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

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  • Markets fall could prompt rate cut (The Scotsman: Business)

    CENTRAL banks will come under pressure this week to keep a lid on interest rates, and possibly go for an early cut in US borrowing costs, if the current lending crisis continues.
    2007-08-20 12:11:14
  • Stock futures are narrowly higher (AP via Yahoo! News)

    Stock futures were higher Monday as investors tried to assess whether the Federal Reserve will keep lowering interest rates.
    2007-08-20 11:44:28
  • Stock futures are narrowly mixed (AP via Yahoo! News)

    Stock futures were narrowly mixed Monday as investors tried to assess whether the Federal Reserve will keep lowering interest rates.
    2007-08-20 01:25:44
  • Stocks waver as uncertainty remains (AP via Yahoo! News)

    Wall Street wavered Monday, fluctuating between gains and losses as investors tried to assess whether the Federal Reserve will keep lowering interest rates.
    2007-08-20 04:10:23
  • Economic Outlook: Battered investors look to Fed for rates decision (Financial Times)

    Market sentiment remains extremely fragile and further volatility appears the only certainty for bruised and battered investors who are wondering if the Federal Reserve will follow its efforts to improve liquidity conditions with an early cut in interest rates.
    2007-08-19 05:27:13
  • Stocks Waver As Interest Rate Uncertainty Remains (CBS 2 Los Angeles)

    Wall Street wavered in early trading Monday as investors tried to assess whether the Federal Reserve will keep lowering interest rates. The Fed is not scheduled to meet formally until Sept. 18, and investors are expected to remain jittery until then.
    2007-08-20 01:59:00
  • A Closer Look At Fed Rates and the U.S. Markets (Seeking Alpha via Yahoo! Finance)

    Richard Shaw submits: There has been much talk about Federal Reserve policy and rates this past week and about their value and impact on the stock and bond markets. This article is intended to clarify and illustrate some of the terms and current conditions.
    2007-08-20 11:55:45
  • At Least Interest Rates Hikes Are Slowing Down (Seeking Alpha via Yahoo! Finance)

    Larry MacDonald submits: One good thing about the current financial panic is the likely postponement, and possible reversal, of interest rate hikes. The Bank of Canada was expected to raise its rate in September but that now looks like a no show.
    2007-08-20 10:00:58
  • Stocks cling to gains amid more mortgage woes

    Marketwatch - Thornburg, a residential-mortgage lender focused on jumbo adjustable-rate loans, will report a third-quarter capital loss of ... climbed 6% up after the home improvement retailer reported second-quarter net income increased 9% from a year earlier to $1 ...
    2007-08-20 02:32:00
  • Tempus Comment: Mortgage mystery

    Times Online - Figures released today by the Council of Mortgage Lenders (CML) and the Building Societies Association (BSA) are perplexingly ... How long such behaviour lasts is open to question. But it suggests that followers of home loan data should pay greater heed ...
    2007-08-20 01:35:00
  • Fannie Mae Profit Down 36 Percent

    US News and World Report - ... Thursday that its profit dropped 36 percent in 2006 and said it expects higher delinquencies and credit losses this year from the turbulence in the mortgage market. The government-sponsored company, which finances or guarantees one of every five home ...
    2007-08-20 12:38:00
  • Countrywide starts laying off staff in move to weather a credit crunch ...

    Forbes - Countrywide, the biggest U.S. home-mortgage lender in terms of loan volume, announced on Thursday it had borrowed 11.5 bln usd. tf.TFN-Europe_newsdesk@thomson.com am COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying ...
    2007-08-20 11:33:00
  • Clifton Park mortgage lender closes its doors

    Worldnews.com - American Home Mortgage files for bankruptcy protection Colorado Springs Gazette NEW YORK - American Home Mortgage Investment Corp. filed for bankruptcy protection Monday, and two other mortgage lenders said they are not accepting new applications, signs ...
    2007-08-20 04:03:00
  • Epiq Systems Retained on Significant Settlements and Claims

    MSN MoneyCentral - The company has also witnessed increased activity among potential future corporate restructuring clients and has been retained to provide administrative services for the recently filed American Home Mortgage, Aegis Mortgage Corporation and Quaker ...
    2007-08-20 03:15:00
  • UK sub-prime market tightens up

    BBC Business - Would-be home owners with bad credit histories are finding it increasingly hard to get mortgages, as lenders tighten their loan conditions. At least seven UK sub-prime lenders have raised their interest rates or withdrawn their mortgage ranges. It ...
    2007-08-20 12:45:00