Mortgage and Financial News From 2007-9-18 Page 3

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  • Impac to All but Cease Loans and Omit 2007 Dividends (New York Times)

    Impac Mortgage Holdings, a California home lender that suspended some operations last month, now plans to cease almost all lending and omit dividends for the rest of 2007 after ?disruptions? caused by rising defaults.
    2007-09-18 06:56:39
  • Lender's workers fight to keep retirement funds (CNN Money)

    Former American Home Mortgage employees are trying to block creditors from taking $11.6M in 'non-qualified' deferred compensation from their retirement plan.
    2007-09-18 06:55:23
  • Royalty review calls for massive jump in oilsands payouts

    National Post - U.S. Fed slashes interest rates The U.S. Federal Reserve on Tuesday slashed the benchmark federal funds rate by... ... A panel reviewing the fairness of Alberta's royalty take from oil and gas development said today Albertans are not ...
    2007-09-18 02:22:00
  • FUTURES MOVERS

    Marketwatch - ... Tuesday afternoon by topping $82 a barrel in electronic trading, buoyed by ongoing concerns over potential storm risks in the Gulf of Mexico, expectations for fall in U.S. supplies and bets that the Federal Reserve's decision to cut interest rates ...
    2007-09-18 02:36:00
  • Asian stocks close lower

    DAWN Group - Most markets had steadied in early trade with investors opting for the sidelines ahead of a decision on United States interest rates by the US Federal Reserve on Tuesday, with observers forecasting a 25 basis point cut. US stocks had also eked out ...
    2007-09-18 03:55:00
  • Wheat forecast slashed, prices jump

    Sydney Morning Herald - The Federal Reserve cut benchmark US interest rates by half a percentage point to buffer the economy from a slump in the housing sector and calm financial market turbulence, but the announcement came right at the closing bell at the Chicago Board of ...
    2007-09-18 07:37:00
  • House approves bill helping mortgage borrowers

    Marketwatch - About two million loans are expected to reset to higher rates in the next two years, with defaults expected to follow ... Such an increase would ensure that FHA is a viable option for borrowers who have payment option and interest-only adjustable ...
    2007-09-18 03:26:00
  • Lehman cuts value of loans, mortgages by a net $700 million

    Marketwatch - Level-two assets are those that may not trade much but can be valued by checking market prices of similar securities and making assumptions about variables such as interest rates. Level-one assets can be valued easily because they trade often
    2007-09-18 05:49:00
  • Oil prices hit new record above 82 dollars in Asian trade - UPDATE

    FXStreet.com - SINGAPORE (Thomson Financial) - Crude oil prices hit record highs above 82 dollars in Asian trading hours Wednesday after the Federal Reserve cut interest rates to boost the US economy. At 9.05 am (0105 GMT), New York's main futures contract, light ...
    2007-09-18 06:25:00
  • Fed Cuts Key Interest Rate by a Half Point; Markets Soar

    New York Times - As United States interest rates became less attractive for investment, the value of the dollar against the euro touched a new low before recovering slightly, and oil prices continued to climb even further above $80 a barrel. In the stock market ...
    2007-09-18 12:56:00
  • Oil, gold prices jump after Fed rate cut

    Houston Chronicle - Lower interest rates can rouse sluggish economic activity and raise demand for raw materials; oil, gold and copper prices climbed in the wake of the decision. The U.S. dollar, undermined by the rate cut, sank to a record low against the euro, adding ...
    2007-09-18 04:38:00
  • Asian Stocks May Advance After U.S. Fed Cuts Interest Rates

    Bloomberg - Sept. 19 (Bloomberg) -- Asian stocks may climb after the U.S. Federal Reserve unexpectedly cut its benchmark lending rate by half a percentage point, easing concern a credit market crisis and the housing slump will slow the world's largest economy ...
    2007-09-18 04:45:00
  • Fed slashes interest rate

    Minneapolis Star Tribune - WASHINGTON — In a bold strike, the Federal Reserve slashed a key interest rate by a half point on Tuesday — the first cut ... statement released after its closed-door meeting. The Fed's action means borrowers who can obtain credit should see rates ...
    2007-09-18 05:21:00
  • 5 Ways to Cash In on the Fed Rate Cut (US News & World Report)

    Borrowers should be on the lookout for dropping rates, and savers can lock in today's payouts
    2007-09-18 03:04:01
  • ANZ eyes 10% retail profit growth

    News.com.au - ... third biggest bank said credit quality was in ``good shape'', with overall provision rates similar to the same time last year. Mortgage and credit ... external customer rates and as I said, there's a link to what we can do on that point given the current ...
    2007-09-18 07:30:00