Mortgage and Financial News From 2007-12-18 Page 2

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  • UK Inflation Below Forecasts in Nov.

    CNBC - ... forecast a rise and giving the Bank of England more scope to cut interest rates ... The annual rate of inflation for electricity and gas was the lowest since records ... RPIx, the measure which excludes mortgage payments, also rose unexpectedly to 3.2 ...
    2007-12-18 04:39:00

  • Canadian dollar rebounds to end flat, bonds rise

    Forbes - ... has since fallen back below parity as the Bank of Canada has cut interest rates ... could lose ground if the U.S. economy takes a bigger hit from the subprime mortgage ... rate, closely watched by the Bank of Canada, slowed to 1.6 percent, its lowest ...
    2007-12-18 02:54:00

  • B.C. has Canada's lowest inflation rate

    Vancouver Sun - VANCOUVER - British Columbia can boast the country's lowest inflation rate of 1.3 ... cent for the 12 months through November, fuelled by higher gas prices and mortgage ... This increases the likelihood that the Bank of Canada will lower interest rates by ...
    2007-12-18 12:53:00

  • TREASURIES-Bonds mixed as cenbank moves curb safety bid

    Forbes - ... lending market would reduce the need for further cuts in official interest rates. ... The crisis began with rising mortgage defaults, but quickly spread to the complex ... Building permits fell to their lowest rate since 1993. (Additional reporting by ...
    2007-12-18 03:09:00

  • Treasurys rally as ECB boosts liquidity

    CNN Money - ... worried that banks, which have been hurt by their exposure to below prime mortgage ... The ECB move caused a decline in many short-term euro-based lending rates, another ... for one-family homes dropped 5.4 percent to an annual rate of 829,000, the lowest ...
    2007-12-18 01:36:00

  • Toronto logs late-session losses as New York holds to central bank ...

    Edmonton Sun - RATES ... excluding energy and food, fell to 1.6 per cent - well below the Bank of Canada's two per cent target and the lowest since ...
    2007-12-18 01:21:00

  • Fed targets mortgage abuse

    Straits Times - ... Reserve proposed tough new rules on Tuesday in a broad crackdown on abusive mortgage ... help struggling homeowners refinance subprime loans or freeze the interest rates ... per cent in November, partly as single-family home building dropped to its lowest ...
    2007-12-18 06:08:00

  • Stocks head higher amid recession worries

    MSNBC - ... data showing that new home construction dropped in November to its lowest rate in ... over the past week since the Fed’s decision last Tuesday to lower interest rates ... Goldman’s profit boosted by mortgage trades
    2007-12-18 12:17:00

  • Fed Tightens Loan Rules After Failing to Stem Subprime Crisis

    Bloomberg - ... separately this month negotiated a freeze of up to five years on some subprime mortgage rates. Housing figures yesterday indicated the industry's slump will extend into next year. Permits for building new homes slumped to the lowest in 14 ...
    2007-12-18 10:33:00

  • Treasuries Little Changed Before Mortgage Applications Index

    Bloomberg - Treasuries Little Changed Before Mortgage Applications Index By Wes Goodman Dec. 19 ... starts fell 3.7 percent in November and building permits declined to the lowest in ... Ten-year yields were 93 basis points more than two-year rates. The gap was 1.05 ...
    2007-12-18 09:28:00

  • Home sales in Southland plunge 43%

    Los Angeles Times - Law believes that many recent home buyer overextended themselves with mortgages they can no longer afford as lower introductory rates reset to higher levels. "How many people can really afford a $500,000 mortgage?" Law asked. "Not many." Law said he ...
    2007-12-18 10:04:00

  • Fed to clamp down on mortgage abuse (The Australian)

    THE US central bank has proposed tough new rules in a broad crackdown on abusive mortgage lending practices.
    2007-12-18 05:00:00

  • Fed targets mortgage abuse as housing woes mount (TODAYonline)

    A foreclosed house is for sale in Los Angeles. The Federal Reserve proposed tough new rules Tuesday in a broad crackdown on abusive mortgage lending practices almost two years into one of America's worst housing downturns in decades.
    2007-12-18 12:34:56

  • Fed Unveils Home Mortgage Rules (Washington Post)

    The Federal Reserve today unveiled home mortgage rules meant to curtail the subprime lending practices that have roiled the global financial system as European banks moved again to smooth credit markets and calm investors.
    2007-12-18 04:11:02

  • Fed finally shuts barn door (USATODAY.com via Yahoo! News)

    Two pieces of housing news from the government on Tuesday: (1) Construction of single-family homes plunged last month to the lowest level in more than 16 years. (2) The Federal Reserve unveiled a plan to police the mortgage lending industry.
    2007-12-18 09:21:00

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