Mortgage and Financial News From 2007-12-28 Page 12

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  • Thurmond touts Clinton thoughts on mortgage crisis (Atlanta Journal-Constitution)

    Georgia Labor Commissioner Michael Thurmond said Friday that Democratic presidential hopeful Hillary Clinton's plan to deal with the nation's mortgage crisis could pay dividends here.
    2007-12-28 12:19:03
  • Mortgage service firm files for bankruptcy (Norwalk Advocate)

    Greenwich-based ARH Mortgage Inc., a provider of services to home lenders, filed to liquidate its assets under bankruptcy protection.
    2007-12-28 02:18:00
  • Agency late on mortgage lender reviews (Baltimore Examiner)

    The state's financial regulation office has not reviewed mortgage lenders within the time frame required by state law, and licenses issued to those lenders have not been reviewed by department personnel to ensure they're given only to qualified applicants, according to an audit of the office released Wednesday.
    2007-12-28 05:57:45
  • Sallie Mae Raises at Least $3 Billion From Offerings (Update4)

    Bloomberg - Sallie Mae said it stopped billing for such payments, which guarantee student lenders a minimum interest rate of 9.5 percent, at the end of 2006. ``We believe that our billing practices were consistent with longstanding department guidance,'' Sallie ...
    2007-12-28 12:12:00
  • US STOCKS-Wall Street set to open higher, financials in focus

    Reuters - After the weak economic data this week, there is market chatter again about an interest rate cut," he added. S&P 500 futures were up 8.40 points, well above fair value, a mathematical formula that evaluates pricing by taking into account ...
    2007-12-28 11:51:00
  • Treasuries Gain After New Home Sales Decline to a 12-Year Low

    Bloomberg - Treasuries have returned 8.1 percent this year as traders anticipate the Federal Reserve will extend interest-rate cuts next month. ``The argument for a potential recession has been fortified,'' said Andrew Harding, chief investment ...
    2007-12-28 11:58:00
  • Agency MBS to struggle in '08 as risks abound

    Reuters - The global credit market crisis dried up liquidity and caused interest rate volatility to rise, hurting prices on agency MBS in 2007. These negative factors are not seen improving any time soon, while other conditions are expected to worsen in 2008 ...
    2007-12-28 11:58:00
  • Tetragon Financial Group Limited (TFG) Announces Update on its Share ...

    Forbes - ... Financial Group Limited (TFG) currently invests through long-term funding vehicles such as collateralized loan obligations (CLOs) in selected securitized asset classes and aims to provide stable returns to investors across various interest rate and ...
    2007-12-28 09:28:00
  • Dollar tumbles on weak housing data, Pakistan fears

    Reuters - The housing report, which was weaker than economists had expected, also bolstered the case for more Federal Reserve interest rate cuts in 2008. Earlier this week, the S&P/Case-Shiller index showed a record decline in U.S. home prices in October. "This ...
    2007-12-28 10:53:00
  • Dollar Slides on Weak Housing Data

    CNBC - The housing report, which was weaker than economists had expected , also bolstered the case for more Federal Reserve interest rate cuts in 2008. Earlier this week, the S&P/Case-Shiller index showed a record decline in U.S. home prices in October ...
    2007-12-28 11:15:00
  • 'Carried interest' tax issue hits heart of VCs

    Stockhouse Canada - A proposal to double the rate venture capitalists are taxed on their earnings is not only a major issue in the coming year, but some in the industry contend that it's one of the most important issues faced by the VC industry in a decade. The proposal ...
    2007-12-28 11:58:00
  • Pound strikes fresh lows vs euro

    International Herald Tribune - LONDON : Sterling hit fresh record lows versus a broadly strong euro on Friday after a report of easing house price inflation firmed expectations of near-term interest rate cuts. The Nationwide building society said house prices fell 0.5 percent on ...
    2007-12-28 07:26:00
  • Japan Prices Jump, Factory Output Falls

    Chicago Tribune - The Bank of Japan kept its key interest rate unchanged at 0.5 percent at its policy meeting earlier this month, still the lowest rate among major industrialized countries. Industrial production, meanwhile, fell 1.6 percent in November from the ...
    2007-12-28 11:36:00
  • COMPANIES & MARKETS

    Daily Telegraph - Warner Music Group has finally bowed to mounting pressure from the MP3-generation, after agreeing to sell music online without copyright protection on Amazon.com's online music store. Further interest rate cuts are unlikely to spark a big recovery in ...
    2007-12-28 10:25:00
  • Colombia Bank Says Inflation Remains Above Targets (Update1)

    Bloomberg - Dec. 28 (Bloomberg) -- Colombia's central bank said some of its policy makers are concerned that inflation remains too high and can't rule out further interest rate increases. Economic growth remains robust, bankers said, according to the minutes of ...
    2007-12-28 11:15:00