Mortgage and Financial News From 2007-8-24 Page 9

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  • Marshall’s earnings up

    Sunday Times South Africa - The recent increases in the prime interest rate do not appear to have had any effect on selling prices and it is still proving difficult for the group to acquire additional properties at suitable yields. Available cash and bank facilities in place for ...
    2007-08-24 09:56:00

  • Sub-prime saga, worst maybe yet to come

    Nine MSN - ... these adjustable rate mortgages - which typically carried an artificially low interest rate for a period of two years before a higher rate was to be applied - surged in 2005, meaning 2007 was always going to be the annus horribilis for the sub-prime ...
    2007-08-24 03:01:00

  • Banks Borrow More From Federal Reserve

    US News and World Report - This important interest rate has ... is the rate of interest that banks charge each other on overnight loans and is the central bank's main lever to influence economic activity. A cut in the funds rate would cause commercial banks to lower their prime ...
    2007-08-24 10:10:00

  • Warner's Call for Troop Withdrawal Met by Plea for Patience

    Bloomberg - Warner spoke shortly after National Intelligence Director Mike McConnell released an assessment that said the government of Iraqi Prime Minister Nuri al-Maliki's government will become ``more precarious'' in the next six to 12 months and that the ...
    2007-08-24 08:23:00

  • Mortgages much harder to get

    Dallas Morning News - ... they can document and enough money to put 10 percent down are still apt to get funding at a reasonable interest rate, mortgage brokers say. (Bankrate.com, a Web site that provides loan information, on Thursday quoted a prime rate ...
    2007-08-24 11:22:00

  • Sarkozy Proposes Tax Cuts to Spur Economic Growth (Update3)

    Bloomberg - She told reporters that she and Prime Minister Francois Fillon will meet lenders next week to ensure they don't tighten credit standards too much following the market declines. Lagarde also said the European Central Bank should take into ...
    2007-08-24 12:33:00

  • Ford chief steers for an interest rate cut in US

    Edinburgh News - Ford chief steers for an interest rate cut in US THE chief executive of car manufacturing giant Ford has made a veiled call for an ... Mr Mulally's comments come as the chief executive of one of the biggest victims of the US sub-prime home loan debacle ...
    2007-08-24 11:14:00

  • Recession fears raise pressure for US rate cut

    Times Online - ... largest mortgage lender, predicted no improvement in the country's housing market, particularly in the sub-prime sector. ... The Fed will continue to wave a cautionary flag about inflation but the chances of any interest-rate increases are small More... ...
    2007-08-24 12:05:00

  • Northern Rock ups sub-prime rates

    BBC News - The move comes as home repossessions in the UK surge, reflecting the effect of sharp interest rate rises. The bank said it was not at risk from sub-prime lending, as it passes those loans to an arm of Lehman Brothers. The Newcastle-based firm said ...
    2007-08-24 10:03:00

  • Sub-prime crisis will drag America into recession, says boss of ...

    Guardian Unlimited - Last month stock markets took fright as they began to calculate the effect of a housing slump with defaults on banks that bought repackaged sub-prime debts. Mr Gross said Fed interest rate cuts would fail to ease the burden on homeowners as lenders ...
    2007-08-24 08:15:00

  • (AFX UK Focus) 2007-08-24 07:05 GMT: Northern Rock shuts down sub-prime mortgages business - report (Interactive Investor)

    LONDON (Thomson Financial) - UK mortgage lender Northern Rock has closed down its sub-prime mortgage business by raising interest rates on the loans that it offers to borrowers with an impaired credit history, the Times reported.
    2007-08-24 06:35:48

  • Troubled Northern Rock stages retreat from sub-prime market (Times Online Sunday)

    Northern Rock has moved to shut down its UK sub-prime mortgage business by putting up interest rates on its fixed-rate loans and scrapping its range of trackers for borrowers with an impaired credit history.
    2007-08-23 10:16:57

  • Ford chief steers for an interest rate cut in US (Edinburgh Evening News)

    THE chief executive of car manufacturing giant Ford has made a veiled call for an interest rate cut in the United States.
    2007-08-24 11:53:55

  • Beef up your credit score, but don't overstuff it

    Marketwatch - Coverage of home buying and selling, housing prices, mortgage information and home improvement. • Better ARM disclosures on tap ... which it is advertised that the borrower pays no closing costs, appraisal and other costs associated with the refinance ...
    2007-08-23 11:04:00

  • Hines, DLF to Develop Office, Retail Project in India (Update1)

    Bloomberg - To date large amounts of office space for information- technology companies have been built and absorbed in Gurgaon, but ... Bank of America Bets $2 Billion on Countrywide, May Spur Mortgage Market London Home Buyers Delay Purchases on ...
    2007-08-23 09:24:00

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