Mortgage and Financial News From 2008-9-17 Page 01
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The euro weakened against the dollar but strengthened against the ... - FXStreet.com
The US dollar rallied against a basket of currencies after the Fed agreed to bail out American International Group Inc and to keep benchmark interest rates at 2 %. Although many had anticipated a 25 basis point cut at yesterday’s FOMC meeting, the ...
2008-09-17 10:25:00 -
McCain and the meltdown - Detroit News
"The fundamentals of our economy are strong," John McCain said as Wall Street went into white-knuckle panic over diving investor confidence. Does he believe that? It doesn't really matter, because the Republican has outsourced his economic policy to ...
2008-09-17 09:57:00 -
Keep mortgage terms relatively short - ANZ - Stuff
The bank expects the Official Cash Rate (OCR) to be down to 6.5 percent by the end of the year, from 7.5 percent now. "We continue to recommend targeting a rate of one year or less," ANZ said today. "The big picture for interest rates is that they ...
2008-09-17 09:07:00 -
Mortgage rates set to go back up again - Daily Telegraph
Mortgages are likely to become more expensive again after the rate at which banks lend to each another surged to its highest level since 2001 on the back of the financial crisis. This rate, the overnight London Interbank Offered Rate - or Libor ...
2008-09-16 10:16:00 -
Wall St. turmoil strains NYC-area economy - Associated Press
NEW YORK (AP) -- As the financial equivalent of a hurricane swept through Wall Street on Monday, the New York metropolitan area braced for economic damage in the form of lost jobs, further plummeting tax revenues and more trouble in real estate ...
2008-09-17 09:28:00 -
Fed Said to Reverse Stance, Consider AIG Loan Package (Update3) - Bloomberg
Sept. 16 (Bloomberg) -- The Federal Reserve is considering extending a ``loan package'' to American International Group Inc. , the insurer facing a cash shortage, according to a person familiar with the negotiations. The stance by regulators is a ...
2008-09-16 01:44:00 -
Falling oil price may come too late to reverse slump - Minneapolis Star Tribune
It is a sign of remarkable times that the prospect of $100 oil is greeted with relief rather than trepidation. The price of a barrel of crude, having burst through $100 in February, peaked at $147 on July 11. Since then it has fallen by more than 25 ...
2008-09-15 04:44:00 -
U.K. Mortgage Giant HBOS in Merger Talks - Washington Post
Resize LONDON, Sept. 17 -- Britain's biggest mortgage lender, HBOS, severely bruised by the global credit crisis and facing concerns that it might collapse, was in merger talks Wednesday with Lloyds TSB. If the deal goes ahead -- and many analysts ...
2008-09-17 01:14:00 -
HBOS shares reverse gains - International Herald Tribune
LONDON : Shares in mortgage lender HBOS reversed gains in early trade on Wednesday, slumping more than 34 percent, as bank-to-bank lending remained strained. The interbank cost of borrowing overnight dollar funds was indicated as high as 8 percent ...
2008-09-17 12:50:00 -
Stocks sink after U.S. government bailout of AIG (CTV Toronto)
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2008-09-17 10:49:11 -
Robert Weissman: The Financial Re-Regulation Agenda (HuffingtonPost)
As the Federal Reserve and Treasury Department careen from one financial meltdown to another, desperately trying to hold together the financial system -- and with...
2008-09-17 11:01:34 -
Bank of Ireland issues profits warning (The Economic Times)
Shares in Irish financial stocks tumbled on Wednesday after Bank of Ireland issued a profits warning amid a growing volume of failing loans.
2008-09-17 12:56:35 -
Not-so-great depression (Washington State University Daily Evergreen)
National polls show the economy is the most pertinent issue on the minds of American voters. Rather than telling their constituents the cold, hard truth, both candidates fake empathy and tell the tear-jerking stories.
2008-09-17 09:56:39 -
Sky isn't falling, Hollywood moguls maintain (Reuters via Yahoo! Philippines News)
By Georg Szalai and Paul Bond
2008-09-17 09:58:52 -
AllRegs Achieves Training Milestone, Reaching Over 6,700 Professionals (Centre Daily Times)
AllRegs, the leading information provider for the mortgage lending industry, launched its education division, AllRegs Academy, in October 2006. Two years later, AllRegs is proud to announce that a record 6,741 professionals have either completed or are currently participating in AllRegs Academy educational programs.
2008-09-17 02:15:19