Mortgage and Financial News From 2007-10-10 Page 8
Previous Day: 2007-10-09
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Titan Lenders Corp. Selects National Mortgage Compliance Services (Business Wire via Yahoo! Finance)
DENVER----Titan Lenders Corp., a mortgage back office fulfillment services provider specializing in closing, funding, and post closing services has chosen National Mortgage Compliance Services, LLC, as an advisor on compliance matters related to its services.
2007-10-10 12:26:00 -
IRS sets interest rate on overdue taxes
Des Moines Register - The Iowa Department of Revenue announced today that the annual interest rate in 2008 on overdue taxes will be 10 percent. The monthly interest rate will be 0.8 percent. Both rates are unchanged from 2007. The department's interest rate is based on ...
2007-10-10 02:24:00 -
Bank of Canada injects C$436 mln to add liquidity
Reuters - TORONTO, Oct 10 (Reuters) - The Bank of Canada injected C$436 million into the markets on Wednesday to lower the overnight interest rate toward the central bank's target and improve liquidity. The bank intervened regularly in August during a credit ...
2007-10-10 12:23:00 -
UK Sept house price balance -14.6 pct, biggest fall since Sept 2005 ...
Forbes - RICS said this deteriorating confidence is being driven by the demand side of the market, with interest rate increases and related financial markets issues depressing surveyors' outlooks. 'As a result, some would-be buyers are turning to the rental ...
2007-10-10 05:16:00 -
RPT-TREASURIES-Bonds little changed as rates outlook questioned
Reuters - NEW YORK, Oct 10 (Reuters) - U.S. government bond prices were little changed on Wednesday as doubts over the outlook for future Federal Reserve interest rate cuts offset an earlier boost in Treasuries provided by sliding stocks. Disappointing ...
2007-10-10 01:41:00 -
Bank of Japan Should Raise Rates to Help Yen, Asia Genesis Says
Bloomberg - Japan should normalize its extremely low interest-rate policy as that's resulted in a gross imbalance in the form of carry trades, which can endanger the global financial system,'' Chua Soon Hock, who helps oversee about $539 million as managing ...
2007-10-10 05:38:00 -
Pound Rises After King Comments Damp BOE Rate-Cut Speculation
Bloomberg - Oct. 10 (Bloomberg) -- The pound rose against the dollar after Bank of England Governor Mervyn King suggested he's reluctant to lower interest rates to shield lenders from increased credit costs, and pledged to fight inflation. The pound gained ...
2007-10-10 09:45:00 -
Tennessee company sues Lehman unit alleging breach of rate-lock pact
CNBC - As part of the rate-lock agreement, the Lehman bank was authorized to enter into hedging arrangements to offset any losses it might incur in locking the interest rate _ but only in the event that a customer failed to close the loan according to the ...
2007-10-10 11:33:00 -
UPDATE 1-Lehman unit sued over rate lock agreement
Reuters - Store It said under the terms of the agreement, it and other members of the class it wants to represent were required to make payments to the bank to lock in an interest rate for commercial mortgage financing. It alleges that instead of abiding by ...
2007-10-10 01:13:00 -
Sept house prices fall at fastest rate in 2 years
Reuters UK - LONDON (Reuters) - House prices fell at their fastest pace in two years in the three months to September and the outlook for sales was its weakest in 4-1/2 years, as interest rate worries put people off investing in property. The Royal Institution of ...
2007-10-10 04:12:00 -
Dollar trades mixed against major currencies on talk of further Fed ...
CNBC - NEW YORK - The dollar finished mixed Wednesday against other major currencies amid renewed speculation about a possible further interest rate cut from Washington. The dollar fell against the euro and British pound, but edged up against the Japanese ...
2007-10-10 01:56:00 -
Study says mortgage lending was unprofitable business last year amid ...
CNBC - Study says mortgage lending was unprofitable business last year amid unfavorable interest rate ... WASHINGTON - Even before surging defaults rattled the mortgage industry, lenders were facing financial troubles and ...
2007-10-10 01:06:00 -
Forex - US dollar mixed against major currencies amid talk of a rate ...
Forbes - SYDNEY (Thomson Financial) - The US dollar was mixed against major currencies in midmorning trade Thursday after losing ground overnight due to falls on Wall Street and growing expectations for another US interest rate cut this year. 'The US dollar ...
2007-10-10 05:16:00 -
Yen Little Changed Before Bank of Japan Interest-Rate Decision
Bloomberg - Oct. 11 (Bloomberg) -- The yen was little changed against the euro before the conclusion of a Bank of Japan interest-rate meeting at which economists expects policy makers to keep borrowing costs at the lowest of any major economy. The currency ...
2007-10-10 05:09:00 -
Euro rises against the dollar on US rate hopes (AFP via Yahoo! News)
The euro gained on the dollar on Wednesday as traders continued to react to minutes from the latest US Federal Reserve meeting that were seen as pointing to further interest rate cuts by the bank.
2007-10-10 10:40:39
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