Mortgage and Financial News From 2007-9-10 Page 6

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  • Stocks flat as recession concern returns

    National Post - Several Federal Reserve officials were set to speak on Monday, and their comments are likely to be closely scrutinized for any hints how the Fed's policy-setting arm will act when it meets to decide on interest rates next Tuesday. Atlanta ...
    2007-09-10 07:58:00

  • National Survey Shows Overwhelming Support For New Satellite Radio ...

    MSN MoneyCentral - SIRIUS Internet Radio (SIR) is a CD-quality, Internet-only version of the SIRIUS radio service, without the use of a ... the forward-looking statement: general business and economic conditions; the performance of financial markets and interest rates ...
    2007-09-10 09:09:00

  • Liens skyrocket in Rockland

    MaineCoastNow.com - ... coincides with a national trend of increased home foreclosures brought on by falling home values and rising mortgage rates ... Brightbill noted that Camden National has maintained traditional underwriting standards and avoided things such as interest ...
    2007-09-10 08:48:00

  • Japan revises GDP down to a 1.2 percent decline

    International Herald Tribune - The latest data suggest that the world's second largest economy — which has been recovering in recent years — may be suffering a slowdown in its pace of growth, making it harder for the Bank of Japan to raise interest rates anytime soon. Japan's ...
    2007-09-08 05:54:00

  • Stocks turn mixed as investors await Fed official speeches for rate ...

    San Diego Union-Tribune - While some investors had hoped for weakness in the report to help the Federal Reserve justify cutting interest rates when it meets next week, the market was shocked by a loss in jobs when a gain had been expected. Bonds were little changed, with the ...
    2007-09-10 02:17:00

  • Ailing housing market and credit woes could mean sluggish economy

    International Herald Tribune - Higher interest rates and weaker home values have made it difficult for a growing number of people to pay their mortgages. As defaults have soared, lenders have been forced out of business. A spreading credit crisis has roiled Wall Street. To help the ...
    2007-09-10 04:04:00

  • S.Korea bonds up on US data; auction caps gains (Reuters via Yahoo! Asia News)

    SEOUL, Sept 10 (Reuters) - South Korean benchmark government bond prices rallied on Monday, while yields swooned to a two-week low, after weak U.S. jobs data lifted expectations of an interest rate cut by the Federal Reserve.
    2007-09-10 02:01:36

  • A New Way to Invest: Become an Online Banker (Richfield Reaper)

    (ARA) - So you're earning 4 percent on your money with a CD you have at your bank? Your bank then turns around and lends your money to someone else and charges them 12 percent interest. All of which begs the question: Why can't you get a cut of the action and a better return on your money?
    2007-09-10 07:34:13

  • Fed members cool hopes for big cut

    CNN Money - ... the subprime market is a small part - 10 to 15 percent - of the overall mortgage market, but said its impact could still be broad She said it was a possibility that interest rates throughout the economy could end up higher, even after the current ...
    2007-09-10 01:41:00

  • Remortgaging urged ahead of 'rate shock'

    MyFinances.co.uk - ... two years ago. "People who are coming off their fixed-rate introductory period will be seeing the effects of a 1.25 percentage point rise in the base rate over the last two years which has helped drive up mortgage rates," he said. "In the current ...
    2007-09-10 09:38:00

  • Wachovia Defends Balance Sheet

    Street.Com - ... aimed to quell investors' fears about the banks' exposure to the troubled mortgage ... But the Seattle-based lender had less room to sugar-coat its current troubles. ... If rates move down here it really improves the credit quality of [Wachovia's ...
    2007-09-10 01:05:00

  • US retailers worry about subprime impact

    Financial Times - ... 25 per cent said the weak housing market, 19 per cent said high interest rates and 15 per cent cited the subprime mortgage ... that the retailer had not expected housing inventory to rise to its current levels, and that the subprime mortgage crisis ...
    2007-09-10 02:53:00

  • Fed officials: Protecting investors is not their job

    USA Today - Keeping alive jitters that the Federal Reserve won't cut interest rates as much ... Association of Business Economics annual meeting, Yellen said that the current ... would be more likely to resolve troubles stemming from the subprime mortgage lending ...
    2007-09-10 11:32:00

  • Fed officials strike differing notes on economy

    MSNBC - Fed officials strike differing notes on economy Yellen says the current commotion ... tightening of credit conditions related to rising defaults in the U.S. mortgage ... not encouraging," but that in itself, it may not merit lowering interest rates. ...
    2007-09-10 03:43:00

  • Schumer proposes temporary lift of Fannie Mae, Freddie Mac limits to ...

    International Herald Tribune - ... A key Democratic senator proposed Monday allowing two government-sponsored mortgage ... Mac to spend about $145 billion (€105 billion) or 10 percent more than current ... 105 billion) would have to go to refinance mortgages for borrowers who rates are ...
    2007-09-10 11:32:00

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