Mortgage and Financial News From 2007-8-29 Page 19

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• Numbers of mortgages fall as interest rate rises start to bite

  The Independent - Five interest rate rises in less than a year began to take their toll on the UK housing market last month, as the number of ... Tightening borrowing standards in response to sub-prime concerns could intensify the current slowdown in lending activity ...
  2007-08-29 12:17:00

• Dollar weaker at noon as shares fall

  News.com.au - The domestic currency fell from an 18-year high of $US0.8874 on July 25, to a low of $US0.7676, after the close of trade on August 17, as a liquidity crisis caused by anxiety in the US sub-prime mortgage market affected high interest rate currencies ...
  2007-08-29 02:55:00

• Bank boss predicts rate rise

  News.com.au - A bank boss predicts an interest rate rise outside the Reserve bank system. What happens next? A bank boss ... The possible rise in interest rates is due solely to the recent sub prime mortgage crisis coming out of the US. As much as I do not agree with ...
  2007-08-29 05:11:00

• Sub-prime fallout heightens global rate doubts

  News.com.au - Sub-prime fallout heightens global rate doubts By David Mcmahon And Mike Peacock August 29, 2007 08:36am ... had risen as a result of credit market turmoil, adding this would be taken into account at an interest rate review ...
  2007-08-29 04:56:00

• Global impact of U.S. sub-prime crisis (Adelaide Now)

  REPORTS of more damage from the teetering US sub-prime mortgage sector hit global stock markets overnight as central banks around the world said their outlooks for monetary policy had been thrown into doubt.
  2007-08-29 12:30:00

• Rate rise regardless, warns NAB (Perth Now)

  HOME-loan interest rates may have to be increased regardless of the next official hike by the Reserve Bank, the National Australia Bank has warned.
  2007-08-28 09:59:00

• Fed: Don't panic. We're here (CNN Money)

  When the Federal Reserve met on Aug. 7 and decided to leave a key interest rate alone, the central bank didn't appear overly concerned that problems in the subprime mortgage market would have a major impact on the broader economy, according to minutes of the meeting released Tuesday.
  2007-08-28 07:16:49

• Sub-prime fallout heightens global rate doubts (News Interactive)

  REPORTS of more damage from the teetering US subprime mortgage sector hit global stock markets overnight as central banks around the world said their outlooks for monetary policy had been thrown into doubt.
  2007-08-28 10:36:00

• Division over policy interest rate (The Nation)

  Kosit calls for cut to boost economic growth as experts demand no change
  2007-08-28 02:24:47

• Sub-prime spectre haunts credit cards (The Australian)

  US consumers are defaulting on credit card payments at a higher rate than last year, raising the prospect of problems in the stricken US sub-prime mortgage market spreading to other types of consumer debt.
  2007-08-28 02:41:49

• BoT chief uncertain about decision on rate cut (MCOT - TNA English News)

  BANGKOK, Aug 29 (TNA) – It is uncertain whether the Bank of Thailand’s Monetary Policy Committee will further cut the policy interest rate at its meeting on Wednesday because it needs to consider various factors in all aspects, according to BoT Governor Tarisa Watanagase.
  2007-08-29 03:01:51

• Thai Hot Stocks-Seen down, BOT policy rate watch (Reuters via Yahoo! Asia News)

  BANGKOK, Aug 29 (Reuters) - Thai stocks were expected to fall on Wednesday following falls on other bourses in Asia, with investors cautious ahead of a Bank of Thailand interest rate meeting, analysts said.
  2007-08-29 01:48:26

• Numbers of mortgages fall as interest rate rises start to bite (Independent)

  Five interest rate rises in less than a year began to take their toll on the UK housing market last month, as the number of mortgage approvals for house purchases fell by 1 per cent.
  2007-08-29 12:36:41

• Housing slump continues as inventory hits a record

  Dallas Morning News - In the Dallas area, the North Texas Real Estate Information System reported earlier this month that ... We need to deal with widespread uncertainty in the mortgage market and help to refinance borrowers who were duped into bad loans ...
  2007-08-28 02:44:00

• Task force recommendations on foreclosures

  Cleveland Plain Dealer - Provide options for homeowners to refinance or restructure their mortgages, including income tax forgiveness on loan readjustments and fixed-rate financing for those seeking to refinance their mortgage. • Improve homeowner access to information and ...
  2007-08-28 11:13:00

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