Mortgage and Financial News From 2007-12-3 Page 29
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Dessauer still bullish on U.S. dollar
Marketwatch - U.S. interest rates have come down and the U.S. economy has maintained a solid growth streak. The falling U.S. dollar has ... All we need is more evidence on subprime adjustable rate mortgage loans resetting and the dark clouds will go away."
2007-12-02 10:16:00 -
Homes 'to fund retirement for many'
MSN UK News - ... final salary pensions and increased life expectancy led to further reductions in annuity rates. It ... Older people typically own more valuable homes than the average and the vast majority have no mortgage debt left. "For many, the value of their home ...
2007-12-03 02:26:00 -
National Debt Grows $1 Million a Minute
Associated Press - Make Missoulian.com your home page Get Firefox! ... faces the prospect of seeing this debt - now at relatively low interest rates ... in the same predicament as the average homeowner who took out an adjustable mortgage ...
2007-12-03 12:32:00 -
Santa Claus rally on wish list
Times Union - ... weeks of November, must contend with the still-unfolding turmoil in the mortgage and ... Millions of adjustable-rate mortgages will convert to higher rates next year, and ... HOME DELIVERY
2007-12-03 01:58:00 -
Asian Stocks Rise; Mitsubishi UFJ Leads Advance Among Banks
Bloomberg - ... UFJ Financial Group Inc. and National Australia Bank Ltd., on speculation the Federal Reserve will cut U.S. interest rates ... Japan's banks had 1.3 trillion yen ($12 billion) in investments related to U.S. subprime-mortgage markets as of Sept. 30, the ...
2007-12-02 09:40:00 -
Trichet, Facing Market Tension, Boxed In by Inflation (Update1)
Bloomberg - Just as fallout from the U.S. subprime mortgage slump pushes up market borrowing costs in Europe, inflation in the 13-nation ... Bernanke and cut interest rates this week to ease pressure on commercial banks and consumers. ``Clearly the ECB ...
2007-12-02 11:42:00 -
Dollar Falls as Moody's Prepares Rating Cuts on Subprime Losses
Bloomberg - ... subprime mortgage defaults rocked financial markets. The U.S. currency also declined against the euro on speculation a private report will show slowing manufacturing growth, adding to pressure on the Federal Reserve to cut interest rates ...
2007-12-03 12:10:00 -
European Mining Stocks, Rio Fall; Vivendi, WPP Group Advance
Bloomberg - ... stocks last week had their biggest weekly gain since June on speculation the Federal Reserve will lower interest rates ... bonds rose after Moody's Investors Service said it is preparing the biggest credit-rating cuts since U.S. subprime-mortgage ...
2007-12-03 02:12:00 -
U.S. Stock-Index Futures Fall; E*Trade, Morgan Stanley Decline
Bloomberg - E*Trade, the U.S. discount broker grappling with subprime mortgage losses, fell in Europe. Morgan Stanley, the country's ... Bernanke signaled he may reduce interest rates and the Treasury moved closer to a plan to prevent thousands of Americans ...
2007-12-03 02:26:00 -
Washington's sub-prime fix expected (Los Angeles Times)
Treasury chief backs a partial freeze of interest rates. Investors may put up hurdles to the plan. A federally sponsored plan to stem home foreclosures by having lenders freeze "teaser" mortgage interest rates for certain high-risk borrowers could be announced as early as this week.
2007-12-03 12:07:02 -
White House studies home-loan modification plan (USA Today)
The Bush administration is working with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels.
2007-12-02 06:46:00 -
Yen Rises as Moody's Prepares Rating Cuts on Subprime Losses
Bloomberg - ... the biggest credit-rating cuts since subprime-mortgage defaults rocked financial markets. The yen rose versus all 16 most-traded currencies as investors retreated from carry trades and sold higher-yielding assets bought with loans from ...
2007-12-03 02:12:00 -
Glossary of terms
Seattle Times - For example, if your house is worth $250,000 and you owe $100,000 on your mortgage, you have $150,000 worth of equity in your house. Equity stripping: Selling high-cost loans based solely on the equity of the house. Predatory lender: Covers a variety of ...
2007-12-03 12:10:00 -
Dollar holds its ground despite unfavourable economic reports
FXStreet.com - However, the UK economy is much more vulnerable via the housing market to rising short-term interest rates than most continental economies: mortgage loans generally have variable interest rates and the proportion of UK households with mortgages is ...
2007-12-02 11:13:00 -
Fearful are rushing to fix loans
News.com.au - The remainder consisted of other lending products including non-conforming, bridging, reverse mortgage and no deposit loans. Mortgage Choice managing director Paul Lahiff said that historically, fixed-rate home loans comprised, on average, about 25 ...
2007-11-29 03:53:00