Mortgage and Financial News From 2007-11-6 Page 17

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  • Dollar Falls to Record Low Against Euro; Fed May Cut Rates

    Bloomberg - Nov. 6 (Bloomberg) -- The dollar fell to a record low against the euro on speculation financial-company losses from U.S. subprime-mortgage defaults will grow, prompting the Federal Reserve to cut interest rates for a third time this year. The U.S ...
    2007-11-06 09:10:00
  • RBA feels mortgage pressure (Daily Telegraph)

    KEY members of the Reserve Bank will be among those who will feel the pinch if interest rates are raised, as half of the board members have home loans.
    2007-11-05 06:00:00
  • A Slip, Or A Slump?

    Hartford Courant - The 2,386 total was the lowest number in September since 1992, when the state ... The September decline in sales happened despite interest rates that were flat or ... There are obvious problems in the mortgage industry. However, subprime borrowers do ...
    2007-11-06 08:28:00
  • U.S. Notes Little Changed; Kroszner Says Delinquencies May Rise

    Bloomberg - Two-year yields were near the lowest since July 2005 as traders bet credit-market losses tied to mortgage defaults will slow economic growth and lead the Fed to cut interest rates for a third time this year. The Treasury Department is scheduled to ...
    2007-11-04 03:54:00
  • Sinking stocks knock pound from a high against dollar

    International Herald Tribune - The FTSE 100 index slipped as much as 1.7 percent to its lowest level in two weeks, led by declines in banks. The mortgage lender Alliance & Leicester fell ... carry trades, where investors borrow the yen or Swiss franc at their low interest rates and ...
    2007-11-06 03:48:00
  • U.S. Treasury notes change little despite lingering economic turmoil

    Buffalo News - Two-year yields were near the lowest since July 2005 as traders bet credit-market losses tied to mortgage defaults will slow economic growth and lead the Fed to cut interest rates for a third time this year. The Treasury Department is scheduled to ...
    2007-11-06 03:34:00
  • All the right moves: Profit in 2008

    CNN Money - Focus instead on what's really important: getting the lowest price. Do a little ... If your mortgage exceeds that amount, it's considered a jumbo, and your interest rate ... Roll that entire $300,000 into a 30-year fixed-rate loan at today's rates and your ...
    2007-11-06 05:57:00
  • 2008 outlook: Credit and savings

    CNN Money - So whether you're looking for a mortgage, a home-equity line of credit or even an ... from your employer). And you'll need a higher credit score to get the lowest ... or even go down a bit next year, in keeping with other short-term interest rates ...
    2007-11-06 05:57:00
  • Citigroup's woes reverberate widely

    Chicago Tribune - ... dropped $1.83, or nearly 5 percent, to $35.90, the lowest level in more than four years. Bank officials said they were unable to promise that losses linked to subprime mortgage ... Interest rates fell at the weekly auctions of 3- and 6-month ...
    2007-11-06 03:27:00
  • British Pound Gains Versus Dollar on Interest-Rate Differential

    Bloomberg - ... against the dollar on speculation the Bank of England will keep interest rates on ... Japan's 0.5 percent main rate is the lowest of industrialized countries ... before commercial banks publish their full losses from the U.S. subprime mortgage ...
    2007-11-06 03:56:00
  • Bonds Stage Retreat, but Headline Risk Remains

    CNBC - ... investors to step back from the heavy buying that had dunked yields to their lowest ... markets amid the fallout from a credit squeeze that spread outward from the mortgage ... possibility that this crisis could keep the Federal Reserve cutting interest rates ...
    2007-11-06 05:29:00
  • Gold Reaches 27-Year High on Dollar, Oil Records; Silver Gains

    Bloomberg - The dollar fell to $1.457 against the euro, the lowest ever, on speculation losses related to U.S. subprime-mortgage defaults will prompt the Federal Reserve to reduce interest rates for a third time this year. Gold gained 23 percent last ...
    2007-11-06 08:13:00
  • IndyMac Drenched by Losses

    Street.Com - Also, due to widening spreads in the secondary markets for mortgage-backed securities, IndyMac took a loss of $167.2 million on the sale of loans that were not eligible to be sold to Fannie Mae or Freddie Mac, which hurt earnings by $1.39 a share. ...
    2007-11-06 07:45:00
  • CapitalSource Reports Third Quarter 2007 Results

    MSN MoneyCentral - Senior secured loans (1) $5,456,046 51% $5,365,139 54% $4,276,534 56% First mortgage loans (1) 3,057,652 29 2,864,815 29 2,556,621 34 Subordinate loans (1) 1,115,772 10 ...
    2007-11-06 03:05:00
  • Subpar Scorecard: How credit, housing have hit earnings

    Wall Street Journal - IndyMac Bancorp Financial 11/06/2007 "[D]eteriorating mortgage delinquencies and a declining housing market, combined with an unprecedented collapse in the secondary market for non-GSE loans and securities" led to loss for the quarter. Company ...
    2007-11-06 07:23:00