Mortgage and Financial News From 2007-9-25 Page 18
Previous Day: 2007-09-24
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Still No Bidder for UK Lender (AP via Yahoo! Finance)
Private shareholders in one of Britain's largest mortgage lenders formed an action group Tuesday to hold management accountable for their decisions and to fend off a fire sale as shares of Northern Rock PLC continued to head south.
2007-09-25 09:56:59 -
Wolters Kluwer Financial Services Launches Mortgage Fraud Prevention Program (PR Newswire via Yahoo! Finance)
Wolters Kluwer Financial Services, through its PCi line of compliance analytics solutions, announced today a new mortgage fraud prevention program that can help lenders reduce the number of fraudulent loans they inadvertently originate.
2007-09-25 06:30:00 -
Mortgage Holders Can Now Pay Monthly Mortgage Bill Online With Visa, MasterCard and Discover Credit Cards (Marketwire via Yahoo! Finance)
CardIt, LLC., a third-party payment provider that acts as an intermediary between consumers and mortgage lenders, today announced the launch of company operations. CardIt accepts, processes, and remits payments on behalf of customers and then sends payments directly to lenders.
2007-09-25 09:47:00 -
Oil, gold surge fuels inflation jitters
Seattle Times - Commodities have soared since last week's interest-rate cut, sparking inflation fears. Oil shot to record levels above $80 a barrel, and gold climbed above $740 an ounce to its highest point since 1980. Copper and soybeans also jumped. Commodities ...
2007-09-25 01:35:00 -
Lennar to continue discount strategy
MSN MoneyCentral - The recent US interest-rate cuts have done little to boost confidence among homebuilders, with the stock of unsold homes continuing to rise and potential buyers facing tougher lending standards in the mortgage market. The sector has continued to ...
2007-09-25 08:08:00 -
Out of the Gate: Standard Pacific Sinks
CNBC - The bonds will mature in five years, carry an annual interest rate of 6 percent, and grant the holder the right to convert the bond into Standard Pacific stock. The shares fell 13 percent Monday and slipped an additional 42 cents, or 6 percent, to $6 ...
2007-09-25 07:40:00 -
Discover Financial Services Reports Third Quarter Results
Forbes - ... in the portfolio; -- an increase in expenses, including $4 million of spin-off related costs; and -- a decrease in net interest income reflecting higher funding costs post spin-off and the higher interest rate ...
2007-09-25 05:31:00 -
Rate-setter hints at cut after turmoil
Guardian Unlimited - Andrew Sentance, one of the external members of the Bank of England's monetary policy committee, hinted last night that interest rates may be cut in response to the turmoil in financial markets that triggered the Northern Rock crisis. His comments ...
2007-09-25 01:28:00 -
UPDATE: Rate Futures Markets Boost Odds For Future Cuts
FXStreet.com - CHICAGO -(Dow Jones)- Signs of weakness in the housing sector Tuesday caused U.S. interest rate futures markets to reflect increased expectations for multiple rate cuts from the Federal Reserve. Prices in the markets opened the session pointed higher ...
2007-09-25 08:23:00 -
Jackson(SM) Enhances Fixed Index Annuity Product Menu with Launch of ...
Forbes - In addition to a guaranteed minimum interest rate and a guaranteed minimum death benefit, Jackson AscenderPlus Select gives investors the opportunity to earn additional interest that is linked to one of two market indexes - the new proprietary ...
2007-09-25 07:04:00 -
Treasuries Rise as Consumer Confidence, Home Sales Decline
Bloomberg - Two-year notes, more sensitive than longer-maturity debt to changes in monetary policy, led the rally as traders priced in higher odds of more interest-rate cuts by the Federal Reserve this year. Treasuries pared gains after an August slowdown in ...
2007-09-25 08:59:00 -
Homes face steepest price drop in 16 yrs
MSNBC - His comments came a day after home buyers and other borrowers got some welcome news when the Federal Reserve cut a key interest rate by a half-percentage point to 4.75 percent. It was the Fed's first cut in four years. The housing slowdown and ...
2007-09-25 07:47:00 -
Pound Falls as Report on Deposit Protection Fuels Banks Concern
Bloomberg - The Bank of England's benchmark interest rate is 5.75 percent, the highest among the Group of Seven nations. ``The economic outlook is supportive of gilts,'' said Audrey Childe-Freeman, an economist at CIBC World Markets in London. ``We are ...
2007-09-25 07:47:00 -
Dollar Falls vs. Euro Ahead of U.S. Housing Data
CNBC - The dollar fell against the euro in quiet trade Tuesday as investors braced for weaker economic data, which could support expectations for another interest rate cut by the Federal Reserve next month. More monetary easing after last Tuesday's half ...
2007-09-25 06:21:00 -
ECB average refi rate 4.29 pct; marginal rate 4.27; awards 190.0 bln ...
Forbes - FRANKFURT (Thomson Financial) - The European Central Bank said the weighted average interest rate on accepted bids at today's main refinancing operation rose to 4.29 pct from 4.16 pct last week. The marginal rate -- the lowest rate at which bids were ...
2007-09-25 03:51:00
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