Mortgage and Financial News From 2008-4-25 Page 11
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Mortgage charges are still rising - BBC News
Cheltenham & Gloucester has put up its fixed rate deals by up to 0.6%, and raised its tracker rates by up to 0.4%. And Abbey, the UK's third biggest lender, is levying higher initial fees and demanding larger deposits for some of its key deals ...
2008-04-25 05:00:00 -
BofA's Lewis says $4B Countrywide buy still a good idea - BusinessWeek
Beleaguered Bank of America Corp. shareholders pleaded Wednesday with the bank's chief executive not to proceed with a $4 billion acquisition of distressed subprime mortgage lender Countrywide Financial Corp. Shareholders told CEO Ken Lewis at the ...
2008-04-24 04:54:00 -
Ask AP: Mortgage insurance, taxing Social Security benefits - Salon
That's one of the four questions being answered in this installment of "Ask AP," a weekly Q&A column where AP journalists respond to readers' questions about the news. If you have your own news-related question that you'd like to see answered by an ...
2008-04-25 04:25:00 -
Mortgage charges are still rising (BBC News)
The credit crunch leads some big mortgage lenders to announce another round of price rises for new deals.
2008-04-25 05:14:27 -
U.K. Economy Expands at Slowest Pace in Three Years (Update3) (Bloomberg.com)
April 25 (Bloomberg) -- The U.K. economy grew at the slowest pace since 2005 in the first quarter as the seizure in credit markets hurt banks and falling house prices threatened consumer spending.
2008-04-25 05:22:18 -
SIFMA Says BOE MBS Swap Facility Will Boost Market Confidence (Nasdaq)
LONDON -(Dow Jones)- The Securities Industry and Financial Markets Association and its affiliate, the European Securitisation Forum, said Friday they support the Bank of England's special liquidity scheme to swap mortgage-backed securities for Treasury bills.
2008-04-25 05:36:02 -
Countrywide inks partnership to sell foreclosures (INO News)
(AP:NEW YORK) Countrywide Financial Corp. has enlisted New Vista Asset Management to help sell some of the homes Countrywide is repossessing because of unpaid mortgages, the lender said Friday.
2008-04-25 06:01:54 -
Ask AP: Mortgage insurance, taxing Social Security benefits (AP via Yahoo! Finance)
It sounds like a foolproof system for lending institutions: When someone's house is mortgaged to the hilt, the borrower has to get mortgage insurance, protecting the lender in the event of foreclosure.
2008-04-25 06:21:20 -
PREVIEW-BOJ to hold rates steady but boost CPI forecast - Forbes
* What: Bank of Japan one-day monetary policy meeting and half-yearly economic outlook report. * When: April 30. Rate decision likely noon - 2 p.m. (0300-0500 GMT) Outlook report due at 3 p.m. (0600 GMT) * Overnight call rate seen steady at 0.5 ...
2008-04-25 02:16:00 -
Global rate outlook shift triggers bond sell-off - Forbes
TOKYO/SINGAPORE, April 25 (Reuters) - Investors dumped Japanese bonds on Friday, betting the world's biggest central banks were shifting their focus to fighting inflation rather than cushioning a fragile global economy from the credit crisis. The ...
2008-04-25 01:11:00 -
Japanese bond prices plunge on interest rate outlook - International Herald Tribune
HONG KONG : Japanese government bonds suffered their biggest one-day drop in nearly five years on Friday as investors shifted their view of the outlook for interest rates in Japan and the United States. Japanese government bond futures ended down 1 ...
2008-04-25 01:04:00 -
Forex - Euro falls, pound surges as investors reassess rates outlook - CNBC
LONDON (Thomson Financial) - The euro continued to drop while the pound rallied, as investors reconsider their forecasts for interest rates in the euro zone and United Kingdom. Softer economic data from the euro zone -- with the German Ifo indicator ...
2008-04-25 04:46:00 -
Bond investors bet on rate hikes as inflation looms - Boston Globe
TOKYO/SINGAPORE (Reuters) - Investors rushed to bet on higher interest rates on Friday, dumping bonds on a conviction the world's top central banks were turning from nursing economies hobbled by a credit crisis to battling inflation. The main ...
2008-04-25 04:25:00 -
U.S. Notes Decline, Headed for Biggest Two-Week Loss Since 1982 - Bloomberg
April 25 (Bloomberg) -- Treasuries fell, with two-year notes headed for the biggest two-week decline since at least 1982, as traders increased bets the Federal Reserve will stop cutting interest rates. Japanese bonds tumbled as inflation accelerated ...
2008-04-25 04:17:00 -
New Zealand dollar falls after RBNZ decision - Forbes
United States - NEW YORK (Reuters) - The New Zealand dollar fell against the U.S. dollar Wednesday after the Reserve Bank of New Zealand left the benchmark rate unchanged as expected and said it sees rates on hold for some time. In late afternoon ...
2008-04-23 02:07:00