Mortgage and Financial News From 2007-10-31 Page 10

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  • Fed cuts key interest rate a quarter-point

    Los Angeles Times - WASHINGTON -- The Federal Reserve cut its key interest rate today for the second time in two months, hoping to prevent the housing downturn and the sub-prime mortgage crisis from ... He predicted the economy would grow at only a 1.5% annual rate in ...
    2007-10-31 12:55:00
  • New York Mortgage Trust 2007 Third Quarter Conference Call Scheduled For Wednesday, November 7, 2007 (PR Newswire via Yahoo! Finance)

    New York Mortgage Trust, Inc. is scheduled to report financial results for the third quarter ended September 30, 2007 after the close of market on Tuesday, November 6, 2007. On Wednesday, November 7, 2007 at 9:00 a.m.
    2007-10-31 06:15:00
  • Fed expected to cut interest rates today (The Daily Times)

    WASHINGTON -- With oil prices soaring and the housing market sinking, the Federal Reserve is likely to combat the economic turmoil with more interest rate cuts designed to ease a credit crunch that has roiled financial markets since this summer when investors suddenly became concerned about mounting losses from defaults on subprime mortgages.
    2007-10-31 11:20:47
  • Fitch Rates $834.1MM Morgan Stanley Mortgage Loan Trust Mtge P-T Ctfs, Series 2007-14AR (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch rates Morgan Stanley Mortgage Loan Trust mortgage pass-through certificates, series 2007-14AR as follows:
    2007-10-31 01:49:00
  • Fed Rate Cut Sought by Wall Street Would Have Only Limited Impact on Housing, Banking Sectors (Canadian Business)

    Alan Zibel October 31, 2007 - 2:20 p.m. WASHINGTON (AP) - The Federal Reserve's cut of a key interest rate Wednesday is unlikely to boost hard-hit banks and homebuilders much in the near term, analysts say.
    2007-10-31 01:25:34
  • Fed cuts key interest rate a quarter-point (Los Angeles Times)

    The central bank signals that the move, its second in as many months, will be it for a while. Stocks surge on the news. The Federal Reserve cut its key interest rate today for the second time in two months, hoping to prevent the housing downturn and the sub-prime mortgage crisis from undermining the health of the rest of the economy.
    2007-10-31 12:21:12
  • U.K. Nationwide Home Prices Rise Most Since June (Update1)

    Bloomberg - ... of properties is cushioning homeowners against the effects of higher interest rates, Nationwide Building Society said. The cost of a home advanced 1.1 percent to 186,044 pounds ($385,000) from September, Britain's fourth-largest mortgage ...
    2007-10-31 04:55:00
  • Consumers May Benefit From Today's Federal Reserve Interest Rate Cut

    Forbes - ... rates may favorably affect the housing market- The current oversupply of homes nationwide is reducing the prices of many homes, and the rate cut could help lower interest rates on fixed-rate mortgage loans. If you have been waiting to buy a home, now ...
    2007-10-31 12:05:00
  • Defaults on Insured Home Mortgages Rise 22 Percent (Update5)

    Bloomberg - A surge in home foreclosures is sapping profit at mortgage lenders and insurers including MGIC Investment Corp., the biggest, and No. 2 PMI Group ... on loans made to borrowers who can't keep up with higher payments as their two-year ``teaser'' rates ...
    2007-10-31 10:25:00
  • Fed cuts interest rates a quarter-point

    MSNBC - The Federal Reserve Wednesday cut interest rates for the second time in six weeks ... reduce costs for businesses and consumers on a wide range of loans including home ... billion in the latest quarter, largely because of investments in risky mortgage ...
    2007-10-31 11:22:00
  • Treasuries Decline After Fed Cuts Rates, Says Risks Balanced

    Bloomberg - Treasuries Decline After Fed Cuts Rates, Says Risks Balanced By Sandra Hernandez ... yesterday showed consumer confidence in the U.S. fell more than forecast and home ... sought the relative safety of government debt after the collapse of subprime mortgage ...
    2007-10-31 12:41:00
  • Fed cuts rates by quarter point

    MSN MoneyCentral - ... were roiled in August as concerns mounted over rising delinquencies in the U.S. mortgage market, have regained some stability since the Fed lowered rates by ... reports in recent weeks, including slipping consumer confidence and tumbling home sales ...
    2007-10-31 11:43:00
  • Stocks See-Saw after Fed Cuts Rates

    BusinessWeek - A lot of mortgage rate resets lie ahead and high inventories in the housing market continue to weigh on home prices, she said. "I don't think the Fed's out of the game yet in terms of not being there to lower rates," she said. "But they’re now ...
    2007-10-31 12:34:00
  • Easy Money

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... In September, it had cut rates by half a percentage point, an unexpectedly large ... don't in the succession of multibillion-dollar write-downs from the subprime mortgage ...
    2007-10-31 11:29:00
  • Fed cuts rates by quarter point (Reuters via Yahoo! News)

    The Federal Reserve cut interest rates on Wednesday, but said the risk of inflation was roughly equal to downside risks to growth, suggesting further rate reductions are far from a sure bet.
    2007-10-31 11:41:14