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

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  • Lone Star wants to pay a lower price to buy Accredited Home Lenders (Boston Herald)

    DALLAS - Private equity firm Lone Star Fund V LP wants to pay a lower price for mortgage company Accredited Home Lenders Holding Co., the latest in a string of buyouts that are in trouble or being renegotiated. In...
    2007-08-31 04:52:11
  • Bush Offers Measures to Help Ease Mortgage Crisis (Washington Post)

    President Bush today unveiled a series of measures intended to help ease a wave of mortgage defaults, but he ruled out any federal bailout for lenders or for homeowners who bought properties they could not afford.
    2007-08-31 04:51:36
  • Chicago Law Firm Launches Advisory Group to Assist Banks and Mortgage Lenders Facing Demands to Repurchase Defaulted ... (Business Wire via Yahoo! Finance)

    CHICAGO----The Chicago law firm of Arnstein & Lehr, LLP announced today the launch of a practice group to assist banks and mortgage lenders facing demands to repurchase defaulted mortgages.
    2007-08-31 04:37:00
  • Premarket Movers: Mortgage Lenders Gain (AP via Yahoo! Finance)

    Mortgage lenders got a boost in premarket trading Friday as investors anticipated positive comments in separate speeches by President Bush and Federal Reserve Chairman Ben Bernanke.
    2007-08-31 01:12:43
  • Out of the Gate: Mortgage Lenders Surge (AP via Yahoo! Finance)

    Shares of mortgage lenders leaped at the opening bell Friday after comments from Federal Reserve Chairman Ben Bernanke suggested the Fed may lower interest rates, and President Bush was expected to outline plans to help borrowers struggling to pay home loans.
    2007-08-31 02:35:23
  • Fed Chief Gives No Hint of Imminent Rate Cut

    New York Times - ... the Federal Reserve chairman, said today that the central bank "stands ready to take additional actions as needed" to limit the effect of the recent financial market disorder on the economy as a whole, but he gave no hint that an interest rate cut ...
    2007-08-31 03:02:00
  • UK consumers upbeat despite rate hikes

    Newratings.com - LONDON, August 31 (newratings.com) - Analysts at ING Financial Markets say that interest rate hikes have not had the required slowing effect on UK consumers. In a research note published this morning, the analysts mention that the Confederation of ...
    2007-08-31 04:43:00
  • Robust mortgage data rekindles rate hike talk

    Reuters UK - LONDON (Reuters) - Banks approved thousands more mortgages for new homes than analysts had expected in July, suggesting any housing market slowdown will be gradual and rekindling talk that interest rates may yet rise again. Consumer credit rose at ...
    2007-08-31 08:21:00
  • July Personal Consumption Weaker Than Expected

    Forbes - The moderate July numbers give the Fed more leeway to use an interest rate cut to assist credit-crunched financial markets. The Federal Open Market Committee is widely expected to cut the federal funds target rate at its September meeting. On Friday ...
    2007-08-31 03:31:00
  • Bank of Canada Interest Rate Announcement

    CNW Group - OTTAWA, Aug. 31 /CNW Telbec/ - On Wednesday, 5 September 2007, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. < 08:00 Lock-up: Journalists are ...
    2007-08-31 01:29:00
  • Eurozone data fail to dispell doubts over ECB rate moves

    Raw Story - Eurozone figures that showed easing economic confidence and steady inflation failed on Friday to dispel a cloud of uncertainty over the outlook for ECB interest rates, economists said. But while many economists are banking on the European Central ...
    2007-08-31 03:52:00
  • Dollar up on strong spending data

    News.com.au - THE Australian dollar closed higher today after receiving a leg-up from strong retail sales figures that supported expectations of another interest rate rise. At 1700 AEST, the Australian dollar was trading at $US0.8244/45, up from yesterday's close ...
    2007-08-31 02:55:00
  • Treasurys under pressure as investors hope for rate clues from ...

    CNBC - NEW YORK - Treasury prices slumped early Friday, sending yields higher as investors readied for a higher opening on Wall Street and hoped that a morning speech by Federal Reserve Chairman Ben Bernanke will hint at an imminent interest rate cut ...
    2007-08-31 01:08:00
  • German shares higher at afternoon as market awaits comments on US ...

    Forbes - FRANKFURT (Thomson Financial) - Shares were higher in afternoon trade, as German indices were helped by a higher opening to trade across the Atlantic today. The market was buoyed by speculation of a potential interest rate cut in the US and possible ...
    2007-08-31 03:02:00
  • Bank set to leave Interest rates on hold

    Reuters UK - Second quarter economic growth was above trend and both the usually rate-sensitive mortgage and housing markets remain vigorous despite five interest rate hikes in a year. "We would expect the MPC to remain on hold until recent financial market ...
    2007-08-31 12:32:00