Mortgage and Financial News From 2007-12-5 Page 19

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• OPEC Sends Oil Higher

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Government-sponsored mortgage investor Fannie Mae (nyse: FNM - news - people ) followed the lead of its sister ...
  2007-12-05 10:09:00

• Working It Out

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... The November employment data showed signs of stabilization in the troubled residential-construction and mortgage-lending sectors
  2007-12-05 10:09:00

• Puget Energy buyer completes $296M investment

  Seattle Times - The action follows similar moves recently by Freddie Mac, its smaller government-sponsored rival in the $11 trillion home-mortgage market, which posted a $2 billion loss in the third quarter. The company said Tuesday it believes the continuing turmoil ...
  2007-12-05 08:00:00

• Fairway Independent Mortgage Opens New Massachusetts Office

  Forbes - A home is the biggest investment most people will make and homeowners will always need strong professionals to provide high level mortgage advice. With Fairway's wide range of products and customer-first business principles, I anticipate that ...
  2007-12-05 10:02:00

• Fitch maintains Fannie's ratings

  CNBC - NEW YORK (AP) - Fitch Ratings maintained Fannie Mae's credit ratings on Wednesday after the mortgage financier cut its dividend and unveiled plans to sell $7 billion of a special class of stock. Fannie Mae, which buys home loans from mortgage lenders ...
  2007-12-05 07:53:00

• AP Business NewsBrief at 12:17 p.m. EST

  CNBC - The action follows similar moves recently by Freddie Mac, Fannie Mae's smaller government-sponsored competitor in the $11 trillion home-mortgage market. China to Tighten Monetary Policy in 2008 news://newsclip.ap.org/D8TB91TG0@news.ap.org BEIJING (AP ...
  2007-12-05 09:12:00

• Bush expected to announce freeze on mortgage rates

  Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... Bush expected to announce freeze on mortgage rates ... Please let us know if this reader’s comment breaks the editor's rules and is ...
  2007-12-05 10:16:00

• Home loan demand surges to over two-year high

  Reuters - NEW YORK (Reuters) - Mortgage applications surged last week to their highest in nearly 2-1/2 years as interest rates plunged, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage ...
  2007-12-05 09:19:00

• Asian Boom Facing New Pressures, Risks In 2008

  Forbes - ... landing, taking the Indian economy closer to its current trend growth rate, estimated at 8.5%,” he explained. The economy grew at 9.4% for the year ending in March, but the pace of growth slowed to 8.9% last quarter on tightening interest rates. ...
  2007-12-05 06:34:00

• Beijing hints at tighter monetary policy, signaling urgency on ...

  International Herald Tribune - To cool lending, the central bank has raised interest rates five times this year, bringing the benchmark rate on one-year loans to the current 7.29 percent. It has also raised banks' reserve requirements - reducing the amount available for lending ...
  2007-12-05 08:15:00

• Bush to outline 5-year rate freeze plan: sources

  Reuters - The plan is primarily aimed at borrowers who can afford their existing rates and who are current ... reasonable credit risk but who could not afford their homes with higher rates would qualify for "fast-tracked" loan modification and a five-year interest ...
  2007-12-05 09:33:00

• Credit crunch hits Europe financial services

  San Diego Union-Tribune - Markets have been clamouring for the Federal Reserve, which kicked off the current round of G7 easing, to cut interest rates again on Dec. 11. All 17 of the U.S. primary dealers polled on Friday expected a 25 basis point cut to 4.25 percent. ...
  2007-12-05 05:37:00

• Brazil Central Bank May Keep Rates Unchanged on Surge in Demand

  Bloomberg - The withering capital inflow would be topped by an ``inevitable deterioration'' of Brazil's current account, Marcelo ... inflows really dry up, the currency could weaken significantly, pushing inflation expectations up, forcing interest rates higher ...
  2007-12-05 03:28:00

• Economic indicators point to rates rise

  SABC - Concerns after that about the burgeoning current account deficit could serve to rekindle imported price pressures, and little respite from high interest rates could be the result. "Invariably, ailing companies are likely to start with retrenchments ...
  2007-12-05 08:43:00

• ECB to resist move to lower rates, at least for now

  San Diego Union-Tribune - FRANKFURT – The European Central Bank is expected to leave interest rates unchanged on Thursday and hold its firm ... As part of this approach we can expect Mr Trichet to stress that the current elevated inflation rates continue to be viewed as a 'hump ...
  2007-12-05 05:37:00

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