Mortgage and Financial News From 2007-11-8 Page 01

RSS Feed

Previous Day: 2007-11-07

Return to the mortgage news archive home.

Page:  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40

  • Treasuries Rise as Bernanke Says Growth to `Slow Noticeably'

    Bloomberg - The rally pushed the two-year note's yield to the lowest since 2005 as ... shorter-maturity U.S. debt in anticipation of lower interest rates. The world's biggest banks have written down at least $40 billion as prices of mortgage-related ...
    2007-11-08 11:03:00

  • FTSE ends flat as losses in banks offset mining M&A

    MSN UK News - The FTSE 100 closed down 3.2 points, or 0.05 percent at 6,381.9 to hit its lowest ... Citigroup and Merrill Lynch warned of major write downs related to U.S. mortgage ... On the economic front, the Bank of England held interest rates at a six-year high ...
    2007-11-08 03:06:00

  • Europe Stocks End at 6-Week Closing Low; Miners Jump

    CNBC - European equities lost ground on Thursday, ending at their lowest close in six ... have not yet revealed the full impact of the debacle in the U.S. subprime mortgage ... The market did not budge after the Bank of England kept rates steady at its rate ...
    2007-11-08 09:44:00

  • Dollar May Extend Loss Versus Euro on Growth, Credit Concerns

    Bloomberg - A report today is forecast to show consumer confidence weakened to the lowest since ... The growth picture is worrisome and the Fed needs to cut rates further ... world's biggest banks have written down at least $40 billion as prices of mortgage ...
    2007-11-08 02:45:00

  • HSBC ceases sales and trading of US mortgage-backed securities as part ...

    CNBC - In September, the London-based bank closed its U.S. subprime-mortgage unit, Decision One, and stopped buying subprime loans funded by other lenders early this year. American Depositary shares of HSBC slipped 85 cents to $89.99 Thursday on the New York ...
    2007-11-08 02:52:00

  • National business briefs

    Minneapolis Star Tribune - TomTom surpassed that offer by more than $900 million, bidding just over $4.2 billion. Mortgage rates at lowest level in five months Rates on 30-year mortgages fell for the third straight week, dropping to the lowest level in five months. Freddie Mac ...
    2007-11-07 03:57:00

  • Cuomo Probe Shakes Wall Street

    MSN MoneyCentral - Cuomo announced that his office had subpoenaed Fannie and Freddie for information on all mortgages they had purchased from WaMu, as part of an ongoing probe into U.S. mortgage loans. At issue is whether possibly inflated home appraisals have ...
    2007-11-08 12:00:00

  • Australia's NAB Posts 17.7% Rise in Full Year Profit

    CNBC - The solid result comes at a time when global banks are writing down billions of dollars because of their exposure to distressed subprime mortgage loans in the United States. Australian banks have benefited from sixteen straight years of economic ...
    2007-11-08 03:20:00

  • Why Fed Expects Growth to Slow

    Wall Street Journal - ... that the number of initial claims for unemployment insurance fell 13,000 last week to 317,000, the lowest ... He predicted that over the next year, 450,000 subprime mortgages each quarter will see interest rates reset, boosting monthly mortgage ...
    2007-11-08 05:51:00

  • Treasury, SEC Officials Outline Reforms

    Forbes - Amid the fallout from rapid deterioration in risky subprime home mortgage loans, "people are willing to focus on regulatory structure issues," U.S. Assistant Treasury Secretary David Nason said Thursday in remarks to a meeting of the Securities ...
    2007-11-08 12:07:00

  • Japan stocks pare losses after nearly 3-month low

    Reuters - ... definitely concern about the U.S. economy and the impact of the subprime mortgage ... ended down 1.5 percent after earlier sliding to its lowest level since August 2006. ... said that rises could be possible next week if U.S. stocks and the currency rates ...
    2007-11-08 08:50:00

  • Max Huffman and Brian Hooper

    Charleston Gazette - SUBPRIME MORTGAGE loans have aroused national controversy in recent months, but the storm has been brewing for many years. Critics of subprime mortgages have taken issue with what they see as predatory lending practices. That word is a catchy ...
    2007-11-08 09:54:00

  • Pound Rises to 26-Year High After Bank of England Holds Rates

    Bloomberg - Pound Rises to 26-Year High After Bank of England Holds Rates By Kim-Mai Cutler Nov ... the second-biggest U.S. securities firm, announced losses on subprime mortgage ... The yield on the two-year note fell 9 basis points to 4.83 percent, near the lowest ...
    2007-11-08 06:59:00

  • Mortgage website gone after aid agency complains

    Boston Globe - This is very, very troubling to us because we've got some people out there that are really in desperate need of some mortgage relief," said Thomas Farmer, a spokesman for the agency. "We provide safe, quality loans and we're afraid that someone who ...
    2007-11-08 09:47:00

  • Weak Housing Market May Not Be Signal to Buy

    NPR News - ... Green with Envy , says first-time buyers probably shouldn't rush to get a mortgage. ... At first they invested in a basic-level membership that had the lowest monthly fee ... The more of their credit lines they used, the higher their interest rates were ...
    2007-11-08 08:57:00

Page:  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40