Mortgage and Financial News From 2007-10-10 Page 30
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REFILE-TREASURIES-Slip in Asia on Fed rate uncertainty
Reuters - Prior to the solid payrolls report, the market widely expected the Fed to lower the interest rate to 4.5 percent from the current 4.75 percent ... Current yield levels in Treasuries cannot be justified if the Fed is not to cut rates soon," said a ...
2007-10-09 10:25:00 -
Credit crunch spurred Fed rate cut
Philadelphia Inquirer - Fed policymakers agreed unanimously to slash interest rates by one-half of a percentage point to 4.75 percent, calling it "the ... Given the unusual nature of the current financial shock, participants regarded the outlook for economic activity as ...
2007-10-09 11:58:00 -
Fed rate cuts don't reduce high CD yields
Detroit Free Press - ... fretted that higher rate CDs would disappear once the Federal Reserve cut rates ... The early withdrawal penalty is 180 days of interest. Or the consumer would forfeit ... The current I Bond rate is 3.74%. Contact SUSAN TOMPOR at 313-222-8876 or stompor ...
2007-10-10 12:05:00 -
KL mart higher at mid-day
Business Times Malaysia - Dealers said buying interest was strong in the market, locally as well as regionally, on expectations that the US may cut interest rates to boost the dollar and simultaneously combat inflation. The benchmark Kuala Lumpur Composite Index (KLCI) ended ...
2007-10-09 10:32:00 -
CONTINUED: Democrats moving "in the wrong direction"
MSNBC - ... Central Bank has become “a serious factor in the global economy.” He said the increased usage of the euro as a reserve currency has led to a lowering of interest rates in the euro zone, which has “without any doubt contributed to the current ...
2007-10-09 09:42:00 -
Fed cut rates to offset credit woes
Boston Globe - Fed policy makers unanimously agreed to slash interest rates by one-half percentage point to 4.75 percent, calling it "the most ... Given the unusual nature of the current financial shock, participants regarded the outlook for economic activity as ...
2007-10-09 11:08:00 -
House prices defy relentless interest rate rises
News.com.au - But eventually, if interest rates keep on rising, there will be a breaking point, and house price growth will fall," says Mr ... most likely scenario – one of modest house price growth – would be sufficient to maintain affordability at current ...
2007-10-09 10:40:00 -
IMF warning over slowing growth
BBC Business - Respected bodies such as the OECD have already cut growth forecasts for the US and major European economies in light of the current instability. The US cut interest rates by a half a point last month in order to stabilise the economy while the UK ...
2007-10-10 12:05:00 -
King Suggests He Won't Reduce Rate to Shield Banks (Update1)
Bloomberg - Oct. 10 (Bloomberg) -- Bank of England Governor Mervyn King suggested he's reluctant to cut interest rates to shield lenders from increased credit costs and predicted more ``turmoil'' in financial markets. ``The current turmoil in financial markets ...
2007-10-09 11:08:00 -
King dampens expectation of early interest rate cut (The Herald)
Bank of England Governor Mervyn King last night appeared at pains to temper hopes of a swift cut in UK interest rates by reiterating inflationary danger and emphasising such a move was not a solution to recent financial market turmoil.
2007-10-09 02:51:40 -
Concern over credit, housing led Fed to slash interest rates (The Daily Record)
WASHINGTON — Worried that a jarring credit crunch would stifle the economy, Federal Reserve policymakers at their September meeting felt compelled to act aggressively in lowering a key interest rate for the first time in over four years.
2007-10-09 04:02:30 -
Federal Reserve policymakers to slash interest rates (Pravda)
Federal Reserve policymakers at their September meeting felt compelled to act aggressively in lowering a key interest rate for the first time in over four years.
2007-10-09 03:02:24 -
Fed slashed rates to ease credit crunch (CNN Money)
Policymakers unanimously agreed to cut interest rates calling it 'the most prudent course of action,' according to the minutes released from its Sept. 18 meeting.
2007-10-09 11:22:17 -
Beware of home loan foreclosure scams
WTGV - ... in a lawsuit, contact a certified HUD counselor for assistance. If you have a pending lawsuit against you for your home, get an attorney. Never sign a contract under pressure. Never make mortgage payments to anyone other than your lender ...
2007-10-09 02:26:00 -
Maine-based lender faces unfair-practices suit
Maine Sunday Telegram - Attorney General Steven Rowe has filed a lawsuit against a Maine-based mortgage lender, Downeast Mortgage Corp. and Commercial ... The complaint states that when Kyle and Melissa Wilkinson did not qualify for a home loan with Downeast in 2005, the ...
2007-10-09 09:28:00