Mortgage and Financial News From 2007-10-6 Page 11
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Canada's Dollar Climbs to 31-Year High on Job Market Strength
Bloomberg - Oct. 6 (Bloomberg) -- Canada's dollar rose to a 31-year high on speculation the Bank of Canada will refrain from cutting interest rates amid signs of economic strength. The currency gained after Statistics Canada said the jobless rate fell to 5.9 ...
2007-10-06 06:15:00 -
Rate cut less likely after revision
Chicago Tribune - A key government employment statistic that had painted a particularly gloomy picture of the economy in August and represented one factor in the Federal Reserve's decision to cut interest rates not only showed improvement in September, but, it turns ...
2007-10-06 10:04:00 -
Interest rate cut might not be needed to fuel a fourth-quarter rally on Wall Street (Naples Daily News)
Although the prospects for a late October interest rate cut have dimmed, the chances for a yearend stock rally still seem quite good. Investors have been feeling more confident since the Federal Reserve cut rates a half percentage point on Sept. 18, and were looking for a repeat at the Fed’s Oct. 30-31 meeting to keep stocks driving higher.
2007-10-05 03:52:08 -
Interest rate cut might not be needed to fuel a fourth-quarter rally on Wall Street (San Jose Mercury News)
NEW YORK - Although the prospects for a late October interest rate cut have dimmed, the chances for a yearend stock rally still seem quite good.
2007-10-05 04:31:56 -
Lower your expectations for home-price appreciation
Palm Beach Interactive - Market Tools Local Stocks Florida Stocks Mortgage Rates Living Green Blogs Archives Opinion Editorials & Letters Columnists Don Wright ... Our tax rates (millage) should have been dropping like a stone as values were skyrocketing. Everybody knew the prices ...
2007-09-30 05:57:00 -
Cameron puts Tories on election footing with conference 'triumph'
Scotsman - DAVID Cameron yesterday energised the Conservatives with a strong and assured speech that left his party ready to take on Labour in a general election which could come as soon as next month. Mr Cameron capped a successful Conservative conference in ...
2007-10-06 08:17:00 -
Splitting up the family home
Seattle Times - One sibling has lived in the home taking care of the parent and wants to stay but can't qualify for a mortgage to buy out the others. Or the caregiver may have a financial windfall from the deceased outside of the will — perhaps in jointly held ...
2007-10-06 12:10:00 -
Homeowners face new pain as mortgage interest rates rise
New Zealand Herald - ASB Bank is fighting the spring campaign by launching a new website - www.iwantahome.co.nz - where it hopes people will go to find a new home. To promote the launch, ASB is offering new and existing mortgage holders the chance to win a new three ...
2007-10-06 09:07:00 -
Fitch Takes Various Rating Actions on 6 Sharps Net Interest Margin ...
Forbes - --$11.7 million class N-1 affirmed at 'AA'-; --$11 million class N-2 affirmed at 'BBB-'; --$6.8 million class N-3 affirmed at 'BB-'; Underlying Transaction: American Home Mortgage Assets Trust 2006-4 Sharps SP I LLC Net Interest Margin Trust, Series ...
2007-10-05 12:57:00 -
Tory cites Liberal mismanagement in Sarnia hospital fiasco
Globe and Mail - Home National British Columbia Prairies Ontario Quebec Atlantic Politics World Americas Europe Asia-Pacific Africa-Mideast Report on ... Smitherman compared Friday to the pre-approved limit on a mortgage, is nearly double the $140-million the hospital was estimate ...
2007-10-06 07:12:00 -
Builders' advice on surviving the slump
St. Petersburg Times - People with reasonable credit don't feel they can get a mortgage and that's not true. Builders have lots of home sites that they have to move. Time is going to be the biggest factor, working through the excess inventory. It's very challenging to time ...
2007-10-06 08:53:00 -
Alert neighbor saves Deer Park home from fire
Newsday - The house owned by Mark Shivers and his new bride was already in a precarious situation once this year when American Home Mortgage, which was financing his new Deer Park home, went belly-up in the subprime mortgage debacle this summer. Gone, too, was ...
2007-10-05 03:28:00 -
Polk Represented in Mortgage Group
The Ledger - Currently, the mortgage industry is facing a difficult time of sluggish home sales and timid buyers. But Turner thinks Polk is in a prime position. "I don't see Florida as being as vulnerable," Turner said of the local real estate and mortgage market ...
2007-10-06 05:25:00 -
American Home Mortgage Names WL Ross as Successful Bidder for American ...
Forbes - American Home Investment Corp. (OTC:AHMIQ) ("American Home") today announced that the stalking horse bid of AH Mortgage Acquisition Co., an entity sponsored by WL Ross & Co. LLC, was selected as the highest and best offer for American Home's mortgage ...
2007-10-05 01:12:00 -
11 mortgage-fraud suspects arrested
Miami Herald - In the first roundup of suspects under a new campaign to crack down on home loan fraud in Miami-Dade County, 11 people -- brokers, borrowers, sellers and title agents -- were arrested in three separate mortgage fraud schemes, police announced Friday ...
2007-10-05 11:56:00