Mortgage and Financial News From 2008-2-27 Page 10

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  • Zardari, Sharif stake claim to power

    NDTV - Rate the Story ... A day after former Pakistan Prime Minister Nawaz Sharif said he would support a ... Our only interest is Pakistan and a democratic Pakistan.
    2008-02-27 08:22:00

  • Interest rates: News and predictions

    This is Money - Hopes of a rapid string of interest-rate cuts seemed to be dashed as soaring food and petrol prices pushed inflation higher in ... The sub-prime type of buyer, the less cautious (and more at risk to reposession) are still buying.
    2008-02-27 08:30:00

  • SBBJ cuts rate on car loans by up to 1.5%

    Financial Express - Under the category of loans with a repayment period of 3 years, advances below Rs 7 lakh would attract an annual interest rate 1.5 per cent lower than the benchmark prime lending rate at 11.50 per cent, the bank said.
    2008-02-26 12:38:00

  • UPDATE 2-Fannie Mae posts worse-than-expected $3.6 bln loss

    Forbes - ... underwriting standards and a speculative frenzy have filtered into even prime ... loss on derivative contracts used to hedge its investment portfolio as interest rates ... The company also said it expects a higher rate of homeowners to fall behind on ...
    2008-02-27 07:25:00

  • Digest: Moussaoui: Secrecy undercut my case

    Baltimore Sun - The rate of TB patients infected with the drug-resistant strain topped 20 percent ... Turkish Prime Minister Recep Tayyip Erdogan said the operation would only end ... keeping their fledgling Web site going despite massive - and anticipated - interest.
    2008-02-27 02:32:00

  • Malaysia Keeps Key Rate on Hold, Citing Strong Domestic Demand

    Bloomberg - Feb. 25 (Bloomberg) -- Malaysia's central bank kept its benchmark interest rate unchanged for a 15th straight meeting as ... Malaysia's Prime Minister Abdullah Ahmad Badawi, who is seeking a fresh mandate for his ruling coalition in March 8 ...
    2008-02-25 02:27:00

  • Lenders Freezing Some Home Equity Loans

    CBS News - As they experience increased defaults on sub-prime mortgages, credit cards and other loans, many banks are scrambling to ... That would lock in the interest rate on both loans to a new, fixed rate, at current rates, which are quite low.
    2008-02-27 07:39:00

  • Fannie Mae hit by housing gloom

    BBC Business - It has little exposure to sub-prime loans, those given to borrowers on patchy credit or on low incomes, which are at ... later privatised, but are still known as government-sponsored enterprises and are still able to borrow at a lower rate of interest ...
    2008-02-27 08:58:00

  • Emerging markets place Ashmore in prime position

    Times Online - Emerging markets place Ashmore in prime position ... bulk of its stake in Elementis early last year, the City appeared to lose interest in ... per cent at the earnings per share level because of the company’s low tax rate.
    2008-02-26 04:52:00

  • Mortgage interest rates go up again

    New Zealand Herald - Changes in world credit markets since the US "sub-prime" crisis last year have led to a sustained increase in the cost of ... Banks' fixed-mortgage rates are generally priced from the interest rate swaps market where rates have again been on the rise in ...
    2008-02-27 08:22:00

  • Swedish rate hike "a shock" - prime minister

    Guardian Unlimited - LONDON, Feb 26 (Reuters) - The Swedish central bank's decision to raise interest rates this month was :somewhat of a shock," the ccountry's Prime Minister Fredrik Reinfeldt said on Tuesday. Sweden's central bank raised its key interest rate to 4.25 ...
    2008-02-26 11:23:00

  • Foreclosures in Michigan decline

    Detroit News - The Federal Reserve has cut its most important prime interest rate 2.25 percentage points since the beginning of 2007. Also, the pool of Michigan homeowners at risk of losing their houses simply got smaller as the number of foreclosures climbed.
    2008-02-27 07:18:00

  • Polish Zloty Gains After Central Bank Raises Key Lending Rate

    Bloomberg - ... Poland's zloty advanced to near a six-year high against the euro after the central bank raised its main interest rate for the ... The Slovak koruna was unchanged versus the euro at 32.814 after Prime Minister Robert Fico said central bank policy ...
    2008-02-27 09:27:00

  • Malaysia's IOI Properties plans rights issue

    Reuters - The proceeds would be used to refinance bank borrowings and to buy some land at Sentosa Cove, Singapore, it added. IOI Properties also plans to split each share into two, to help attract more investors and raise the stock's liquidity.
    2008-02-24 03:57:00

  • Forestalling foreclosure

    Grand Rapids Press - They ended up not being able to refinance, which is what they should have done before the first reset hit." The NIC offers the only free, go-to-bat-for-you foreclosure counseling service in Muskegon County, and the workload isn't likely to subside soon
    2008-02-27 07:32:00

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