Mortgage and Financial News From 2007-9-9 Page 12
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Be Wary Of Mortgage Insurance Solicitors (Hartford Courant)
The meltdown among subprime mortgage lenders shows a particularly ugly side of the housing market - the business of selling high-risk financial products to people who might not be that financially savvy.
2007-09-09 12:15:46 -
Other lenders tighten terms (The Myrtle Beach Sun News)
The stream of credit offers that has filled consumers' mailboxes in recent years may be slowing just a bit. Although credit card issuers and other companies that lend to consumers have escaped the barrage of defaults that mortgage lenders have endured, they're nonetheless being more careful about who they lend to, and under what terms. Some card issuers are raising interest rates, while others ...
2007-09-09 12:13:35 -
Despite crackdown, unlicensed mortgage lenders persist (Everett Herald)
Concerned about mortgage fraud and predatory lending practices, many states have toughened their laws by requiring loan officers or originators to undergo extensive background checks and show proof of professional experience and training.
2007-09-09 12:15:42 -
Economy rivals Iraq as U.S. political issue
International Herald Tribune - Ben Bernanke, the Fed chairman, has signaled his readiness to reduce a key interest rate, the overnight rate for loans between banks, if the turmoil in the mortgage markets threatens to derail economic growth. But Fed officials still have lingering ...
2007-09-09 06:04:00 -
Bargain season on Wall Street?
Austin American-Statesman - STOCK MARKET Bargain season on Wall Street? Stock prices are low, hopes for an interest rate cut are high, and investment pros are ready to buy. By Eric Martin and Daniel Hauck BLOOMBERG NEWS Sunday, September 09, 2007 NEW YORK — Investors have ...
2007-09-09 05:07:00 -
Stocks up amid rate cut optimism
Lansing State Journal - NEW YORK - Stocks rebounded sharply Wednesday as investors, growing more optimistic about chances for an interest rate cut, sought bargains after the previous session's huge tumble. The Dow Jones industrials gained almost 250 points. Many investors ...
2007-09-09 12:14:00 -
Week Ahead
Baltimore Sun - Dollar Financial Corp.; Shuffle Master Inc.; Stewart Enterprises Inc. Sun reporters are seeking readers facing an interest rate increase on an adjustable-rate mortgage, as well as those in the market for a jumbo loan to buy a higher-priced house ...
2007-09-09 12:21:00 -
Glazers hit back over United debt claims
ESPN.com - The report states that since last year's refinancing, United and the Glazers have been faced with 'a series of interest rate rises which have increased the annual debt service bill from £62m a year on the total debt of £660m. 'The interest bill is ...
2007-09-09 05:36:00 -
Plosser Says Fed Rate Cut Not Always Needed to Soothe Markets
Bloomberg - Sept. 9 (Bloomberg) -- Federal Reserve Bank of Philadelphia President Charles Plosser said there is an ``underlying stability'' in the U.S. economy and officials need not always cut interest rates in response to turmoil in financial markets ...
2007-09-08 10:19:00 -
TFN NEWS BRIEFING: Oil and utilities highlights to 09:15 BST
CNBC - 2007-09-09 08:25:21 Malaysia to maintain key interest rate, fuel prices for now KUALA LUMPUR (Thomson Financial) - Malaysia on Saturday said interest rates and fuel prices will remain at current levels as the country targets robust growth of 6.5 ...
2007-09-09 01:18:00 -
Bernanke, the Fed and 2008
International Herald Tribune - UNTIL financial markets went haywire last month, the Sept. 18 meeting of Federal Reserve policy makers was shaping up to be pretty routine. The Fed, after all, has not changed its benchmark interest rate in more than a year, and there was no reason ...
2007-09-09 04:03:00 -
Gulf cbanks have more interest rate freedom - Oman
Reuters India - DUBAI (Reuters) - Gulf Arab central banks have greater freedom to set interest rates after they agreed to develop separate policies to tackle rising inflation, Oman's central bank governor said on Sunday. Central bankers from the six Gulf oil ...
2007-09-09 12:49:00 -
Forbes Urges Fed to Cut Interest Rate
Forbes - Billionaire publisher Steve Forbes urged the U.S. Federal Reserve on Sunday to cut a key interest rate by a full percentage point when it meets later this month, to solve an ongoing credit crisis. The central bank should also focus on addressing the ...
2007-09-09 03:20:00 -
Steve Forbes Urges US Fed To Cut Rate By 100 BPs At Sep Mtg (Nasdaq)
SINGAPORE (AP)--Billionaire publisher Steve Forbes on Sunday urged the U.S. Federal Reserve to cut a key interest rate by a full percentage point when it meets later this month, in a bid to solve the current credit crisis.
2007-09-09 03:10:12 -
Gulf cbanks have more interest rate freedom - Oman (Reuters via Yahoo! Asia News)
DUBAI, Sept 9 (Reuters) - Gulf Arab central banks have greater freedom to set interest rates after they agreed to develop separate policies to tackle rising inflation, Oman's central bank governor said on Sunday.
2007-09-09 12:16:41