Mortgage and Financial News From 2007-10-10 Page 18

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  • European Bonds Decline After Fed Signals No Rush for Rate Cuts

    Bloomberg - ... an end, after the Federal Reserve signaled it's in no hurry to cut interest rates ... Mortgage Bankers Association said today mortgage applications rose 2.4 percent last ... 30-year bunds over 10-year debt narrowed to 21 basis points today, near the lowest ...
    2007-10-10 08:26:00
  • Thai central bank holds rates steady

    Forbes - AFX News Limited Thai central bank holds rates steady 10.10.07, 6:18 AM ET ... But she warned the US mortgage problems would continue and should be closely monitored ... has expected the economy to grow just over 4 percent this year, among the lowest in ...
    2007-10-10 02:14:00
  • Business Minute: Stocks weaken...Talks drag on...Big casino project ...

    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 ... It looks for existing home sales to drop nearly eleven percent from last year, at the lowest level since 2002. LAS VEGAS ...
    2007-10-10 06:53:00
  • Yen Falls to Lowest Since July Against Euro on Risk Appetite

    Bloomberg - Yen Falls to Lowest Since July Against Euro on Risk Appetite By Min Zeng and Ye Xie ... bank President Jean-Pierre Roth signaled he has no plans to raise interest rates ... swap traders bet banks have ridden out the worst of the U.S. subprime mortgage ...
    2007-10-10 07:44:00
  • Option Traders More Bearish on Yen After Fed Rate Cut (Update1) (Bloomberg.com)

    Oct. 10 (Bloomberg) -- Options traders are the most bearish on the yen in three months as lower volatility and the Federal Reserve's move to cut interest rates have boosted investor confidence in the global economy and demand for riskier assets.
    2007-10-09 11:21:36
  • Cranky customers don't give credit card companies a lot of credit (San Francisco Chronicle)

    Americans aren't very happy with their credit cards, mainly because of dissatisfaction with fees and interest rates, according to a survey released Tuesday. American Express and Discover showed the highest satisfaction levels in the J.D. Power and Associates...
    2007-10-10 12:42:04
  • King Suggests He Won't Reduce Rate to Shield Banks (Update2) (Bloomberg.com)

    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.
    2007-10-10 02:01:55
  • Australian Consumer Confidence Slips on Oil, Rates (Update2) (Bloomberg.com)

    Oct. 10 (Bloomberg) -- Australian consumer confidence slipped in October after gasoline prices increased and as lenders raised interest rates in response to the soaring cost of global credit.
    2007-10-09 08:29:55
  • Australian Consumer Confidence Slips on Oil, Rates (Update3) (Bloomberg.com)

    Oct. 10 (Bloomberg) -- Australian consumer confidence slipped in October after gasoline prices increased and as lenders raised interest rates in response to the global surge in credit costs.
    2007-10-10 12:30:06
  • Fed is concerned about credit squeeze but unclear about future cuts

    International Herald Tribune - The recent global credit squeeze caused by the meltdown of risky U.S. mortgage loans may test the ability of the world's economy to keep expanding, the International Monetary Fund said Wednesday, The Associated Press reported. The IMF also said ...
    2007-10-10 03:19:00
  • US lenders agree on plan to aid struggling homeowners: Paulson

    Raw Story - The initiative, called "Hope Now," is aimed at coordinating and improving outreach to struggling borrowers, many of whom face higher payments when adjustable-rate mortgage loans from prior years are reset at higher rates. "A unified strategy and ...
    2007-10-10 08:48:00
  • U.S. MBA's Mortgage Applications Index Rose 2.4% Last Week

    Bloomberg - Residential real estate is going through a second leg down after concerns over subprime mortgage defaults caused credit markets to seize up in August, and loans have remained harder to get since then. New York-based CreditSights Inc ...
    2007-10-10 04:23:00
  • Administration announces new mortgage industry coalition

    Minneapolis Star Tribune - ... little and too late to significantly address a growing foreclosure crisis as homeowners struggle to deal with sharp increases in their adjustable mortgage payments. The rising defaults, which started in the market for subprime mortgages — loans ...
    2007-10-10 08:05:00
  • Improvement in Mortgage Market Bodes Well for Housing in 2008

    Forbes - Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages," he said. Yun said it's important to ...
    2007-10-10 07:01:00
  • Wachovia Mortgage's 'SQ2' rating affirmed - Moody's

    CNBC - MUMBAI (Thomson Financial) - Moody's Investors Service affirmed Wachovia Mortgage Corp's rating of 'SQ2' as a primary servicer of prime residential mortgage loans. Moody's rating is based on above average collection results, average loss mitigation ...
    2007-10-09 10:11:00