Mortgage and Financial News From 2007-11-11 Page 5
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Ohio issues subpoenas to subprime lenders over failed mortgages (The Pueblo Chieftain)
COLUMBUS, Ohio - Ohio’s attorney general issued more than a dozen subpoenas Friday to obtain records from subprime mortgage lenders, an unusual tactic underscoring the state’s frustration with the lack of federal action on the mortgage crisis. Two other states have issued subpoenas to try to determine if any wrongdoing has occurred as home foreclosures have multiplied. Massachusetts ...
2007-11-11 04:03:02 -
Friends with money
News.com.au - They state how much money they want and what interest rate they are prepared to pay. Potential lenders can browse the ads, find a person, an interest rate or a story they like and place a bid. P2P lending has been up and running in Britain and the US ...
2007-11-11 02:55:00 -
IN DEPTH
BusinessWeek - With a generalized credit crunch threatening, it's suddenly essential to search for signs of it in such arcana as interest rate spreads between risky and less risky securities. Trouble broke out in mid-August when investment banks began to report ...
2007-11-11 12:54:00 -
Investors Brace for More Bad Bank News
Newsday - An interest rate cut could send the dollar down even further, but keeping rates where they are might translate to even wider losses for the world's major financial institutions. On Oct. 31, the Fed lowered key interest rates by a quarter point, as ...
2007-11-11 02:41:00 -
Australian prime minister launches re-election campaign as poll points ...
International Herald Tribune - Following Australia's 10th successive quarter percentage point interest rate rise last week, Howard said a new policy to make houses more affordable will be announced at Monday's launch. "There'll be a few other things that I'll be alluding to today ...
2007-11-11 03:17:00 -
N.Z. House-Price Inflation Slows for Second Month (Update1)
Bloomberg - Reserve Bank Governor Alan Bollard, who raised the benchmark interest rate four times between March and July to a record 8.25 percent, said last week there had been a ``sharp downturn'' in home-loan approvals. Home sales fell 23 percent in October ...
2007-11-11 02:12:00 -
Inflation figures to give pointer on rate rises
Australian Broadcasting Corp. - The Reserve Bank is expected to indicate today if further interest rate rises will be necessary after last week's 0.25 per cent increase. In today's quarterly statement on monetary policy the central bank is likely to release its six-monthly ...
2007-11-11 12:18:00 -
Credit stress grows
News.com.au - The AFCCRA has been joined by the consumer protection agency, Choice, in calling on state and federal governments for more funding for financial counselling services in the wake of the sixth successive interest rate rise by the Reserve Bank . "Keeping ...
2007-11-11 02:20:00 -
Dollar fall prompts mortgage moves
Financial Times - The loans lost popularity following the exchange rate mechanism crisis in 1994, when the falling pound caused a huge increase in foreign currency mortgage customers’ debt. But brokers say a series of interest rate rises and the pound’s 26-year ...
2007-11-11 03:17:00 -
Australian dollar falls more than 2 US cents
News.com.au - THE Australian dollar opened more than two US cents weaker today, below 91 US cents, as more worries about the global credit market weighed on high interest rate currencies. This was the domestic currency's most dramatic overnight fall since August ...
2007-11-11 01:58:00 -
Credit woes to haunt share market
News.com.au - INVESTORS will scour the Reserve Bank of Australia's monetary policy statement for clues to the likelihood of further interest rate rises. Competing for their attention this week will be BHP Billiton's hot pursuit of its rival Rio Tinto, six years ...
2007-11-11 01:37:00 -
Coalition still lagging behind
News.com.au - THE Coalition has taken a hit from last week's historic interest rate rise but John Howard remains the clear choice of economic manager over Kevin Rudd, according to the latest Newspoll. At today's official Coalition campaign launch in Brisbane, the ...
2007-11-11 02:20:00 -
China Inflation Probably Quickened Last Month; Rates May Rise
Bloomberg - Nov. 12 (Bloomberg) -- China's inflation probably quickened in October as food prices climbed, adding pressure for the nation's sixth interest-rate increase this year. Consumer prices rose 6.3 percent from a year earlier, according to the median ...
2007-11-11 03:10:00 -
Westpac raises variable interest rates
News.com.au - WESTPAC has passed last week's official interest rate rise onto its variable home loan customers. National Australia Bank and Commonwealth Bank passed on the rate rise to variable home loan customers last week. Westpac (wbc.ASX: Quote , News ) said ...
2007-11-11 03:38:00 -
High interest rates (The Hindu)
Official sources told Business Line that owing to the sub-prime lending crisis in the US, NACIL was paying very high interest for the loan. “Every time the airline went to the bankers seeking to roll over the loan the lenders were hiking the interest rate.
2007-11-11 10:30:23