Mortgage and Financial News From 2007-8-27 Page 11

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  • NABE: Bad credit biggest risk to economy (AP via Yahoo! News)

    Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday.
    2007-08-27 11:54:31
  • Gimme shelter

    Economist.com - ... recent turmoil in the markets which, in part, owes its origins to rising mortgage ... economists reckon that 2m homeowners will default on their mortgages in the current ... Some of the highest foreclosure rates are in the potentially competitive south ...
    2007-08-27 11:18:00
  • China's CCB Reveals $1.06 Billion in Subprime Exposure

    CNBC - ... four state lenders, said it held US$1.062 billion worth of U.S. subprime mortgage ... listing of A shares to raise roughly US$7.3 billion based on the stock's current ... and wider interest margins, despite Beijing's moves to increase interest rates ...
    2007-08-27 04:51:00
  • The limits of fair value (Financial Times)

    Bad news is meant to travel fast, but for credit portfolios it has seeped out in a series of unedifying and reluctant disclosures. A year after US subprime mortgage delinquency rates began to rise, banks and funds are still confessing to losses.
    2007-08-27 12:23:22
  • Horse Flu Virus Spreads in Australia; Races Canceled (Update1)

    Bloomberg - Centrebet International Ltd., Australia's biggest online bookmaker, said the horse flu outbreak may cut its net income for the current year by about A$400,000. The Sydney-based company slumped 9 cents, or 4.7 percent, to A$1.81, capping their biggest ...
    2007-08-27 08:26:00
  • P R Ramesh l

    Economic Times - Do not run large current account deficits of 7%-8% of GDP. Many Asian countries ran big deficits for long periods. But ... Thailand’s banks in the mid-1990s borrowed massively from abroad at low interest rates to lend at higher rates locally. ...
    2007-08-27 12:01:00
  • TransAtlantic Petroleum Corp. Announces Farmout of Tselfat Permit in ...

    Earthtimes - ... have been made regarding, among other things, oil and gas prices remaining relatively consistent with their current ... availability of drilling and other well services, volatility of oil and gas prices, fluctuations in currency and interest rates ...
    2007-08-27 11:54:00
  • Bernanke gets mixed reviews for his handling of credit crunch

    International Herald Tribune - His defenders say Bernanke's decision to stop raising interest rates a year ago ultimately proved correct, and so will his ... work, which includes a study of the Fed's role during the Great Depression, equips him well to deal with the current ...
    2007-08-27 10:35:00
  • Risks of economic slow-down

    DAWN Group - Some banks which borrowed heavily to support their mortgage lending and became early victims of credit crunch are expecting the BoE to rationalise the interest rates in the context of the current market situation and save such banks from certain ...
    2007-08-27 03:26:00
  • Maria Scott: Bank returns look mighty interesting

    New Zealand Herald - But McPherson says that with interest rates likely to be near their peak in the current rate cycle, it is time to consider fixing for three to five years. Options would include government bonds, which have very high levels of creditworthiness, and ...
    2007-08-27 01:38:00
  • ABC Learning delivers record profit

    News.com.au - The company also reconfirmed its earnings per share (EPS) guidance of growth in excess of 20 per cent for the current financial year. ABC said exchange rates and climbing interest rates could have an impact on the 2008 performance. ABC said the full ...
    2007-08-26 11:58:00
  • Letter from Germany: When easy money leads down the garden path

    International Herald Tribune - Consider the human actions behind the current financial crisis. Historians will look back at innovations in financial risk ... risks that mortgage lenders in the United States provided home financing to people with bad credit histories, at interest rates ...
    2007-08-27 12:15:00
  • India business confidence down on rupee, rates: FICCI

    Economic Times - The rise in rupee and firm interest rates dented confidence of Indian businessmen during April-June and raised concerns on ... The current conditions index also declined to 65 points in June from 70.4 in March and 67.4 points a year ago. The ...
    2007-08-27 12:08:00
  • Bonds ease on Fed rate position

    CNN Money - ... CNNMoney.com) -- Bond prices eased Monday amid growing speculation that the Federal Reserve will not have to cut interest rates ... who will next meet Sept. 18, have resisted calls from Wall Street to cut the federal funds rate from its current level of ...
    2007-08-27 11:40:00
  • Bonds ease on Fed rate position (CNN Money)

    Bond prices eased Monday amid growing speculation that the Federal Reserve will not have to cut interest rates to deal with the recent credit market crisis before its September policy meeting.
    2007-08-27 12:02:01