Mortgage and Financial News From 2007-12-8 Page 9
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Lenders seen as victims of twin earthquakes
Financial Times - Only a short while ago, the British mortgage industry was “the envy of the world”, known for the breadth and flexibility of its products, says Michael Coogan, director-general of the Council of Mortgage Lenders. But now overseas lenders have a ...
2007-12-07 08:37:00 -
'Mediocre prime'
Salt Lake Tribune - Glen Ogden, president of the Utah Mortgage Lenders Association, says because of tighter lending standards the average buyer will pay more for a mortgage, even with fairly solid credit. People with less-than-stellar credit records always have paid ...
2007-12-08 11:10:00 -
Mortgage Market Liquidity Slump Can Affect Credit Cards
Best Syndication - The sale of these mortgage notes gives lenders the working capital necessary to originate more loans, which are than sold, continuing the cycle. This system depends upon investors to provide the liquidity necessary to keep the mortgage loan funding ...
2007-12-08 10:13:00 -
Lenders seen as victims of twin earthquakes (FT.com via Yahoo! News)
Only a short while ago, the British mortgage industry was "the envy of the world", known for the breadth and flexibility of its products, says Michael Coogan, director-general of the Council of Mortgage Lenders.
2007-12-07 08:35:27 -
UPDATE 1-Mexico keeps key interest rate unchanged
Reuters - MEXICO CITY, Dec 7 (Reuters) - Mexico's central bank held its key overnight interest rate steady at 7.50 percent on Friday as analysts expected and inflation for November was slightly lower than forecasts. In its latest monetary policy review, the ...
2007-12-07 07:22:00 -
Farm credit likely to touch Rs 2,35,000 crore: FM
Times of India - Listing out the various measures taken by the government for the welfare of farmers, Chidabmaram said that the interest rate for farm credit had been lowered to seven per cent. Stating that providing credits for various sections of society was ...
2007-12-08 10:56:00 -
Congress expected to go beyond rate-freeze plan
Nashville Tennessean - WASHINGTON — Legislative efforts to address the housing crisis were overshadowed this week — but not stymied — by the Bush administration's promotion of an interest-rate freeze for some borrowers. Analysts say the Bush plan, described by ...
2007-12-08 07:07:00 -
Chase supports interest-rate freeze initiative to keep homeowners in ...
WebWire - The following statement is from Chase Home Lending, which services more than $600 billion in mortgages. Chase Home Lending is the mortgage business of JPMorgan Chase & Co. (NYSE: JPM) Chase is pleased to join with government and industry leaders in ...
2007-12-08 05:34:00 -
Regulate rate changes
Herald Tribune - Before you venture deeper into your holiday shopping -- and credit limit -- you might want to take a closer look at your last credit-card statement. The interest rate may not be what you thought. This week, Congress engaged in a conversation with ...
2007-12-08 07:57:00 -
Jobs gain can't quell fear
Chicago Tribune - Most expect an interest-rate reduction of a quarter of a percentage point. On top of that, analysts said, the nation's central bank might take other steps to ease the credit crisis, possibly by sharply reducing the "discount rate" it charges ...
2007-12-08 09:15:00 -
Business fears over rate rises
MSN UK News - One in five businesses have blamed interest rate rises for restricting their company's growth, forcing some to cut jobs, according to a new report. As industry welcomed this week's 0.25% cut in rates, a survey of almost 1,000 senior managers in ...
2007-12-08 01:16:00 -
Jobless rate steady for 3d month
Boston Globe - To stave off the possibility of a recession, the Federal Reserve has sliced a key interest rate twice this year. Many expect rates to be lowered for a third time when policy makers meet Tuesday. A reduction of at least one-quarter percentage point is ...
2007-12-08 07:35:00 -
UPDATE 1-Credit crunch has not delayed ECB rate rises
Reuters - MADRID, Dec 8 (Reuters) - Euro zone inflation risks have intensified but the European Central Bank has not delayed any interest rate increases because of the recent credit crunch, ECB executive board member Jose Manuel Gonzalez-Paramo said. Asked ...
2007-12-08 06:38:00 -
Pound Declines in Week After Central Bank Lowers Interest Rate
Bloomberg - Dec. 8 (Bloomberg) -- The pound dropped this past week by the most in three against the dollar and euro on speculation slowing economic growth will force the Bank of England to cut interest rates further. The U.K. currency fell against all 16 most ...
2007-12-08 09:30:00 -
Interest rate on short-term credit to farmers may be reduced (New Kerala)
New Delhi, Dec 7 : Further Reduction in interest rate on short-term credit to farmers is in the offing, Finance Minister P Chidambaram indicated in the Lok Sabha today.
2007-12-07 11:00:10