Mortgage and Financial News From 2007-9-1 Page 18

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  • Bush to announce sub-prime plan

    BBC News - US President George W Bush is expected to set out plans to help millions of homeowners with sub-prime mortgages avoid ... It has also cut the interest rate at which it lends to banks. "It's pretty important because Bernanke's going to talk about ...
    2007-08-31 02:19:00
  • Will Small Biz Suffer From The Credit Crunch?

    Forbes - Interest rates have inched up too, but not by much. Small-business loans track the prime rate--the rate at which banks make loans to their most credit-worthy commercial customers. In January, small businesses with solid credit could borrow at a 1.0 ...
    2007-08-31 11:31:00
  • Highlights of Ben Bernanke's speech

    BBC Business - With many of these (recent sub-prime) borrowers facing their first interest rate resets in coming quarters, and with softness in house prices expected to continue to impede refinancing, delinquencies among this class of mortgages are likely to rise ...
    2007-08-31 04:07:00
  • Subprime fallout throws doubt on rate hike

    Worldnews.com - Rates point up despite dollar Canada Dot Com Canadian wage and housing inflation pressures were rising in advance of this month's eruption of the financial market turmoil, suggesting any interest rate relief from the Bank of Canada will be temporary. ... ...
    2007-08-31 07:27:00
  • Borrowing underclass in a fix

    Times Online - Compared with A&L’s 5.59 per cent two-year fixed rate for borrowers with clean records, the sub-prime rate starts ... cheap balance transfer rather than take it off the bill for any purchases, which will continue to rack up interest at a higher rate.
    2007-08-31 09:22:00
  • Expect rate rise in November, bank warns

    News.com.au - Another interest rate rise would be a massive blow to Prime Minister John Howard's Government chances of being returned to power, and why there has been speculation he would call an election for either October 20 or October 27 to avoid the November 6 ...
    2007-08-31 05:01:00
  • US inflation lower than expected

    BBC News - With banks and other financial institutions unwilling to lend money until the full extent of the sub-prime slump is known, the interest they charge on loans in general has increased. A rate cut from the Fed would give them both the scope and the ...
    2007-08-31 07:20:00
  • Fed chief walks the tightrope with interest rates

    Times Online - ... Chairman, signalled yesterday that the US central bank was ready to cut interest ... The Fed Chairman noted that the problems in the sub-prime mortgage market in the ... But, given firm expectations in financial markets for a rate cut at that meeting ...
    2007-08-31 10:33:00
  • Bush to outline sub-prime mortgage plan (News Interactive)

    US President George W. Bush will propose reforms today intended to help homeowners with sub-prime mortgages avoid default, his first public step to address a crisis that has created turmoil in financial markets around the world.
    2007-08-31 05:12:00
  • Expect rate rise in November, bank warns (Adelaide Now)

    US investment bank JP Morgan has created a method for predicting when Australia's central bank will move interest rates, and forecasts another hike in November.
    2007-08-31 04:53:00
  • US inflation lower than expected (BBC News)

    The Federal Reserve's preferred inflation guide grows less than expected in July, raising the chance of an interest rate cut.
    2007-08-31 03:35:59
  • Aso to Seek to Become Japan Prime Minister After Abe (Update1) (Bloomberg.com)

    Aug. 31 (Bloomberg) -- Taro Aso, secretary general of Japan's ruling Liberal Democratic Party, said he will seek to become prime minister after Shinzo Abe.
    2007-08-31 11:05:11
  • Fed chief walks the tightrope with interest rates (Times Online)

    Ben Bernanke, the Federal Reserve Chairman, signalled yesterday that the US central bank was ready to cut interest rates if necessary to counter the risk of an economic slump stemming from this summer’s turmoil in global financial markets.
    2007-08-31 11:02:28
  • Credit Fear Due To Keep Rate Steady (Sky News via Yahoo! UK & Ireland Finance)

    Home owners are expected to get a reprieve this month with the interest rate staying on hold amid new evidence that households are struggling to keep up with debt.
    2007-08-31 07:59:23
  • Fed Chief Vows to Protect the Economy

    Forbes - ... Bernanke said policymakers will pay especially close attention to the "timeliest indicators" as well as information ... element of Bush's plan would allow homeowners with a good credit history, but who cannot afford their mortgage payments, to refinance ...
    2007-08-31 11:16:00