Mortgage and Financial News From 2007-8-27 Page 23
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Five rate rises bring housing boom to August standstill
Guardian Unlimited - Britain's house-price boom ground to a halt in August as five interest rate rises in a year resulted in the slowest growth in 20 months, according to a report released today. The monthly survey from the housing intelligence company Hometrack reported ...
2007-08-26 11:15:00 -
Officials counting on 25 basis point rate increase (Globes Online)
The Bank of Israel’s monetary committee has already begun its discussions on the September interest rate.
2007-08-26 11:59:54 -
Curry updates to highlight recent rate hikes (Sunday Business Post)
Updates and results from Curry’s owner DSG International and property website Rightmove will bring the impact of recent interest rate hikes back into focus this week.
2007-08-26 09:37:52 -
State Bank firm on interest rate policy (Vietnam Net)
VietNamNet Bridge - State Bank of Vietnam (SBV) executives have ruled out any changes in the interest rates till the end of the year amidst a trend towards increasing interest rates among the country’s commercial banks.
2007-08-26 09:45:34 -
Hesitation on interest rates (The Japan Times)
Since it ended its zero-interest-rate policy in July 2006, the Bank of Japan has sought to normalize interest rates up to a level that matches the nation's economic recovery. Recent increases in land... Read more ...
2007-08-26 11:49:28 -
Rate cut calls miss the point (FT.com via Yahoo! News)
As was to be expected, the liquidity crunch has produced the usual chorus of appeals for interest rate cuts. And the usual objection is being raised. If there is a risk to the real economy, fine. But short of that, risk-takers must not be bailed out. They must learn their lesson.
2007-08-26 03:45:53 -
No Future Surprises with HSBC's new Fixed Interest Rate Unsecured Loan (di-ve)
HSBC has added a further innovative feature to its personal loan package. Customers may now opt to fix the interest rate for the whole term of the loan, ensuring no future surprises in their monthly repayments.
2007-08-26 07:29:20 -
Malaysia holds its interest rate at 3.5% (MENAFN)
Malaysia holds its interest rate at 3.5%
2007-08-26 02:06:50 -
How homeowners can escape a mortgage mess
Christian Science Monitor - Mortgage Calculator Moving Moving Companies Real Estate Toronto Condos Speakers Bureau Motivational Speakers Travel Hawaii Vacations Web Services Blog Web Hosting Cheap Web Hosting Dedicated Servers Domain Names Email Hosting Robert Oesterlund Web Hosting iPowerWeb ...
2007-08-26 08:09:00 -
Encouraging signs in a credit crunch
Christian Science Monitor - A sizable amount of commercial paper represents borrowing by mortgage companies, and some of these debts were suddenly devalued by troubles in the housing industry. Now investors are scrambling to assess whether all mortgage-linked ...
2007-08-26 05:31:00 -
Schumer: Crackdown needed
Long Island Business News - He told a news conference today some mortgage companies are continuing to entice homebuyers with misleading and deceptive loan offers despite the credit crisis. He says some lenders are also using accounting standards that lock borrowers into ...
2007-08-26 08:59:00 -
Help from US Congress for housing credit crisis?
Christian Science Monitor - But in recent years unregulated mortgage companies have greatly increased their share of the business. These unregulated entities are to blame for many of today's imprudent loans, say some Democrats. "The subprime [mortgage] crisis demonstrates ...
2007-08-26 08:09:00 -
COVER STORY
BusinessWeek - This securitization, the argument went, would spread the risk far beyond banks and mortgage companies. In March, Devaney bragged that mortgage-backed securities were one of his "best-performing investments." It didn't work out that way. In June ...
2007-08-26 05:46:00 -
Homebanc exits US mortgage market
Worldnews.com - By By Victoria Kim in New York Countrywide Financial , the largest mortgage lender in the US, will take over certain assets from Atlanta-based lender HomeBanc's retail mortgage operations, the companies announced on Tuesday. HomeBanc, which owns ...
2007-08-26 11:22:00 -
Schumer, Klein call for crackdown on `unethical' lenders
Newsday - ... study showing foreclosures in New York City's five boroughs are up by 80 percent since February, indicating, he said, that the city "is now in the full throes of the subprime foreclosure meltdown." Despite that credit crisis, some mortgage companies ...
2007-08-26 07:05:00