Mortgage and Financial News From 2007-8-28 Page 4

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  • CREDIT WRAPUP 4-Subprime fallout heightens global rate doubts

    Reuters - LONDON, Aug 28 (Reuters) - Reports of fresh damage from the teetering U.S. subprime mortgage sector provoked new financial market wobbles on Tuesday as central banks around the world said their interest rate intentions had been thrown into doubt. The ...
    2007-08-28 04:53:00
  • Central banks play wait-and-see with interest rate changes

    International Herald Tribune - SINGAPORE : Central banks have signaled that interest rates are less certain to rise than had been indicated just a few weeks ago, as weak U.S. housing data sent fresh shivers through world markets. The data showed that the inventory of unsold single ...
    2007-08-28 10:27:00
  • UPDATE 1-Markets got Trichet rate message right-Bini Smaghi

    Reuters - Markets and media scaled back their expectations for an ECB interest rate hike in September after Trichet stressed on Monday that his last comments on monetary policy, when he used the "strong vigilance" phrase signalling a rate hike was likely ...
    2007-08-28 07:52:00
  • Interest rate crunchtime

    News.com.au - THE RBA is ready to pump money into the economy as global stockmarkets remain eerily calm ahead of the US Federal Reserve's decision on whether to cut interest rates. Reserve Band of Australia deputy governor Ric Battellino yesterday said there was a ...
    2007-08-28 01:47:00
  • Subprime fallout heightens rate doubts

    Reuters - ... was likely, were made before the current market volatility, he noted on Monday. The Bank of Canada said risks to the Canadian economy had risen as a result of credit market turmoil, adding this would be taken into account at an interest rate review on ...
    2007-08-28 08:50:00
  • Fed Hoped to Avoid Rate Cut At Aug. 7 Meeting

    CNBC - A cut in one interest rate came 10 days later, and analysts are expecting a broader rate cut when Chairman Ben Bernanke and his Fed colleagues meet in September. The Fed, however, didn't feel an immediate need to step in at its Aug. 7 meeting ...
    2007-08-28 06:41:00
  • Interest rate crunchtime (The Courier Mail)

    THE RBA is ready to pump money into the economy as global stockmarkets remain calm ahead of the US Federal Reserve's decision on interest rates cuts.
    2007-08-28 02:00:00
  • Subprime fallout heightens global rate doubts (Reuters via Yahoo! News)

    Reports of fresh damage from the teetering U.S. subprime mortgage sector provoked financial market wobbles on Tuesday as central banks around the world said their interest rate intentions had been thrown into doubt.
    2007-08-28 10:34:23
  • Central banks play wait-and-see with interest rate changes (International Herald Tribune)

    Central banks have signaled that interest rates are less certain to rise than had been indicated just a few weeks ago, as weak U.S. housing data sent fresh shivers through world markets.
    2007-08-28 10:38:59
  • Slovak Ctrl Bk: No Interest Rate Change Discussed At Meeting (The Forex Market)

    The Slovak Central Bank Tuesday said its monetary policy board didn't discuss changing interest rates at its monthly rate-setting meeting earlier in the day.
    2007-08-28 12:20:48
  • Korea Vice Fin Min: Policy Interest Rate Appropriate For Now (Nasdaq)

    SEOUL -(Dow Jones)- The current policy interest rate in South Korea is appropriate, considering current conditions in the economy and financial market, Vice Minister of Finance and Economy Kim Seok-Dong said Tuesday.
    2007-08-28 07:02:43
  • Hike in CPF interest rate may hurt financial institutions: analysts (Channel NewsAsia via Yahoo! Singapore News)

    The Government’s decision to increase the Central Provident Fund (CPF) interest rate from 2.5 per cent to 3.5 per cent for the first $20,000 in the Ordinary Account (OA) and up to $60,000 on all other accounts may be good news for its members — but could be a cause of concern for private investments.
    2007-08-28 08:47:00
  • The Business Week

    BusinessWeek - As the markets rocked and rolled, mortgage companies took various actions to stay afloat. On Aug. 20 jumbo mortgage specialist Thornburg ( TMA ) sold off more than $20 billion in bonds at a discount to raise cash. Countrywide ( CFC ) accepted a $2 ...
    2007-08-28 03:35:00
  • Bear, Lehman, Citi fall on Merrill downgrade

    CNN Money - ... Shares of Bear Stearns, Citigroup and Lehman Brothers fell on Tuesday after Merrill Lynch analysts downgraded the companies ... All three banks are wrestling with credit and mortgage market difficulties, Merrill analysts led by Guy Moszkowski said. Citi ...
    2007-08-28 07:24:00
  • Thornburg pays Wachovia $5.1 mln following dispute

    Reuters - Jumbo home loans are too large to be eligible for purchase and guarantee by mortgage companies Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ). In Monday trading on the New York Stock Exchange ...
    2007-08-27 10:17:00