Mortgage and Financial News From 2007-11-22 Page 9

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  • EU to tighten rules on mortgage lending

    Reuters UK - ... markets have illustrated the need for transparency in the mortgage funding business, particularly from the end investors' perspective," the document obtained by Reuters said. "The (European) Commission considers it essential that mortgage lenders lend ...
    2007-11-22 05:31:00
  • Lenders Promise To Stall High Mortgage Rates (Fox 6 News San Diego)

    Four major subprime lenders join forces with Governor Schwarzenegger to stop foreclosures.
    2007-11-21 10:02:49
  • Natixis Gets Bailout From Its Parents

    Forbes - The U.S. mortgage crisis came about at the end of a real estate boom that was born out of the Federal Reserve's low-interest-rate policy in the early years of this decade. Low rates on mortgages encouraged homebuyers, which led to a run-up in prices ...
    2007-11-22 10:03:00
  • Brazil's stocks, real edge higher on thin trading

    Reuters - Interest-rate futures on the BM&F commodities and futures exchange in Sao Paulo were mostly down. Iron ore miner CVRD (VALE5.SA: Quote , Profile , Research ) rose 0.23 percent to 48.71 reais, recovering in part from a 3.1 percent tumble the ...
    2007-11-22 10:03:00
  • Oil eases below $97 a barrel, weak dollar supports

    MSN MoneyCentral - The dollar hit a record low against the euro, the Swiss franc and a basket of currencies on Thursday, as the market anticipated that the Federal Reserve would deliver an interest rate cut next month. A mixed U.S. inventory report cut short oil's ...
    2007-11-22 10:39:00
  • Our readers rock the ING boat

    Daily Telegraph - We were even asked what difference in interest rate we would accept not to move our money. They must think we are fools." John Dixon of Aldwick, West Sussex, was another to be asked to suggest an acceptable rate. J?T Jones of Pembroke says ...
    2007-11-22 09:13:00
  • Market for auction-rate bonds remains opaque

    International Herald Tribune - Investors cannot get basic information about trading in their securities, like the interest rate. Qwest Communications International and Synaptics have not been able to sell the debt when they wanted to, regulatory filings show. Borrowing costs on ...
    2007-11-22 12:38:00
  • Gold firm above $800, investors drawn by weak dollar

    Reuters - The dollar hit a record low versus the euro, Swiss franc and a basket of major currencies as the market upped the ante on the Federal Reserve to deliver a interest rate cut next month. A cut in U.S. borrowing costs is seen heaping downward pressure on ...
    2007-11-22 08:30:00
  • FOREX-Dollar marks Thanksgiving with new record lows

    Reuters - The more risk-friendly mood also hit the yen, a favourite source of cheap funding for the carry trades based on interest rate differentials. The Japanese currency eased from the previous day's 2-1/2 year peaks versus the dollar, while the high ...
    2007-11-22 11:08:00
  • McCrann: Speedy recovery gives rise to November crisis

    News.com.au - AUGUST'S crisis wasn't quite a one-day wonder. But the speed of recovery from it on the back of the Fed's interest rate action was unrealistic, unhealthy and quite unsustainable. Now we've got a November crisis. Once again more than $100 billion ...
    2007-11-22 06:14:00
  • European 2-Year Notes Yield Most Against U.S. Since March 2004

    Bloomberg - Credit concerns aren't about to evaporate and, if anything, could get worse before they get better,'' said Charles Diebel, head of European interest rate strategy at Nomura International Plc in London. ``This means the safe-haven effect on fixed ...
    2007-11-22 09:06:00
  • A MapQuest for Our Money

    New York Times - MY adjustable-rate mortgage is going to adjust soon. I suspected this moment would arrive, but thought it would be a happier occasion, more like the day a few years ago when I persuaded my husband to sign up for our current 4-percent interest rate ...
    2007-11-22 09:27:00
  • ECB longer-term refi average rate 4.61 pct; marginal rate 4.55 pct

    Forbes - FRANKFURT (Thomson Financial) - The European Central Bank said the weighted average interest rate on accepted bids at today's longer-term refinancing operation was 4.61 pct. The marginal rate -- the lowest rate at which bids were accepted -- was 4.55 ...
    2007-11-22 02:46:00
  • GLOBAL MARKETS-Dollar hit by US growth worry, stocks edge up

    Reuters - LONDON, Nov 22 (Reuters) - The dollar hit record lows against the euro on Thursday as growing concerns over the U.S. economy cemented expectations of a near-term interest rate cut, while world stocks edged higher after this week's sell-off. Euro zone ...
    2007-11-22 09:06:00
  • Mexico inflation nears danger zone in early Nov

    Guardian Unlimited - MEXICO CITY, Nov 22 (Reuters) - Rising food prices lifted Mexico's inflation rate close to the central bank's danger zone in early November despite a surprise interest rate hike in October, the bank said on Thursday. But analysts predicted the ...
    2007-11-22 11:00:00