Mortgage and Financial News From 2007-9-20 Page 3

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  • China's housing mortgage loans face rising risks: report (People's Daily)

    China's commercial banks are entering a high risk period for increasing housing mortgage loans, according to a report released by the China Construction Bank (CCB), the country's second largest commercial lender. China's banks could fac ...
    2007-09-20 05:08:37

  • San Diego Gas & Electric Issues $250 Million of First-Mortgage Bonds

    MSN MoneyCentral - SAN DIEGO, Sept. 20, 2007 (PRIME NEWSWIRE) -- San Diego Gas & Electric (SDG&E), a unit of Sempra Energy (NYSE:SRE), today closed a public offering of $250 million of 30-year first-mortgage bonds. The bonds have an interest rate of 6.125 percent, with ...
    2007-09-20 01:44:00

  • Banks follow Fed by cutting prime rate

    CNN Money - NEW YORK (AP) -- Six major banks lowered their prime rates by half of a percentage point Tuesday after the Federal Reserve cut its key interest rate. Wells Fargo ( Charts , Fortune 500 ), M&T Bank ( Charts , Fortune 500 ), PNC Financial ( Charts ...
    2007-09-17 05:58:00

  • Are floating rates better than fixed interest rate?

    Straits Times - SINCE the Prime Minister's National Day Rally speech, the message I have been getting is that 'the Government wants to adjust the status quo to assist citizens, CPF members to deal with old-age employment and health issues'. Thus, I am not ...
    2007-09-20 10:16:00

  • Fed slashes key rate to stir lenders

    Los Angeles Times - WASHINGTON -- -- The Federal Reserve slashed its key interest rate Tuesday, moving to deliver shock therapy to financial markets nervous about sub-prime mortgages and a stubborn credit crisis. The half-point cut in the benchmark short-term rate was ...
    2007-09-18 10:57:00

  • Further rate cut 'likely'

    Nation - Thailand - Moreover, companies that have borrowed from foreign creditors will turn to tap lower-rate domestic sources of funds instead. The US sub-prime mortgage crisis has also led to higher interest rates, because of heightened market concern about credit ...
    2007-09-20 08:10:00

  • Bernanke bets the house in interest rate cut gamble

    Gulf News - Over the past 10 years, 30-year fixed-rate mortgages for prime borrowers have featured interest rates anywhere from 1.38 per cent to 2.26 per cent above 10-year note yields. That spread mushroomed as much as a half percentage point in just the last ...
    2007-09-20 05:26:00

  • Boediono hopes BI will resume rate cuts

    Jakarta Post - The country's top economics minister says he hopes Bank Indonesia will avail of the opportunity provided by the U.S. Federal Reserve's rate cut to reduce its own benchmark interest rate so as to further lower borrowing costs and help prime pump the ...
    2007-09-20 09:08:00

  • Bear Stearns emerges as Wall Street's biggest loser from turmoil

    Guardian Unlimited - ... on financial services, Mr Bernanke warned that trouble was not over for homeowners struggling to hang onto their homes: "With house prices still soft and many borrowers of recent-vintage sub-prime [loans] still facing their first interest-rate resets ...
    2007-09-20 06:59:00

  • US Bancorp Cuts Prime Lending Rate (AP via Yahoo! Finance)

    U.S. Bancorp on Tuesday said it will lower its prime rate by one-half of a percentage point, following the Federal Reserve's move to cut its key interest rate.
    2007-09-18 01:26:46

  • SunTrust Cuts Prime Rate (AP via Yahoo! Finance)

    SunTrust Banks Inc. on Tuesday lowered its prime rate one-half of one percentage point after the Federal Reserve cut its key interest rate.
    2007-09-18 01:22:57

  • Kevin Harvick Drives Efforts to Assist Boys & Girls Clubs of Delaware

    Forbes - RoadLoans is a leading direct-to-consumer auto finance company specializing in new and used vehicle loans, consumer-to-consumer purchases and opportunities to refinance existing loans for customers with all types of credit and especially proud of its ...
    2007-09-20 08:57:00

  • The Investment Column: Kick up the backside may put HSBC back on the ...

    The Independent - The current credit crunch has been caused by banks refusing to lend to each other, making it difficult for some (such as Northern Rock) to refinance loans. With its robust capital base, that does not matter to HSBC. It looks like a very safe place ...
    2007-09-20 10:30:00

  • Fannie, Freddie debt lid eased

    Baltimore Sun - Bush had resisted requests to raise the limits, saying last month that he would allow the Federal Housing Administration to help subprime borrowers who have fallen behind in their mortgages to refinance. The new limits were announced a day after the ...
    2007-09-20 10:02:00

  • N.J. to refinance new stadium debt

    CNBC - EAST RUTHERFORD, N.J. (AP) - Even though New Jersey's two NFL teams are paying for the construction of a billion-dollar stadium in the Meadowlands complex, the state's taxpayers may not emerge unscathed. The New Jersey Sports and Exposition Authority ...
    2007-09-19 12:26:00

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