Mortgage and Financial News From 2007-8-23 Page 10

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  • Green Park Financial Closes $9M Refinance Loan for Washington, D.C. Apartments (Multi-Housing News)

    Washington, D.C.--Green Park Financial has provided a $9-million refinance loan for the 426-unit Jetu Apartments in northeast Washington, D.C.
    2007-08-23 02:12:23

  • US Jobless Claims -2K To 322K In Aug 18 Week; Survey -2K

    FXStreet.com - Nonfarm payrolls expanded by just 92,000 last month and the unemployment rate ticked up, though it remains low by ... The Dow Jones content includes facts, views, opinions and recommendations of individuals and organizations deemed of interest ...
    2007-08-23 03:12:00

  • Sub-prime lending woes causes $1 trillion in damage, says fund manager

    Thai News Agency - Interest rates charged for sub-prime loans might rise to 10 per cent, which could push up loan defaults to 20 per cent of total sub-prime ... lead to the global economic crisis because Fed still had financial tools such as discount and Fed fund rate ...
    2007-08-23 08:02:00

  • Bourse to face interest rate fears

    Worldnews.com - INVESTORS are bracing for a storm in financial markets this week as prospects of a local interest rate rise add to jitters over the continuing fallout from the US sub-prime mortgage crisis and fears of a global "credit crunch". Local equity investors ...
    2007-08-22 01:11:00

  • 'Strip club leader' tipped to be Australian PM

    Times of India - The poll published in the Australian newspaper showed Kevin Rudd had extended his lead as preferred Prime Minister to 46% against 39% for Howard, who was hurt by an interest rate hike this month. The telephone survey of 1,152 voters was taken ...
    2007-08-22 07:38:00

  • No gain for PM from strip club furore

    Age - Pollster Gary Morgan said the results were affected by the interest rate rise and coverage of tension between Prime Minister John Howard and Treasurer Peter Costello. But the story of Opposition Leader Kevin Rudd's visit to a New York strip club in ...
    2007-08-23 02:22:00

  • Forex - Yen weakens as BoJ stays on hold, markets enjoy relative calm

    Forbes - ... to weaken following the Bank of Japan's decision to keep interest rates on hold and as global equity markets remained relatively calm. ... tries to tackle the spill-over effects caused by the sub prime ...
    2007-08-23 09:57:00

  • Stock Market Hits Pre-Turmoil Level

    Ananova - That has been caused by an increase in people defaulting on their mortgages within the sub-prime sector, which lends - at a higher interest rate - to borrowers with a poor credit rating. Back in Britain, Northern Rock, which was also recently jolted ...
    2007-08-23 02:15:00

  • Scavenger capitalises on turmoil

    The Australian - Mr Ross said his exposure to the sub-prime market, which focused on high interest rate loans for borrowers with poor credit histories, could come through acquisitions of lenders, mortgage portfolios or even companies that serviced loans. "We are ...
    2007-08-23 09:00:00

  • Asian stocks edge up on rate hope

    BBC Business - Asian stock markets edged higher on Wednesday, spurred by hopes of an interest rate cut in the US that would help to calm recent ... Fears about the fallout from the US sub-prime mortgage sector are receding. Last week's drops appear overdone," said Lee ...
    2007-08-22 07:49:00

  • Job cuts from subprime: 18,000 and counting

    CNN Money - Consumers faced with high interest rate mortgages are likely to cut back on spending. Without customers, retailers could be forced to trim their headcount. In some instances, he estimates that the subprime hiccup will take as much as two years for the ...
    2007-08-23 01:53:00

  • Changes pending for local borrowers

    Times Herald-Record - One of the options the Federal Reserve could use to calm the markets is to cut its main benchmark interest rate, the federal funds rate, which is used by banks in setting their prime rate. Consequently, any reduction in that rate by the Fed would ...
    2007-08-23 12:06:00

  • On the blog now:

    Town Hall - Investors and economists say the odds are growing that the Fed will lower an important interest rate, called the federal funds rate, on or before Sept. 18, its next regularly scheduled meeting. The Fed hasn't cut this rate in four years. The funds ...
    2007-08-23 03:05:00

  • Northern Rock prices itself out of sub-prime

    Times Online - Northern Rock has moved to shut down its UK sub-prime mortgage business, hiking interest rates on its fixed-rate loans and scrapping its tracker range. The UK mortgage lender, which is heavily exposed to tumultuous wholesale credit markets, said it ...
    2007-08-23 02:00:00

  • Interest Rate Cut? Sleep it Off - Overall Things Look Good (Seeking Alpha via Yahoo! Finance)

    Terence Channon submits: What?!?! You loaned money to people that could not afford it and now you want someone to bail you out? Big shocker. ME, ME, ME is all I hear - similar to a 4-year old in a candy store when it comes to the well-publicized events of the sub prime mortgage "meltdown" [... ]
    2007-08-23 07:55:19

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