Mortgage and Financial News From 2007-8-29 Page 6

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  • Wall Street surges on rate cut hopes (AP via Yahoo! News)

    Stocks rebounded sharply Wednesday as investors, growing more optimistic about chances for an interest rate cut, sought bargains after the previous session's huge tumble. The Dow Jones industrials gained almost 250 points.
    2007-08-29 08:31:49

  • Thai central bank keeps interest rate unchanged at 3.25 percent - UPDATE (The Forex Market)

    BANGKOK (Thomson Financial) - The Bank of Thailand on Wednesday left its key interest rate unchanged at 3.25 percent amid easing inflation, which hit a near four-year low last month.
    2007-08-29 10:51:18

  • Thailand Central Bank Holds Key Interest Rate At 3.25% (Nasdaq)

    (RTTNews) - The Thailand central bank left its key interest rate unchanged on Wednesday. The Monetary Policy Committee - MPC of the Bank of Thailand decided to hold the 1-day repurchase rate at 3.25% per annum, while economists had widely expected a cut in interest rate to 3.0%.
    2007-08-29 08:32:23

  • CIBC World Markets Analyst Says Interest Rate Cut Not Likely to Rescue Subprime Market (Canadian Business)

    NEW YORK (AP) - An interest rate cut by the Federal Reserve is unlikely to rescue the foundering subprime mortgage market, a CIBC World Markets analyst said Wednesday.
    2007-08-29 01:24:42

  • Baird & Warner Names New President of its Financial Services Division ...

    Earthtimes - Baird & Warner Financial Services ranks among the top mortgage companies in Illinois, offering a range of mortgage-related services from more than 50 national and local lenders. "We are tremendously pleased to announce Donna's appointment as ...
    2007-08-29 12:56:00

  • Mortgage applications fall 4.2%;

    Providence Business News - The Mortgage Bankers Association, based in Washington, D.C., is a trade group representing the real estate finance industry. Its 3,000 member companies include mortgage firms, commercial banks, thrifts, life insurance companies and others. Additional ...
    2007-08-29 07:08:00

  • Business notes

    Lexington Herald-Leader - The Kentucky Office of Financial Institutions is joining the new Nationwide Mortgage Licensing System, bringing changes for 4,000 licensed individuals and 724 mortgage companies in Kentucky. Beginning Jan. 2, all lenders seeking licenses in Kentucky ...
    2007-08-29 02:07:00

  • US mortgage lender liquidity risk still high-DBRS

    Reuters - ... that liquidity risk for U.S. mortgage lenders remains elevated and that a renewed liquidity crisis "could hit without much warning." "Contingency funding plans, in the form of committed lines of credit, are working for U.S. finance companies so far ...
    2007-08-29 07:58:00

  • Bernanke: Looking to help homeowners

    Seattle Post Intelligencer - ... giants Fannie Mae and Freddie Mac, meanwhile, "should be encouraged to provide products for subprime borrowers to the extent permitted by their charters," Bernanke said. He didn't provide specifics and believed that caps on the two mortgage companies ...
    2007-08-29 08:20:00

  • Subprime no threat to US property insurers-Fitch

    Reuters - NEW YORK, Aug 29 (Reuters) - U.S. property and casualty insurance companies have minimal exposure to the subprime mortgage market, and no ratings are expected to be downgraded this year because of subprime issues, Fitch Ratings said on Wednesday ...
    2007-08-29 07:44:00

  • Credit card firms could take hit if economy dips

    Reuters - NEW YORK (Reuters) - Credit card companies may have sidestepped the problems plaguing the mortgage industry so far, but they're likely to face higher losses if the economy dips into a recession this year. Americans are still mostly paying off their ...
    2007-08-29 07:22:00

  • Lenders getting creative

    Inside Bay Area - This is brutal," Faraz said of the current market conditions. "Our company is in a building that had 15 mortgage companies last year. Now we're the only one left." George Avalos covers jobs, economic development, finance and petroleum. Reach him at ...
    2007-08-29 07:44:00

  • Washington Savings Bank reports 48 percent drop in quarterly

    MSN MoneyCentral - Despite a cooling residential real estate sector, Washington Savings Bank CEO Phillip Bowman said that the bank could win additional business in its mortgage-banking operations as other mortgage companies shut down or scale back. In recent weeks, both ...
    2007-08-29 02:15:00

  • Housing Bailout Chatter Gets Louder

    Street.Com - Bove says a historical precedent exists for encouraging mortgage companies to originate loans that would insured by the Federal Housing Administration and the Veterans Administration. The loans, he says, could be sold by Government National Mortgage ...
    2007-08-29 05:57:00

  • The PMI Group, Inc. Comments on Fitch Revisions to U.S. Mortgage

    MSN MoneyCentral - WALNUT CREEK, Calif., Aug. 29 /PRNewswire-FirstCall/ -- The PMI Group, Inc. PMI announced today that consistent with its revisions of its capital model for U.S. mortgage insurance companies, Fitch Ratings (Fitch) has changed the insurer financial ...
    2007-08-29 03:48:00

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