Mortgage and Financial News From 2008-9-3 Page 4
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Moody's: EMEA Structured Finance Outlooks Stable To Negative (Nasdaq)
LONDON -(Dow Jones)- The outlooks for the performance of major structured finance asset classes in Europe, the Middle East and Africa over the next 12 to 18 months vary between stable and negative, Moody's Investors Service said in a report Thursday.
2008-09-03 04:52:04 -
Top Scoops (Scoop.co.nz)
Los Angeles Times - This month, Ecuador will hold the world's first constitutional referendum in which voters will decide, among many other reforms, whether to endow nature with certain unalienable rights. Not only would the new constitution give ...
2008-09-03 05:20:16 -
London News and Reviews (Evening Standard)
Gordon Brown's giveaway to homebuyers has done little to brighten his prospects amid mounting evidence that Britain has plunged into recession.
2008-09-03 05:42:41 -
Community parks (San Diego Daily Transcript via Yahoo! News)
Eight neighborhood parks have been proposed for the north San Diego County community of Del Sur and four have opened.
2008-09-03 05:48:48 -
Spanish Asset-Backed Debt Faces Ratings Pressure, Moody's Says (Bloomberg.com)
Sept. 4 (Bloomberg) -- Spanish asset-backed bonds sold in 2006 and 2007 face ratings pressure by Moody's Investor Service as house prices fall and consumer confidence slumps.
2008-09-03 06:02:56 -
Lender GMAC To Close All 200 Retail Offices, Lay Off 5,000 (NBC 4 Los Angeles)
Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn.
2008-09-03 06:29:04 -
National Australia Bank Appoints Munro as Risk Chief (Update1) (Bloomberg.com)
Sept. 4 (Bloomberg) -- National Australia Bank Ltd. , the nation's largest by assets, appointed Bruce Munro as group chief risk officer as analysts predict the bank may set aside more money for possible losses on its credit investments.
2008-09-03 06:29:43 -
No Foreclosures Because of Gustav - KATC 3
U.S. Housing and Urban Development Secretary Steve Preston today announced a foreclosure moratorium in 34 parishes throughout Southern and Central Louisiana and offered support to homeowners and low-income renters forced from their homes following ...
2008-09-03 12:48:00 -
Crude Oil Falls Below $109 (INO News)
(RTTNews) - Oil prices dropped again on Wednesday, adding to a recent swoon. Light sweet crude for October moved to $108.20, down $1.51 on the session. Oil touched as low as $107.32, which is more than $40 off its record high of $147.27 from July 11.
2008-09-03 07:22:39 -
HomeForeclosureFighter.com Offers Help to Those Looking to Avoid Foreclosure (PR Newswire via Yahoo! Finance)
Since its launch 6 months ago, The Wisdom Companies, LLC has seen tremendous growth in traffic to their latest consumer-aid site HomeForeclosureFighter.com, targeted at the millions of Americans facing foreclosure.
2008-09-03 04:05:00 -
New York Money Market Rate Indications - FXStreet.com
New York Money Market Rate Indications Bankers acceptances at 3:30 p.m. New York time. 1M 2.55 2M 2.80 3M 2.95 6M 3.23 9M 3.35 1Y 3.50 Federal funds: days high 2.06; low 2.06; latest bid 2.00; offered 2.06 prime lending rate at major ...
2008-09-03 12:41:00 -
PM: Rate cut only 'modest relief' - News.com.au
THE Reserve Bank of Australia has cut its key interest rate by a quarter of a percentage point - its first reduction in the cash rate in almost seven years. The central bank lowered the cash rate to 7.0 per cent from 7.25 per cent following today's ...
2008-09-01 08:43:00 -
Interest rate rise not a big worry - Economic Times
Interest rates have been rising relentlessly since late 2004. The base prime lending rate (BPLR) of private banks has touched 17.5%; at public sector banks (PSBs), it is in the region of 14.5%. This comes as a shock to many people. It seems we are ...
2008-09-03 12:26:00 -
Australian PM says rate cut to provide modest relief for mortgage ... - Xinhua News Agency
CANBERRA, Sept. 2 (Xinhua) -- Australian Prime Minister Kevin Rudd said here on Tuesday the first official interest rate cut in nearly seven years will provide modest relief for mortgage holders. The Reserve Bank cut its key rate by a quarter of a ...
2008-09-02 03:31:00 -
Australia govt: rate cut a relief for homebuyers - Forbes
CANBERRA, Sept 2 (Reuters) - A cut in Australia's benchmark interest rate is a relief for homebuyers, Prime Minister Kevin Rudd said on Tuesday, but was only a beginning. 'This interest rate decision is welcome, but it is not a day for celebration ...
2008-09-01 10:59:00