Mortgage and Financial News From 2007-9-15 Page 2
Previous Day: 2007-09-14
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Housing stalls -but don’t expect a crash
Times Online - The Treasury/Bank of England bailout of Northern Rock, Britain’s fifth-biggest mortgage lender, has echoes of past banking ... That, however, appears to reflect mainly the distortion created by the introduction of home information packs (Hips ...
2007-09-15 04:56:00 -
When home won't sell, consider 'rent-to-own'
Boston Online - But when you sit down with the mortgage lender to go over your income and credit to see if you can obtain the home loan you need, the lender says your FICO (Fair Isaac Corp.) credit score is too low to get an affordable interest rate. A mortgage at 7 ...
2007-09-14 05:30:00 -
Fears Spread Among UK Bank's Customers
US News and World Report - Make Missoulian.com your home page Get Firefox! ... Northern Rock, Britain's fifth-largest mortgage lender, is the first British bank in 15 years to be bailed out by regulators. ...
2007-09-15 05:53:00 -
Don't worry, you'll still be able to afford a mortgage (The Observer)
Anyone who is about to take out a mortgage, or already has one, can be forgiven for panicking. Headlines in last week's papers would make any sane person worry about whether they can afford a home loan, or if their lender will be around to honour it.
2007-09-15 04:12:28 -
Savings: Getting a Bang For Your Buck
MSNBC - ... countrywide.com ) is currently offering 5.55 percent interest on a six-month CD and 5.65 percent on a one-year CD. AmTrust Direct ( amtrustdirect.com ) is paying 5.3 percent on its money-market deposit account. That's better than the rates being offered ...
2007-09-15 12:38:00 -
Iraq was about oil: Alan Greenspan
Sydney Morning Herald - Greenspan had suggested inflation risks were still high enough that the Fed would be more inclined to boost interest rates, rather than lower them. The president quickly challenged the notion. For Bush's father, the economy was his "Achilles' heel ...
2007-09-15 06:50:00 -
Property shines as index hits record for a third day
Hong Kong Standard - Meanwhile, markets across the Asian region closed sharply higher amid a growing conviction the United States will cut interest rates and its economy will escape a major downturn. Tokyo's benchmark Nikkei 225 index rose 306.23 points, or 1.94 ...
2007-09-15 03:58:00 -
Aussie dollar ends on a high, passing US84c
The Australian - Further US dollar weakness stemming from expectations the US Federal Reserve will cut interest rates by 25 percentage points to 5 per cent when it meets next week also helped the Aussie punch through the US84c mark yesterday, Mr Morris said. Lower ...
2007-09-15 04:56:00 -
CDs, for a Return Guarantee
Washington Post - For Lisa Bend, the time to act came when she kept seeing reports that the Federal Reserve may soon lower interest rates, which could cause CD rates to drop. Wanting to lock in a good rate, Bend, 43, recently put a portion of her retirement savings ...
2007-09-15 06:07:00 -
Fed veteran Alan Greenspan lambasts George W Bush on economy
Times Online - He forecasts that inflation will be harder to contain in future and predicts that far higher interest rates will be needed to maintain price stability. At some point, he argues, the movement of people from farms to factories in countries such as ...
2007-09-15 05:17:00 -
India going strong
Times of India - Till a few months ago, loan defaults and slowdown were words which had almost slipped out of the Indian lexicon. But with RBI raising interest rates and tightening overseas fund flows into India, not so healthy companies are talking of delaying ...
2007-09-15 06:43:00 -
Grow that down payment (The Arizona Republic)
Not long ago, lenders were handing out mortgages to anyone with a phone number and a pulse. No money for a down payment? Not a problem! Low credit score? Who cares? Incarcerated? You'll need a place to live when you get out, right?
2007-09-15 07:38:55 -
CDs, for a Return Guarantee (Washington Post)
Sometimes boring is beautiful.
2007-09-15 05:22:24 -
Lock in rates before Fed acts (Chicago Tribune)
A lready retired and sitting on a pile of short-term investments?
2007-09-15 05:56:42 -
Business Comment: We need the Bank's reassurance, not tough love
Daily Telegraph - ... its distinctive style and grew market share at the expense of more cautious mortgage ... If a buyer cannot be found for the whole of the company in its current state - and ... Britain soaring up the international league tables for internet penetration rates ...
2007-09-15 07:33:00