Mortgage and Financial News From 2007-9-10 Page 4

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  • Home Unsold, Mortgage Brokers Open Brothel

    CBS News - (CBS/AP) The downturn in the housing market appears to have driven two New York homeowners to desperate, illegal measures when their house went unsold. Police say the Westchester County couple, both mortgage brokers, turned their home into a brothel ...
    2007-09-10 03:36:00
  • New York, California Metro Home Prices May Decline (Update1)

    Bloomberg - They include Melville, New York-based American Home Mortgage Investment Corp., which made $10 billion of prime jumbo loans during the first half of 2007; National City Mortgage Co. of Miamisburg, Ohio, which made $3.75 billion; and Capital One ...
    2007-09-10 10:42:00
  • Auto Makers Pile On Buyer Incentives

    Wall Street Journal - The home-mortgage mess is hitting the auto business, as interest rates on car loans creep upward and many people find it hard to qualify for credit to buy a new vehicle. But for consumers with good credit, it's deal time. Auto dealers are eager to ...
    2007-09-10 07:18:00
  • Schumer Mortgage Plan (New York Times)

    Senator Charles E. Schumer proposed on Monday that two government-sponsored mortgage giants be allowed to increase their role in the home loan market.
    2007-09-10 06:19:00
  • Home Unsold, Mortgage Brokers Open Brothel (CBS News)

    The downturn in the housing market appears to have driven two N.Y. homeowners to desperate, illegal measures when their property went unsold. Police say the couple, both mortgage brokers, turned their home into a house of prostitution.
    2007-09-10 12:00:03
  • Dollar Falls to Euro

    MSN MoneyCentral - A cut from the current rate, 5.25 percent, would be the first reduction in four years. Lower interest rates, used to jump-start the economy, can weaken a currency by giving investors lower returns on investments denominated in it. © 2007 The ...
    2007-09-10 08:05:00
  • Analyst: Fed rate cut won't help markets

    CNN Money - Many investors believe the Federal Reserve will cut its target for interest rates next week by at least 25 basis points, from the current benchmark 5.25 percent federal funds rate. Investors have clamored for Fed Chairman Ben Bernanke to cut rates to ...
    2007-09-10 06:32:00
  • Fitch Rates North Carolina Infrastructure Finance Corp's $200MM COPs ...

    Forbes - Fitch Rates North Carolina Infrastructure Finance Corp's $200MM COPs 'AA+' 09.10 ... Tax-supported debt, including the current COPs, totals $7.2 billion, 16.4% of which ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-09-10 11:32:00
  • Sept. 10

    Earthtimes - Yellen is a nonvoting member of the interest-rate setting Federal Open Market Committee, set to meet Sept. 18 to discuss interest rates. Market analysts expect the central bank to lower the benchmark rate from the current 5.25 percent, but the extent ...
    2007-09-10 06:28:00
  • Lower rate outlook said to be good for business

    Reuters UK - What we see is a pretty steady market as a result of interest rates remaining at current levels ... We would see up to 5 percent increase (in volumes) this year and 10 percent in 2008." Harris later told analysts that volume growth this year was more ...
    2007-09-10 09:02:00
  • Bank eyes long-term interest pressure

    Sydney Morning Herald - AUSTRALIAN interest rates will continue to come under pressure and may have to rise if the current volatility in global credit markets goes on for many more months, the head of Westpac bank warned yesterday. While the country's third-largest bank had ...
    2007-09-10 03:29:00
  • CKE Restaurants, Inc. Enters Into Interest Rate Swap Agreements

    Forbes - ... agreements with various counterparties, the impact of which will effectively fix future interest payments on $200 million of the Company's current ... particularly at the Hardee's brand), changes in economic conditions or prevailing interest rates ...
    2007-09-10 01:34:00
  • Credit crisis to cap interest rates

    News.com.au - The spike in bill rates means that money markets are operating with an interest rate that is 57 basis points above the cash rate, which makes wholesale ... The futures market is starting to price in a loosening from the current 6.5 per cent level. ...
    2007-09-10 03:07:00
  • Vintage Wine Trust Broadens Property Portfolio With Acquisition of ...

    Forbes - ... and particularly in the State of California; projected capital and operating expenditures; state of the wine industry, of which vineyards are a critical part; availability and creditworthiness of current and prospective tenants; interest rates; lease ...
    2007-09-10 04:33:00
  • India's Production Probably Grew at Slowest Pace in Nine Months

    Bloomberg - Total sales of cars, trucks and motorcycles have dropped in three of the first four months of the current fiscal year. ``Domestic demand has been hurt by a sharp rise in interest rates,'' said Ravi Kant, managing director at Tata Motors Ltd ...
    2007-09-10 04:33:00