Mortgage and Financial News From 2007-10-22 Page 11

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  • China's Growth May Exceed 11%, Adding Rate Pressure (Update1) (Bloomberg.com)

    Oct. 22 (Bloomberg) -- China's economy probably expanded more than 11 percent for a third straight quarter, raising the likelihood of more interest-rate increases to prevent a flood of export cash from fueling asset bubbles.
    2007-10-21 11:25:27

  • Barclays Reduces U.K. Rate Forecast, Predicts Two Cuts in 2008 (Bloomberg.com)

    Oct. 22 (Bloomberg) -- The Bank of England will cut its benchmark interest rate by half a percentage point next year as the recent credit-market rout restrains economic growth, Barclays Plc said.
    2007-10-22 12:31:51

  • (AFX UK Focus) 2007-10-22 18:41 GMT: Odds of an interest rate cut slips as stocks rebound (Interactive Investor)

    NEW YORK (Thomson Financial) - It is still more likely than not that the Federal Reserve will cut interest rates at next week's policy setting meeting, but the odds fell Monday as rebound in the equity market put pressure on prices of safe-haven U.S. Treasurys.
    2007-10-22 11:09:11

  • U.K. Pound May Fall Against Euro on Interest-Rate Differential (Bloomberg.com)

    Oct. 22 (Bloomberg) -- The pound may decline against the euro on speculation the Bank of England will cut interest rates to stave off an economic slowdown while the European Central Bank keeps borrowing costs unchanged.
    2007-10-21 11:47:02

  • Banks don't respond fully to BoT's move to cut policy interest rate (Business Day)

    BANGKOK, Oct 22 – Thai commercial banks remain reluctant to fully respond to the Bank of Thailand's decision to gradually decrease the policy interest rate, according to the central bank's report on inflation in October.
    2007-10-21 09:29:30

  • Two interest rate cuts predicted (Channel 4)

    Borrowers could be in line for a double interest rate cut by May despite better-than-expected economic growth this summer, experts said.
    2007-10-22 10:10:24

  • Q3 2007 Citigroup Inc. Earnings Conference Call - Final

    Insurance News Net - In contrast, delinquency rates in our second mortgage portfolio are at historically high levels. In part, our reserve action for our mortgage portfolio reflects the significant deterioration. Since the beginning of this year, we had added over 1,700 ...
    2007-10-22 10:57:00

  • Toll Hike Starts Monday (WMUR New Hampshire)

    HOOKSETT, N.H. -- It's getting a little more expensive to drive on New Hampshire's highways. Toll fees at six toll crossings went up at 12:01 a.m. Monday.
    2007-10-22 04:16:15

  • Are banks safer for loans? (The West Australian)

    Comments by a finance industry executive have sparked a furious debate in the industry about whether home loan borrowers would be better off playing safe and switching to a major bank to protect themselves against the fallout from the global credit crunch.
    2007-10-22 12:53:16

  • Emotions Not Factor In Cancer Survival (KMGH 7 Denver)

    A study finds that a good attitude doesn't really affect cancer survival rates.
    2007-10-22 07:10:28

  • 10/22/07: School Suspensions Reduced By New Program (WLKY Louisville)

    LOUISVILLE, Ky. -- Suspension rates at a several schools across the state have dropped. Officials attribute the decline to a program designed to better monitor how students behave.
    2007-10-22 07:02:50

  • House members press for licensing, new regulations for mortgage ...

    Forbes - WASHINGTON (Thomson Financial) - Key members of the House introduced legislation today that would require all mortgage ... in a way that violates these standards, and would expand consumer protections that take out high-cost loans under the Home ...
    2007-10-22 10:14:00

  • Dollar falls sharply from its high

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... concerns about U.S. growth and continued concerns about financial market fallout from the collapse of the subprime mortgage ...
    2007-10-22 10:35:00

  • Subprime Bailout: Taxpayer toll

    CNN Money - There is a bill that would amend the bankruptcy code to let judges reduce the value of a mortgage to the value of a home for Chapter 13 filers. That cost would be borne most directly by lenders. But lenders could price that risk into the price of ...
    2007-10-22 09:31:00

  • Bear Stearns, China's Citic to Invest in Each Other (Update4)

    Bloomberg - His company has fallen as much as 37 percent this year in New York trading, beset by the collapse of the U.S. subprime mortgage market. Surging defaults on loans to home buyers with poor credit histories pushed two of the firm's hedge funds into ...
    2007-10-22 10:43:00

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