Mortgage and Financial News From 2007-9-29 Page 9
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U.S. Stocks Have Biggest September Gain Since 1998 on Rate Cut (Bloomberg.com)
Sept. 29 (Bloomberg) -- U.S. stocks rose this week to complete the steepest September advance since 1998 as the Federal Reserve's interest-rate cut helped energy and raw-material companies lead the market's recovery from a summer rout.
2007-09-29 07:03:02 -
Clarification of semi-annual interest rate for Stelco's floating rate note (CNW Group via Yahoo! Finance)
Stelco Inc. today announced that it has clarified the rate of interest per annum, for the period from September 30, 2007 to March 30, 2008 inclusive, for Stelco's floating rate notes due 2016 .
2007-09-28 02:32:00 -
GCC states are forced to cut interest rate (MENAFN)
GCC states are forced to cut interest rate
2007-09-28 10:02:31 -
Clash of the Paradigms
Safe Haven - Freddie Mac posted 30-year fixed mortgage rates jumped 8 bps this week to 6.42% (up 11bps y-o-y). Fifteen-year fixed rates ... Compare this to the three-years 2004 through '06, when GSE debt grew only $57bn while ABS ballooned almost $2.0 TN. In ...
2007-09-27 05:53:00 -
Six ways to save on homeowners insurance
Boston Online - But the good news, he said, is his company's insurance rates per thousand dollars ... I'll wait until I get his bill to compare insurance costs with competitive insurers ... DON'T INSURE FOR THE AMOUNT OF THE MORTGAGE . Many homeowners blindly insure for the ...
2007-09-25 05:55:00 -
Government throws public money at some -- at the expense of others
Seattle Post Intelligencer - ... to encourage building of a stable middle class, a tax deduction for home mortgage ... Bradley, in 1986, led a push that removed many loopholes and reduced tax rates ... How do the tax expenditures compare in importance to other, direct expenditures ...
2007-09-28 05:09:00 -
Fearful homebuyers wary of cheaper deals
This is Money - Mortgage broker John Charcol says the bill ions of pounds in emergency funds made available to ... Elsewhere, fixed rates are becoming cheaper, but they are still not low enough to compare to the trackers and discounts, especially if an expected downward ...
2007-09-29 01:37:00 -
Kenneth Harney: Mortgage money is plentiful despite gloomy market
Arizona Daily Star - Congress appears to be on the verge of transforming the once-stodgy Federal Housing Administration program into a competitive home-loan option nationwide, with lower minimum down payments and maximum mortgage amounts generous enough to fund loans in ...
2007-09-29 06:31:00 -
Japan Set to Privatize Postal System
US News and World Report - The new bank has said it hopes to improve returns on its savings by starting mortgage and credit card businesses, and lending to small companies. Still, uncertainties remain. Some say that far from encouraging open competition, Japan Post will be ...
2007-09-29 02:13:00 -
A news brief on Page 3B in Wednesday's Metro & State section ...
Miami Herald - The Miami-Dade School Board is the finalist. • An article about mortgage fraud Friday on Page 1A suggested that Antonio Ramos is employed by Home Mortgage Finance Group. Ramos has not worked for the company since June 2006, and the company was not ...
2007-09-28 10:17:00 -
U.S. Stocks Have Biggest September Gain Since 1998 on Rate Cut
Bloomberg - The Fed's Sept. 18 reduction to 4.75 percent of its rate for overnight loans sustained the stock market's recovery from losses spurred by subprime-mortgage defaults. In July and August, the S&P 500 had the largest slump in four years. ``The ...
2007-09-29 06:38:00 -
Italy Approves Tax Cuts for Businesses
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... He also sounded an optimistic note, saying that mortgage crises that have hit financial institutions and consumers hard in the ...
2007-09-29 06:45:00 -
Single women should consider long-term care insurance as part of ...
Boston Globe - Q. I am 60. My financial adviser is strongly urging me to buy long-term care insurance. My mortgage is paid off (home value: $325,000). My investments and retirement portfolio stand at $350,000. My income is $35,000 with minimal liquid cash. I plan ...
2007-09-29 03:46:00 -
Forecasts lose shine as credit crunch fuels doubt
Washington Post - Central banks can cut interest rates to ease the pain of the current credit squeeze, but monetary policy has a limited impact until anything between nine and 18 months later, he added. That means the uncertainty shock, something central banks are ...
2007-09-28 08:34:00 -
Spending up; prices at bay
Boston Globe - ... yesterday offered some reassurance that the current ... The Fed last week cut a key interest rate by a bolder-than-expected half point in an effort to ward off a recession. While many economists believe the Fed will cut rates again in October, some ...
2007-09-29 01:16:00