Mortgage and Financial News From 2007-10-18 Page 11

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• For a softening of interest rates

  Economic Times - Let us attempt to think through the factors entering the Indian monetary policy decision. Despite current attempts to reduce these just to inflation, worldwide policy has had to respond to avert possible real effects of the subprime fallout. An ...
  2007-10-18 11:30:00

• South African Rand Gains on Speculation Interest Rates to Rise

  Bloomberg - The rand is supported by interest rates and commodity prices,'' said Nicholas Kennedy, a currency strategist at 4Cast Ltd., in London. ``Although it's still debatable whether interest rates will need to rise further, rates at the current level are ...
  2007-10-18 03:09:00

• Fitch Rates Florida Dept. of Environ Protection $145.04MM Florida ...

  Forbes - ... take into account debt service on the variable rate Everglades Restoration Bonds at the maximum interest rate permitted for such bonds. Current ... fiscal 2001 and $2.36 billion in fiscal 2006 - more than tripling during a period of low mortgage rates ...
  2007-10-18 01:32:00

• Fitch Rates Yuma, Arizona's MPC Excise Tax Revenue Bonds 'A+'; Outlook ...

  Forbes - The current population estimate is roughly 93,000, up more than 20% from 77,515 ... Local unemployment rates historically have been significantly higher than state ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
  2007-10-18 02:29:00

• Reader's Viewpoint: Current situation in Tuscarawas County makes it difficult to vote for levies (The Times-Reporter)

  I read with great interest the letters from people who feel we should pass the school levies in November. Their premise is that we are helping our children and property values in a current market downturn.
  2007-10-18 04:34:47

• High rates dent Hero Honda net 5.4% (Business Standard India)

  Net profit of India’s biggest two-wheeler manufacturer Hero Honda dipped by 5.39 per cent as high interest and input rates eroded the margins of the company.
  2007-10-18 11:47:38

• Interest rates to remain steady through 2009: Bank of Canada (AFP via Yahoo! News)

  The Bank of Canada will likely keep its key interest rate at 4.50 percent to the end of 2009, it said Thursday, fearing a "more pronounced and protracted slowdown" in US domestic demand, and a slowing of the global economy.
  2007-10-18 12:34:33

• Bank of America Earnings Drop on Loan Writedowns (Update7)

  Bloomberg - Bank of America invested $2 billion in Countrywide Financial Corp., the biggest U.S. home lender, in August when the Calabasas, California-based company was running short of cash. Bank of America's share of total U.S. mortgage originations climbed to ...
  2007-10-18 01:46:00

• Spectrum Financial Group to Liquidate

  CNBC - ... judge this week converted Spectrum Financial Group Inc.'s Chapter 11 case to a Chapter 7 liquidation after the mortgage lender ... S. mortgage lenders have closed their doors or filed for bankruptcy protection this year, including American Home Mortgage ...
  2007-10-18 11:09:00

• Report: Mozilo sales probed

  Los Angeles Times - Home & Garden ... The Calabasas-based mortgage lender has said it is against its policy to discuss communications with regulators. The existence of ...
  2007-10-18 01:08:00

• Briefly: Northwest, Nation, World

  Register-Guard - OLYMPIA — Washington Mutual Inc.’s third-quarter profit shrank 72 percent as sagging home prices made it harder for borrowers to pay their bills and hurt the value of the bank’s portfolio of mortgage loans. The third-biggest home lender on ...
  2007-10-18 09:29:00

• Mortgages face tight squeeze

  Financial Times - ... market may be reduced by £50bn this year – partly because Northern Rock , previously the UK’s fifth-largest mortgage lender ... Paragon has increased rates on its home loans by about 30 basis points. B&B said it had increased some fixed-rate buy ...
  2007-10-18 01:53:00

• Homeowners: Sell it yourself

  CNN Money - NEW YORK (Money Magazine) -- The last time Sabrina Williams sold a home herself, she received a solid ... Ask buyers to include with their offer a letter from a lender confirming that they can afford the mortgage required. And don't take your house off ...
  2007-10-18 11:52:00

• Wall Street drags on Bank of America

  Washington Post - Home Construction Index dropped 1.5 percent. Shares of mortgage lender Countrywide Financial Corp (CFC.N) fell 4.2 percent to $16.63 after the Wall Street Journal reported federal regulators had begun an informal probe into stock sales by the chief ...
  2007-10-18 10:47:00

• Stocks Slide On Earnings And Oil

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Lastly, mortgage lender Countrywide Financial (nyse: CFC - news - people ) is in the news again, as various media ...
  2007-10-18 07:41:00

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