Mortgage and Financial News From 2007-10-4 Page 2

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  • FirstService finds niche amid U.S. housing woes

    Stockhouse Canada - FirstService Corp. has discovered a silver lining in the U.S. subprime mortgage crisis in lenders' growing need for someone to manage the residential properties they are acquiring through foreclosure. The Toronto-based property services firm is ...
    2007-10-04 09:34:00

  • While other lenders said no, this one said yes

    CNN Money - So far, there is no evidence that any FHLB banks are experiencing internal problems again and there doesn't seem to be any top-down pressure on the FHLB to effectively bail out mortgage lenders that got themselves into trouble. But when any lender ...
    2007-10-04 08:19:00

  • House approves mortgage relief

    The Washington Times - It would revise the bankruptcy code to help homeowners facing default and foreclosure, biting into already hard-hit profits at mortgage lenders. That bill would allow judges to order mortgage lenders to ease terms for homeowners in bankruptcy ...
    2007-10-04 09:41:00

  • House Passes Bill to Aid Strapped Homeowners

    Washington Post - It would revise the bankruptcy code to help homeowners facing default and foreclosure, biting into already hard-hit profits at mortgage lenders. That bill would allow judges to order mortgage lenders to ease terms for homeowners in bankruptcy ...
    2007-10-04 10:02:00

  • Lenders pressed to pay for advisers (Boston Globe)

    The Patrick administration is pressuring mortgage lenders that initiate foreclosures to pony up as much as $6 million to cover the cost of helping up to 8,000 Massachusetts homeowners who may lose their homes next year.
    2007-10-04 05:09:00

  • While other lenders said no, this one said yes (CNN Money)

    As the credit crunch hit hard in the third quarter, most banks were forced to cut back their lending. But one group of banks increased lending by an incredible $182 billion. Who were these deep-pocketed lenders -- and are they capable of handling such a large rise in loans, especially at a time when credit markets are unsettled and mortgage defaults on the rise?
    2007-10-04 08:25:30

  • SKorean shares outlook - Higher on Wall St's rebound

    Forbes - ... Thomson Financial) - South Korean shares are expected to open higher Friday on Wall Street's overnight rebound as investors hope the US monthly jobs data due out tonight will strike a balance between steady growth and more room for interest rate cuts ...
    2007-10-04 05:16:00

  • Milan shares close higher on rate outlook, led by L'Espresso, Atlantia ...

    Forbes - MILAN (Thomson Financial) - Share prices closed higher, supported by the interest rate outlook after comments from the European Central Bank, and led by L'Espresso on a broker upgrade and Atlantia on a regulatory deal, brokers said. The Mibtel index ...
    2007-10-04 10:28:00

  • Swiss Franc Advances on Speculation Interest-Rate Gap to Narrow

    Bloomberg - Oct. 4 (Bloomberg) -- The Swiss franc snapped three days of declines on speculation the interest-rate gap with the euro region will narrow. The franc gained versus the euro after the European Central Bank held its main rate at 4 percent today and ...
    2007-10-04 09:31:00

  • Bank Under Fire Over Rate Decision

    Ananova - The Bank Of England has come under fire for keeping its interest rate on hold for the third month in a row. The British Retail Consortium believes the rate of 5.75% is too high and is putting both retailers and consumers under pressure. After two ...
    2007-10-04 09:27:00

  • Fed Rate Cut Skepticism Spreads From Bank Presidents (Update1)

    Bloomberg - Oct. 4 (Bloomberg) -- Federal Reserve district bank presidents are expressing skepticism about the need for further interest-rate cuts, and some investors agree. The chance of policy makers cutting their benchmark rate twice more this year, to 4.25 ...
    2007-10-04 12:08:00

  • UPDATE 1-NYSE short interest rose at end of September

    Reuters - The Dow Jones Industrial Average rose more than 3 percent between the short interest reporting periods, as investors felt the Federal Reserve's aggressive interest rate cut would help keep the economy on track. Continued... © Reuters 2007
    2007-10-04 02:10:00

  • Next irons out the season's wrinkles for a swish new look

    Daily Telegraph - With the Bank of England resisting calls from some retailers for an interest rate cut, the outlook for consumer spending remains uncertain. But Next, the high-street clothing chain, rose 53p to £21.37 after Lehman Brothers upgraded it from ...
    2007-10-04 05:52:00

  • Taipei shares outlook - Little changed ahead of US data, local ...

    Forbes - TAIPEI (XFN-ASIA) - Share prices are expected to open little changed as investors await key jobs data in the US, which could influence the Federal Reserve's interest rate decision at the month end. The US will release September non-farm payrolls data ...
    2007-10-04 05:52:00

  • Chile Central Bank Says Global Growth Dictates Rates (Update1)

    Bloomberg - Oct. 4 (Bloomberg) -- Chile's central bank, facing the highest inflation rate in eight years, said it's studying whether the global economy is slowing as it considers an interest rate increase. The recent deterioration in international markets and ...
    2007-10-04 05:30:00

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