a fall in sterling deposit rates to their lowest since ...
    2007-09-24 07:55:00
  • Dollar touches record low against euro

    International Herald Tribune - ... to pressure on the Federal Reserve to cut interest rates. The dollar weakened against 12 of the 16 most-active currencies before reports on Tuesday that analysts say will show the lowest ... slowdown caused by trouble in the U.S. subprime mortgage ...
    2007-09-24 05:18:00
  • Dallas Fed chief: Easing inflation made rate cut possible 10:04 AM CT

    Dallas Morning News - ... week fell to the lowest since its inception in 1971 on speculation that slower U.S. economic growth will lead to lower interest rates. Fed Chairman Ben S. Bernanke last week promised to draft new rules to regulate mortgage ...
    2007-09-24 07:55:00
  • Uncertainty likely to keep markets unsettled-IMF

    Boston Globe - The market woes started in the U.S. subprime mortgage sector, where home loans made to borrowers with poor credit histories were repackaged and sold around the world as asset-backed securities to institutional hedge funds. Central banks have pumped ...
    2007-09-24 07:20:00
  • Pa. Proposes Sweeping Mortgage Reform

    KDKA - Cutting the interest rate on loans through the Homeowners' Emergency Mortgage Assistance Program from 9 percent to reflect the current, lower market rate. -Disclosing important loan terms in plain English, such as whether a loan would have a balloon ...
    2007-09-24 05:25:00
  • London shares outlook - little changed, hopes of Northern Rock bidder ...

    Forbes - It said with refinancing due on billions of pounds of debt issued to support mortgage loans, Adam Applegarth, the bank's chief executive, and his team will use the next two weeks to decide on funding options. The Rock's shares closed at 194.3 pence ...
    2007-09-24 12:10:00
  • HSBC subprime unit cutting jobs

    Buffalo News - CHARLOTTE, N.C. — In the latest hit to the mortgage industry, HSBC Holdings PLC said it was closing a Lancaster County, S.C.-based unit that made subprime mortgage loans through outside brokers, eliminating 369 jobs in the Charlotte area. The ...
    2007-09-24 03:52:00
  • Tell mortgage lender of payment woes early

    Dallas Morning News - We want to work with the borrower as soon as possible," said Robin Stout Migala, senior delinquency resolution manager at Freddie Mac, the giant mortgage finance company that buys loans from lenders and repackages them into ...
    2007-09-24 05:54:00
  • HDFC cuts home loan rate in festive offer

    Reuters India - MUMBAI (Reuters) - Housing Development Finance Corp, India's top mortgage lender, has reduced interest rates on housing loans by 50 basis points in a special offer to coincide with a season of religious festivals. Customers taking home loans at a ...
    2007-09-24 06:44:00