Mortgage and Financial News From 2007-8-25 Page 7

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  • Mortgage ads show no sign of credit woes (Boston Globe)

    On aol.com this week, the Internet-based loan company Lending Tree offered "bad credit options" and a $425,000 loan for only $1,376 a month. Countrywide Financial Corp. , the largest US lender, declared "Bad Credit? Call Today. Refinance or Tap into Your Home's Equity" in an online ad from its Full Spectrum Lending Division.
    2007-08-25 09:29:32

  • Fed rate cut may not work so well this time

    Irish Examiner - Its fear was it did not know the extent of its liability to the sub-prime market where the ... sign of that strategy being unleashed and last week’s decision to cut the wholesale rate for money suggests the Fed may be less inclined to slash interest ...
    2007-08-25 01:05:00

  • Musharraf Urges Reconciliation as Sharif Plans Return (Update1)

    Bloomberg - ... Pakistan's President Pervez Musharraf called for political reconciliation after the Supreme Court said former Prime Minister ... India's Inflation Rate Remains Below Central Bank Target for Tenth Week Shares in India Rise on Speculation Ruling ...
    2007-08-24 12:55:00

  • Credit slip-up could cause big rate hikes

    Kane County Chronicle - Although rates are influenced by several factors, particularly the Federal Reserve’s prime rate, companies ... Credit card rate averages as of August 23 Low interest – 11.41 percent Balance transfer – 11.41 Bad credit – 12.81 Cash back – 13.13
    2007-08-25 07:31:00

  • Greek Forest Fires Kill at Least 37; Nation's Deadliest Blazes

    Bloomberg - Prime Minister Kostas Karamanlis, who faces a general election Sept. 16, left Athens late yesterday to visit the affected areas. High temperatures and strong gales contributed to the spread of 176 blazes across the country in the last two ...
    2007-08-25 07:46:00

  • Good news on fixed rates

    EDP 24 - ... financial adviser to check out the best deal based on the total cost.” Despite the five interest rate ... ratings priced out of the housing market altogether. Meanwhile, mainstream banks lending to 'prime' customers are able to offer reduced fixed-rate ...
    2007-08-25 10:45:00

  • Fed cuts discount rate by 1 half-percentage point

    Wave 3 - The move to cut the discount rate will not have a major impact on consumer interest rates in the way that cutting the federal funds rate triggers an immediate drop in banks' prime lending rate, the benchmark for millions of consumer and business loans
    2007-08-25 03:35:00

  • Market needs some rules to avoid meltdowns

    Owen Sound Sun Times - After Wall Street went into a tailspin because of problems with sub-prime ... the house-buying frenzy of recent years, unscrupulous brokers handed out low interest ... failed to document applicants' claims of income and they promoted adjustable rate ...
    2007-08-25 11:49:00

  • MAKING CENTS - Borrowing from your 401(k) not the best solution

    Patriot Ledger - The interest rate when borrowing from a 401(k) is typically on the low side, often a couple percentage points above prime rate. Granted, the above are attractive elements, but let’s take a look at the downside of borrowing from a 401(k) unless it ...
    2007-08-25 10:09:00

  • Fed Moves To Stabilize Market With Half-Point Cut In Loan Discount Rate (The Morning News)

    WASHINGTON (AP) -- The Federal Reserve approved a half-percentage point cut in its discount rate on loans to banks Friday, a dramatic move designed to stabilize financial markets roiled by a widening credit crisis.
    2007-08-25 09:34:41

  • Japan Housewives May Judge Killers as Lawyers Condemn Hangings

    Bloomberg - There is an obvious inconsistency when a state invokes public opinion on the one hand, while on the other hand deliberately withholding relevant information on the use of the death penalty from the public,'' the UN Commission on Human Rights said in ...
    2007-08-23 12:53:00

  • A triple shot of JAVA?

    San Jose Mercury News - Under the accord with the Internet Society of China, an offshoot of the government's information industry ... lowest point since late May, making it that much easier for would-be home buyers and people eager to refinance. Freddie Mac, the mortgage ...
    2007-08-23 12:53:00

  • Editors erred in not publishing photos

    Seattle Post Intelligencer - Computer models fail because the information is often incomplete and contaminated ... staff wonder where your news sources come from? Ron Kasprisin Langley MORTGAGE ... These people would buy a house with no money down, refinance it in six months and ...
    2007-08-24 12:59:00

  • Article Explores Pullback in Investor Risk Appetite

    Forbes - The securitized mortgage market has experienced the greatest investor pullback ... Up until a couple of months ago, companies were able to refinance with unfettered ... Ratings information can also be found on Standard & Poor's public Web site at www ...
    2007-08-24 05:27:00

  • RFMSI, a (InfoBolsa)

    24/08/2007 19:09:00 Business Wire US4448591028 Fitch Ratings has assigned the following ratings to Residential Funding Mortgage Securities I, Inc.
    2007-08-24 07:22:43

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