Mortgage and Financial News From 2007-10-8 Page 16

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  • Dollar Rises Against Euro as Ministers Voice Currency Concern

    Bloomberg - Other European officials, including Italian Prime Minister Romano Prodi and his Luxembourg counterpart Jean-Claude ... called carry trade bets, investors buy high-yielding currencies with funds borrowed in Japan, where the benchmark interest rate ...
    2007-10-08 03:35:00

  • Fund will bankroll co-op businesses

    Boston Globe - ... family fortune, the Cooperative Fund of New England created a revolving fund that has made $14 million in low-interest loans ... While its current loans typically are below prime rate and have repayment terms of three to five years, loans from the new ...
    2007-10-08 03:28:00

  • EU finance ministers meet in Belgium

    BusinessWeek - ... Europe is an innocent victim of others and that the euro-dollar exchange rate ... Luxembourg's Prime Minister Jean-Claude Juncker -- who heads the euro zone finance ... responsible for monitoring price increases before deciding to change interest rates ...
    2007-10-08 03:35:00

  • Another Goldman alumnus is chosen to run a central bank

    International Herald Tribune - The Canadian prime minister, Stephen Harper, picked Mark Carney, a Finance Ministry official and former Goldman ... The crisis prompted the bank to step back from a forecast for an interest rate increase last month, and officials will probably ...
    2007-10-07 10:42:00

  • European govt bonds lower with US jobs report still supporting risk ...

    CNBC - ... may be weathering the fall-out from the sub-prime crisis better-than expected and has prompted some investors to scale back their estimates on how much the Federal Reserve will cut interest rates ... the Fed meeting, and with a 50 pct chance of a rate ...
    2007-10-08 03:43:00

  • Metals - Gold turns lower as dollar strengthens UPDATE

    Forbes - The minutes, to be released tomorrow, could give further clues on the likelihood of further interest rate cuts, which would weigh ... over the state of the US economy still remain, especially amid the ongoing financial turmoil fostered by the sub-prime ...
    2007-10-08 04:18:00

  • Prime minister pushes for election, analysts say

    St. Petersburg Times - The Bank of Canada key interest rate remains at 4.5 percent while the prime lending rate is 6.25 percent. Stock markets were higher, with the Toronto index at 14,233 points and the TSX Venture Exchange at 2,857 points. Lotto 6-49: Wednesday 3, 17, 18 ...
    2007-10-06 10:43:00

  • Forex - Dollar enjoys upward momentum in wake of Friday's US jobs data

    Forbes - The data gave a boost to the dollar, as interest rate markets backtracked in their rate cut expectations. 'In fairness, much of ... Markets are still digesting the news that Prime Minister Gordon Brown will not hold snap elections this autumn -- but ...
    2007-10-08 03:07:00

  • City bonuses and jobs to fall as effects of credit crunch begin to ...

    Guardian Unlimited - ... its forecasts for bonuses and jobs as City firms bear the brunt of defaulting mortgages in the US sub-prime crisis and the drying up of credit that has followed. Banks have been extremely wary of lending to each other. Libor interest rates - the rate ...
    2007-10-08 03:57:00

  • Mind games with mobsters

    Chicago Sun-Times - First on his list of prime suspects was fellow mobster James DiForti. Calabrese Sr ... I just have to rate this guy as the best informant I've ever come across," Blair ... Sr. talking and worried there was a snitch within his crew, given the FBI's interest ...
    2007-10-08 01:55:00

  • Sub-prime loans blamed for 7,000 lost homes (Daily Telegraph)

    Seven out of 10 homes repossessed in recent months were owned by people who bought them with the help of so-called "sub-prime" mortgages.
    2007-10-07 06:37:39

  • Interest rates worth a punt (Perth Now)

    INTEREST rates are likely to rise on Melbourne Cup Day, with the US pulling back from the brink of recession and global optimism increasing.
    2007-10-07 04:00:00

  • Panorama investigation shows 70 per cent of repossessions are from sub-prime market (Money Marketing Online)

    BBC programme Panorama will report on research which has found that seven out of ten homes repossessed in recent months were owned by sub-prime mortgage borrowers.
    2007-10-08 02:54:49

  • London's prime property heads south (Daily Telegraph)

    London's prime property investment opportunities have swept past Chelsea and Belgravia, across the River to Southbank, according to Knight Frank.
    2007-10-08 03:00:48

  • Housing bubble a flashback to '80s Texas

    Houston Chronicle - Hit "calculate" The new number in the bottom box is the index number your area would have to hit if home prices were to keep ... with no history of debt repayment. • Low interest rates. Back then, builders marketed houses by "buying down" mortgage ...
    2007-10-05 05:58:00

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