Mortgage and Financial News From 2007-8-20 Page 01

RSS Feed

Previous Day: 2007-08-19

Return to the mortgage news archive home.

  • Labour's Money Woes May Keep Brown From Quick Vote (Update1)

    Bloomberg - ... the ground just as Labour's membership has fallen to its lowest ... Yields Plunge Most Since 1987 on View Fed Will Reduce Rates Stocks in U.S. Decline on Concern Fed Discount-Rate Cut Won't Stem Losses
    2007-08-20 06:14:00
  • Homebuilders Rise After Federal Reserve Cuts Rate (Update2)

    Bloomberg - The move may ease the turmoil in the mortgage market and make it easier for consumers to obtain mortgages. ... on a closing rally in banks and securities firms amid speculation that the Federal Reserve would cut interest rates ...
    2007-08-17 12:53:00
  • Calm slowly returns in wake of Fed

    Washington Post - Treasury yields sank to the lowest since December 2004, reflecting high anxiety and a propensity for safety. "Things have ... Senate's Banking, Housing and Urban Affairs Committee, said banks would increase their mortgage rates in the coming weeks ...
    2007-08-20 05:10:00
  • U.S. blue chips rise as global indexes rebound

    MSN UK News - ... had fallen sharply in recent weeks as problems in the risky U.S. subprime mortgage ... Treasury bill plunged earlier to the lowest level since December 2004. "People will ... government debt as traders positioned for an imminent cut in U.S. benchmark rates. ...
    2007-08-20 09:13:00
  • Polo, Packed Bars, Shrink Keep Party Going in Anxious Hamptons

    Bloomberg - I've never seen a crisis like this,'' he said, referring to the fallout from subprime mortgage losses, not his tennis game. Jenny Baker, co-owner of Sangha Yoga studio in Montauk, said there's been no slowdown in her business. She said ...
    2007-08-20 07:40:00
  • US rates stabilise market

    News.com.au - ... of $US0.8004 and a low of low of $US0.7676 reached early Friday night - its lowest ... of liquidity in credit markets amid negative fallout from the US sub-prime mortgage ... Welcome lift: Aussie market opens higher Aussie dollar up: US rates stabilise ...
    2007-08-20 03:12:00
  • Financials pressure stock markets; rates on 3-month US bills slide

    Thunder Bay Chronicle-Journal - ... paper market was rocked last week by a credit squeeze that originated in the U.S. subprime mortgage ... Treasury bills fell in Monday’s auction, with rates on three-month bills sliding to the lowest level in more than two years as investors fled ...
    2007-08-20 08:45:00
  • Rates fall on short-term T-bills

    Buffalo News - Interest rates on short-term Treasury bills fell in Monday's auction, with rates on three-month bills sliding to the lowest level in more than ... It's all in the details Mortgage mess mostly skips WNY Part 1: Buffalo's ballpark is a hit ‘Children Come ...
    2007-08-20 05:24:00
  • Deutsche Bank Traders Lose EU100 Million, Person Says (Update1)

    Bloomberg - It may have generated 200 million euros of revenue in both the first and second quarters from betting that U.S. mortgage markets would fall, according to estimates by ABN Amro analyst Kinner Lakhani. ``To drop 100 million euros, in the ...
    2007-08-20 08:52:00
  • Fukui Will Keep Pushing for Higher Rates, Defying Abe (Update2)

    Bloomberg - Still, the 71-year-old Fukui, now in the final months of his term, remains determined to secure his legacy of ``normalizing'' monetary policy by raising the lowest borrowing costs in the industrialized world. ``If Fukui can't raise rates ...
    2007-08-19 12:58:00
  • Global Markets Emerging Markets Earnings Watch

    Marketwatch - SAN FRANCISCO (MarketWatch) -- Thornburg Mortgage Inc. said on Monday that it lost roughly $930 million selling billions of dollars worth of AAA rated mortgage securities, while reducing borrowing and unwinding interest-rate hedges. Thornburg shares ...
    2007-08-20 08:38:00
  • Lowe's Profit Exceeds Estimates on Market-Share Gains (Update7)

    Bloomberg - Rising mortgage rates and stricter rules for borrowers with poor credit histories may extend the worst housing slump in 16 years and further slow economic growth. July's new-home sales will be reported Aug. 24. The construction slump shows ...
    2007-08-20 09:13:00
  • Wilting in a Market Meltdown With Fears of a Recession (US News & World Report)

    The subprime mortgage mess that roiled the nation's credit market is now threatening one of the longest uninterrupted bull runs in stocks. Investors are waiting for the next domino to fall, as government officials warned last week that the housing-related financial crisis is likely to slow U.S. economic growth.
    2007-08-20 02:16:18
  • Thornburg Sells Securities to Revive Home Lending (Update4) (Bloomberg.com)

    Aug. 20 (Bloomberg) -- Thornburg Mortgage Inc., the jumbo- mortgage specialist that stopped taking loan applications last week because of a cash crunch, sold $20.5 billion of securities at a discount to pay down debt it couldn't refinance.
    2007-08-20 09:14:57
  • Financials pressure stock markets; rates on 3-month US bills slide (CP via Yahoo! Canada News)

    TORONTO (CP) - The Toronto stock market gave up an early strong start to move firmly into negative territory Monday afternoon as concerns of a widening credit crunch pushed financial stocks lower amid a move by one of the Canadian chartered banks to help ease liquidity pressures.
    2007-08-20 06:56:00