Mortgage and Financial News From 2007-10-31 Page 3

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  • Fed cuts interest rates a quarter-point (MSNBC)

    The Federal Reserve, confronted with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the second rate reduction this year.
    2007-10-31 11:20:12
  • Fed cuts interest rates a quarter point (Chicago Tribune)

    The Federal Reserve, confronted with surging oil prices and a slumping housing market, cut a key interest rate by a quarter-point on Wednesday, the second rate reduction this year.
    2007-10-31 11:44:56
  • Botswana: BoB Keeps Interest Rates Unchanged (AllAfrica.com)

    In an effort to maintain its inflation objective of 4 to 7 percent, the Bank of Botswana (BoB) has decided not to adjust interest rates any further for the remainder of the year.
    2007-10-31 11:26:14
  • Federal Reserve cuts interest rates (Daily Telegraph)

    The Federal Reserve has cut interest rates for the second time in as many months to help ward off the threat of recession in the world's largest economy.
    2007-10-31 11:33:57
  • US Central Bank Again Cuts Interest Rates to Ease Housing Market (Voice of America)

    The Federal Reserve, the US central bank, Wednesday cut short-term interest rates for the second time in as many months. VOA's Barry Wood reports the quarter-point cut was in line with financial market expectations.
    2007-10-31 02:03:45
  • (AFX UK Focus) 2007-11-01 04:45 GMT: Senior Australian banker sees interest rates rising next week (Interactive Investor)

    SYDNEY (Thomson Financial) - One of Australia's most senior bankers said Thursday he expects the central bank to tighten interest rates next week as inflation emerges as the number one threat to future economic growth.
    2007-10-31 09:53:06
  • Merrill Ousts O'Neal as Chief After Record Third-Quarter Loss

    Bloomberg - The loss followed O'Neal's $1.3 billion acquisition of mortgage lender First Franklin Financial Corp. O'Neal said the purchase ... Home Prices in U.S. Dropped a Record 4.4 Percent in Past Year, Survey Says Procter & Gamble Net Rises on Weaker ...
    2007-10-30 06:37:00
  • House Prices Rising Despite Scares - Survey

    Ananova - The average cost of a home rose by 1.1% this month, pushing annual growth to 9.7%, according to the Nationwide Building Society. The mortgage lender also says that, although price rises will slow over the next year, it does not expected a 1990s-style ...
    2007-10-31 05:56:00
  • Countrywide Shareholders Sue Mozilo Over Stock Sales (Update1)

    Bloomberg - The defendants sold $842 million in company stock while issuing false and misleading statements about the financial health of Countrywide, the biggest U.S. mortgage lender, the New England Teamsters and Trucking Industry Pension Fund alleged in a ...
    2007-10-31 10:03:00
  • Mortgage woes aid state lender (The Providence Journal)

    Rhode Island Housing is set to open a new help center as its loan volume soars above $1 billion during the third quarter.
    2007-10-31 04:33:22
  • Market opens positive; energy and telecom stocks move up

    Times of India - MUMBAI: The market opened slightly higher on Wednesday even as investors were cautious ahead of the US Federal Reserve outcome on interest rates expected late evening. Frontline energy and telecom stocks moved up, but banks continued to be weak after ...
    2007-10-31 02:39:00
  • US economy jumps 3.9% despite housing, credit woes

    Economic Times - Most analysts expected the Fed to lower interest rates to cushion the economy from the steepening housing downturn and and a related credit crunch. The Fed slashed its federal funds rate by a half point to 4.75 percent six weeks ago to ease ...
    2007-10-31 02:28:00
  • HKMA sells HK$7.8b to rein in dollar

    South China Morning Post - While the intervention failed to ease pressure on the Hong Kong dollar immediately, it did help lower interest rates. The overnight rate fell to 2.5 per cent from the previous 3.625 per cent, while the one-month rate dropped to 4.275 per cent from 4 ...
    2007-10-31 02:28:00
  • Q3 2007 Rayonier Inc. Earnings Conference Call - Final

    Insurance News Net - These five year notes were issued by our taxable resubsidiary and bear interest at 3.75% with a 22% conversion premium. To ... some real opportunities, but it seems that the timing is perhaps centered around the market and the land absorption rates ...
    2007-10-31 02:28:00
  • Oil surges to record at over $95 a barrel

    Saskatoon Star Phoenix - NEW YORK (Reuters) - U.S. oil hit a record over $95 a barrel on Wednesday, posting the biggest gain in 10 months after a steep drop in U.S. inventories fueled winter supply concerns and the U.S. Federal Reserve cut interest rates. U.S. oil rose $4.90 ...
    2007-10-31 03:47:00