Mortgage and Financial News From 2007-8-21 Page 6

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  • 'Disciplined' UK should avoid mortgage crisis

    Guardian Unlimited - Persimmon chairman John White said this morning that the UK mortgage market was too ... It expects the housing market to keep growing despite higher interest rates. Mr ... confident outlook, given both an undersupply of family homes and current low ...
    2007-08-21 04:47:00

  • MFA Mortgage Investments: Buy $1 for 85 cents (Seeking Alpha via Yahoo! Finance)

    FIG Junkie submits: MFA Mortgage Investments is a mortgage REIT that only invests in Agency MBS and AAA non-agency MBS the remaining assets are cash and other. The shares are trading with a market capitalization $578 million and common book equity of $704 million or 82% of [... ]
    2007-08-21 07:20:55

  • More Mortgage Firms Fire Workers (ABC News)

    Capital One will shut its GreenPoint Mortgage unit and fire 1,900 employees.
    2007-08-21 02:02:40

  • Capital One Slams Door on GreenPoint Mortgage (Seeking Alpha via Yahoo! Finance)

    The latest victim of the subprime crisis, Capital One Financial Corp. lowered its 2007 earnings outlook after halting residential-mortgage origination operations at its wholesale mortgage banking unit GreenPoint Mortgage.
    2007-08-21 11:15:48

  • Lawmaker sets credit, mortgage hearing September 5 (Reuters via Yahoo! News)

    The U.S. House Financial Services Committee asked the Federal Reserve and the U.S. Treasury Department to testify at a hearing on September 5 that will examine the current crises in the credit and mortgage market, Chairman Barney Frank, a Massachusetts Democrat, said on Monday.
    2007-08-20 05:36:31

  • Yen trims gains, euro rises after China rate hike

    Reuters UK - ... losses and the euro rose against the dollar on Tuesday in an immediate market move after the Chinese central bank raised interest rates. The move in currencies reflected the view that the global economy is in good shape, able to shrug off the current ...
    2007-08-21 11:25:00

  • Is Bernanke Tough Enough?

    ABC News - Wall Street and Fed Watchers Say the Central Bank Has More to Do During Current Crisis ... years, the Federal Reserve has made it a policy not to change the Fed Funds rate -- a key in determining the interest rates for ...
    2007-08-21 04:47:00

  • The Rundown on Rates

    Motley Fool - It's too early to tell whether this is the start of a lower trend in interest rates or just a crisis-related blip. Regardless of ... From finding dividend-paying stocks to maximizing your income on other investments, Income Investor can bring you current ...
    2007-08-21 05:59:00

  • Yen Gains Across the Board as Investors Shun Risk

    CNBC - Rumors spread in financial markets early in the session that the Fed could lower interest rates Tuesday. A report from Market ... That fueled expectations the Fed could lower the fed funds rate from the current 5.25%, given the threat to the economy ...
    2007-08-21 03:50:00

  • Forex - Canadian dollar falls as July core CPI rate drops to 2.3 pct ...

    Forbes - Both readings are in line with analysts' expectations, but the decline in core CPI will further decrease the chances that the Bank of Canada will raise interest rates from their current rate of 4.50 pct at its meeting next month. The core CPI fall ...
    2007-08-21 12:22:00

  • Loonie's parity run threatened

    Globe and Mail - If the Fed decides to cut rates, either inter-meeting or at its meeting, you will have interest rates widening,” Mr. Reid said ... Clément Gignac said there is a greater chance the Fed will need an inter-meeting rate cut to “address the current ...
    2007-08-21 05:09:00

  • Long-tailed subprime mess

    Beeld - THE CURRENT SUBPRIME mess in the United States was primarily caused by the resetting of interest rates at a higher level of the popular adjustable rate mortgages - ARMs. That's a popular, initially low-cost mortgage used by first-time buyers and ...
    2007-08-21 03:57:00

  • Warsaw stocks close lower on Wall Street decline; PGNiG, PKN Orlen ...

    Forbes - Investors fear the current market turmoil and China's decision to raise interest rates could slow global growth. The downdraft in energy stocks also knocked shares in Poland's natural gas monopoly PGNiG, which is often lumped together with the ...
    2007-08-21 04:04:00

  • Builder Sees Profits Growing Up

    Ananova - The issue for us is not the actual rises, it's the uncertainty about interest rates." Persimmon's current advance sales for the second half were just under £1.35bn, roughly 85% of its target for the year. It is planning to concentrate on buying up ...
    2007-08-21 04:04:00

  • Persimmon beats rates rise to hit record high

    Edinburgh News - We believe that as long as current assumptions on interest rates remain intact, and employment data continues to be supportive, purchasers will feel confident about job security. "This, coupled with confidence in the housing market, should deliver ...
    2007-08-21 11:32:00

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