Mortgage and Financial News From 2007-8-31 Page 19

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  • Fitch Rates Long Beach, California's $56MM TRANs 'F1+'

    CNBC - Fitch Rates Long Beach, California's $56MM TRANs 'F1+' ... to total $370.2 million for fiscal 2008, covering note principal and interest 6.4 ... budget, the city will require ongoing fiscal discipline to maintain its current ...
    2007-08-30 09:30:00
  • SKorean shares higher in early trade on robust current account surplus

    Forbes - SEOUL (Thomson Financial) - South Korean shares were higher in early trade Friday 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 ...
    2007-08-30 12:59:00
  • Fitch Rates Florida Keys Aqueduct Authority, Florida's $57MM Water ...

    Forbes - Proceeds from the current offering will fund various capital improvements to the ... Also considered are the authority's high rates necessitated by the high cost of ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-08-30 09:16:00
  • Subprime crisis bumping up interest rates

    Sauk Valley Daily Gazette - If you suspect interest rates will fall, as many economists do, then this is a good time to lock in current rates. "If you're looking to diversify your portfolio or generate interest income, these long-term CDs look mighty appealing as we stare at ...
    2007-08-30 04:15:00
  • Greek National Bank says current credit market turbulence not to ...

    Forbes - ... National Bank of Greece said that the current credit market turbulence will not affect operations in the countries where it operates. The CFO, Anthimos Thomopoulos, said on a conference call that even in Turkey, where interest rates spiked, they have ...
    2007-08-30 05:41:00
  • Tax cuts, petrol boost spending

    News.com.au - ... to raise interest rates in August, economists say. However, the results may not be enough to force another rate rise given the emergence of problems in global credit markets. Retail data 'supports rate decision' Australian retail trade at current prices ...
    2007-08-31 04:18:00
  • Rates more likely up than down: RBA (Hastings Gazette)

    There is a greater chance that interest rates will rise than fall, Australia's central bank says. Reserve Bank of Australia (RBA) governor Glenn Stevens said that while the last set of official inflation data showed consumer prices were easing, the case for a possible rate rise remained.
    2007-08-30 06:08:18
  • Central Banks: Who Will Raise Rates, Cut Rates or Leave them Unchanged? (Forex Capital Markets via Yahoo!7 Finance)

    Interest rates have a huge impact on forex trading, and currently, central banks have been on edge as volatility in the financial markets may have derailed plans for further monetary policy tightening. Over the course of the next week, a total of four central banks will meet and announce their rate decisions, and the Australian dollar, Canadian dollar, Euro, and British pound could all be subject ...
    2007-08-30 09:51:35
  • Australia cenbank struggles to curb rising rates (Reuters via Yahoo! Asia News)

    SYDNEY, Aug 31 (Reuters) - Australia's central bank on Friday provided the banking system with less money than its estimated need, as it struggled to ease upward pressure on some market interest rates.
    2007-08-31 12:42:20
  • Central Banks: Who Will Raise Rates, Cut Rates or Leave them Unchanged? (Daily FX via Yahoo! Finance)

    Interest rates have a huge impact on forex trading, and currently, central banks have been on edge as volatility in the financial markets may have derailed plans for further monetary policy tightening.
    2007-08-30 07:51:35
  • SKorean shares higher in early trade on robust current account surplus (Sharewatch)

    SEOUL (Thomson Financial) - South Korean shares were higher in early trade Friday 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 day.
    2007-08-31 02:25:08
  • IndyMac hires some American Home Mortgage workers

    Newsday - IndyMac Bancorp Inc., the second-biggest U.S. independent home lender, is hiring as many as 850 former employees of bankrupt American Home Mortgage Investment Corp. in a push to lend through storefront offices. The recruits are expected to generate ...
    2007-08-29 12:53:00
  • Mortgage news, home prices ramp up pressure on Fed

    CNBC - NEW YORK - Home builders, mortgage lenders and a federal regulator maintained the flow of downbeat reports on U.S. housing on Thursday, adding to a cacophony of calls for the Federal Reserve to lower its key interest rate. The worry is the housing ...
    2007-08-30 08:47:00
  • Sub-prime lender says problems are on scale of Great Depression

    Times Online - The chief executive of one of America’s biggest sub-prime mortgage lenders has predicted that the current “dislocation” in the US home loan market could be the most severe since the Great Depression in the 1930s. Mark Ernst, chief executive of ...
    2007-08-30 09:52:00
  • Mortgage woes cut Freddie Mac's profit

    MSNBC - WASHINGTON - Freddie Mac, the second-largest U.S. buyer and guarantor of home mortgages, said Thursday its second-quarter profit fell 45 percent as it had to record larger provisions on its books for bad loans. The government-sponsored company, which ...
    2007-08-30 01:30:00