Mortgage and Financial News From 2007-9-21 Page 17

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  • Lender makes good on some tax bills

    Baltimore Sun - More than 65 homeowners in Baltimore City and Frederick County who were facing the possibility of having to pay their property tax bill twice can breathe easy. Both jurisdictions received certified checks yesterday from American Home Mortgage ...
    2007-09-21 12:21:00

  • Financial stocks rattle the market's confidence

    International Herald Tribune - Other mortgage banks declined. HBOS, the largest home lender in Britain, and Bradford & Bingley, the biggest lender to British landlords, both dropped. Downgrade hurts Ericsson Ericsson declined 1.18 kronor to 25.82 kronor after Cheuvreux lowered its ...
    2007-09-21 02:37:00

  • Macquarie Boosts Mortgage-Backed Bond Sale by 67% (Update3)

    Bloomberg - The yield margin is more than double the premium Macquarie paid when it last sold mortgage-backed bonds in June as rising defaults on U.S. home loans ... Members Equity Bank Ltd., a Melbourne-based lender owned by pension funds, last month scrapped a ...
    2007-09-21 02:58:00

  • Dollar Falls to Record Versus Euro, 31-Year Low Versus Canadian

    Bloomberg - ... senior economist and currency analyst at Mizuho Research Institute in Tokyo, a unit of Japan's second- largest lender by ... Bernanke told lawmakers yesterday that the central bank is ``actively working'' to avoid a repeat of the subprime-mortgage rout
    2007-09-20 11:52:00

  • Pacman-owned home entering foreclosure (The Tennessean)

    A Nashville home titled to suspended Titans cornerback Pacman Jones and two others is in the process of being foreclosed on by the lender, but his attorney said Jones is not in financial trouble.
    2007-09-21 12:07:19

  • Tighter credit squeezing U.S. economic growth, survey shows; jobless ...

    NWI.com - NEW YORK | Strained by a tight credit market, the nation's economy should stumble along at a slower pace in coming months, but it may find help from lower interest rates and possible employment gains. The Conference Board said Thursday its index of ...
    2007-09-20 09:58:00

  • Asian stocks close higher

    DAWN Group - HONG KONG, Sept 20: Asian stocks closed higher on Thursday with investors extending a rally sparked after the United States Federal Reserve slashed interest rates earlier in the week. However, gains were milder than those notched-up immediately after ...
    2007-09-20 10:55:00

  • Not everyone stands to benefit from Fed rate cut

    Chicago Tribune - ... decline more, said Greg McBride, senior financial analyst for Bankrate.com, which tracks rates. A month ago, the average rate on a five-year CD ... The Fed does not directly control interest rates that consumers pay, so some of the rates go down ...
    2007-09-21 03:27:00

  • Housing flood in Germany pours cold water on prices

    Times Online - Despite the latest half-point cut in US interest rates, the American housing market still has to digest months of oversupply from speculative developers, he said. Irish homes enjoyed inflation on average of only 0.9 per cent over the same period, but ...
    2007-09-20 12:25:00

  • Share market opens lower on US lead

    The Australian - US stocks fell overnight as rising oil prices and a falling dollar rekindled concerns about inflation and snapped a two-day rally sparked by the Federal Reserve's bold cut in interest rates. The Dow Jones industrial average fell 48.86 points to 13 ...
    2007-09-20 11:31:00

  • Groups intervene in Alliant's proposed coal power plant

    Sioux City Journal - The groups also contend that the plant will increase electrical rates and displace energy that could be coming from ... The interveners are represented by attorneys Carrie La Seur and Jana Linderman of Plains Justice, a public interest ...
    2007-09-20 11:09:00

  • A country whose stock is on the rise

    Ottawa Citizen - By 1991, the dollar had climbed back above 89 cents, but it was fuelled not so much by economic performance as by high interest rates that drew foreign investors. A global recession soon followed and the dollar started back down the precipice ...
    2007-09-21 12:14:00

  • China moves to tame rising inflation

    Economic Times - The government has raised interest rates repeatedly and imposed investment curbs to cool the boom. But its efforts have had little effect on an economy that is undergoing capitalist-style reform and sometimes fails to respond to tools used in ...
    2007-09-21 12:35:00

  • Re hovers near 9-year high

    Economic Times - A half percentage point cut in US interest rates has widened India's rate premium to 300 basis points – it’s highest in three years and another attraction for foreign investors. Foreigners bought $608.6 million worth of Indian shares on ...
    2007-09-21 12:35:00

  • Euro takes the high ground as greenback slides

    The Australian - The US dollar had already weakened significantly against the euro and other currencies through this week after the Federal Reserve cut interest rates by 50 basis points to 4.75 per cent on Tuesday. But as soon as the euro touched $US1.40, it surged ...
    2007-09-21 12:49:00

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