Mortgage and Financial News From 2007-9-18 Page 4
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Fed Slashes Key Rates, Sparking Stock Rally
CNBC - ... time in four years was seen as cementing the case for cutting overnight borrowing costs from their current ... rate that governs direct Fed loans to banks in an effort to unfreeze credit markets unsettled by mortgage defaults. A cut in overnight rates on ...
2007-09-18 11:16:00 -
Fed cuts interest rates by half a point
MSNBC - The US Federal Reserve cut interest rates by 50 basis points on Tuesday, in an ... over the economic fallout from problems arising from the US subprime mortgage ... Brothers on Tuesday helped ease investor concern about the effect of the current ...
2007-09-18 12:27:00 -
Stock markets, C$ sharply higher as Fed cuts rates by half a point
Edmonton Sun - Stock markets, C$ sharply higher as Fed cuts rates by half a point ... The firm said it continues to be "unable to predict the full extent of the impact of the current market disruption on its ...
2007-09-18 01:46:00 -
In bold stroke, Fed cuts base rate half point to 4.75 percent
New Straits Times - Bonds are acting in a way to raise long-term mortgage rates, not to cut them," said Robert Brusca at FAO Economics. Morgan Keegan bond analyst Kevin Giddis said he found the Fed action "puzzling" in view of inflation risks. "The long end of the bond ...
2007-09-18 06:54:00 -
Pimco's Gross Says Fed to Cut Rates to at Least 3.75% (Update1)
Bloomberg - Pimco's Gross Says Fed to Cut Rates to at Least 3.75% (Update1) By Michael McKee and Deborah Finestone Sept ... The difference in yields on 10-year Treasury notes and Fannie Mae's current-coupon 30-year fixed-rate mortgage bonds shrank to 130 basis points ...
2007-09-18 04:45:00 -
Westpac forecasts steady interest rates
News.com.au - WESTPAC's chief economist believes interest rates will remain on hold following ... The annualised growth rate of the Coincident Index, which indicated current ... 1. Credit crunch stops rate rise 2. RBA hosesdown fears as mortgage stress grows 3. US ...
2007-09-18 06:25:00 -
Risk-free savings: borrowers' gloom is savers' glee with best rates ...
Daily Telegraph - As the financial markets seize up mortgage lenders are enticing savers, writes Ian Cowie ... One oddity of the current situation is that some institutions are paying savers higher rates than they appear to be charging borrowers.
2007-09-18 08:13:00 -
Pimco's Gross Says Fed to Cut Rates to at Least 3.75% (Update1) (Bloomberg.com)
Sept. 18 (Bloomberg) -- Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co., said the Federal Reserve may cut interest rates another 1 percentage point to ease stress on the economy driven by a housing slump.
2007-09-18 04:49:33 -
House pushes mortgage plan (The Press-Enterprise)
ADJUSTABLE RATES: It would expand federal backing of loans for some low- and middle-income borrowers.
2007-09-18 08:35:22 -
Fed cuts interest rates by half a point (FT.com via Yahoo! News)
The US Federal Reserve cut interest rates by 50 basis points on Tuesday, in an aggressive move designed to head off the risk of a sharp slowdown in economic growth that could culminate in recession.
2007-09-18 11:30:50 -
Surprise: Fed slices rates by a half-point (USA Today)
The Federal Reserve pushed down interest rates by a half-percentage point Tuesday in a dramatic bid to shore up confidence in the economy and to ease worries about a credit crunch in financial markets.
2007-09-18 02:26:00 -
FHA Secure – A Salvation for the Home Owner
Hola Arkansas - FHA Secure – A Salvation for the Home Owner UNIKA Mortgage is offering new initiative to all those in need to refinance Austin, TX-- (HISPANIC PR WIRE)--September 18, 2007--As the Mortgage Market Meltdown of 2007 takes place, many are finding that ...
2007-09-18 09:36:00 -
Australian Stocks Jump Most in a Month After Fed Cuts Rates
Bloomberg - Rams Home Loans Group Ltd., a non-bank lender which failed last month to refinance A$6.18 billion ($5.25 billion) of short- term debt, surged 10 cents, or 13 percent, to 85 cents. James Hardie, the biggest seller of home siding in the U.S ...
2007-09-18 05:35:00 -
Countrywide CEO Is 'Bullish' on Outlook
Forbes - Americans are faced with curtailment of income and declining home prices, and the fact that they cannot refinance or sell a home is exacerbating the delinquency picture," he said. Shares of Countrywide rose 61 cents, or about 3 percent, to close at ...
2007-09-18 05:57:00 -
Items Seized From Funeral Home (Eyewitness News 3 Hartford)
Investigators execute a search warrant at a funeral home in Coventry.
2007-09-18 02:56:52
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