Mortgage and Financial News From 2007-9-12 Page 5
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Tax cuts soften rate pain (News Interactive)
LAST month's interest rate rise is expected to have limited impact on the retail industry because of the Government's latest round of income tax cuts, Access Economics says.
2007-09-12 11:27:00 -
Savers fail to check interest rate (The Myrtle Beach Sun News)
1/83/8 SAN FRANCISCO | Right now, there are plenty of ways to earn a 5 percent or higher yield on your savings, but many consumers don't take advantage of those rates, according to a recent survey. Sixty percent of consumers surveyed in May said they "almost never" check the interest rates available on savings accounts, even though most respondents pointed to rates as a top concern for ...
2007-09-12 12:14:05 -
Retailers to ride out rate rise (Daily Telegraph)
THE impact of last month's interest rate rise on the retail industry is expected to be limited because of the Federal Government's latest round of income tax cuts, Access Economics said.
2007-09-12 11:27:00 -
Tax cuts soften rate pain (Daily Telegraph)
LAST month's interest rate rise is expected to have limited impact on the retail industry because of the Government's income tax cuts, Access Economics says.
2007-09-12 11:27:00 -
Dollar Falls to Record Low Against Euro on Rate Differential (Bloomberg.com)
Sept. 12 (Bloomberg) -- The dollar fell to a record low against the euro as investors bet the Federal Reserve will reduce its target interest rate, narrowing the gap between the U.S. and Europe.
2007-09-12 07:04:11 -
Paulson says rate resets will delay sub-prime resolution UPDATE (Sharewatch)
(Updates attendee list) WASHINGTON (Thomson Financial) - Although there has been "some improvement" in parts of the financial markets, Treasury secretary Henry Paulson said "it's going take longer to work through this problem in sub-prime".
2007-09-12 10:14:49 -
Asian markets mixed; Tokyo stocks fall after prime minister resigns (The Jakarta Post)
TOKYO (AP): Asian markets were mixed Wednesday, with Japanese shares falling on news of the prime minister's resignation, while Hong Kong shares rose to a record on hopes for an interest rate cut by the U.S. Federal Reserve.
2007-09-12 05:18:30 -
Stable inflation key to rate policy: Rangarajan (Business Standard India)
A change in the Reserve Bank of India’s (RBI) interest rate policy could change only after the current inflation rate was sustained for a longer period, according to C Rangarajan, the prime minister’s chief economic adviser and former RBI governor.
2007-09-12 11:41:01 -
Dodd Enters Subprime Crisis
Hartford Courant - President Bush has responded to the mortgage crisis with a plan to change Federal Housing Administration rules to allow homeowners with good credit who are behind on their subprime loan payments to refinance with federally insured loans. U.S. Sen ...
2007-09-12 04:31:00 -
Clear title promptly of deceased owner's name
Boston Online - It is best to take care of clearing the titles promptly in case you decide to sell or refinance the properties. If you don't already hold the titles in a revocable living trust, this would be a good time to also take care of that so your heirs won't ...
2007-09-12 08:24:00 -
Home loan demand rises as interest rates tumble
Reuters - The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, rose 5.5 percent for the week ended September 7. Applications were 12.5 percent above their year-ago level ...
2007-09-12 08:31:00 -
Refi rescue
CNN Money - NEW YORK (CNNMoney.com) -- Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do ...
2007-09-12 10:54:00 -
BBA suggests enabling role for Bank
Times Online - But the pressure is going to get greater as the problem starts seeping into the real economy,” he added. Banks have been hoarding cash and liquid securities and refusing to lend to one another in anticipation of having to refinance investment ...
2007-09-12 12:42:00 -
Bill Would Raise Fannie, Freddie Loan Limit
Washington Post - Declining home sales and prices combined with rising loan delinquencies and foreclosures have crippled mortgage markets, leaving consumers with fewer options to get a loan or refinance. The Bush administration opposes allowing Fannie Mae and Freddie ...
2007-09-12 01:10:00 -
Fannie, Freddie can help stabilize mortgage market as 'bad actors ...
Boston Globe - Fannie, which is the largest U.S. buyer and guarantor of mortgages, has helped some 33,000 struggling homeowners refinance $6 billion in mortgages since April. That's when Fannie and government-created sibling firm Freddie Mac committed to buy up to ...
2007-09-12 02:08:00
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