Mortgage and Financial News From 2007-10-31 Page 25
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SUBSIDIZING DISASTER
New York Post - Congress and the Bush administration are vying with each other to come up with a solution to the housing crisis, brought on by widespread defaults on home-mortgage loans - especially defaults by those who took out risky "subprime" loans. Why were ...
2007-10-31 12:23:00 -
Blessing for family Oakland County
Detroit Free Press - ... Orion home foreclosed. Oakland County Executive L. Brooks Patterson, who is dealing with his own tragedy, wants to ease some of the family's pain. He's mobilizing friends and business owners to give them some help in the form of a new home, mortgage ...
2007-10-31 12:02:00 -
Missing girl's parents dip into search fund to make mortgage payments (KRGV-TV Texas)
LONDON (AP) - Madeleine McCann's parents used a fund established to help search for the missing girl to make mortgage payments on their home, a family spokesman said Tuesday.
2007-10-30 11:01:42 -
Funds for search used to pay mortgage on McCanns’ house (Times Online)
Gerry and Kate McCann have used money from the Find Madeleine fund to pay the mortgage instalments on their home.
2007-10-30 07:47:32 -
Find Madeleine fund was used to pay mortgage of parents' home (International Herald Tribune)
The parents of Madeleine McCann used a fund that was established to help search for the missing girl to make mortgage payments on their home, a family spokesman said Tuesday.
2007-10-30 09:57:47 -
Currency: Kiwi on downward trend
New Zealand Herald - The aussie has been supported by a rally in commodity prices and expectations that the RBA will raise interest rates by 25 basis points next week from the current 6.50 per cent. "The aussie is likely to extend gains due to its yield advantages against ...
2007-10-30 09:46:00 -
PNB says rates, bad loans trimmed margins
Reuters India - ... central bank has increased its short-term lending rate five times since mid-2006 to tame inflation, but analysts predict it may leave rates unchanged in its policy review on Tuesday. "In the current environment, higher pressure on net interest margin ...
2007-10-29 07:00:00 -
Dollar hits new lows on economic data
Miami Herald - Federal Reserve to cut its key interest rate from its current level of 4.75 percent Wednesday - adding to an unexpectedly bold half-point cut last month. Although lower interest rates can jump-start an economy, they can weaken a currency as investors ...
2007-10-30 02:44:00 -
Reserve Bank of India Acts To Tame Rupee's Rise
Forbes - India’s central bank on Tuesday lifted lenders’ required cash reserve ratios by 50 basis points to 7.5% in a bid to siphon excess liquidity from the system, but it left key interest rates unchanged in its midterm policy review. “At the current ...
2007-10-30 08:31:00 -
The Dollar Gets Pounded
Forbes - The main driver was a statement by Kate Barker, an influential member of Bank of England's monetary committee which decides interest rates, that the current situation represented a slowdown in the economy rather than a serious crisis. Her comments ...
2007-10-30 10:26:00 -
KL bourse ends morning trade easier
Business Times Malaysia - Investors are likely to remain on the sidelines in anticipation of the US Federal Reserve cutting interest rates at its meeting due tonight, one of the dealers said. He said the market is expected to trade within the 1,400-1,410 range today. A local ...
2007-10-30 09:32:00 -
Pound hits quarter-century high against dollar
Houston Chronicle - Federal Reserve to cut its interest rates from their current level of 4.75 percent on Wednesday — adding to an unexpectedly bold half-point cut last month. Although lower interest rates can jump-start an economy, they can weaken a currency as ...
2007-10-30 03:55:00 -
Data adds to interest rate rise chances
News.com.au - A FLURRY of strong economic data has added to the case for the Reserve Bank of Australia (RBA) to raise interest rates next ... People have to keep in mind that the current interest rate hikes are of different nature to the past hikes. The past hikes ...
2007-10-30 08:06:00 -
India May Raise Lenders' Reserve Limit as U.S. Plans Rate Cut
Bloomberg - India's biggest banks including ICICI Bank Ltd. yesterday said interest rates will remain at current levels after the central bank's monetary policy action. ``From now until the end of the year, one won't see any reduction in the interest rates ...
2007-10-30 04:38:00 -
PSBs may cut deposit rates
Economic Times - Already, there have been some tempering of demand with the current interest rates, especially on the auto side. Incidentally, with rates going up, banks are also witnessing an increase in delinquencies other than a fall in demand. Bankers are ...
2007-10-30 08:42:00