Mortgage and Financial News From 2007-9-18 Page 11

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  • R&G Financial Corporation Updates Status of Mortgage Banking

    MSN MoneyCentral - Reports Increase in Allowance for Loan and Lease Losses and Valuation Allowance on its Mortgage Loans Held-For-Sale Portfolio SAN JUAN, Puerto Rico, Sept. 18 /PRNewswire-FirstCall/ -- R&G Financial Corporation, San Juan, Puerto Rico (the "Company ...
    2007-09-18 02:08:00

  • Problem Residential Loans Rising At National City (News Channel 5 Cleveland)

    CLEVELAND -- New numbers from National City show the bank's troubled residential mortgage loans have been on a steady rise to a one-year high in August.
    2007-09-18 05:43:20

  • National Bank of Dubai launches NBD Offset Home Loans (AME Info)

    National Bank of Dubai (NBD) today announced the launch of NBD Offset Home Loans, the first offset mortgage product in the UAE.
    2007-09-18 05:56:46

  • Problem loans higher at bank (The Cincinnati Post)

    CLEVELAND - National City Corp. said Monday that problem residential real-estate mortgage loans at risk of foreclosure have increased by 58 percent over the space of a year.
    2007-09-18 05:15:50

  • House votes to expand mortgage coverage (CNN Money)

    Bill would allow the Housing Administration to back refinanced loans for borrowers whose mortgage rates have increased sharply from low 'teaser' rates.
    2007-09-18 10:40:22

  • Helping Lara Logan (updated 1/26)

    MediaChannel.org - ... segment in question–”Battle for Haifa Street”–is a piece of first-rate ... no matter how strong, no matter how gruesome–far from the eyes of their prime ... So for those who have a real, genuine interest in what is really going on in Iraq ...
    2007-09-17 04:58:00

  • Articles 1 to 10 of 37

    Wharton - The sub-prime mortgage crisis and the credit crunch that has followed in its ... funneled money into the market because its returns, in an environment of low interest ... that can expect the largest drop in population, or a slow-down in their rate of ...
    2007-09-16 09:41:00

  • US stocks soar after Fed slashes interest rates

    Daily Telegraph - US stock markets surged after the Federal Reserve slashed its main interest by half a ... Housing is no better, with trouble that began in the sub-prime mortgage sector ... the Fed itself intervene to inject $38bn and to cut the inter-bank discount rate ...
    2007-09-18 11:37:00

  • BofA lowers prime-lending rate

    Tampa Bay Business Journal - Bank of America Corp. has lowered its prime-lending rate to 7.75 percent from 8.25 percent, effective Tuesday. The prime rate is a benchmark used to set interest rates on corporate and consumer credit. The rate hike follows a decision Tuesday by the ...
    2007-09-18 10:54:00

  • Fed Surprises Investors With Steep Rate Cuts

    CNBC - The Fed announced Tuesday that it was reducing its target for the federal funds rate, the interest that banks charge each other ... The prime rate has been at 8.25 percent for the past 15 months. The Fed's action came in the midst of the worst slump in ...
    2007-09-18 12:49:00

  • Prime interest rate reduced

    Tallahassee Democrat - Jubilation in the national financial markets has followed action by the Federal Reserve today to reduce the prime interest rate by 50 basis points or one half of a percentage point. By mid afternoon, the Down Jones industrial average had moved up ...
    2007-09-18 01:46:00

  • UK Lender Gains on Govt. Guarantees

    Chicago Tribune - LONDON - Prime Minister Gordon Brown insisted the British economy remained strong Tuesday while worried depositors lined up ... had "an economy that will continue to grow, continue to create jobs and continue to have low inflation and low interest rates ...
    2007-09-18 02:00:00

  • Wachovia Lowers Prime Interest Rate To 7.75% - Quick Facts [WB]

    RTT News - 9/18/2007 3:06:53 PM Wachovia Corp. (WB) on Tuesday lowered its prime interest rate to 7.75 percent from 8.25 percent at Wachovia Bank, National Association and all of its other banking subsidiaries. The prime rate is a benchmark used to set interest ...
    2007-09-18 11:01:00

  • Stocks surge after Fed rate cut

    Los Angeles Times - Bank and brokerage stocks, which are especially sensitive to rate fluctuations, led the advance. Investors are betting that lower interest rates will ease the recent credit crunch tied to problems with sub-prime mortgage defaults, as well as stimulate ...
    2007-09-18 12:56:00

  • Shares of national banks rise on heels of Federal Reserve rate cuts

    CNBC - The federal funds rate, the rate banks charge each other, is often used to calculate interest rates on typical consumer and business loans. The cut will likely be quickly reflected in banks' prime lending rate, making borrowing more attractive for ...
    2007-09-18 11:52:00

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