Mortgage and Financial News From 2007-10-9 Page 01

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  • Ontario leaders vow to fight to the end

    Globe and Mail - If your property is seized by a special interest group, the police will restore your possession. If it is seized by aboriginals, you are out of luck. Land titles in Ontario are worthless. ----- Oh that's rich! Are the aboriginals SEIZING your land
    2007-10-09 05:25:00

  • Euro zone seeks unity in currency struggle

    DAWN Group - Without that, the driving force behind exchange rates is the perceived direction of interest rates, which militate for continued euro strength as the ECB still looks more reluctant to reduce interest rates than the US Federal Reserve. Trichet ...
    2007-10-09 02:18:00

  • Fed calls it's Sept. rate cut 'prudent'

    Houston Chronicle - Fed policymakers unanimously agreed to slash interest rates by one-half percentage point to 4.75 percent, calling it "the most prudent course of action," according to minutes of the Sept. 18 meeting released Tuesday. The minutes underscored just how ...
    2007-10-08 05:54:00

  • Sensex rise has India's investors fluttering

    Asia Times - Foreign investors fed the autumn bull run with a total of US$5 billion of stocks traded in 10 sessions after the US Federal Reserve cut interest rates on ...
    2007-10-09 04:20:00

  • China 7-day repo rate set at 2.0714 pct vs 2.0373 pct

    FXStreet.com - CFETS began the daily fixing of overnight and seven-day repurchase rates in March 2006 to provide a reference for derivatives such as interest rate forwards, swaps and short-term interest rate futures. ivy.cheng@xinhuafinance.com - xfnic/xfnnt COPYRIGHT ...
    2007-10-09 08:24:00

  • City Council passes base rate increase for ambulance service

    Bradford Era - The city has to adjust the rates every few years to receive the maximum allowable from insurance companies, Peterson said ... Council said the initiative coincides with the community’s “interest and goals related to historic preservation” and ...
    2007-10-09 08:38:00

  • HSBC Direct Announces the $20K Dash Savers Sweepstakes - with a $20K Grand Prize and $50K in Total Prizes Available (Business Wire via Yahoo! Finance)

    NEW YORK----HSBC Bank USA, N.A., the U.S. banking unit of one of the world's largest financial services companies, today announced that HSBC Direct has launched the $20K Dash Savers Sweepstakes, with a total prize pool of $50,000.
    2007-10-09 09:17:00

  • Chancellor: economic growth to drop in 2008

    Guardian Unlimited - ... Alistair Darling today promised to make private equity bosses pay "fairer" rates ... with the credit crunch, which began with problems in America's sub-prime mortgage ... Economists said that given the current uncertainty and its likely effect on ...
    2007-10-09 04:34:00

  • Current real estate market worse than '80s, forum told

    Palm Beach Post - Current real estate market worse than '80s, forum told By JEFF OSTROWSKI Palm Beach Post Staff Writer Wednesday, October 10 ... broker for 37 years, said this slowdown has proven more painful than even the crunch of the early 1980s, when mortgage rates ...
    2007-10-09 09:35:00

  • Fed Was United in Cutting Interest Rates Last Month

    CNBC - The Fed cut interest rates by a half percentage point to 4.75%. Following last ... and the deepening housing slump that had been triggered by a spike in mortgage ... however, how much time will be required for us to be able to say that the current ...
    2007-10-09 11:05:00

  • Mortgage hedge funds

    Financial Times - Between the mark and the price (of a mortgage-backed security) falls, well ... The current rethink on the role of credit ratings accentuates the uncertainty. In ... in the first place, such as house prices, delinquency, default and recovery rates ...
    2007-10-09 04:42:00

  • BOJ expected to hold rates steady

    BusinessWeek - The Bank of Japan was expected to keep interest rates steady after a ... will likely hold off on raising a key interest rate from the current 0.5 percent as they watch how things pan out in the United States, where problems in the subprime mortgage ...
    2007-10-09 10:32:00

  • Fitch Rates Utah Housing Corp 2007 Series F Bonds (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings has assigned the following ratings to Utah Housing Corporation's 2007 series F single-family mortgage bonds: $14 million class I variable-rate bonds 'AAA/F1+'; $15.75 million class I fixed-rate bonds 'AAA'; $1.75 million class II bonds 'AA'; $3.5 million class III bonds 'AA-'.
    2007-10-09 01:35:00

  • No favours for UK PLC through lower interest rates says BoE's King (Sharewatch)

    BELFAST (Thomson Financial) - The Bank of England will not lower interest rates simply to make it easier for the financial sector, even though the recent liquidity problems engulfing the industry continue, BoE governor Mervyn King said today.
    2007-10-09 12:16:21

  • Current real estate market worse than '80s, forum told (The Palm Beach Post)

    The housing market in Palm Beach County and the Treasure Coast has turned "brutal" and is getting worse, a veteran mortgage broker said Tuesday.
    2007-10-09 09:10:39

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