Mortgage and Financial News From 2007-8-24 Page 17

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  • Former Fed official urges interest rate cut

    Reuters - WASHINGTON (Reuters) - Former Federal Reserve Governor Wayne Angell on Thursday urged the U.S. central bank to slash its federal funds rate three-quarters of a percentage point to 4.5 percent to halt investors' rush to safe-haven Treasury securities ...
    2007-08-23 06:54:00

  • Dollar slips against euro and pound on interest rate considerations

    International Herald Tribune - NEW YORK: The dollar slid against the euro and pound Thursday as sentiment remained mixed that a worldwide scarcity of credit could trigger an interest rate hike in Europe. The U.S. currency rose against the yen, however, as investors' appetite for ...
    2007-08-23 08:41:00

  • China 7-day repo rate set at 2.4430 pct vs 2.3800 pct

    Forbes - CFETS began the daily fixing of overnight and seven-day repurchase rates in March 2006 to provide a reference for derivatives such as interest rate forwards, swaps and short-term interest rate futures. ivy.cheng@xinhuafinance.com ic/kmq xfnic/xfnkm ...
    2007-08-24 04:34:00

  • Japan Paves Way for Possible Interest-Rate Increase

    Wall Street Journal - TOKYO -- The Bank of Japan, after holding its benchmark interest rate unchanged yesterday, laid the groundwork for a possible increase, indicating that it expects recent market gyrations to have limited impact on the Japanese economy. Statements by ...
    2007-08-24 03:36:00

  • Europe housing prices drag on interest rate hikes by central banks - S&P (Sharewatch)

    MUMBAI (Thomson Financial) - Standard & Poor's said the spate of interest rate rises by central banks is exacting its toll on disposable incomes already weighed by rising household indebtedness, with a consequential drag on house prices.
    2007-08-23 10:55:42

  • (AFX UK Focus) 2007-08-23 12:55 GMT: Bank of China chairman calls central bank interest rate hikes positive (Interactive Investor)

    BEIJING (XFN-ASIA) - Recent interest rate hikes imposed by the central bank have actually been positive for the Bank of China even though the interest rate spread has narrowed, bank chairman Xiao Gang said.
    2007-08-23 12:21:24

  • Faith community pushes for interest rate cap on payday lenders (WRIC 8 News Richmond)

    Associated Press - August 23, 2007 5:05 PM ET RICHMOND, Va. (AP) - Some in the faith community are calling on legislators to support a 36% annual interest rate cap on payday lenders.
    2007-08-23 09:15:38

  • Faith community pushes for interest rate cap on payday lenders (WDBJ 7 Roanoke)

    RICHMOND, Va. (AP) - Some in the faith community are calling on legislators to support a 36% annual interest rate cap on payday lenders. The campaign seeks to involve churches of every denomination.
    2007-08-23 09:15:48

  • Wary BOJ leaves interest rate untouched (The Japan Times)

    The Bank of Japan Policy Board agreed Thursday to keep its benchmark interest rate at 0.5 percent as the U.S. subprime mortgage crisis earlier this month added to uncertainties over the Japanese... Read more ...
    2007-08-23 11:48:58

  • Interest rate hikes an effective economic tool (China Daily)

    For the fourth time this year, the People's Bank of China, the central bank, raised interests rates on Wednesday. The interest rate on bank deposits was raised by 27 basis points, and the lending rate by 18 basis points.
    2007-08-24 03:44:55

  • Wallick & Volk Opens 3 New Branches

    Forbes - CHEYENNE, Wyo., Aug. 23 /PRNewswire/ -- As other mortgage companies are closing their doors, Wallick & Volk is opening new ones. We are excited to announce the opening of new branches in Scottsdale, AZ, Glendale, AZ and El Centro, CA. Wallick & Volk ...
    2007-08-23 04:45:00

  • State reviews title insurance

    St. Petersburg Times - The slump in the housing market and a skyrocketing number of mortgage fraud cases have forced many title companies to cut staff. While rates have gone up, they argued, costs have doubled. "It's not just a search process," said John Dwyer, vice ...
    2007-08-24 04:05:00

  • Lehman Shuts Unit; Toll of Lenders Tops 100: Subprime Scorecard

    Bloomberg - Aug. 23 (Bloomberg) -- Lehman Brothers Holdings Inc.'s shutdown of its subprime lending unit helped push the tally of mortgage companies that have halted operations or sought buyers since the start of 2006 to at least 100. Lehman became the first of ...
    2007-08-23 12:53:00

  • Subprime Crisis Makes It Maddening to Sell a House

    NPR News - Maybe the mortgage companies created this monster. I don't know," Wilson says. "But it's going to be this way for a while." Despite the difficulties facing sellers here, Ken Fears, an economist at the National Association of Realtors says that ...
    2007-08-24 02:46:00

  • A Predictive Dialer Saves the Mortgage Industry Slowdown

    TMCnet - In today's highly competitive and uncertain mortgage industry, it's important for companies to not only focus on customer needs, but also, to increase the rate and efficiency of their calling as a way of driving more chances for a sale. By brining ...
    2007-08-23 06:18:00

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