Mortgage and Financial News From 2008-10-5 Page 8
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Pressured to Take More Risk, Fannie Hit a Tipping Point (The Hendersonville Times-News)
A decision, made under pressure from Congress and investors, to steer Fannie Mae into dangerous corners of the mortgage market proved to be disastrous.
2008-10-05 06:08:54 -
Struggling borrowers face brick wall on loan workouts (Pleasanton Tri-Valley Herald)
Bernie Kellman can afford his home, but he needs help reworking a bum loan. He's not getting that help, and he's not alone. Sickening economy spurs finance clinic | Foreclosure victims may lose voting rights if they don't re-register
2008-10-05 06:38:53 -
Many pieces go flying from mortgage implosion (Dallas Morning News)
WASHINGTON – Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor – let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the good, the bad and the scary are bundled together.
2008-10-05 06:42:59 -
Nationwide plays down acquisition rumours (icWales)
Nationwide today played down rumours that it was circling other lenders in the building societies sector.
2008-10-05 06:59:39 -
Ag lending thrives amid financial turmoil (Modesto Bee)
As of August, just two of Yosemite Farm Credit's roughly 3,200 borrowers were delinquent on their payments.
2008-10-05 07:06:35 -
Amlak Finance Third-Quarter Profit Nearly Triples on Mortgages (Bloomberg)
Oct. 5 (Bloomberg) -- Amlak Finance PJSC 's third-quarter profit almost tripled on higher Islamic property financing and investments by the United Arab Emirates' biggest mortgage lender by market value.
2008-10-05 07:56:29 -
CHRONOLOGY - Financial mayhem strikes global markets (Reuters via Yahoo! UK & Ireland News)
(Reuters) - Here is a chronology of a month of global market turmoil which has claimed some of the world's best known financial institutions as victims.
2008-10-05 08:11:00 -
Citigroup Says Court Orders Continued Wachovia Talks (Update2) (Bloomberg)
Oct. 5 (Bloomberg) -- Citigroup Inc. said a New York state court judge extended the bank's sole right to negotiate with Wachovia Corp. after Wells Fargo & Co. launched a competing bid for the North Carolina lender.
2008-10-05 09:41:44 -
Rate cut 'still likely' in October - News.com.au
Market turmoil could prompt another rate cut in October RBA cut official interest rates this month, by 25 basis points In-depth : The latest interest rates news and features THE current turmoil in world financial markets has increased the chance of a ...
2008-09-16 03:17:00 -
CBI authorizes rise in bank interest rates - Presstv
In a move to lower the rate of inflation, the Central Bank of Iran will allow banks to raise their interest rates above the current ones. "Based on the new directive, banks can pay more interest to customers than the announced [Central Bank] rates ...
2008-09-16 10:48:00 -
China's central bank reduces credit interest rate, reserve requirement ... - Xinhua News Agency
BEIJING, Sept. 15 (Xinhua) -- China's central bank said on Monday it would reduce the benchmark loan interest rate and the reserve requirement ratio for commercial banks to ensure a steady and rapid economic growth. The benchmark interest rate for ...
2008-09-14 05:57:00 -
Inflation, interest rates hit car loans - Hindustan Times
Rising interest rates appear to have applied the brakes on car loans with banks reporting sharp drop in fresh disbursals during the current year. But bankers expect an early turnaround month amidst expectations that the first tranche of pay ...
2008-09-10 05:54:00 -
BOJ on Guard Over Markets, Keeps Rates on Hold - CNBC
Bank of Japan said it was on guard against unstable markets on Wednesday, as it left interest rates unchanged in a "sluggish" Japanese economy in its first policy review since the bankruptcy of U.S. investment bank Lehman Brothers . The decision to ...
2008-09-16 05:54:00 -
US inflation fall paves way for interest rate cut - Guardian Unlimited
US inflation fell for the first time in two years last month thanks to falling oil prices , something which analysts said could enable the US Federal Reserve to cut interest rates this evening in response to the global market turmoil. US consumer ...
2008-09-15 05:56:00 -
UPDATE 2-UK won't tell BoE to cut interest rates - Darling - Reuters
LONDON, Oct 5 (Reuters) - The British government will not put pressure on the Bank of England to cut interest rates but is prepared to take big steps to stem the financial crisis, Finance Minister Alistair Darling said on Sunday. Darling said he was ...
2008-10-05 04:53:00