Mortgage and Financial News From 2007-8-27 Page 16

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  • Australia non-conforming housing delinquencies to stay high - Moody's

    CNBC - While non-conforming loans are the nearest thing in Australia to sub-prime loans, it is evident that Australian borrowers are not experiencing the stress seen in the US," Serov said. "And even though interest rate rises are undoubtedly putting some ...
    2007-08-27 05:49:00
  • Federal Reserve Interest Rate U-Turn: Aberration or Panic?

    Arab News - In simple terms, the few rotten sub-prime mortgage apples were beginning to affect the good ones. The hope is that by lowering the discount rate — the interest rate the Fed charges to banks who come to its so called “discount window “ to borrow ...
    2007-08-27 07:58:00
  • ECB interest rate rises a possibility despite US crisis fears

    Stockhouse Canada - By Vincent Landon in Berlin All the latest data out of Germany points to the underlying strength of the economy despite fears over the US sub-prime mortgage crisis. The figures have left investors deeply divided over whether the European Central Bank ...
    2007-08-27 06:10:00
  • Crisis? What crisis? (The Register)

    Will the credit storm soak the tech channel Analysis Unless you live in a bunker, you will have noticed the sub-prime credit crisis that has sucker-punched the US, pushing interest rates down, weakening the dollar and battering stocks and shares worldwide.…
    2007-08-27 06:08:43
  • Low doc loan delinquencies 'at record levels' (Stuff)

    Delinquencies in the Australian non-conforming home loan sector are at record high levels and are likely to increase as a result of an interest rate rise in August, a global ratings agency says.
    2007-08-27 03:25:14
  • Return of Risk Dooms the Dollar (Daily FX)

    $ Return of Risk Dooms the Dollar € Euro – Hike or No Hike? ¥ Yen Loses Momentum as Carry Comes Back ₤ British Pound Recoups Losses As Growth, Rate Outlook Improves ₣ Swiss Franc Falls Back On Data As Carry Traders Lose Interest C$ Canadian Dollar Could Gain Despite GDP Slowdown AU$ Will Australian Data Help Further AUD/USD Gains?
    2007-08-27 06:12:04
  • Delinquencies from low-doc loans hit record (Daily Telegraph)

    DELINQUENCIES in the Australian non-conforming home loan sector are at record high levels and are likely to increase as a result of an interest rate rise in August, a global ratings agency says.
    2007-08-27 02:58:00
  • Aussie low doc loan defaults at record levels (Sydney Morning Herald)

    Delinquencies in the Australian non-conforming home loan market are at record high levels and are likely to increase as a result of an interest rate rise earlier this month, a global ratings agency says.
    2007-08-27 04:59:17
  • Return of Risk Dooms the Dollar (Daily FX via Yahoo! Finance)

    $ Return of Risk Dooms the Dollar € Euro - Hike or No Hike? Â¥ Yen Loses Momentum as Carry Comes Back ? British Pound Recoups Losses As Growth, Rate Outlook Improves ? Swiss Franc Falls Back On Data As Carry Traders Lose Interest C$ Canadian Dollar Could Gain Despite GDP Slowdown AU$ Will Australian Data Help Further AUD/USD Gains?
    2007-08-27 05:54:58
  • As Bernanke Retreats to Wyoming, Critics Ask Is He Prime Time (Bloomberg.com)

    Aug. 27 (Bloomberg) -- Ben S. Bernanke's critics from Washington to Wall Street are starting to ask whether the Federal Reserve chairman is ready for a prime-time crisis.
    2007-08-27 03:00:02
  • Mortgage assistance available (The Post-Standard)

    If you're behind on your mortgage, "nothing is worse than doing nothing," according to the state Consumer Protection Board, so it has begun an outreach campaign to help homeowners avoid foreclosure.
    2007-08-27 04:04:40
  • Home loans online

    New Zealand Herald - The website Fundit launched this morning, marketing itself as an "online mortgage marketplace". The site pitches home loan lenders directly against each other in live web-based auctions to offer the best deals for prospective customers. Fundit's ...
    2007-08-27 03:40:00
  • Mortgage loans still available

    Richmond Register - During the financial uncertainties of the early 1980s, a brokerage firm hired the actor John Houseman to do a television commercial. After reciting a list of disturbing headlines, Houseman would ask, “Is the world going to end tomorrow?” Then he ...
    2007-08-25 12:58:00
  • SKorean shares close up but off highs as chip makers retreat

    Forbes - US new home sales for July beat expectations Friday and players will be anxious to see how the existing market performed against the backdrop of the US subprime mortgage loans crisis. The KOSPI index closed up 11.7 points or 0.7 percent at 1,803.03 ...
    2007-08-27 06:53:00
  • Butterfield Bank offers ‘special’ mortgage rates

    Caymen Net News - Qualifying customers will benefit from rates offered at 0.5 percent per annum below normal rates for home loans for the first 12 months of their mortgage, meaning that will start as low as ‘Prime’, Butterfield Bank (Cayman) announced last week ...
    2007-08-27 06:25:00