Mortgage and Financial News From 2007-9-14
Previous Day: 2007-09-13
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Mortgage lender may have plan of attack for poor credit score (MENAFN)
Mortgage lender may have plan of attack for poor credit score
2007-09-14 12:01:48 -
In mortgage crisis, deals - and even lenders -are going under (Philadelphia Daily News)
HACKENSACK, N.J. - Lisa Meserole was two weeks away from closing on her new condo when she got a shock: Her lender, American Home Mortgage, was not going to fund her loan - or for that matter, any loans - because the company was filing for bankruptcy.
2007-09-14 12:45:58 -
Bank of England rescues Northern Rock mortgage lender (AFP via Yahoo! News)
The Bank of England on Friday provided emergency financial support to the first major British bank to be severely hit by the credit crunch sparked by the US home loan crisis.
2007-09-14 02:18:55 -
Top Home Lender Boosts Credit By $12 Billion (The Tampa Tribune)
CALABASAS, CALIF. - Countrywide Financial Corp. said Thursday that it had boosted its borrowing capacity by $12 billion, as the mortgage lender struggles to weather the slowdown in the housing market.
2007-09-13 05:58:37 -
Growth will protect the US: Paulson
The Australian - These loans, billions of dollars of which are already in default, were advanced over the past few years to higher-risk lenders at initially low interest rates, which are due to reset at much higher rates in the next few months. Repackaged as ...
2007-09-13 11:36:00 -
Wheat price rises to record $9 a bushel
Business Day South Africa - Rising prices of food, from wheat to milk and pork, are stoking inflation at a time when traders expect the US Federal Reserve to cut interest rates to bail out the housing market and avoid a recession. China’s inflation rate accelerated to a 10 ...
2007-09-13 03:25:00 -
Signs inflationary pressures are easing for manufacturers
The Independent - Currently City odds makers believe there is a 50-50 chance of an interest rate cut between now and December. The City bookie Cantor Index rates the chance of a rate cut at evens, with the chance of a rise given short shrift at 10-1. But others are ...
2007-09-10 05:59:00 -
Gold prices fall as U.S. dollar rises from record lows; oil finishes ...
International Herald Tribune - Investors continue to position themselves ahead to the Federal Reserve's Tuesday meeting on interest rates, when the central bank is widely expected to trim its benchmark federal funds rate by a quarter percentage point after more than a year at 5.25 ...
2007-09-12 05:57:00 -
Oil stocks lead FTSE rebound
Financial Times - In offering an additional 25 per cent extra cash in return for high-quality assets, the Bank hopes to flood the market with sterling and bring overnight interest rates back down towards the official rate of 5.75 per cent. Banks and financial stocks ...
2007-09-13 06:43:00 -
Rudd ready for 'massive smear campaign'
Sydney Morning Herald - This advertising) will focus on unions, on interest rates and on experience. "There will be the mother of all negative campaigns." Mr Rudd said he had a clear plan for Australia's future. "Mr Howard and Mr Costello now offer confusion and uncertainty ...
2007-09-14 12:22:00 -
Emerging markets ride the investing storm
This is Money - Inflation is more under control and interest rates are in a far better position, the reformist government there led by President Lula da Silva is also helping industry. Brazil is big exporter of industrial and agricultural produce, which should ...
2007-09-14 12:58:00 -
Record oil price lifts energy stocks
The Australian - RECORD high oil prices are bringing new pressures to shareholder uncertainty as a directionless market waits for the US to move on interest rates. The Australian bourse traded without any solid conviction yesterday despite a mixed lead from Wall ...
2007-09-14 01:55:00 -
International concert pianist to perform at Smyrna Opera House (Smyrna Clayton Sun Times)
The audience at the Historic Smyrna Opera House is in for a real treat this Saturday evening at 7:30 p.m., when international pianist Robin Spielberg performs in concert.
2007-09-13 03:36:10 -
Looking for a home loan? Be prepared to pony up (The Clarion-Ledger)
Not long ago, lenders were handing out mortgages to anyone with a phone number and a pulse. No money for a down payment? Not a problem! Low credit score? Who cares? Incarcerated? You'll need a place to live when you get out, right?
2007-09-13 11:12:40 -
How to handle likely interest rate cut (The Norman Transcript)
Detroit Free PressDETROIT -- If you're banking on an interest rate cut fairly soon -- and you should -- it'...
2007-09-13 10:36:13