Mortgage and Financial News From 2007-9-17 Page 2
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Chancellor to allow BoE to guarantee Northern Rock deposits
Daily Telegraph - In addition, we have historically low inflation which has in turn seen low interest and mortgage rates. Our economic, monetary, fiscal and regulatory framework and tripartite system for the financial markets has underpinned the stability of our ...
2007-09-17 10:23:00 -
Australia Central Bank Denies Bank Funding Rumors
CNBC - Analysts say the big four lenders -- National Australia Bank , Commonwealth Bank of Australia , Australia and New Zealand Banking Group and Westpac Banking -- could also be forced to raise mortgage rates due to the rising cost of funds. Australian ...
2007-09-17 09:47:00 -
Major banks to ride credit tide
News.com.au - Non-bank lenders such as Liberty Financial and Bluestone Group have already been affected by higher lending costs and both have raised their mortgage rates. This month National Australia Bank Ltd's chief executive John Stewart said it "wouldn't be ...
2007-09-17 06:34:00 -
Fed seen cutting rates as housing slump weighs
CNBC - However, it lowered the discount rate that governs direct Fed loans to banks in mid-August in an effort to unfreeze credit markets unsettled by mortgage defaults. A cut in overnight rates on Tuesday would mark a sharp shift for the U.S. central ...
2007-09-17 09:25:00 -
Mortgage stress soaring: survey (Sydney Morning Herald)
Mortgage stress is rising dramatically and flowing into middle-class homes, survey shows.
2007-09-17 10:35:30 -
Fed Will Cut Rates, Economists Agree, But By How Much? (Investor's Business Daily via Yahoo! News)
Interest rates are almost certainly going to get a haircut Tuesday. The question is how much Federal Reserve Chairman Ben Bernanke will take off the top.
2007-09-17 04:00:00 -
Clamour for US to cut rates (Herald Sun)
THE US Federal Reserve is widely tipped to cut interest rates tomorrow as the ripple effect from the collapse of the American sub-prime mortgage market.
2007-09-17 07:00:00 -
Fed seen cutting rates as housing slump weighs (Reuters via Yahoo! News)
The U.S. Federal Reserve is expected to chart a new course on Tuesday and cut benchmark interest rates for the first time since mid-2003 to protect the economy from a housing downturn and jittery credit markets.
2007-09-17 09:27:32 -
Greenspan says tried but failed to raise U.S. mortgage rates (Market Watch)
WASHINGTON (MarketWatch) -- Former Federal Reserve Board chairman Alan Greenspan says he tried to raise mortgage rates to head off a housing bubble, but the effort came to naught because of "global forces" that had the effect of keeping long-term interest rates low.
2007-09-17 09:33:45 -
At Nasdaq, Obama Delivers Main Street Speech to Wall Street Crowd
New York Observer - To achieve that, Obama proposed establishing “a federal definition of mortgage fraud” and “a Home Score system that would create a simplified, standardized metric for home mortgages.” Secondly, he said there needed to be greater oversight of ...
2007-09-17 09:15:00 -
Obama urges more 'transparency' on Wall Street
Marketwatch - Obama urged an update of mortgage rules that include establishing a federal definition of mortgage fraud, tougher penalties for unscrupulous lenders, and a "home score" system that would serve as a standardized metric for home mortgages that would ...
2007-09-17 10:55:00 -
Oil Sets New Record Ahead of Fed Meeting
Chicago Tribune - Oil prices have set several new records over $80 a barrel in recent days for a number of reasons, including perceptions that problems in the subprime mortgage industry would have a minor effect on the economy. The nine-session rally reversed August's ...
2007-09-17 05:01:00 -
New York Times to Stop Charging Web Fees
Chicago Tribune - NEW YORK - The New York Times is scrapping a two-year-old program to charge fees for access to parts of its Web site, including op-ed columnists and archives dating back to 1987. As of midnight Tuesday, the Times will discontinue its TimesSelect ...
2007-09-17 05:51:00 -
Obama Unveils Tax Plan Today in Washington
New York Sun - Obama proposed establishing a federal definition of mortgage fraud and creating a metric by which consumers could compare mortgage plans more easily. He said government must also investigate the relationship between rating agencies and their clients ...
2007-09-17 09:33:00 -
Article alleging Enid real estate appraisal collusion, fraud creates ...
Enid News & Eagle - The article comes on the heels of a report published in June by a national research organization that ranked Enid second among what it calls “potential breeding grounds” of mortgage fraud involving subprime loans. The Mortgage Asset Research ...
2007-09-17 08:50:00
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