Mortgage and Financial News From 2007-8-31 Page 9

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  • Bernanke Speech Fuels Expectations of Rate Cut

    NPR News - The remarks from Bernanke served to bolster the opinions of many investors who expect the central bank to cut a key interest rate from the current 5.25 percent to 5 percent or lower, perhaps sometime in the next three weeks. Speaking at the Federal ...
    2007-08-31 03:38:00
  • European govt bonds higher at month's end, Bernanke reinforces rate ...

    Forbes - LONDON (Thomson Financial) - European government bonds strengthened sharply in late trade after chairman Ben Bernanke said the US Federal Reserve will do what is necessary to protect the economy, supporting expectations for a cut in interest rates in ...
    2007-08-31 04:35:00
  • US STOCKS-Wall St surges on rate cut hopes, Bush plan

    Reuters - NEW YORK, Aug 31 (Reuters) - U.S. stocks surged on Friday after a speech by Fed Chairman Ben Bernanke spurred speculation for a benchmark interest rate cut next month and President Bush said he would help struggling subprime mortgage borrowers avoid ...
    2007-08-31 05:04:00
  • Honda exec: Fed should cut interest rates to help economy

    Detroit Free Press - A cut in one interest rate came 10 days later on Aug. 17, and analysts are expecting a broader rate cut when Chairman Ben Bernanke and his Fed colleagues meet in September. Automotive forecasting company CSM Worldwide has forecast U.S. sales will ...
    2007-08-31 02:12:00
  • US RATE FUTURES-Still lower after Bernanke

    Reuters - CHICAGO, Aug 31 (Reuters) - U.S. short-term interest rate futures held at lower levels on Friday after a key speech by Federal Reserve Chairman Ben Bernanke that suggested no immediate cut to the Fed's benchmark rates is in the works. Speaking in ...
    2007-08-31 02:05:00
  • Commodities rally as investors await Fed chairman speech and hints of ...

    CNBC - NEW YORK - Commodities rallied Friday along with Wall Street as investors, eager for news of a possible interest rate cut, awaited a morning speech by Federal Reserve Chairman Ben Bernanke. A sharply weaker U.S. dollar also buoyed commodities ...
    2007-08-31 01:36:00
  • Shares of mortgage lenders surge on prospect for rate cut, borrower ...

    CNBC - NEW YORK - 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 ...
    2007-08-31 02:41:00
  • US RATE FUTURES-Lower despite mild July PCE

    Reuters - CHICAGO, Aug 31 (Reuters) - U.S. short-term interest rate futures fell sharply on Friday, reversing Thursday's gains as part of a broader unwinding of flight-to-safety trades across the fixed-income sector. The sell-off continued despite a mild ...
    2007-08-31 04:07:00
  • Bank of Canada Interest Rate Announcement (CNW Group via Yahoo! Finance)

    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.
    2007-08-31 01:35:00
  • FACTBOX-Key facts about interest rate changes in Asia (Reuters via Yahoo! Asia News)

    SINGAPORE, Aug 31 (Reuters) - Shaky financial markets are prompting Asian central banks to tread cautiously in monetary policy, keeping official interest rates in the region on hold.
    2007-08-31 06:54:19
  • US interest rate speculation helps boost the FTSE (The Scotsman: Business)

    INVESTORS were treated to another rollercoaster ride before the London blue-chips closed higher for the second consecutive session, buoyed by hopes of a US interest rate cut.
    2007-08-31 01:11:39
  • Borrowers Who Apply for a Federal Student Loan With NextStudent by August 31, 2007, Can Qualify for Interest Rate ... (Marketwire via Yahoo! Finance)

    NextStudent, a leading Phoenix-based education funding company, currently rewards borrowers with up to a 2.25% interest rate discount on all federal student loans, including Stafford, PLUS, Grad PLUS, and Federal Consolidation Loans.
    2007-08-31 01:30:00
  • Fitch: No Negative Impact on Radian-Insured Auction Rate Hospitals & CCRC Bonds After Interest Hikes (Business Wire via Yahoo! Finance)

    NEW YORK----Following a review of Fitch's rated hospital and Continuing Care Retirement Community auction rate bonds insured by Radian Asset Assurance, Ltd. , Fitch does not believe recent spikes in interest rate levels will have a negative impact on the underlying credit ratings of the borrowers affected.
    2007-08-31 01:34:00
  • DODD WANTS CREDIT RATING COS. TO TESTIFY

    New York Post - August 31, 2007 -- U.S. Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said he'll call credit-rating companies to Capitol Hill this fall to explain why they gave high ratings to subprime-mortgage securities that have plummeted in value ...
    2007-08-31 08:50:00
  • Fannie Mae, Freddie Mac denied relief

    Raleigh News & Observer - WASHINGTON - Mortgage finance giants Fannie Mae and Freddie Mac will not be allowed to take on more debt, the government said Friday, denying requests to relax the companies' investment caps as a way to pump cash into the struggling mortgage market ...
    2007-08-31 11:06:00