Mortgage and Financial News From 2007-10-9 Page 3
Previous Day: 2007-10-08
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Americans turn to credit (Adelaide Now)
THE automated teller for home loans is empty and Americans are relying increasingly on credit cards to pay their living costs, indicating tough hurdles ahead for US consumer spending and markets.
2007-10-09 02:30:00 -
New retirement outlined
Windsor Star - That's a major reason why half of all new homebuyers plus 25 per cent of those refinancing existing mortgages are opting for ... no coincidence that a subsidiary of the New Zealand company Seniors Money International is entering the Canadian reverse ...
2007-10-09 12:14:00 -
Protests at Cadbury gates
Birmingham Post - Unite will do everything possible to persuade Cadbury that they should reverse this appalling decision. Copying the ... We all have mortgages to pay and young families to support. The turnout today is a real boost. A lot of people rely on this ...
2007-10-09 08:35:00 -
Boomers late to realize times have changed (San Diego Union-Tribune)
Ah, those crazy boomers! There they were, riding the good-life range, when along came reality and splat.
2007-10-09 07:02:18 -
London shares - closing features (Sharewatch)
LONDON (Thomson Financial) - FTSE 100 risers BP 580-1/2 up 11 Oil prices reverse losses to trade higher Royal Dutch Shell 1,977 up 39 Oil prices reverse losses to trade higher Northern Rock 208 up 35-1/2 Lone Star added to list of suitors: Treasury guarantees new deposits BG Group 851 up 24-1/2 Royal Dutch & Petrobas reportedly held talks about buying BG Group SABMiller 1,487 up 21 Confirms ...
2007-10-09 09:32:11 -
Market Report: Burren energised by hopes of higher offer
The Independent - British Land enjoyed late support, ending the second highest riser on the day, up 5.04 per cent at 1,147p. This followed ... On the flipside, Elephant Loans & Mortgages fell 23.81 per cent to 1p as it announced its adviser Hichens, Harrison & Co was ...
2007-10-09 03:16:00 -
FSA chiefs admit to failings in Northern Rock crisis
The Independent - The two-and-a-half hour session was the second in a series of grillings the committee is holding to get to the root of the ... The new arrangement means the Bank of England could take the mortgage lender's Together mortgages on to its books. These lend ...
2007-10-09 04:13:00 -
Altair, LDK, Microchip, Molson, XM: U.S. Equity Movers Final
Bloomberg - The world's second-biggest aluminum producer will probably report a gain in third-quarter profit because of higher metal ... The home-loan provider said it lost $1.1 billion, 27 percent more than it had expected, selling off adjustable-rate mortgages ...
2007-10-09 01:57:00 -
Reputations to restore at unforgiving Merrill
MSN MoneyCentral - The $4.5bn of writedowns in its collateralised debt obligations business - which packages subprime mortgages for sale to ... He should still be able to present his board with healthy profits this year which analysts expect to be the second-best ...
2007-10-09 04:06:00 -
Calyon Trader Fired for $353 Million Loss Says He's No Rogue
Bloomberg - Calyon, the investment banking unit of Paris-based Credit Agricole SA, France's second-largest bank, said on Sept. 18 that ... trader for one of the firm's hedge funds that collapsed in June because of bad bets on securities linked to subprime mortgages ...
2007-10-09 04:42:00 -
Confusion leads hedge fund to reveal its shorting of Northern Rock
Times Online - Europe’s second-largest hedge fund yesterday mistakenly exposed its large-scale shorting of shares in Northern Rock, the ... Borrowing at a less punitive rate than the Bank’s 6.75 per cent will help Rock to continue selling mortgages, and increase ...
2007-10-09 01:28:00 -
Fremont General Attracts Investment by Harbinger (Update1)
Bloomberg - Falcone expected bonds backed by mortgages to borrowers with poor credit histories to lose value, and he benefited as foreclosures set a record in the second quarter. To contact the reporter on this story: Bradley Keoun in New York at ...
2007-10-09 04:20:00 -
Gross: Banks Claim the Credit Crisis is Over. It's Not.
MSNBC - Challenging credit market conditions" would cause it to take write-downs of $4.5 billion on subprime mortgages and other debt instruments. On July 20, when Citigroup reported second quarter earnings, CEO Charles Prince likewise crowed about broken ...
2007-10-09 04:56:00 -
U.S. Federal Reserve Meeting Minutes for Sept. 18 (Text)
Bloomberg - Also, a further tightening of terms for home equity lines of credit and second mortgages seemed possible, which could weigh on consumer spending, especially for consumer durables. Participants reported that recent financial market ...
2007-10-09 11:19:00 -
Minutes from the Federal Reserve meeting (CNN Money)
Following are the minutes from the Federal Reserve meeting, held September 18.
2007-10-09 11:37:27
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