Mortgage and Financial News From 2007-9-13 Page 6

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  • Countrywide lines up $12 billion in new loans (Los Angeles Times)

    Mortgage lender Countrywide Financial Corp. said today that its bankers had agreed to provide the company with as much as $12 billion in additional loans, increasing its ability to weather the worst downturn in the history of the modern home-loan industry.
    2007-09-13 08:59:13

  • Immunomedics Announces Fiscal 2007 Results

    MSN MoneyCentral - MORRIS PLAINS, N.J., Sept. 13, 2007 (PRIME NEWSWIRE) -- Immunomedics, Inc. (Nasdaq ... Interest expense declined in 2007 as a result of the conversion of the 5% convertible ... pleased that for this fiscal year, we were able to maintain our cash burn rate at ...
    2007-09-13 01:45:00

  • Steve Lewis: Maxine McKew goes to the max

    News.com.au - The Prime Minister's declaration that he will hand over to Peter Costello was forced upon him. Howard's senior colleagues ... There is also no doubt the Coalition's economic credentials have been badly dented by the five interest rate rises since 2004. ...
    2007-09-13 04:15:00

  • John Howard says he will quit if re-elected

    News.com.au - JOHN Howard will quit as Prime Minister and hand the party leadership to Peter Costello part way through his next term if ... Then throw in five straight interest rate rises in a row after Howard promised to keep interest rates down during the 2004 ...
    2007-09-13 04:15:00

  • Banks borrowing more from Fed

    CNN Money - The Fed on Aug. 17 announced it was cutting the interest it charges banks to make direct loans by a half-percentage ... cut in the funds rate, which has been at 5.25 percent for a year, would immediately trigger declines in banks' prime lending rate ...
    2007-09-13 03:25:00

  • The World Beyond the Fed

    BusinessWeek - Bernanke will meet with the Federal Open Market Committee to decide whether to cut interest rates—a move ardently ... One big problem for more rate hikes is timing: Prime Minister John Howard faces an election soon, and rate hikes are always unpopular.
    2007-09-13 03:54:00

  • Dollar Climbs Back From Low Vs. Euro

    Newsday - ... euro has benefited from healthy economic news in the euro zone and the European Central Bank's campaign of gradual interest rate ... The dollar climbed to 115.29 yen from 114.26 yen after Japanese Prime Minister Shinzo Abe was hospitalized for exhaustion ...
    2007-09-13 04:08:00

  • Northern Rock asks for Bank help

    BBC News - The loan would be provided at a penal interest rate, he said. Following the widespread losses made by investors in loans to US homebuyers with poor credit history, the so-called sub-prime loans, investors have become wary of buying all mortgage debt ...
    2007-09-13 12:55:00

  • Greenspan Concedes 'Subprime' Dilemma

    Town Hall - Some blamed Greenspan's interest rate policies for feeding the housing frenzy. Sales had hit record highs and house prices galloped from 2001 to 2005. Then the market fell into a deep slump. The Greenspan Fed from early 2001 to the summer of 2003 had ...
    2007-09-13 02:28:00

  • Euro, oil, subprime crisis gang up on mooted eurozone rate hike

    Raw Story - The ECB says it is ready to raise interest rates, but the euro's strength along with record oil prices and uncertainty from the US home loan crisis has delayed a hike that now looks even less likely. The European Central Bank renounced last week ...
    2007-09-13 09:49:00

  • Northern Rock is bailed out by Bank of England

    Daily Mail - to U.S. homebuyers with poor credit history - the socalled sub-prime loans - many have become more wary of buying ... It is long past time we gave some consideration to the small investors whose money earns a derisory interest rate and who have to ...
    2007-09-13 04:51:00

  • Greenspan: 'Didn't Get' Subprime Woes Until Late 2005

    Street.Com - Alan Greenspan, the former chairman of the Federal Reserve , said he didn't grasp that subprime lending practices were significant enough to hurt the broader economy until late in 2005, but he defended his interest rate-cutting campaign that went ...
    2007-09-13 08:44:00

  • Business News - Euro, oil, subprime crisis gang up on mooted eurozone ...

    Daily Journal-Messenger - Business News - Euro, oil, subprime crisis gang up on mooted eurozone rate hike (AFP) September 13th, 2007 Euro, oil, subprime crisis gang up on mooted eurozone rate hike (AFP) AFP - The ECB says it is ready to raise interest rates, but the euro ...
    2007-09-13 01:52:00

  • Timeline: The sub-prime mortgage crisis

    Daily Telegraph - 2002 to 2004 American banks lend billions of dollars of mortgages to people on low incomes - many of whom are in no position to pay back the loans. 30 June 2004 The US Federal Reserve starts a cycle of interest rate rises that will lift borrowing ...
    2007-09-13 04:58:00

  • BOJ May Keep Rate Unchanged After Economy Shrinks, Abe Quits

    Bloomberg - Sept. 14 (Bloomberg) -- The Bank of Japan will probably keep interest rates unchanged next week after Prime Minister Shinzo Abe resigned and the economy shrank in the second quarter. Governor Toshihiko Fukui and his colleagues will leave the key ...
    2007-09-13 04:51:00

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