Mortgage and Financial News From 2008-1-8 Page 37

RSS Feed

Previous Day: 2008-01-07

Return to the mortgage news archive home.

  • '08 Detroit Winter Blast theme: 'It's Cool to be Cold' (Detroit Free Press)

    When Mayor Kwame Kilpatrick asked his kids this morning what he should say about Detroit's Winter Blast, they started like most kids would, talking about the festival's giant snow slide.
    2008-01-08 11:55:14
  • (AFX UK Focus) 2008-01-08 19:33 GMT: Fannie Mae CEO says no current need to expand portfolio caps UPDATE (Interactive Investor)

    (Updates with more details)
    2008-01-08 11:56:40
  • Housing market will sap economy through '09, official says (Atlanta Journal-Constitution)

    The housing market will weaken through 2009, with a turnaround unlikely until 2010, the chief executive of mortgage finance company Fannie Mae said Tuesday. Fannie Mae CEO Daniel Mudd said the mortgage crisis and its effect on the housing market will be a drag on the entire U.S. economy, and he urged lawmakers and lenders to pursue "the most generous means possible" to help out borrowers facing ...
    2008-01-08 11:56:46
  • Boston Fed president downbeat about housing market going forward (Boston Business Journal)

    If housing prices and the rate of transactions continue to decline at the rate projected by many experts, the country faces "a longer string of back-to-back quarters of declining residential investment than at any other time in the past 50 years," new Federal Reserve Bank of Boston President Eric S. Rosengren told a business group in Connecticut Tuesday.
    2008-01-08 11:59:29
  • ECB main refi average rate 4.22 pct; marginal rate 4.20; awards 151 ...

    CNBC - FRANKFURT (Thomson Financial) - The European Central Bank said the weighted average interest rate on accepted bids at todays main refinancing operation rose to 4.22 pct from 4.21 pct last week. The marginal rate -- the lowest rate at which bids were ...
    2008-01-08 02:55:00
  • Yen Declines as Bank of Japan Is Seen Delaying Rate Increase

    Bloomberg - Jan. 8 (Bloomberg) -- The yen fell against the 16 most- active currencies as signs of easing in credit markets prompted investors to purchase higher-yielding assets and on speculation the Bank of Japan will delay raising interest rates. The yen ...
    2008-01-08 05:40:00
  • ANZ rapped for rate hike

    News.com.au - The Treasurer emerged from a meeting with top officials from his own department, the Reserve Bank and banking regulator the Australian Prudential Regulation Authority in Brisbane yesterday to say ANZ's 0.2 percentage-point interest rate rise on ...
    2008-01-08 09:07:00
  • Housing and retail data muddy rate outlook

    MSN UK News - LONDON (Reuters) - Mixed signals on house prices and retail sales on Tuesday did little to alter the view that interest rates have further to fall, but the big question is whether policymakers will make that move this week. A survey from mortgage ...
    2008-01-08 07:49:00
  • UBS Lowers Dollar Forecast on Speculation of Bigger Rate Cuts

    Bloomberg - Jan. 8 (Bloomberg) -- UBS AG, the world's second-largest currency trader, lowered its one-month dollar forecast against the euro for the second time since November on speculation U.S. interest rates will be cut by as much as half a percentage point ...
    2008-01-08 08:32:00
  • ECB expected to hold interest rates steady despite looming inflation

    MSN UK News - The British and European central banks face conflicting pressures from worries about growth and the threat of rising inflation as they make interest-rate decisions Thursday. Economists expect the ECB to leave its key rate unchanged, while the Bank of ...
    2008-01-08 10:26:00
  • European Bonds Fall as Yields Seen Too Low for ECB Rate Outlook

    Bloomberg - Jan. 8 (Bloomberg) -- European government bonds fell for a second day on speculation gains that pushed two-year yields to the lowest in a month were exaggerated as accelerating inflation limits the scope for interest-rate cuts in the region. Two-year ...
    2008-01-08 09:15:00
  • Fed's Plosser Says Economy Might Need More Rate Cuts (Update2)

    Bloomberg - Jan. 8 (Bloomberg) -- Federal Reserve Bank of Philadelphia President Charles Plosser said further interest-rate cuts may be needed should the outlook for U.S. economic growth become ``substantially weaker'' than already projected. ``A substantially ...
    2008-01-08 07:27:00
  • Lender Lead Solutions Introduces Fixed Rate HECM Reverse Mortgage

    Forbes - Lender Lead Solutions, a comprehensive reverse mortgage services company, today introduced its first fixed rate HECM product. The new product offers the assurance of a fixed interest rate for the life of the loan and expands Lender Lead Solutions ...
    2008-01-08 09:22:00
  • Fed's Plosser Open to Rate Cuts

    Forbes - Despite his persistent concerns about inflation, a hawkish U.S. central banker said Tuesday he is open to further interest-rate reductions. "Somebody asked me the other day, was I open to rate cuts, further rate cuts in the future," Charles Plosser ...
    2008-01-08 09:22:00
  • WRAPUP 1-Fed opposites join forces to hint at rate cuts

    Forbes - CHICAGO (Reuters) - Federal Reserve officials from opposite ends of the ideological spectrum had a similar message Tuesday -- that further interest rate cuts could lie ahead given risks to economic growth in the United States. "The economy is going ...
    2008-01-08 10:19:00