Mortgage and Financial News From 2007-9-13 Page 21
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Fed Playing Middle Ground On Cutting Rates
CNBC - ... job outlook makes some monetary easing seem all but inevitable, lowering rates by ... True, futures markets are pricing in a solid chance of such a move from the current ... before they know just who might hold significant exposure to tarnished mortgage debt
2007-09-12 01:32:00 -
EU finance ministers, bankers to try assuage credit crisis jitters at ...
International Herald Tribune - ... and Monetary Affairs Commissioner Joaquin Almunia has indicated that the current credit crisis and market turbulence, sparked by the collapse of the subprime mortgage ... US$1.39 amid speculation that the gap between U.S. and European interest rates ...
2007-09-13 03:36:00 -
Euro eyes 1.40 dollars after new record high
Raw Story - The Fed is set to cut rates "due to the danger that the current credit squeeze and subprime mortgage problems will increasingly spill over to significantly weaken already fragile US growth," Archer added. Roller-coaster volatility has gripped ...
2007-09-13 02:53:00 -
Dollar Index Plumbs 15-Year Lows, Fed Rate Cut Expected
CNBC - ... when an unexpectedly weak U.S. jobs report fuelled speculation that the Fed may cut rates by as much as 50 basis points on Sept. 18 from the current 5.25 ... in financial and credit markets, which spiraled out from troubles in the U.S. subprime mortgage ...
2007-09-13 04:26:00 -
Now Britain's biggest mortgage lender raises interest rates
Daily Mail - It was effectively an admission that mortgage rates are out of the Bank's control as a result of the crisis in the world's ... He took the unusual decision to make it public in advance because of the current credit crisis. Mr King warned: "The new ...
2007-09-13 04:26:00 -
ECB Highlights Uncertainty, Waiting for Credit Data
CNBC - ... scaled a fresh record high against the U.S. dollar, the ECB highlighted the current ... the bank's August monetary policy meeting, in the past a signal that higher rates ... to global expansion had recently increased due to the tensions in the U.S. mortgage ...
2007-09-13 03:36:00 -
Dollar hits new low versus euro
BBC Business - The dollar has fallen in the past week, amid hopes that Federal Reserve will cut interest rates in a bid to reassure markets over current credit ... triggering an increase in the number of people defaulting on loans, especially in the sub-prime mortgage ...
2007-09-13 02:18:00 -
Bank pumps £4bn into money market
BBC Business - ... in an effort to ease the current credit squeeze. Financial market problems across the globe have been triggered by a crisis in the US sub-prime mortgage sector, which specialises in loans to high risk, low income customers. But US mortgage rates ...
2007-09-13 04:41:00 -
Report finds higher rejection rates for home mortgages in 2006
MLive.com - ... at mortgage practices done each year, showed discrimination was continuing and that these problems were contributing to the current crisis in subprime lending, where a growing number of families are losing their homes due to rising foreclosure rates. ...
2007-09-13 04:12:00 -
IMF warns RBA on rates
News.com.au - ... said in the review of Australia that the RBA's decision to raise interest rates ... Australian banks' exposure to US sub-prime mortgage loans is low, and the direct ... It expects the current account to remain stable at around 5.6 per cent of gross ...
2007-09-12 09:31:00 -
Dollar hits new low vs. euro amid rate cut talk
Boston Globe - ... few cents of its record low over recent weeks amid the market turmoil caused by the subprime mortgage crisis ... the Fed will cut interest rates at its Sept. 18 meeting by up to half a percentage point from the current 5.25 percent. Lower interest rates ...
2007-09-13 03:58:00 -
More minorities denied mortgages
Boston Globe - Blacks and Latinos in the Boston area were denied mortgages at the highest rates ... 30.8 percent of blacks and 26.5 percent of Latinos were rejected for a mortgage to ... In the current environment - with so many homeowners facing foreclosure or ...
2007-09-13 02:46:00 -
Paulson urges mortgage help
Baltimore Sun - ... sure subprime homeowners get assistance in dealing with sharply rising mortgage ... prompted the Federal Reserve to signal that it stood ready to cut interest rates ... Bush proposals offered only modest relief that would help perhaps 80,000 current ...
2007-09-13 03:08:00 -
Bank of Canada's Dodge views rates as "appropriate" (The Globe and Mail)
OTTAWA (Reuters) - The Bank of Canada sees no need to change interest rates as it studies the impact on economic growth of the financial market instability stemming from the U.S. subprime mortgage meltdown.
2007-09-12 07:01:55 -
NZ central bank holds rates steady (NDTV Profit)
New Zealand's central bank held its official cash rate steady at 8.25 per cent Thursday, saying it expects the current level of interest rates will be sufficient to contain medium-term inflation.
2007-09-12 10:59:43