Mortgage and Financial News From 2007-9-11 Page 13

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  • Countrywide Shares Fall on Report Lender Needs Cash (Update3) (Bloomberg.com)

    Sept. 11 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, fell as much as 5 percent on the New York Stock Exchange after the New York Post said the company is negotiating a second multibillion-dollar bailout.
    2007-09-11 09:49:32
  • American Home Mortgage causes a rise and fall (Newsday)

    Kevin Chin was happy to go out of his way for American Home Mortgage.
    2007-09-10 04:02:00
  • Fitch downgrades bonds issued on American Home Mortgage loans (Newsday)

    Fitch Ratings, one of the three firms that provides securities traders guidance on the likely performance of bonds and other transactions, has downgraded $16.2 million in "scratch and dent" bonds issued based on low-quality and risky loans issued by the defunct Melville-based lender American Home Mortgage.
    2007-09-11 12:32:00
  • Market? Mattress? Neither!

    Motley Fool - Going for the gusto with a CD (and getting 280 more clams than you'd get from your checking account) looks like a no ... Some even boast interest rates on par with short-term CDs. The best rates by far are offered by online-only banks, which keep costs ...
    2007-09-11 11:46:00
  • Irwin Kellner

    Marketwatch - Investors want the economy to be strong enough to generate decent profits growth, yet weak enough to give the Federal Reserve a reason to reduce interest rates. 15. Irwin Kellner: S&P hits record, but you'd have done better with a CD 5:34 PM ET, Jun 04 ...
    2007-09-11 07:14:00
  • Turkey’s economy runs out of steam

    Financial Times - ... its slowest pace in five years, setting a further test for the government’s economic policies at a time when the international environment is deteriorating. The decline in economic growth could open the way for the central bank to cut interest rates ...
    2007-09-09 05:53:00
  • In India, a quest to ease the pain of the dying

    International Herald Tribune - Because of tobacco and betel nut chewing, India leads the world in mouth and head tumors, and has high rates of lung ... And he eventually loses interest." And raising that interest is a struggle, because most were taught notions long faded in the ...
    2007-09-09 05:53:00
  • Wall Street set for rise ahead of Bernanke

    National Post - NEW YORK (Reuters) - Stocks index futures rose on Tuesday, with investors likely to take their cues from a speech by Federal Reserve Chairman Ben Bernanke as speculation about a reduction in interest rates ran high. In company news, shares of ImClone ...
    2007-09-11 05:26:00
  • Market? Mattress? Neither! (The Motley Fool)

    There are plenty of safe, rewarding places to park your cash.
    2007-09-11 12:09:43
  • S.Korea bonds down as MSB auction hits sentiment (Reuters via Yahoo! Asia News)

    SEOUL, Sept 11 (Reuters) - South Korean government bond prices fell on Tuesday with selling triggered by a lukewarm response to the Bank of Korea's 2-year monetary stabilisation bond auction and upward pressure on certificate of deposit rates.
    2007-09-11 03:45:56
  • Metals - Base metals up across the board as confidence returns on rate ...

    Forbes - ... on commodity fundamentals, away from the turmoil fostered by the subprime mortgage ... The bottom line here is that if rates are cut, the dollar will fall, which will ... In the current nervous economic conditions, market players will be watching Fed ...
    2007-09-11 07:35:00
  • WRAPUP 1-ECB focuses on market uncertainty, Stark eyes hike

    Reuters - ... his focus on the uncertainties that surround the economic outlook due to the U.S. subprime mortgage ... A slim majority of economists expect the ECB to raise rates once more by December from their current level of 4 percent, a Reuters poll showed ...
    2007-09-11 11:31:00
  • Westpac upbeat on credit-crunch rates

    The Australian - ... its Big Four peers, talking down the prospect of a rise in its home-loan rates ... The Westpac chief said there were some elements of the current malaise that would ... of customer growth, transaction fees had been realigned, its share of mortgage ...
    2007-09-11 09:30:00
  • Tucker Hart Adams Releases 2008 Economic Forecast

    Forbes - The level of recession felt nationally will depend on how quickly current turmoil in the ... year mortgages will average 6.9 percent in 2008, up from 6.5 percent in 2007, as mortgage credit becomes more expensive and difficult to obtain. Interest rates ...
    2007-09-11 06:59:00
  • Understanding Your Mortgage Rate

    Motley Fool - So if a fixed mortgage was out of reach for you when you first bought your home, you might find that the option now compares favorably with your current ARM. For most borrowers, falling interest rates won't bring immediate relief. But for some ...
    2007-09-11 10:12:00