Mortgage and Financial News From 2007-8-31 Page 18

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  • Debt markets tumble ahead of Bush subprime plan

    Reuters UK - Bush will propose reforms to help subprime mortgage borrowers, which hit bonds and ... bank, meanwhile, struggled to ease upward pressure on some market interest rates ... speculation that the U.S. central bank will lower the funds rate from the current 5 ...
    2007-08-31 07:03:00
  • Commercial paper market beset by nerves

    Chicago Tribune - Rates on CDs offered by troubled mortgage lenders, including Countrywide Financial, have climbed in recent weeks, as the credit markets continue to roil. The current shift to the safety of Treasury bills and traditional bank deposits, away from cash ...
    2007-08-31 06:56:00
  • Help on way in mortgage crisis

    AZCentral.com - Help on way in mortgage crisis Bush to unveil aid for at-risk borrowers Noelle Knox USA ... million subprime ARMs totaling about $600 billion will reset to higher rates ... Under current rules, the maximum loan the FHA can guarantee is $202,000 in most ...
    2007-08-31 07:10:00
  • Bush to Offer Proposals To Ease Mortgage Crisis

    Washington Post - Bush to Offer Proposals To Ease Mortgage Crisis By Neil Irwin and Dina ElBoghdady ... they fall behind on adjustable-rate mortgages, which offer low introductory rates ... wave of borrowers, Congress should strengthen the program to better assist current ...
    2007-08-31 03:57:00
  • Mortgage default relief planned (Chicago Tribune)

    Bush proposal would let more refinance WASHINGTON — The Bush administration Friday will propose a set of policies meant to help ease the wave of mortgage defaults, according to senior administration officials. It is the administration's first broad effort to deal with rising levels of home foreclosures, which are widely forecast to increase further in the coming year.
    2007-08-31 06:51:49
  • "Mortgage mess" hits renters (News 14 Carolina)

    GREENSBORO -- The current “mortgage mess” seems to now be spreading to renters. A report released Thursday says rents are expected to rise over the next two years; as a result of the slumping housing market.
    2007-08-31 12:08:34
  • Jobless trend gives cover for rate cut

    Reuters - ... weakness in the U.S. jobs market could be just the kind of "real world" evidence the Federal Reserve needs to cut interest rates ... tight U.S. labor market is seen by many Fed watchers as a prerequisite to a cut in the fed funds rate from its current 5 ...
    2007-08-30 10:13:00
  • Fitch Rates Melbourne, Florida's $27.1MM Water & Sewer Revs 'A+'

    Forbes - Unemployment rates and income levels are slightly below state and national ... approximately 21% of the CIP is cash funded from rate revenue as well as current ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-08-30 07:28:00
  • Malaysian shares sharply lower in early trade after Wall St plunge, US ...

    Forbes - KUALA LUMPUR (Thomson Financial) - Malaysian shares were sharply lower in early trade Wednesday after Wall Street's sharp decline overnight amid doubts whether the US Federal Reserve will cut interest rates to help end the current financial turmoil ...
    2007-08-28 12:54:00
  • Japan deflation streak unbroken

    Financial Times - ... 0.1 per cent fall in core consumer prices. The news will make it still harder for the Bank of Japan to raise interest rates at ... wait-and-see attitude among BoJ board members, making them reluctant to raise the benchmark rate above its current 0.5 ...
    2007-08-31 02:09:00
  • Fitch Rates LA Dept of Water and Power's (California) $675MM Pwr Sys ...

    Forbes - ... supply portfolio, a broad and mature service territory, competitive retail rates ... financial policies, primarily debt service coverage of 2x, maintenance of current ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-08-30 08:33:00
  • Retail group warns against credit revamp

    News.com.au - PEOPLE will be sold more high interest rate products if credit check agencies are ... date when a credit account was opened, a consumer's credit limit but not current ... Sub-prime crisis: ANZ flags possible rates move Racing: Gambling stocks hit hard ...
    2007-08-31 04:11:00
  • Bernanke Under the Microscope

    BusinessWeek - The central bank chief is being pushed by current events, especially the turmoil in financial markets, to step forward and show his cards. The key issue: whether the Fed will cut interest rates. The stakes are huge. Fed action in the next few weeks ...
    2007-08-31 12:08:00
  • Thomson Financial Europe AM at a glance share guide: Stocks, oil mixed

    CNBC - South Korean shares were higher in early trade as investors welcomed another large current account surplus and looked forward to any indication of an immediate cut in US interest rates in a speech by Federal Reserve Chairman Ben Bernanke later in the ...
    2007-08-31 05:08:00
  • Fitch Rates Three Rivers Park District, Minnesota's $14.9MM GOs 'AAA'

    Forbes - ... rate of 4.1% is below county (4.3%), state (4.5%) and national (4.7%) rates. The ... Even with recent levy increases, district officials report the current operating ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-08-30 10:13:00