Mortgage and Financial News From 2007-10-9 Page 2

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  • BOJ Expected to Hold Rates Steady (AP via Yahoo! Finance)

    The Bank of Japan was expected to keep interest rates steady after a two-day policy meeting that began Wednesday amid lingering concerns about slower growth in the U.S. economy, a key export market for Japan.
    2007-10-09 10:29:33

  • Mortgage relief act passes House (Fremont News-Messenger)

    WASHINGTON, D.C. -- U.S. Sen. George V. Voinovich's,R-OH, Mortgage Relief Act -- legislation to change current law that forces individuals to pay income tax when they have part of their mortgage loan forgiven or are forced to foreclose because of inability to pay their mortgage -- today overwhelmingly passed the House by a vote of 386-27. Voinovich called on Senate leadership to rush the bill to ...
    2007-10-09 08:00:10

  • Private bankers must help stave off foreclosure crisis

    Detroit News - The Detroit News When a friendly caller offered LouVera Smith a lower interest rate on her home mortgage, the retired community college administrator thought it was her lucky day. She readily agreed to refinance her historic Detroit home of 16 years ...
    2007-10-06 05:57:00

  • Think You're Paying Too Much on Your Car Loan? (Richfield Reaper)

    (ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan.
    2007-10-09 05:38:47

  • How Home Equity Can Help You Slash Debt (Richfield Reaper)

    (ARA) - Escalating personal debt is one of the biggest concerns Americans face when it comes to their financial welfare, studies show. Getting out of debt almost seems to be replacing home ownership as the great American dream.
    2007-10-09 02:54:42

  • Fed explains the big rate cut

    CNN Money - ... cited an "exceptionally weak" housing market and concerns that this summer's credit ... The minutes showed just how seriously the Fed viewed the mortgage meltdown, which ... This might not be a bad thing though, he continued. He said investors may be ...
    2007-10-09 01:28:00

  • Chinese student farms pigs for inflation profits

    Daily Telegraph - China’s rising inflation is a symptom, with the credit crisis in world banking markets, of what economists fear ... In a globalised economy, what is good for Mr Wang may prove bad for shoppers and mortgage-holders everywhere. Mrs Wu, shopping for her ...
    2007-10-09 06:43:00

  • Mortgage lending rises 1.6% in August

    Nine MSN - ... Australians already facing a housing affordability crisis, Mr Dale said the latest result was bad ... on lending. "The major banks, in time, are likely to gain market share. "In the short-term the credit market turmoil could well see a net dip in mortgage ...
    2007-10-09 07:26:00

  • The quest for a clear direction: corporate America confronts its most ...

    MSN MoneyCentral - It has been surprisingly bad," he says. "Summer is typically our best season, as ... brisk and steady pace, the domestic economy has been rocked by the credit squeeze ... substantially more difficult as a result of the near-seizing up of the mortgage market
    2007-10-09 04:27:00

  • Bank of Japan to forego rate hike amid uncertainty about credit risk

    FXStreet.com - Bank of Japan to forego rate hike amid uncertainty about credit risk Wed, Oct 10 ... from banks including Citigroup, UBS and Deutsche Bank of their subprime mortgage ... Lessons from the experience of the bad debt problem in Japan, which took some 10 ...
    2007-10-09 06:50:00

  • Gross: Is the Credit Crunch Over? No Way.

    MSNBC - Throughout 2007, the credit situation has progressively deteriorated. Subprime mortgages went bad, and then the rot spread into other classes of debt. ... On July 18, mortgage giant Washington Mutual reported that its home-lending business was ...
    2007-10-09 02:40:00

  • Financial turmoil over? Investors need a reality check

    St. Petersburg Times - ... be betting that most of the bad news regarding the credit and housing crises is out and better times are ahead - though there is very little evidence pointing that way. That explains the rejoicing for banks taking huge writedowns on their mortgage ...
    2007-10-09 07:41:00

  • (AFX UK Focus) 2007-10-10 03:00 GMT: Bank of Japan to forego rate hike amid uncertainty about credit risk (Interactive Investor)

    TOKYO (Thomson Financial) - The Bank of Japan is expected to forego hiking interest rates at the two-day policy meeting which kicks off today due to uncertainty about the underlying risk that the credit crunch may pose to global financial markets and the global economy, analysts said Wednesday.
    2007-10-09 07:24:08

  • Assistant Secretary for Financial Institutions David G. Nason Remarks before The National Organization of Life & ... (United States Department of the Treasury)

    Amelia Island, Fla. - Thank you for that kind introduction. It is a pleasure for me to join you here today. I appreciate the invitation to come back before you to discuss the economy, in which insurance plays an important role, and the credit and mortgage markets.
    2007-10-09 12:37:03

  • Americans turn to credit (Daily Telegraph)

    THE automated teller for home loans is empty and Americans are relying on credit cards to pay their living costs, indicating tough hurdles ahead.
    2007-10-09 02:30:00

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