Mortgage and Financial News From 2007-11-9 Page 2

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  • Campaign Advisers Focus on Mortgage Crisis (Washington Post)

    A new issue is emerging in the 2008 presidential race: how best to keep the mortgage crisis from driving millions of people from their homes.
    2007-11-09 09:44:21

  • Xceed Mortgage plans writedown (Toronto Star)

    Xceed Mortgage Corp., a leading provider of mortgages to home buyers avoided by the big banks, disclosed today that it will take an after-tax charge of $17 million to $20 million on the value of its future lending proceeds.
    2007-11-09 07:20:31

  • Bernanke Speech May Include Changes to Forecasting (Update3)

    Bloomberg - The projections would span three years, rather than two, as is the current practice, they said. Inflation ... Disclosure of the plans would come at a time of conflict between Fed officials' signals on the outlook for interest rates and ...
    2007-11-09 03:55:00

  • Diary of a private investor

    Daily Telegraph - On Radio 4 this week, one of the presenters referred to "the current financial crisis" as if the existence of such a ... Also, interest rates in Hong Kong are linked to those of America. These are going down, which is good for shares. There is also ...
    2007-11-09 03:48:00

  • Tipped Toward Recession

    BusinessWeek - ... said they were when they trimmed a quarter-point from their target interest rate on ... the other toward future action) means policymakers are disinclined to cut rates ... the expectations measures now show—and have shown since oil was half its current ...
    2007-11-09 07:01:00

  • Another rate rise in February

    News.com.au - HOMEOWNERS should budget for at least one more interest rate rise in ... which in turn would put pressure on the RBA to increase rates. "We've certainly pencilled one in for February and potentially looking at another one later next year if current ...
    2007-11-09 04:09:00

  • Federal Realty Has $200 Million Facility

    CNBC - The new facility has a one-year extension option and bears interest at LIBOR plus 57.5 basis points, based on the company's current credit ratings. LIBOR, or London Inter-Bank Offered Rate, is based on rates London banks can borrow from other banks ...
    2007-11-09 02:22:00

  • Fitch Rates School Board of Manatee County, Florida's $55.8MM COPs 'A ...

    Forbes - ... the payment of debt service, impact fees, interest earnings, and allocations from the state. Fitch believes the level of the CIP may increase, as the calculation of available funding in the current ... Fitch currently rates the county's general ...
    2007-11-09 01:17:00

  • Fitch Rates King County, Washington's $43.3MM LTGOs 'AA+'; on Watch ...

    Forbes - Fitch views the BAN rating as unaffected by the current investment problems because ... to 3.5% in August 2007 which is below the state and national unemployment rates ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-11-09 02:36:00

  • Fitch Rates San Antonio, Texas GOs, COs and Tax Notes 'AA+'

    Forbes - Business Wire - Press Release Fitch Rates San Antonio, Texas GOs, COs and Tax ... Rapid amortization of current and future debt, as planned by management, should ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-11-09 02:51:00

  • Share prices expected to be lower next week

    New Straits Times - However, for the local bourse in the next two weeks, it is likely to be optimistic with the listing of Synergy Drive and the possibility of interest rates cut by the US Federal Reserve at its meeting on Dec 11. This period will be somewhat looking ...
    2007-11-09 08:27:00

  • Stocks tumble after banks' credit warnings

    MSNBC - Financial stocks were among the hardest hit Friday, though the banks that warned about the fourth quarter finished mostly flat amid hopes that their announcements might be signaling the end of the current period's trouble. BofA rose 49 cents to $43 ...
    2007-11-09 02:43:00

  • Fannie Mae doubles net losses

    Financial Times - Fannie Mae , the largest US home lender, on Friday predicted that the US housing market would deteriorate “for the next ... Fannie’s earnings numbers exposed further evidence of the damage from the summer’s subprime mortgage meltdown. Its ...
    2007-11-09 03:41:00

  • What lies ahead for Woodbury's Delta Financial

    Newsday - Lender Delta Financial Corp. is almost all subprime in a world running away from subprime. A day after laying off 470 ... When the company announced its bad news Thursday, it echoed the problems faced by Melville-based American Home Mortgage, which ...
    2007-11-09 03:33:00

  • Buying semicustom home proves easy for McHenry County couple

    Arlington Heights Daily Herald - Our attorney was shocked, our mortgage lender was shocked as well," Patrick said. Because Liberty Trails is a semicustom home community, the Stephanses were able to tailor the 2,170 square feet of space in the home to meet their specific needs. The ...
    2007-11-09 12:13:00

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