Mortgage and Financial News From 2007-10-8 Page 5

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  • First Line Data Provides Enhancements to Counter-Fraud Review Reports for Mortgage Lenders to Better Combat ... (PRWeb via Yahoo! News)

    First Line Data, Inc. announced enhancements to their Counter-Fraud Review reports, which are used to verify the validity of application documentation for the detection and prevention of fraud, tailored to the specific needs of the nation's mortgage lending industry. Mortgage lenders use these Web-based reports for the initial approval and recertification of: mortgage brokers, correspondents, ...
    2007-10-08 12:01:00

  • Commodities boom hits rate-cut hopes

    Stockhouse Canada - The figures suggest that inflationary pressures remain in the economy, analysts said, and sharply lower the possibility of an interest rate cut in the short term. The Office for National Statistics said that input prices rose 3.2 per cent last month ...
    2007-10-08 04:28:00

  • Dollar closes at 23-year high

    News.com.au - THE dollar closed at a 23-year high today as strong US labour force data boosted confidence in the American economy and helped high interest rate currencies. At 5pm AEST, the dollar was trading at $US0.9013/18, up from Friday's close of 0.8887/92 ...
    2007-10-08 10:45:00

  • Australian shares outlook - Retreat from record highs

    Forbes - ... stocks are likely to lead the market lower after prices of gold, base metals and oil prices dropped overnight as the US dollar recovered against major currencies following Friday's US September jobs data, which reduced the chances of an interest rate ...
    2007-10-08 05:19:00

  • Australian Dollar Falls From 23-Year High as Metals Prices Slip

    Bloomberg - The local dollar also weakened as the U.S. currency rose on reduced speculation the Federal Reserve Won't cut its benchmark interest rate. ``Metals prices came off and the U.S. dollar gained as rate cut expectations were'' reduced, Sue ...
    2007-10-08 04:50:00

  • Watch for Hidden Terms on Zero Interest Deals

    KPIX-TV5 - That's the perfect excuse for the creditor to include a late fee and change the interest rate because it's part of the term," said Maria Enomoto of Consumer Credit Counseling. Enomoto told us that even if you have zero percent interest, you should ...
    2007-10-08 05:26:00

  • Dollar rises against other major currencies

    International Herald Tribune - The euro last hit an all-time high of $1.4284 on Oct. 1 on continued concerns about the massive U.S. trade and budget deficits, and speculation of new U.S. interest rate cuts on the horizon. The Federal Reserve last month cut its benchmark interest ...
    2007-10-08 02:12:00

  • Czech Inflation Rate Rises to 13-Month High of 2.8% (Update3)

    Bloomberg - Oct. 8 (Bloomberg) -- Czech inflation accelerated to the fastest in 13 months in September, closing in on the central bank's target and suggesting interest rates may rise again as early as this month. Consumer prices rose an annual 2.8 percent, up ...
    2007-10-08 08:50:00

  • New Zealand Companies More Optimistic About Outlook (Update2)

    Bloomberg - Reserve Bank Governor Alan Bollard kept the benchmark interest rate unchanged at a record 8.25 percent last month, saying four increases between March and July were damping domestic demand. Prices for dairy products, the nation's biggest export, have ...
    2007-10-08 04:43:00

  • Fix your home loan, says expert

    News.com.au - LOCK in a fixed rate and book that ticket to Hawaii -- the Aussie dollar is heading for par with the greenback. The bad news, interest rates are also going higher. That's the word from currency analysts yesterday as the Australian dollar rose to a 23 ...
    2007-10-08 05:33:00

  • China to Begin Trading Forward Rate Agreements

    Wall Street Journal - SHANGHAI, China -- The People's Bank of China will introduce trading of forward rate agreements Nov. 1, a new sign that Beijing wants to overhaul its inefficient interest-rate market and further develop a fledgling financial-derivatives sector. China ...
    2007-10-08 02:41:00

  • UPDATE 1-Global junk default rate lowest since 1995 - Moody's

    Reuters - A half percentage point interest rate cut by the Federal Reserve on Sept. 18 helped revive investors' risk appetite, making more cash available to low-rated companies. However, the most troubled companies, or so-called "distressed" issuers, may ...
    2007-10-08 01:08:00

  • New Zealand Dollar Declines as Chances of U.S. Rate Cut Reduce

    Bloomberg - Oct. 9 (Bloomberg) -- The New Zealand dollar fell on speculation the nation's yield advantage over the U.S. won't widen as investors reduce bets that the Federal Reserve will cut interest rates. New Zealand's record 8.25 percent benchmark interest ...
    2007-10-08 04:43:00

  • Dollar May Extend Gains Versus Euro, Yen on Fed Rate Outlook

    Bloomberg - Oct. 9 (Bloomberg) -- The dollar may extend its gains against the euro and yen on speculation the Federal Reserve will refrain from cutting interest rates this month on signs the economy will avoid a recession. Investors have strengthened the dollar ...
    2007-10-08 04:00:00

  • Economists Split on Whether Thailand Will Keep Rate Unchanged

    Bloomberg - Oct. 9 (Bloomberg) -- Economists are divided over whether Thailand's central bank will keep its interest rate unchanged for the second time this year after five cuts since January. The Bank of Thailand will leave its one-day bond repurchase rate at 3 ...
    2007-10-08 05:11:00

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