Mortgage and Financial News From 2007-8-20 Page 7

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  • UPDATE 1-US lawmaker sets credit, mortgage hearing Sept. 5

    Reuters - Treasury Department to testify at a hearing on Sept. 5 that will examine the current crises in the credit and mortgage ... loans, which were made to borrowers with poor credit histories, have roiled the mortgage industry as higher interest rates ...
    2007-08-20 04:34:00
  • UK July gross mortgage lending hits new July record-high of 34.4 bln stg - CML (Sharewatch)

    LONDON (Thomson Financial) - Gross mortgage lending in the UK reached a new record level for the month of July despite the Bank of England's series of interest rate rises, the Council of Mortgage Lenders said today.
    2007-08-20 08:40:08
  • Luminent Mortgage Capital, Inc. and Arco Capital Corporation Enter into Letter of Intent (PR Newswire via Yahoo! Finance)

    Luminent Mortgage Capital Inc. and Arco Capital Corporation Ltd. , a holding company engaged in lending and acquisition activities managed out of San Juan, Puerto Rico, today announced that Luminent and Arco have entered into a Letter of Intent outlining current and proposed transactions intended to address Luminent's current liquidity issues that arose due to unanticipated disruptions in ...
    2007-08-20 11:30:00
  • Luminent Mortgage Capital, Inc. and Arco Capital Corporation Enter into Letter of Intent (FinanzNachrichten)

    SAN FRANCISCO, Aug. 20 /PRNewswire-FirstCall/ -- Luminent Mortgage Capital Inc. ( Nachrichten ) ("Luminent" or the "Company") and Arco Capital Corporation Ltd. ("Arco"), a holding company engaged in lending and acquisition activities managed out of San Juan, Puerto Rico, today announced that Luminent and Arco have entered into a Letter of Intent outlining current and proposed transactions ...
    2007-08-20 11:43:21
  • Terry McCrann

    News.com.au - ... at low interest rates ... annual current account deficit. That's to say, having to find another way to attract sufficient foreign investment. How? That's a complicated question. But ultimately it would probably mean some higher Aussie interest rates or ...
    2007-08-20 03:01:00
  • Bank of Japan to inject 1.0 trln yen into banking system as rates rise ...

    FXStreet.com - TOKYO (Thomson Financial) - The Bank of Japan said on Monday it will inject 1.0 trillion yen into the banking system in a bid to curb a rise in short-term interest rates due to increased demand for new funds. This is the third straight working day ...
    2007-08-20 01:04:00
  • Stocks rise as investors try to assess whether Fed will lower rates

    Thunder Bay Chronicle-Journal - As a result, the bank says, the clients will no longer have any exposure to the current market for ABCP while having ... The Bank of Japan injected one trillion yen ($8.8 billion) into money markets hoping to curb rises in key interest rates - the ...
    2007-08-20 02:11:00
  • Hair Shirts, Humbug and Fighting the Fed.

    CNBC - Alan Greenspan has in the past demonstrated that a sell-off in markets could be halted by cutting interest rates – but is a ... As Tavadian pointed out, the Fed must be focused on growth foremost – and if growth is put at risk by this current ...
    2007-08-20 01:28:00
  • A big day, but doubts remain

    News.com.au - He said the Fed would, however, be reluctant to slice interest rates generally until it became clear the pain from the mortgage ... Financial giant Citigroup said the "stage is set for a cut" by the Fed at its meeting on September 18 from its current ...
    2007-08-20 03:01:00
  • U.K July PSNCR At Minus GBP13.1 Bln, Public Sector Current Budget ...

    RTT News - The government also proposed to increase interest rates by 1 percentage point up to limit of S$60,000 for pension savings. The current interest rate is between 2.5% and 4%. This was expected to benefit lower-income workers who make up about half of ...
    2007-08-20 08:42:00
  • Nuclear energy of vital national interest: PM (Lead)

    Monsters and Critics - ... Singh Monday urged all political parties to 'appreciate the vital national interest ... the total domestic production by Indian companies is less than one third of current ... Each time our utilities have to raise rates and our oil companies have to raise ...
    2007-08-20 02:04:00
  • The rattled financial markets

    DAWN Group - ... said: “This unexpectedly big dip to just below the Bank’s target rate is good news and means that, especially with the current uncertainty in financial markets, the (BoE’s) Monetary Policy Committee (MPC) should sit tight on interest rates for ...
    2007-08-20 03:23:00
  • Continental CFO says no risk to VDO purchase from credit market crisis

    Forbes - FRANKFURT (Thomson Financial) - Continental AG CFO Alan Hippe said the higher debt financing costs that might result from current global credit squeeze do not endanger the company's planned acquisition of Siemens ' VDO unit. 'If interest rates rise ...
    2007-08-20 01:07:00
  • Stock Futures Are Narrowly Mixed As Investors Assess Fed Action On ...

    CBS News - ... futures were narrowly mixed Monday as investors tried to assess whether the Federal Reserve will keep lowering interest rates. ... The company said it will open 40 new stores during the current quarter, and believes sales will rise 6 percent for the ...
    2007-08-20 03:15:00
  • Where to be if the Fed cuts interest rates

    Stockhouse Canada - The current state of the market has many looking back to the financial meltdowns of 1987 and 1998 for past lessons, but both the global credit situation and investor confidence are facing somewhat unprecedented tests. The U.S. Federal Reserve's move ...
    2007-08-20 12:31:00