Mortgage and Financial News From 2007-10-9 Page 4

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  • A Second Look: Sovereign Bancorp (AP via Yahoo! Finance)

    Shares of Sovereign Bancorp continued falling Tuesday in the aftermath of the regional bank's disclosure of mushrooming credit costs and written-off loans.
    2007-10-09 10:35:56

  • Australian shares outlook - Fresh record highs on positive offshore ...

    Forbes - ... minutes increased investor expectations that the Fed will continue to cut interest ... Darling's first UK pre-Budget report passed without incidence and embattled mortgage ... News and its third party content providers for your personal information only ...
    2007-10-09 05:10:00

  • Trying to Hold Onto Home

    Washington Post - Now, entangled in what investigators call one of the largest mortgage scams in ... Only one parent goes to their sons' baseball and football games in case the ... 000 salary at the time, they got a 30-year fixed rate loan with a 7 percent interest ...
    2007-10-09 07:05:00

  • Dow hits record high after Fed minutes offer hope for further interest ...

    Stockhouse Canada - Dow hits record high after Fed minutes offer hope for further interest rate cuts 10/9 ... On the economic calendar, Canada Housing and Mortgage Corp. said housing starts ... Analysts say earnings are only expected to come in with mid-single-digit ...
    2007-10-09 04:20:00

  • Stocks rise after Fed minutes release

    Tacoma News Tribune - ... interpreted minutes from the Federal Reserve's last meeting as indicating the central bank is ready to keep cutting interest ... He pointed out that the fallout in the subprime mortgage sector, where mortgages are issued to homebuyers with poor credit ...
    2007-10-09 11:27:00

  • Subprime Mortgage Problem: Its Causes and Consequences on the Recent ...

    Best Syndication - Along with these joined a number of factors like a sharp bump up of mortgage interest rates. This rise is estimated as 200 ... It is not only the mortgage market, the banking and lending industry, but the whole national economy is suffering from this ...
    2007-10-09 03:59:00

  • FOMC minutes show unity on rate cut

    MSNBC - ... within the Federal Reserve's Open Market committee over the need to cut interest ... Their main concern was that the disruptions to parts of the mortgage market were ... Policymakers made "only modest revisions to their outlook for inflation" based ...
    2007-10-09 01:28:00

  • Fed cut rates to limit damage from credit turmoil

    Boston Globe - ... disarray could hit the U.S. economy prompted the Federal Reserve to cut interest ... and the deepening housing slump that had been triggered by a spike in mortgage ... the economy had previously weathered periods of financial disruption with only ...
    2007-10-09 04:34:00

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

    Forbes - BELFAST (Thomson Financial) - The Bank of England will not lower interest rates ... role in the Northern Rock debacle which saw an unprecedented run on the mortgage ... The only way to avoid that would have been to offer to lend to all banks at a ...
    2007-10-09 01:21:00

  • Online only letters

    Seattle Times - Ironically, many of those parents, if they pay home mortgage interest, will be dinged by the alternative minimum tax — a tax meant to soak only the rich. As a result, we call people rich and use it as an excuse to raise their taxes, and then call ...
    2007-10-09 02:54:00

  • (AFX UK Focus) 2007-10-09 20:25 GMT: No favours for UK PLC through lower interest rates says BoE's King (Interactive Investor)

    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 12:54:45

  • Fitch Upgrades 1 Class of Bear Stearns Commercial Mortgage 1998-C1 (Business Wire via Yahoo! Finance)

    CHICAGO----Fitch Ratings upgrades one class of Bear Stearns Commercial Mortgage Securities Corporation's commercial mortgage pass-through certificates, series 1998-C1, as follows: $32.2 million class D to 'AAA' from 'AA+';
    2007-10-09 11:24:00

  • Online only letters (Seattle Times)

    Online-Only Letters Lessons of the past Editor, The Times: Iran once again has offered to assist the United States in withdrawing from Iraq...
    2007-10-09 12:15:17

  • Fitch Upgrades 1 Class of Bear Stearns Commercial Mortgage 1998-C1 (FinanzNachrichten)

    ::► Fitch Upgrades 1 Class of Bear Stearns Commercial Mortgage 1998-C1◄:: Fitch Ratings upgrades one class of Bear Stearns Commercial Mortgage Securities Corporation's commercial mortgage pass-through certificates, series ...
    2007-10-09 11:32:39

  • Business Minute: New blue chip records...Rate cut said "prudent"...Oil ...

    Idaho8.com - This Week in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money Money Home For ... Associated Press - October 9, 2007 5:33 PM ET NEW YORK (AP) - New record closes were notched today by the Dow ...
    2007-10-09 01:50:00

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