Mortgage and Financial News From 2007-9-13 Page 19

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  • Dollar touches a record low against euro on fears rate gap will shrink

    International Herald Tribune - Traders also added to bets that the European Central Bank will raise interest rates from the current 4 percent to curb rising prices as crude oil advanced. "Oil is surging, so there's an upside risk to inflation in Europe," said Hideaki Inoue, chief ...
    2007-09-13 05:45:00

  • Forex - Dollar in corrective rebound after hitting new all time lows ...

    Forbes - Expectations that the Bank of England will not raise interest rates further from their current level of 5.75 pct strengthened today after a survey from the UK's Royal Institution of Chartered Surveyors revealed the first fall in house prices for the ...
    2007-09-13 06:35:00

  • Norwegian central bank sees more interest rate rises, pressure on ...

    Forbes - With inflation showing signs of rising, the Norwegian Central Bank has repeatedly raised interest rates to the current 4.75 pct, and has said it expects the figure to be nearer 5.25 pct by the year-end. Bergo said that higher rates would apply ...
    2007-09-13 04:19:00

  • Bank of England's King refuses to bail out banks, hints interest rates at their peak (CP via Yahoo! Canada News)

    LONDON (AP) - Bank of England Governor Mervyn King stood firm against bailing out struggling banks on Wednesday, but in his first comments since a credit crisis swept global markets, hinted that interest rates had peaked.
    2007-09-12 08:14:00

  • Interest rates soar as money hoarded (Daily Telegraph)

    PRESSURES building in the short-term money market show no signs of easing, as investors choose to hoard cash rather than finance potential lenders, pushing up interest rates.
    2007-09-12 07:00:00

  • Reserve Bank holds interest rates (Stuff)

    Reserve Bank Governor Alan Bollard today hit the pause button on interest rate rises following four successive hikes since March that have propelled New Zealand rates to the highest in the developed world.
    2007-09-12 02:33:11

  • On the blight track

    Chicago Sun-Times - Long before there was a nationwide mortgage foreclosure epidemic, a bank foreclosed on the Portage Park home kitty-corner from Lili Betancourt's. ... If you ever try calling the lender or the lender's attorney, they'll look at you like you ...
    2007-09-13 01:56:00

  • Prepayment penalties add to subprime lenders' troubles

    International Herald Tribune - If they sell their home or refinance, they will face a penalty of thousands of ... He would have to pay the lender a $9,000 exit fee. "We don't have any money," Larson ... but only state-regulated banks are generally subject to those restrictions; mortgage ...
    2007-09-13 04:19:00

  • Match Point: Suit Targets 401(k) Losses

    CFO.com - You are here: Home : Today in Finance : Article ... The suit, filed in federal court in Santa Ana, California, claims that the alleged illegal actions of the mortgage lender and its ...
    2007-09-13 05:24:00

  • Halifax Raises Mortgage Rates

    Guardian Unlimited - The UK's biggest mortgage lender has announced it is raising its mortgage rates as banks continue to respond to volatility ... is also due to increase its rates next week, although it has not yet said by how much, while specialist lender Capital Home ...
    2007-09-13 04:48:00

  • Halifax increases mortgage rates

    This is Money - Britain's biggest mortgage lender, the Halifax, today increased interest rates on a raft of home loans to new customers in the latest squeeze on household finances. Halifax upped the rates on certain tracker mortgages by between 0.1% and 0.2 ...
    2007-09-13 04:41:00

  • Dollar Near Record Low Against Euro on Outlook for Fed Cut

    Bloomberg - ... paper market are struggling to sell new notes because of concern some of the short-term debt is linked to subprime-mortgage ... who oversees the equivalent of about $7 billion at Mitsubishi UFJ Asset Management Co., a unit of Japan's largest lender ...
    2007-09-13 05:24:00

  • XCeed Mortgage suspends dividend, warns of market turmoil

    Globe and Mail - ... to conserve cash and temporarily suspend declaration of a dividend for the current period,” the non-traditional mortgage lender ... Housing seer says there's worse to come   Home-ownership rate highest on record   ...
    2007-09-13 01:56:00

  • 100 to lose jobs if home lender calls it quits

    St. Petersburg Times - Challenge Financial Investors Corp., which does business as CFIC Home Mortgage, is closing down, according to employees at the St. Petersburg headquarters who have been told they will be out of job by the end of the year. CFIC claimed at one time to ...
    2007-09-13 03:15:00

  • Xceed Mortgage Reports Fiscal 2007 Third Quarter (CNW Group via Yahoo! Finance)

    Toronto, Ontario, September 13, 2007 - Xceed Mortgage Corporation , a leading non-traditional mortgage lender, today announced its financial results for the third quarter and first nine months of fiscal 2007 ended July 31, 2007.
    2007-09-13 03:00:00

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