Mortgage and Financial News From 2007-12-5 Page 8

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  • Stocks surge on gloomy data and expectations of cut in rates (The Herald)

    The City celebrated news of fresh economic gloom by sending the FTSE-100 skyrocketing 178.6 points yesterday, as big bets were placed on the likelihood that the Bank of England will today hack a quarter-point off interest rates.
    2007-12-05 04:15:29
  • BoE pressured to cut rates to avoid recession (Daily Telegraph)

    The Bank of England is under intense pressure to cut interest rates after experts warned the UK could be heading for recession.
    2007-12-05 06:04:26
  • Sewer Pipes

    Forbes - ... 20% cut of profits, they also collect a closing fee, an average 3.5% of each deal, which they liken to points on a mortgage ... Meantime, though, hedge funds can value those PIPE warrants and options pretty much any way they want and calculate their net ...
    2007-12-01 03:57:00
  • The Taxman Barely Cometh

    BusinessWeek - ... of corporate tax simplification advocated by Rangel, BusinessWeek asked data tracking outfit Capital IQ ( MHP ) to calculate ... It’s just like investing but without the risk! Mortgage Rates at 5.125% Fixed   Rate Alert - Fed Fund Rates Drop Again. Get ...
    2007-12-02 03:56:00
  • Ga. economy at greater risk of recession, experts say

    Atlanta Journal Constitution - Calculate 5% of 46 trillion and you get 2.3 trillion US$ a year. But 2.3 trillion is above the total profits of the US ... If you have a family of 5people with a mortgage,car note, car insurance, all utility bills, daycare,grocery bill, gas for ...
    2007-12-05 03:46:00
  • EBay's Shrewd New Japanese Move (BusinessWeek)

    The online auctioneer's tie-up with Yahoo Japan is less a comeback than an attempt to tap into Japan without starting from scratch
    2007-12-05 11:31:35
  • Calculating the damage done by Crisp & Cole (Salon.com)

    A reporter for the Bakersfield Californian provides additional details
    2007-12-05 05:43:38
  • President Bush plan for credit crunch victims

    Daily Telegraph - ... the Bush administration working hand-in-hand with the mortgage industry, will essentially freeze interest rates on certain sub-prime ... focus of the plan will be freezing the rates, aimed at those with adjustable-rate mortgages whose interest rate is ...
    2007-12-05 04:14:00
  • UK banks hit hard as investors lose faith

    Daily Telegraph - ... sell-off yesterday amid fears of rising borrowing costs and escalating sub-prime ... bank lending rates continued to unsettle investors, with the three-month rate ... Bankers are keen for the Bank of England to cut interest rates on Thursday from the ...
    2007-12-05 01:51:00
  • Presidential candidate queries Goldman actions

    Times Online - ... has threatened an investigation into whether Goldman Sachs underwrote bonds backed by high-risk sub-prime ... Mr Paulson is now spearheading an attempt to prop up the mortgage industry by freezing interest rates on some “adjustable rate” home loans.
    2007-12-05 01:58:00
  • UPDATE 1-Group proposes subprime mortgage framework-document

    Reuters - The outline by the American Securitization Forum focuses on subprime adjustable rate residential mortgages with starter interest rates of three ... The aid might extend beyond subprime loans to prime and Alt-A loans, the document states. The proposal ...
    2007-12-05 03:31:00
  • US regulators, lenders may opt for five-year freeze on subprime rate

    Economic Times - WASHINGTON: Federal regulators and US lenders are focusing on five years as the duration of an interest-rate freeze on subprime mortgages, said a person familiar with negotiations aimed at fending off a jump in foreclosures. Such an agreement would ...
    2007-12-05 11:28:00
  • US interest rate decision complicated by improved jobs figures

    The Independent - Two Fed interest rate cuts since September may also be propping up activity, economists said. The figure of 189,000 was stronger ... With spiralling losses on US sub-prime mortgages and related investments, banks' balance sheets are under pressure, and ...
    2007-12-05 04:36:00
  • Sen. Clinton says Wall St must share blame for subprime

    Boston Globe - Clinton called on Wall Street and the mortgage industry to support voluntarily her proposals to freeze for at least five years the monthly interest rate on subprime mortgages, which are extended to borrowers with spotty credit. She also urged them ...
    2007-12-05 03:24:00
  • Bush seen outlining 5-year rate freeze plan

    International Herald Tribune - A third group of borrowers who have shown that they are a 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 rate freeze. Other existing borrowers ...
    2007-12-05 01:30:00