Mortgage and Financial News From 2007-12-3 Page 8

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  • Deal Near on Mortgage Defaults (BusinessWeek)

    Treasury Secretary Paulson says a deal is near to help homeowners avoid defaults by temporarily freezing their interest rates
    2007-12-03 11:01:54
  • Subprime standards out 'soon,' Paulson says

    Marketwatch - The administration and Congress have been scrambling to address the woes in the subprime-mortgage market. Interest rates on about 2 million adjustable-rate mortgages are set to rise over the next two years, with many foreclosures a possible result
    2007-12-03 01:32:00
  • Tough times for traders when even beer and hamburgers become luxuries

    Guardian Unlimited - Not only are we up against strong comparables for this period, but the previous interest rate increases continue to affect consumers," SCS said. "When combined with the high-profile collapse in the sub-prime debt markets and the resultant credit ...
    2007-12-03 03:41:00
  • Public Utility Commission Sets 2008 Interest Rates

    KCBD - Customers will receive 4.69 percent interest on utility deposits. The 5.21 percent rate for over billings is based on the 90-day prime commercial paper rate over the last 12 months. The 4.69 percent rate for deposit refunds is based on the average ...
    2007-12-03 02:22:00
  • Paulson Dons His Subprime Cape

    Street.Com - ... executives were close to an agreement that would extend the teaser rates on some subprime mortgages that promoted low interest ... Paulson identified four categories of subprime borrowers -- those who can afford their adjustable rate mortgage; those who ...
    2007-12-03 09:00:00
  • Locals immune from sub-prime debt hike

    News.com.au - THE US sub-prime debt crisis may have led to some debt-funded buyout deals being ... the deals, and often the larger companies have cash flow and are able to pay interest ... at the time of acquisition and so sourced most of their funding at a fixed rate ...
    2007-12-03 02:44:00
  • U.S.'s Paulson says mortgage relief plan nearly ready

    San Diego Union-Tribune - In an ABC Television interview last week, Paulson said the Treasury was aiming to craft an initiative that will help the ”middle group” of borrowers who have the financial ability to own a home but could not survive a big interest rate increase ...
    2007-12-03 10:04:00
  • Regulators said to generally agree on loan plan

    Reuters - Details over which mortgages would be considered for an automatic interest rate freeze of five to seven years are still under discussion. The proposal is aimed at helping people with mortgages on owner-occupied homes and not to reward real ...
    2007-12-03 01:03:00
  • Hold on for interest-rate rises

    News.com.au - Prime Minister Kevin Rudd yesterday urged banks to consider the plight of working families when considering whether to lift interest rates. Mr Rudd said once the RBA sets the official cash rate, the commercial bank sector should take that as the base ...
    2007-12-03 04:02:00
  • Paulson says mortgage rate-freeze plan coming together

    Chicago Tribune - WASHINGTON - Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates. Paulson told a national housing conference ...
    2007-12-03 10:33:00
  • Paulson poised to sign rescue deal with banks over sub-prime mortgage ...

    Times Online - An initial interest rate of about 7 per cent is charged on a typical sub-prime mortgage for the first two or three years. This is higher than mainstream home loans offered to more credit-worthy borrowers, but below the 9.5 to 11 per cent that sub ...
    2007-12-03 02:44:00
  • Rate rise would hurt families: Rudd (Ararat Advertiser)

    Prime Minister Kevin Rudd has asked the banks to consider the plight of working families when considering whether to lift interest rates.
    2007-12-02 03:15:31
  • Market interest rate jumps to nine-year high (Guardian Unlimited)

    Banks scramble to secure cash to tide them over the Christmas period in further proof that the credit crunch - now nearly four months old - is far from over
    2007-12-03 10:48:59
  • London shares lower midmorning, ahead of rate decision, RBS trading statement (Sharewatch)

    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.
    2007-12-03 02:32:03
  • Market interest rate at nine-year high (Guardian Unlimited)

    Business & money: Banks scramble to secure cash before Christmas period, in further sign that credit crunch is far from over
    2007-12-03 10:57:06