Mortgage and Financial News From 2007-9-18 Page 8
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Fed Cuts Key Interest Rate After Weeks of Turmoil (Washington Post)
The Federal Reserve cut a key interest rate yesterday in an aggressive attempt to keep turmoil in financial markets from damaging the U.S. economy as a whole.
2007-09-18 02:39:50 -
Fed is expected to cut key interest rate (AP via Yahoo! News)
Federal Reserve policymakers began their closed-door discussions Tuesday with investors widely expecting the central bank will decide to cut its target for the federal funds rate, the interest that banks charge each other, for the first time in more than for years.
2007-09-18 09:54:07 -
Stocks soar after big interest rate cut (AP via Yahoo! News)
A jubilant Wall Street barreled higher Wednesday after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half a percentage point. The Dow Jones industrial average surged 280 points after the Fed announced its move.
2007-09-18 12:25:13 -
Interest rates slashed to help economy (CNN Money)
The Federal Reserve cut the target on a key short-term interest rate by half of a percentage point Tuesday to 4.75% in a bold acknowledgement that the central bank is concerned the mortgage meltdown plaguing Wall Street and Main Street could hurt the economy.
2007-09-18 11:25:12 -
Fitch Affirms GE Capital Commercial Mortgage Corp. Series 2002-3 (Business Wire via Yahoo! Finance)
CHICAGO----Fitch Ratings has affirmed GE Capital Commercial Mortgage Corp.'s commercial mortgage pass-through certificates, series 2002-3, as follows: $259.6 million class A-1 at 'AAA'; $553.8 million class A-2 at 'AAA'; Interest-only class X-1 at 'AAA'; Interest-only class X-2 at 'AAA'; $46.8 million class B at 'AAA'; $16.1 million class C at 'AAA'; $26.3 million class D at 'AAA'; $14.6 ...
2007-09-18 12:25:00 -
Treasurys tumble on Fed rate cut
CNN Money - ... Bank of England decided to guarantee the savings of customers of embattled mortgage ... New statistics from California-based RealtyTrac showed a total of 243,947 home ... Fed cuts rates by a half point
2007-09-18 11:30:00 -
Fed slashes a key interest rate
Los Angeles Times - Home & Garden ... defaults rippled through financial markets, which until this summer favored mortgage ... long series of cuts, because then investors would wait to see how low rates could ...
2007-09-18 12:20:00 -
Christmas In September
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... As recently as early August, the Fed had held steady on rates, predicting modest ... cautious in its handling of the credit crunch that has spread beyond the mortgage ...
2007-09-18 01:32:00 -
Stocks Soar After Half-Point Rate Cut
Los Angeles Times - Home & Garden ... August amid fears that credit market tightness, spawned by a continuum of mortgage ... not call inflation its "predominant policy concern" as it did after holding rates ...
2007-09-18 03:26:00 -
Lehman Posts Better-Than-Expected 3Q
US News and World Report - ... U.S. investment bank left them mostly in the dark on the details of its losses from bad mortgage-related debt. Whatever doubts they may have had, though, investors pushed the stock 10 percent higher after the Federal Reserve slashed interest rates to ...
2007-09-18 04:31:00 -
Fed Cuts Interest Rates by Half Point
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... We have a very soft economy and if the Fed doesn't lower rates then the economy ... The problems with rising mortgage delinquencies have developed into a serious credit ...
2007-09-18 11:16:00 -
N.Z. Housing Market Starts to Slow as Rates Rise, Bollard Says (Bloomberg.com)
Sept. 19 (Bloomberg) -- New Zealand's housing market is starting to slow as record high interest rates crimp the ability of consumers to finance home loans, Reserve Bank Governor Alan Bollard said.
2007-09-18 04:47:40 -
August producer prices dip, home builders gloomy (Reuters via Yahoo! News)
August producer prices fell sharply and home builders became more worried about their sales outlook, data on Tuesday showed, in a gloomy picture for U.S. growth that the Federal Reserve underlined by slashing interest rates.
2007-09-18 01:50:20 -
Home builder confidence drops more in Sept: NAHB (Reuters via Yahoo! News)
Home builder sentiment fell for a seventh straight month in September as tougher mortgage requirements hindered sales from bloated inventories, the National Association of Home Builders said on Tuesday.
2007-09-18 12:42:57 -
August producer prices dip, home builders sag (Reuters via Yahoo! News)
August producer prices posted their sharpest fall since October and home builders' confidence slipped again, data on Tuesday showed, backing views the Federal Reserve will cut interest rates to shield growth.
2007-09-18 11:12:07
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