Mortgage and Financial News From 2007-10-9
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Hopes of early rates cut hurt by rising inflationary pressure (Times Online Sunday)
Hopes of an early cut in interest rates before Christmas were dealt a blow yesterday by a sudden resurgence of inflationary pressures in manufacturing and a bounce-back in high street activity last month.
2007-10-09 12:21:21 -
College loan interest rates to drop (Daily Press)
The changes come from a new federal law that revamps education financing. A new federal law revamping education financing provides good news for students eligible for financial aid: Interest rates on subsidized student loans will be cut in half over the next four years.
2007-10-09 01:24:02 -
Facts about Northern Rock
Reuters UK - ... plunging share price on Monday, after the Bank of England stepped in last week to rescue Britain's fifth-biggest mortgage lender. ... Northern Rock accounts for one in 13 UK home loans and until recently funded the bulk of its mortgages with borrowing ...
2007-10-09 02:44:00 -
Thursday, October 4
News.com.au - Summer Bay pole dance outrage YOUNG Home and Away viewers were exposed to raunchy sex talk and a sizzling pole dancing routine, breaching the television code of standards.
2007-10-09 08:06:00 -
Lender moves into personal finance
Sydney Morning Herald - NON-BANK lender Aussie Home Loans will expand into the car and personal lending market, building on its success in the residential mortgage and credit card sectors. The Aussie Home Loans chairman and chief executive, John Symond, said the move would ...
2007-10-09 07:52:00 -
Aussie offers personal loans
News.com.au - ... developed about five years ago when he moved from being a mono-line mortgage originator to a mortgage broking model. "We became a supermarket for home ... established, financial services firm with the curious flexibility Aussie has as a non-bank lender ...
2007-10-09 07:52:00 -
Northern Rock Wins New Guarantee From U.K. Government (Update4)
Bloomberg - Oct. 9 (Bloomberg) -- Northern Rock Plc, the U.K. mortgage lender bailed out last month by the Bank of England, said the government will guarantee deposits until financial markets become less volatile. The shares rose the most ever. Chief Executive ...
2007-10-09 04:53:00 -
First local lender falls victim to sluggish mortgage industry: Santa Cruz Mortgage shuts down (Santa Cruz Sentinel)
SANTA CRUZ — After 26 years in business, Santa Cruz Mortgage has suspended operations indefinitely, caught up in crisis in the wake of risky loans gone sour.
2007-10-09 06:41:14 -
AG Files Suit Against Mortgage Lender (WCSH 6 Portland)
(NEWS CENTER) -- The Maine Attorney General has filed a lawsuit against a mortgage lender for a case he says is a prime example of why the country is in a foreclosure crisis.
2007-10-08 02:39:22 -
Domestic savings may elbow FIIs out of mkts
Economic Times - The collapse of UTI, stock market scams and double-digit interest rates on fixed income investments kept domestic investors on the sidelines. As a result, domestic investors have by and large stayed away from the equity market. We believe this is ...
2007-10-07 05:56:00 -
SBA Approves More Than $1 Million in Disaster Loans in Wisconsin ...
PR Newswire - The interest rates are as low as 3.125 percent for homeowners and renters and 4 percent for businesses. Loan terms can be up to 30 years. Actual loan amounts and terms are set by the SBA, and are based on each applicant's financial condition ...
2007-10-08 01:01:00 -
UAE Warns Businesses Against Price Increases
Arab News - The central bank is hamstrung in its efforts to contain inflation by the need to shadow US interest rates to maintain the relative appeal of the dirham which is pegged to the dollar. The dollar tumbled to record lows against a basket of six currencies ...
2007-10-08 05:47:00 -
Private equity bosses face higher tax bills
ePolitix.com - Private equity partners can pay this tax rate on profits from 'carried interest' - the fees charged by the funds to their ... Meanwhile, interviewed in the Financial Times, shadow chancellor promises the Conservatives would cut company tax rates. ...
2007-10-09 01:11:00 -
Why it is still to early to relax
Financial Times - For this champion of monetarism, the limitations at the time (1968) were the inability of monetary policy to peg interest rates and unemployment for more than limited periods. As we face a turn in the credit cycle, the effectiveness of monetary ...
2007-10-08 02:41:00 -
Canadian dollar dips on commodities, bonds fall
National Post - But Canada's robust housing starts data adds to a growing raft of solid figures that the central bank will have to weigh before it meets next Tuesday to announce a decision on interest rates. The central bank's overnight rate is 4.50%. A Reuters poll ...
2007-10-09 07:30:00
