Mortgage and Financial News From 2007-9-14 Page 15

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  • Analyst: Fed rate cut no rescue for mortgage biz (CNN Money)

    Says move provides some lender relief, but no halt to sinking home values. NEW YORK (AP) -- A Friedman Billings Ramsey analyst said Friday any benefit stocks of mortgage lenders will enjoy if the Federal Reserve cuts its interests rates this month will be temporary.
    2007-09-14 06:10:12
  • Mortgage Lenders: The Pain Deepens (BusinessWeek Online via Yahoo! News)

    For the crippled mortgage industry, the bad news won't stop.
    2007-09-14 05:08:43
  • Banking lawyer sees more mortgage lenders going down (Market Watch)

    BOSTON (MarketWatch) -- The subprime contagion has already forced several of the nation's largest home lenders into bankruptcy, but a banking attorney specializing in the mortgage industry says the carnage is far from over.
    2007-09-14 06:34:23
  • Dollar Financial Delays 2007 Filing

    CNBC - The payday lender said the derivative transactions were performed in December 2006 to hedge possible foreign currency and interest rate fluctuations related to $375 million of term loan debt incurred under new senior secured credit facilities from ...
    2007-09-14 07:10:00
  • TREASURIES-Bonds erase most losses on stocks, looming Fed

    Reuters - A raft of economic data were largely weaker than expected, cementing expectations for an interest rate cut. But they were not sufficient to convince investors that the Fed would cut by a full half percentage point, likely opting for a quarter ...
    2007-09-14 07:39:00
  • European Bonds Set for Weekly Decline on Interest-Rate Outlook

    Bloomberg - Sept. 14 (Bloomberg) -- European government bonds are set to decline, snapping four weeks of gains, as investors raise bets the European Central Bank will increase interest rates again this year. Ten-year bunds have fallen as ECB council members ...
    2007-09-13 11:03:00
  • UPDATE 1-Canada dollar surges to new 30-year high, bonds up

    Reuters - TORONTO, Sept 14 (Reuters) - The Canadian dollar shot to a new 30-year high against the U.S. dollar on Friday, propelled by robust commodity prices and expectations for a U.S. interest rate cut next week. Canadian bond prices rose along with the ...
    2007-09-14 07:24:00
  • TREASURIES-Bonds rally on weak retail sales data

    Reuters - NEW YORK, Sept 14 (Reuters) - U.S. Treasuries rallied on Friday after weak retail sales data gave support to expectations of a modest interest rate cut by the Fed next week, while a reminder of recent credit woes emerged in Britain. Retail sales in ...
    2007-09-14 05:58:00
  • London Rightmove House Prices Fall Most Since 2004 (Update2)

    Bloomberg - Sept. 14 (Bloomberg) -- London house prices fell the most since 2004 this month after five interest rate increases in a year and turmoil in financial markets sapped buyers' confidence, according to a Rightmove Plc report. The average asking price for ...
    2007-09-14 05:58:00
  • Northern Rock sees more rate pain for consumers

    Reuters UK - LONDON (Reuters) - Mortgage lender Northern Rock said the impact of recent interest rate rises has not fed through to the economy and consumers can expect higher borrowing costs. "I think a lot of pain from base rate rises hasn't been felt by the UK ...
    2007-09-14 02:45:00
  • China central bank raises interest rates effective tomorrow - UPDATE

    Forbes - An interest rate increase had been widely-anticipated by the market. Expectations of a fifth rate hike were brought sharply forward by government statistics released earlier this week indicating that consumer prices rose 6.5 pct year-on-year in ...
    2007-09-14 04:18:00
  • China Factory Investment Surges, Adds Rate Pressure (Update4)

    Bloomberg - Sept. 14 (Bloomberg) -- China's spending on factories, equipment and property climbed 26.7 percent in the first eight months of 2007, making the central bank more likely to raise interest rates to cool the world's fastest-growing major economy. The ...
    2007-09-14 03:50:00
  • China to raise benchmark interest rate by 27 basis points

    Xinhua News Agency - BEIJING, Sept. 14 (Xinhua) -- China will raise one-year deposit and loan interest rates by 27 basis points to 3.87 percent and 7.29 percent respectively as of September 15, the central bank announced on Friday. This is the fifth time that China ...
    2007-09-14 02:59:00
  • Analyst: Fed rate cut no rescue for mortgage biz

    CNN Money - As long as investors have no faith in housing, they will not finance mortgages, he said. The mortgage industry needs $150 billion to $250 billion in cash to stabilize, he estimated. He does not think an interest rate cut will attract that money. ...
    2007-09-14 05:51:00
  • Turkish Stocks Advance; Isbank, Garanti Lead Gain on Rate Cut

    Bloomberg - Sept. 14 (Bloomberg) -- Turkey's stock index advanced to its highest in more than a month, led by financial shares, after the central bank unexpectedly cut its benchmark interest rate. The ISE National 100 Index added 539.84, or 1.1 percent, to 50 ...
    2007-09-14 04:47:00