Mortgage and Financial News From 2007-9-19 Page 16

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  • THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 BST

    CNBC - ... day after the Federal Reserve moved to calm fears about expanding home mortgage ... starts and permits for future construction both fell last month to their lowest ... time high to the dollar after yesterday's cut in Federal Reserve interest rates ...
    2007-09-19 07:40:00

  • BOJ Keeps Rate at 0.5% as Economy Shrinks, Fed Cuts (Update4)

    Bloomberg - Mizuno said last month Japan needs to raise rates to prevent the kind of excess borrowing that helped trigger the U.S. subprime mortgage crisis. Japan's short-term rate is the lowest among major economies. ``This presumably explains his vote ...
    2007-09-19 03:22:00

  • U.S. stocks traded higher as Wall Street extended a rally in response ...

    CNBC - ... billion) next week into money markets in a bid to bring three-month interest rates ... over the past days, when panic-stricken depositors queued in front of the mortgage ... They closed down 17% after having fallen 20% during the day to the lowest level ...
    2007-09-19 08:59:00

  • Bank of Japan Holds Rates Steady As U.S. Economic Concerns Prevail

    Wall Street Journal - Bank of Japan board members voted 8-1 Wednesday to keep interest rates steady, due ... call loan rate -- the policy interest rate -- unchanged at 0.50%, the lowest rate ... over the U.S. economy and world financial markets, after the subprime mortgage market ...
    2007-09-19 06:14:00

  • Dollar Rises From Record Low as Investors Sell Euro on Options

    Bloomberg - ... loss in more than two months yesterday after the first reduction in interest rates ... 10 a.m. in Washington before the House Financial Services Committee on the mortgage ... while housing starts fell to an annualized 1.331 million during August, the lowest ...
    2007-09-19 11:43:00

  • Dollar Slips to 15-Year Low After Fed Slashes Rates

    CNBC - ... basket of currencies on Wednesday after the Federal Reserve cut interest rates by ... The dollar fell broadly, pushing its trade-weighted index to 79.091, its lowest ... stay cautious on worries about more bad news tied to the U.S. subprime mortgage ...
    2007-09-19 03:22:00

  • Stocks Continue to Rally Amid Predictions of More Rate Cuts

    CNBC - U.S. home construction starts fell 2.6% in August to their lowest level in more than 12 years ... Turbulent credit markets resulting from ongoing problems in the home mortgage sector prompted the Fed to lower interest rates by half a percentage ...
    2007-09-19 08:37:00

  • Treasury 10-Year Notes Fall on Inflation View After Fed Cut

    Bloomberg - ... speculated inflation will accelerate after the Federal Reserve cut interest rates ... He recently sold Treasuries to fund purchases of high-yield and mortgage debt ... Building permits dropped 5.9 percent to a 1.307 million pace, also the lowest since ...
    2007-09-19 12:40:00

  • UPDATE 2-Fed cut may revive loan, CLO market-Wall St execs

    Reuters - ... 19 (Reuters) - The Federal Reserve's deep cut in benchmark U.S. interest rates ... the overnight federal funds rate down 50 basis points to 4.75 percent, its lowest ... have been battered in recent months as the crisis in the subprime mortgage market ...
    2007-09-19 12:40:00

  • UPDATE 2-US mortgage applications rose in Sept. 14 week-MBA

    Reuters - A government report on Wednesday said housing starts in August fell to their lowest level in more than 12 years ... Fixed 30-year mortgage rates rose 4 basis points to 6.29 percent last week, the MBA said. The rate on one-year adjustable ...
    2007-09-19 11:22:00

  • Consensus On Maintaining Interest Rates Unchanged At BoE's September Meeting (Nasdaq)

    (RTTNews) - The Monetary Policy Committee of the Bank of England voted unanimously to retain interest rates at 5.75%, minutes of the meeting published on Wednesday revealed.
    2007-09-19 08:54:19

  • Credit Crunch Continues, Thornburg Exec Says

    Street.Com - He notes that companies are still having difficulties selling short-term commercial paper, a type of debt financing used by mortgage lenders to help fund loans. Scant few asset-backed and mortgage-backed securities have been structured and sold into ...
    2007-09-19 11:58:00

  • Northern Rock Issues $10 Billion of BOE-Eligible Debt (Update1)

    Bloomberg - Sept. 19 (Bloomberg) -- Northern Rock Plc, the bank bailed out by the U.K. government, issued and then bought back 5 billion pounds ($10 billion) of mortgage-backed bonds that it can use to draw Bank of England loans. The bonds, issued Sept. 17, are ...
    2007-09-19 10:03:00

  • Morgan Stanley profit hit by credit crunch

    Reuters - NEW YORK (Reuters) - Morgan Stanley (MS.N: Quote , Profile , Research ) on Wednesday said third-quarter profit fell as the summertime freeze in mortgage and corporate loan markets forced the bank to mark loans down by $940 million, but shares held ...
    2007-09-19 12:19:00

  • Bernanke: GSEs can help on subprime despite caps

    Reuters - WASHINGTON (Reuters) - Fannie Mae FNM.N and Freddie Mac FRE.N need not expand their investment holdings for the mortgage finance companies to buy up more subprime loans, Federal Reserve Board chairman Ben Bernanke said in a letter released Wednesday ...
    2007-09-19 11:29:00

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