Mortgage and Financial News From 2007-9-12 Page 17

RSS Feed

Previous Day: 2007-09-11

Return to the mortgage news archive home.

  • FTC warns companies on 'deceptive' mortgage ads

    USA Today - Home improvement options ... and in the mail "may violate federal law" by giving a deceptive picture of mortgage ... the advertising terms, which note that "you may not be matched with the lender ...
    2007-09-12 05:25:00
  • GMAC Bonds Rally on Citigroup's $21 Billion Financing (Update1)

    Bloomberg - Sept. 12 (Bloomberg) -- Bonds of GMAC LLC, the automobile and home lender that reported more than $1 billion of mortgage losses after General Motors Corp. sold a controlling stake last year, rallied as Citigroup Inc. offered $21 billion of funding ...
    2007-09-12 03:09:00
  • US home woes 'perfect storm' (BBC News)

    The US housing and mortgage downturn is now so acute that a fall in home prices is likely, a key lender warns.
    2007-09-11 02:43:16
  • Lender's Troubles Threaten Thousands of Homeowners (WallStreet Journal via Yahoo! Finance)

    Freddie Mac said thousands face an "imminent risk" of losing their homes following a mortgage lender's troubles.
    2007-09-11 05:26:31
  • FTC warns companies on 'deceptive' mortgage ads (USA Today)

    The Federal Trade Commission has warned more than 200 companies about "potentially deceptive" mortgage advertisements that could give borrowers a false impression of the cost of home loans.
    2007-09-12 05:02:31
  • 2nd bailout for top mortgage lender? (Deseret Morning News)

    Countrywide Financial Corp., the biggest U.S. mortgage lender, is apparently negotiating a second multibillion-dollar bailout, according to a Tuesday report in the New York Post.
    2007-09-12 01:24:57
  • European markets rally

    The Australian - On the currency market the euro skirted its record high against the dollar as the greenback suffered from concern over the health of the US economy and expectations of a cut in US interest rates. The single European currency in late-day trade was at ...
    2007-09-11 07:52:00
  • China says inflation reached 11-year high in August, trade surplus ...

    NWI.com - BEIJING | China's inflation surged to an 11-year high in August and the trade surplus grew, the government reported Tuesday, adding to pressure on Beijing to ease currency controls and raise interest rates to cool its sizzling economy. Inflation rose ...
    2007-09-11 09:54:00
  • Moody's: defaults among speculative-grade companies to triple in next ...

    NWI.com - But they are unlikely to reach the heights of 2001 and 2002, Gates said, because historically low interest rates since then allowed companies to improve profitability and operating cash flow, giving them some flexibility to handle tightening standards
    2007-09-11 09:54:00
  • Commentary: Market's reaction to jobs report suggests U.S. is in a ...

    Marketwatch - ... economy is growing, the positive effect of a strong jobs report is more than outweighed by the negative effect of the interest ... news of the jobs report is more than outweighed by the good news that the Fed will have less pressure on it to raise rates
    2007-09-11 11:06:00
  • India's industrial output up 7.1 percent in July, sharp decline from ...

    FXStreet.com - The July industrial output slowdown follows moves by India's central bank to tame inflation by raising benchmark interest rates nine times since late 2004 to put a dent in demand for credit and slow inflation. Analysts said the industrial slowdown ...
    2007-09-12 01:57:00
  • Wage surge threatens India's budget

    Korea Herald - Such wage increases would crimp the Reserve Bank of India's ability to cut interest rates next year, should slowing global growth and rising risk aversion warrant monetary easing. The ruling Congress Party's alliance with Marxist groups is in ...
    2007-09-12 04:06:00
  • Bernanke's honeymoon as the Fed chairman is over

    Lebanon Daily Star - Indeed, many academic economists believe that central bankers could perfectly well be replaced with a computer programmed to implement a simple rule that adjusts interest rates mechanically in response to output and inflation. But, while Bernanke's ...
    2007-09-12 04:35:00
  • Certificate of deposit rates about to head south

    Pittsburgh Post-Gazette - ... in the two-, three- or five-year horizon, you are looking at yields of 5.4 percent to 5.5 percent on the top end, and you get to sit back and enjoy that regardless of what happens to the economy and interest rates," he said. When shopping for a CD ...
    2007-09-11 11:06:00
  • BURSA MALAYSIA: KL Shares Close Easier As U.S. Rate Cut Seen Next Week (Bernama)

    KUALA LUMPUR, Sept 12 (Bernama) -- Share prices on Bursa Malaysia closed easier Wednesday, erasing earlier gains after last-minute profit taking activities, especially in the finance and property counters, sent the Kuala Lumpur Composite Index (KLCI) to close 0.39 of a point lower at 1,285.94, a dealer said.
    2007-09-12 03:33:34