Mortgage and Financial News From 2007-12-13 Page 13

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  • UPDATE 2-Irish Life warns on credit crisis, shares slide

    Reuters UK - ... be "flat or slightly ahead" next year if funding costs for banks remained at current "extraordinarily high levels" until the end of March and then settled back to 40 basis points above European Central Bank (ECB) interest rates. "However were current ...
    2007-12-13 12:23:00

  • Turkish central bank cuts rates as expected

    Guardian Unlimited - ... that the central bank's priority is price stability and underlined that despite recent rate cuts the current level of short-term rates ... Buoyed by high interest rates -- hiked sharply last year amid an inflation shock and market sell-off -- the ...
    2007-12-13 09:24:00

  • Dow Chem. Joint Venture Deal Nets $9.5B

    Chicago Tribune - GRAND RAPIDS, Mich. - Dow Chemical plans to sell a 50 percent interest in five of its global businesses to a Kuwaiti company ... The joint venture will be based in the U.S. and employ more than 5,000 people worldwide, mostly current Dow employees, the ...
    2007-12-13 12:23:00

  • US expected to cut interest rates again (AAP via Yahoo!7 Finance)

    Faced with a spreading mortgage crisis, the US Federal Reserve is expected to cut interest rates for a third time.
    2007-12-11 04:22:12

  • SNB holds Swiss rates, says uncertainty abounds (Washington Post)

    ZURICH (Reuters) - The Swiss National Bank kept interest rates unchanged on Thursday for the first time in over two years despite rising inflation, and said it was closely watching threats to the economy from the global credit crisis.
    2007-12-13 02:37:57

  • Forex News: Asian Equities Continue Sell Off, Global Central Banks Fail to Affect Interest Rates. (Forex Capital Markets via Yahoo!7 Finance)

    Fundamental Headlines •    AUDUSD – Australia added more than double the expectations increasing the shortage of skilled laborers. The number of people employed increased by 52,600, this was the 13th consecutive increase. The jobless rate rose to 4.5% as the strong labor market encouraged more people to look for work. •    USDCHF – The Swiss Natiaonal Bank left interest rates unchanged for the ...
    2007-12-12 04:11:55

  •  HM Revenue & Customs Interest Rates (Government News Network)

    New rates of interest are announced today.
    2007-12-13 04:15:07

  • Across the pond, home prices falter

    Herald Tribune - LONDON -- Dave and Nicole Anderson had planned to usher in the New Year in a new, larger home -- an upgrade made ... Concerns about widespread falls were bolstered by a November report from mortgage lender Halifax showing that British house prices ...
    2007-12-13 12:30:00

  • Countrywide's Foreclosures Double, Late Payments Rise (Update2)

    Bloomberg - Dec. 13 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said foreclosures doubled in November and ... Falling home prices and rising defaults have peeled about 77 percent from Countrywide's market value this year, making ...
    2007-12-13 08:55:00

  • Killer's Wife Charged With Fraud To Pay His Legal Bills

    BayInsider - The complaint says she then cashed out the equity in the home and defaulted on her mortgage. Garcia filed for bankruptcy in January, costing her lender more than $132,000. She is free on $50,000 bond, and her attorney says she will fight the charges
    2007-12-13 10:57:00

  • Sallie Mae shares fall 10.8% on lower forecast

    Baltimore Sun - ... Mae's stock price sank more than 10 percent yesterday after the student lender cut ... on student loans, and credit-market tremors similar to those linked to the mortgage ... About baltimoresun.com | About The Baltimore Sun | Tribune | Sun Store | Get home ...
    2007-12-13 01:17:00

  • Countrywide's Loans Drop 40 Percent In 1 Year

    CBS 2 KCAL 9 - The nation's No. 1 mortgage lender announced in September that it would cut up to 12,000 jobs -- about a fifth of its staff. Countrywide also has been hit with a flurry of lawsuits from shareholders who claim the company misled them about its ...
    2007-12-13 10:35:00

  • Northern Rock takes $574-million credit hit

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... Troubled U.K. mortgage lender names new CEO as it works through the process of selling the ... Please let us know if this reader’s comment breaks the editor's rules and ...
    2007-12-13 03:47:00

  • Northern Rock CEO Steps Down

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Rock PLC's chief executive is stepping down immediately rather than staying on until February, the troubled mortgage lender said ...
    2007-12-13 02:57:00

  • Global Stocks, U.S. Futures Drop; UBS, Mitsubishi UFJ Decline

    Bloomberg - HBOS Plc had its steepest retreat since 2003 after the U.K. mortgage lender forecast lower profit margins. Lehman Brothers Holdings Inc. fell in German trading before reporting earnings. ``Central banks have the will to help, but they ...
    2007-12-13 04:45:00

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