Mortgage and Financial News From 2007-8-31 Page 15

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  • Outlook uncertain for housing

    Financial Times - The housing market stood firm over the summer as money and credit markets wobbled, a range of data showed on Thursday, with mortgage lending holding up and price inflation returning to more normal levels. Economists said continued low interest rates ...
    2007-08-30 07:28:00
  • Dollar firms as risk-aversion spreads

    The Australian - Unless Dr Bernanke signals interest rates will fall on September 18, when the US Federal Reserve board next meets, the Australian dollar would struggle to hold above US82.75c, Mr Rennie said. That is the half-way point between an 18-year high of US88 ...
    2007-08-31 10:45:00
  • Saft Groupe SA Reports 2007 First Half Earnings (PR Newswire via Yahoo! Finance)

    Saft, leader in the design, development and manufacture of high-end batteries for industry and defence, announces its results for the 6 month period ended 30 June 2007.
    2007-08-31 05:01:00
  • Money market, CD, muni rates rise amid subprime mess (Reno Gazette-Journal)

    Supposedly, the Chinese character for "crisis" is a combination of the symbols for "danger" and "opportunity." When it comes to Wall Street behavior in crisis, though, this famous Japanese haiku nails it:
    2007-08-31 08:52:41
  • Asian Currencies: South Korean Won, Peso Set for Monthly Drop

    Bloomberg - The subprime mortgage crisis pushed the dollar-won higher as foreigners sold Korean securities in the second part of the month,'' said Jo Hyun Suk, a foreign-exchange trader in Seoul at Korea Exchange Bank, the nation's fifth-biggest lender ...
    2007-08-31 07:46:00
  • Lone Star Cuts Offer Price For Accredited To $8.50/share - Update ...

    RTT News - 8/31/2007 5:15:34 AM Private equity firm Lone Star Fund V (U.S.), L.P.'s subsidiary LSF5 Accredited Investments, LLC, which tried to back out of its acquisition deal with subprime mortgage lender Accredited Home Lenders Holding Co. (LEND), said on ...
    2007-08-31 08:36:00
  • Spain and UK lead Euro property boom

    Guardian Unlimited - House prices in Spain have risen at a faster pace than anywhere else in the eurozone over the past five years, outstripping even a strong UK market, figures showed today. Research by mortgage lender Halifax found the cost of a Spanish home had ...
    2007-08-31 09:55:00
  • Bush aims to ease US mortgage woes - report

    CNBC - ... be to temporarily suspend a law that makes homeowners liable for taxes on any amount of mortgage debt that is forgiven by the lender ... The collapse of the sub-prime mortgage sector, surging home foreclosures and a slump in home sale prices have jolted ...
    2007-08-31 08:07:00
  • Mortgage Lender Thornburg Fights Credit Crunch (Forbes)

    The firm will try to ease liquidity problems by selling up to $575 million in stock.
    2007-08-30 04:08:29
  • Freddie Mac profits plunge on mortgage loss (Financial Times)

    Freddie Mac , the home-mortgage lender, posted a 45 per cent plunge in second quarter profits as it was hit by a $320m loss on new mortgages.
    2007-08-30 02:04:35
  • Midsized Lender’s Mortgage Poser (St. Petersburg Times)

    MOSCOW — Midsized lender Moskommertsbank has stopped issuing new mortgages until October in the wake of the U.S. subprime mortgage crisis that has led to a global liquidity squeeze, Vedomosti reported Wednesday, citing sources close to the lender.
    2007-08-30 07:57:02
  • Jumbo mortgage lender Thornburg gets capital infusion (Market Watch)

    SAN FRANCISCO (MarketWatch) -- Shares of Thornburg Mortgage Inc. got a shot in the arm after trading was briefly halted early Thursday, rallying as much as 17% as the jumbo home lender priced a public offering of convertible stock.
    2007-08-30 04:35:28
  • Work out your contribution to climate change

    Belfast Telegraph - Using our questionnaire, you can calculate the size of your own carbon footprint - and begin planning how to reduce it ... Do not include food, travel, home energy, or your mortgage, rent, tax, pension contributions or savings. Divide the ...
    2007-08-29 12:53:00
  • Metro-area home prices up slightly

    Denver Post - The OFHEO data include price information through June and do not reflect the recent mortgage- market instability, which may ... It is considered a more precise measure of home values than Real tor-generated resale numbers, which calculate values based ...
    2007-08-31 06:56:00
  • Heavy Options Action In Chinese Stocks

    Forbes - Thanks to the far-reaching tentacles of the whole subprime mortgage debacle, whereby assets backed by mortgages now gone bad ... Similarly to calculate the prevailing spot rate in terms of any given strike price simply divide one by the strike price. The ...
    2007-08-30 08:26:00