Mortgage and Financial News From 2007-10-4 Page 11

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  • Wall Street heads lower for second straight day (Tulsa World)

    Wall Street extended its pullback Wednesday as investors retrenched from an optimistic stance early in the week. The market showed little conviction for a second day as economic readings offered few surprises.
    2007-10-04 12:33:20

  • Northern Rock cuts range of mortgages as hopes of sale rise (Guardian Unlimited)

    Northern Rock closed down many of its lower margin mortgages, reducing its range from 213 products to 70 as a sale of the bank edged closer yesterday.
    2007-10-04 01:47:46

  • London shares off highs at midday after BoE leaves rates unchanged

    Forbes - ... UK blue chips were off highs at midday after the Bank of England left interest rates ... gainer, up 18.8 pence to 170.6 as hopes for a rescue bid for the troubled mortgage ... News and its third party content providers for your personal information only ...
    2007-10-04 05:42:00

  • BoE decision to keep rates on hold puts pressure on retailers ...

    Forbes - ... squeezed by higher living costs and the credit crunch and possibility of higher mortgage ... in recent months, with CPI below the Bank's 2.0 pct target, while previous interest rate increases have still to work through the system. 'There is only one way ...
    2007-10-04 05:35:00

  • Fitch Downgrades 3 Classes of Triaxx Funding High Grade I, Ltd.

    Forbes - ... of the classes C and D notes only reflect the likelihood that investors will ultimately receive their interest and principal balances by the legal final maturity date. Triaxx Funding High Grade I Ltd. invests in 'AAA' rated residential mortgage ...
    2007-10-04 07:43:00

  • House prices fell in September, says Halifax

    Guardian Unlimited - Halifax , the UK's biggest mortgage lender, said the annual rate of inflation had ... the UK average up, with a 3.4% rise in prices over the last quarter, behind only ... the increasing affordability pressure on house buyers coming from higher interest ...
    2007-10-04 09:17:00

  • Money talk: Credit risk

    Daily Telegraph - The monthly payments on a £100,000 interest-only mortgage would come to £458. However, with a county court judgement against you for unpaid debts of up to £1,000 within the last three years, or a missed mortgage payment in the last year, you could ...
    2007-10-03 05:03:00

  • Bank holds rates at 5.75%

    Guardian Unlimited - The Bank of England left interest rates steady at 5.75% today amid growing ... the City that a slowdown in the economy is already under way, one that can only ... from the Bank, sparking panic among customers of Britain's fifth-largest mortgage ...
    2007-10-04 10:07:00

  • Bear Stearns to `Weather Storm,' Won't Need Infusion (Update5)

    Bloomberg - ... Cos., the securities firm hit hardest by the collapse of the subprime mortgage ... Things are getting better'' since the Federal Reserve lowered its benchmark interest ... Cayne said he would consider a potential partner only if the deal ``brings along ...
    2007-10-04 11:40:00

  • ECB, Bank of England hold rates steady

    Houston Chronicle - VIENNA, Austria — The European Central Bank held its benchmark interest rate ... the banks wanted more time to assess how deep an impact the U.S. subprime mortgage ... Until then, they can only watch and hope." The ECB and the Bank of England had ...
    2007-10-04 12:44:00

  • Interest rates left unchanged

    Reuters UK - LONDON (Reuters) - The Bank of England kept official interest rates steady for a ... had been nervous that it might make a surprise cut following a run on mortgage bank ... Only a few months ago many economists were predicting a further rate rise this ...
    2007-10-04 10:42:00

  • Bank holds interest rates but cut likely (Reuters.co.uk)

    LONDON (Reuters) - The Bank of England kept official interest rates steady for a third month running on Thursday, but many people expect it to cut them later this year as a credit crunch in global markets starts hitting the wider economy.
    2007-10-04 11:34:51

  • Bank Of England Maintains Interest Rate At 5.75% (Nasdaq)

    (RTTNews) - The Bank of England, BoE, decided to leave its key interest rate unchanged at 5.75% on Thursday. The decision was in line with economists' expectations. Yet, markets seemed a tad nervous in the morning on the off chance of a surprise rate cut.
    2007-10-04 09:27:34

  • Fitch Affirms Morgan Stanley Dean Witter 2001-PPM (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings affirms Morgan Stanley Dean Witter 2001-PPM commercial mortgage pass-through certificates as follows: $49.1 million class A-2 at 'AAA'; $89.0 million class A-3 at 'AAA' Interest-only class X at 'AAA'; $15.6 million class B at 'AAA'. $17.1 million class C at 'AAA'; $5.5 million class D at 'AAA'; $10.9 million class E at 'AAA'; $4.7 million class F at 'AA+'.
    2007-10-04 07:04:00

  • Get involved... (Daily Record)

    TAKING a long-term fixedrate mortgage isn't the only way to protect yourself from interest rate hikes.
    2007-10-04 03:59:47

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