Mortgage and Financial News From 2007-12-3 Page 18

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  • Paulson says mortgage relief plan nearly ready (Reuters via Yahoo! News)

    Treasury Secretary Henry Paulson said on Monday he hoped to have a mortgage relief plan ready by week's end and urged Congress to give local governments more borrowing power to ward off foreclosures.
    2007-12-03 10:35:12

  • ComplianceEase and Titan Lenders Corp. Form Client-Partner Relationship (Business Wire via Yahoo! Finance)

    DENVER----Titan Lenders Corp., a closing, post closing and mortgage back office fulfillment services provider, has become a client-partner with ComplianceEase, a leading provider of mortgage industry automated compliance and risk management solutions.
    2007-12-03 06:52:00

  • London shares lower midmorning, ahead of rate decision, RBS trading ...

    Forbes - LONDON (Thomson Financial) - Leading shares dropped in midmorning deals, with weakness seen among financials ahead of the Bank of England's interest rate decision and the RBS's trading statement on Thursday. At 10.09 am, the FTSE 100 index dropped 28 ...
    2007-12-03 02:48:00

  • Market opens flat; factory data ahead

    Reuters - NEW YORK (Reuters) - Stocks opened little changed on Monday, with investors cautious before data on manufacturing that could help determine the chances for a Federal Reserve interest rate cut later this month. The Dow Jones industrial average .DJI ...
    2007-12-03 07:48:00

  • Bank of Canada injects C$1 bln into market

    Reuters - OTTAWA, Dec 3 (Reuters) - The Bank of Canada injected a total of C$1 billion ($1 billion) into markets on Monday to lower the overnight interest rate toward the central bank's target and improve liquidity. It operates through Special Purchase and ...
    2007-12-03 09:14:00

  • Major Asian markets end largely flat as investors await Fed's interest ...

    CNBC - BANGKOK, Thailand - Major Asian markets ended little changed Monday as investors were reluctant to place big bets ahead of next week's interest rate decision by the U.S. Federal Reserve. Benchmark indices in Hong Kong, Shanghai, Singapore, Sydney and ...
    2007-12-03 03:09:00

  • Surprise UK factory data lift sterling

    Financial Times - Sterling climbed against the dollar and euro on Monday after robust UK manufacturing data cut expectations of an interest rate cut this week. The purchasing managers’ manufacturing index for November rose unexpectedly from 52.8 to 54.4 in October ...
    2007-12-03 10:40:00

  • European markets close lower

    News.com.au - EUROPEAN stock markets closed lower overnight in a muted start to the week as investors eyed forthcoming interest rate decisions in Britain and the eurozone. The London FTSE 100 index closed down 0.71 per cent at 6386.60 points, in Paris the CAC 40 ...
    2007-12-03 11:45:00

  • Forex - Canadian dollar at 2-month low vs usd ahead of BoC rate ...

    Forbes - LONDON (Thomson Financial) - The Canadian dollar fell to its lowest level in over two months against its US counterpart ahead of tomorrow's interest rate decision by the Bank of Canada. There is a risk that rate-setters will opt to follow the lead of ...
    2007-12-03 05:18:00

  • Amsterdam shares off midday as all eyes on US Fed interest rate ...

    Forbes - AMSTERDAM (Thomson Financial) - Shares in Amsterdam were off midday, with all eyes on the US Federal Reserve and a potential interest rate cut expected sooner rather than later, dealers said. At 1.03 pm, the AEX was down 3.17 points or 0.62 pct at ...
    2007-12-03 04:28:00

  • Sterling rises after data dims rate cut view

    Reuters UK - LONDON, Dec 3 (Reuters) - Sterling rose versus the dollar and euro on Monday after unexpectedly strong manufacturing data led investors to trim expectations of an interest rate cut later this week. Analysts are split over whether weak housing data ...
    2007-12-03 07:27:00

  • RPT-U.S. mortgage industry hashes out rate-freeze plan

    Reuters - WASHINGTON, Dec 1 (Reuters) - Mortgage industry executives worked on Saturday to hammer out details of a homeowner rescue plan that would freeze interest rates on some U.S. subprime mortgages for up to seven years, but questions remained over how to ...
    2007-12-03 09:21:00

  • Bank lending rate continues to rise

    MSN UK News - One of the rates at which banks lend to each other soared to its highest level in almost nine years as fears grew of a New Year credit freeze. The interest rate for one-month Libor - London interbank offered rate - hit 6.72% from 6.09% on Friday as ...
    2007-12-03 08:38:00

  • Lex: UK interest rate decision

    Financial Times - Doing nothing is a perfectly rational and probably under-used policy response – but it can look like indecision. This is the dilemma facing the UK’s monetary policy committee, as it prepares to set benchmark interest rates on Thursday. Reasons ...
    2007-12-03 06:51:00

  • Bovespa Gains on Rate Outlook, Led by Eletrobras: Latin Stocks

    Bloomberg - Dec. 3 (Bloomberg) -- Brazil's main stock index gained for a fifth day after a report on U.S. manufacturing increased the likelihood the Federal Reserve will cut interest rate and make high-yielding Brazilian assets more attractive. The Bovespa index ...
    2007-12-03 09:57:00

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