Mortgage and Financial News From 2007-9-28 Page 16

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  • The high flying loonie and weakening U.S. growth raise the odds that the Bank of Canada will cut interest rates before ... (CNW Group via Yahoo! Finance)

    Slower growth, lower interest rates and continued strength in the Canadian dollar will be the key economic and financial trends into 2008, according to Scotia Economics' latest flagship report, Global Outlook, entitled More of the Same - Only Different.
    2007-09-28 03:00:00

  • Interest rates may have to be cut, says OECD (Guardian Unlimited)

    British interest rates may need to be cut as the turmoil in financial markets and higher borrowing costs combine to slow economic growth, the west's leading thinktank said yesterday.
    2007-09-28 01:00:15

  • U.S. rate outlook propels stocks in Europe

    International Herald Tribune - LONDON : European stocks climbed for a second day Thursday after a report showed that U.S. home sales declined, giving ... Flowers has been given access to the British mortgage lender's books after making a takeover proposal for the bank. Flowers may be ...
    2007-09-28 12:34:00

  • Freddie Mac agrees $50m penalty

    BBC Business - US mortgage lender Freddie Mac has agreed to pay a $50m (£24.6m) penalty to settle charges that it massaged its earnings between ... The firm that finances most US home loans and its former management did not admit to or deny the charges. The ...
    2007-09-27 11:15:00

  • U.S. housing gloom deepens

    Globe and Mail - The housing slump will last beyond next year, dragging down home prices and increasing credit losses, according to Daniel Mudd, chief executive officer of mortgage lender Fannie Mae. "We don't think [we'll] hit a bottom until the end of '08 and then ...
    2007-09-28 03:19:00

  • IKB Says Fiscal 1Q Profit Fell

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... development bank and other banks to help protect its exposure to subprime mortgage ... The subprime crisis has since made its impact felt at another German lender, the ...
    2007-09-28 03:33:00

  • Bank Credit Risk Rises Amid Concern Over Money Market Funding

    Bloomberg - Northern Rock Plc has borrowed 8 billion pounds (16.2 billion) from the Bank of England since the Newcastle-based mortgage lender sought emergency funding two weeks ago, the Financial Times reported today. Canadian lenders are also experiencing ...
    2007-09-28 05:06:00

  • Lender blames others for bad property tax checks

    Boston Globe - NEW YORK - American Home Mortgage Investment Corp. bounced 564 property tax checks in Maryland but blamed other financial institutions for the problem, the state's commissioner of financial regulation said yesterday. The bankrupt mortgage lender ...
    2007-09-28 02:00:00

  • Ahead of the Bell: Luminent Mortgage

    CNBC - NEW YORK - A Deutsche Bank analyst upgraded Luminent Mortgage Capital Inc. on Friday, saying the squeeze on the home lender's cash has eased. Deutsche Bank analyst Stephen Laws raised his rating on Luminent Mortgage to "Hold" from "Sell." The San ...
    2007-09-28 04:52:00

  • Credit squeeze explained (FT.com via Yahoo! News)

    The recent bank run on Northern Rock, the UK mortgage lender, has brought the crisis in the financial markets home to ordinary savers, after the effects of the US subprime crisis spilled into credit markets and beyond.
    2007-09-27 12:00:46

  • Mortgage woes doom Foxtons (The Star-Ledger)

    While the mortgage crisis has claimed the life of one lender after another, real estate brokerages have escaped unharmed. At least until now.
    2007-09-27 10:10:04

  • Home Front: Why Fed's rate cut didn't ease the pain of mortgage pricing (The Sacramento Bee)

    What gives with mortgage rates? Weren't they supposed to go down after the Federal Reserve cut interest rates by a half percentage point?
    2007-09-28 12:08:47

  • Lender Bounces Md. Tax Checks (Washington Post)

    American Home Mortgage Investment bounced 564 property tax checks in Maryland but blamed other financial institutions for the problem, the state's commissioner of financial regulation said yesterday.
    2007-09-27 10:45:21

  • American Home Mortgage blames others for bounced property tax cheques (MSN Money Canada)

    NEW YORK - American Home Mortgage Investment Corp. bounced 564 property tax cheques in Maryland but blamed other financial institutions for the problem, the state's commissioner of financial regulation said Thursday.
    2007-09-27 03:02:50

  • Ahead of the Bell: Luminent Mortgage (AP via Yahoo! Finance)

    A Deutsche Bank analyst upgraded Luminent Mortgage Capital Inc. on Friday, saying the squeeze on the home lender's cash has eased.
    2007-09-28 04:45:14

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