Mortgage and Financial News From 2007-10-31 Page 8

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  • No Tricks Expected From Fed

    Forbes - ... product increased at a year-over-year rate of 3.9% for the third quarter, indicating continued growth, as the second ... in losses for the third quarter related to derivatives and collateralized debt obligations stemming from subprime mortgages ...
    2007-10-31 01:52:00

  • Fed cuts key rate another quarter-point

    USA Today - It was the second time in two months the central bank's policymaking Federal Open Market Committee reduced rates. The Fed ... Financial markets seized up in late summer, as concerns about rising defaults on higher-cost subprime mortgages ballooned into ...
    2007-10-31 11:08:00

  • IAC/InterActive Net Falls 4.2% as Mortgages Decline (Update1)

    Bloomberg - IAC/InterActive Net Falls 4.2% as Mortgages Decline (Update1) By Oliver Staley Oct. 31 (Bloomberg) -- IAC/InterActiveCorp, the ... Profit at the Ticketmaster ticket division, which rebounded from an operating loss in the second quarter, were held down by ...
    2007-10-31 05:31:00

  • Fed Cuts Key Rate

    Washington Post - ... with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the second ... markets this summer when investors suddenly became concerned about mounting losses from defaults on subprime mortgages. With ...
    2007-10-31 11:08:00

  • Fed Lowers Rate by a Quarter Point to 4.5 Percent (Update5)

    Bloomberg - The second reduction in as many months should help the U.S. economy withstand the fallout from August's credit collapse ... Merrill Lynch & Co. last week wrote down the value of subprime mortgages, asset-backed debt and leveraged loans by $8.4 billion
    2007-10-31 01:02:00

  • Defaults on Insured Home Mortgages Rise 22 Percent (Update2)

    Bloomberg - Defaults on Insured Home Mortgages Rise 22 Percent (Update2) By Josh P. Hamilton and Erik Holm Oct. 31 (Bloomberg) -- U.S ... was greater than we had expected,'' said Stephen Smith, the chief executive officer of PMI Group Inc., the second-largest ...
    2007-10-31 06:21:00

  • Fed lowers rates again amid U.S. housing crunch

    International Herald Tribune - Federal Reserve gave investors what they wanted Wednesday, lowering short-term rates for the second time in two months. But ... Defaults have climbed sharply on mortgages to subprime borrowers with weak credit histories, and analysts are predicting ...
    2007-10-31 01:02:00

  • Moody's to Cut Jobs in Next Two Months as Ratings Demand Slows

    Bloomberg - CDOs package bonds, mortgages and other assets, using the income to pay investors. Average staffing levels grew about 16 percent in the second quarter from a year earlier, mainly to support business growth in the U.S. and Europe, the ...
    2007-10-31 08:52:00

  • Fed delivers second US rate cut

    BBC News - Fed delivers second US rate cut ... These rises have been reflected in the rate at which mortgages have been set. They have particularly hurt those with poor ...
    2007-10-31 11:29:00

  • Fed Cuts Key Interest Rate For Second Time

    CBS News - ... with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the second ... markets this summer when investors suddenly became concerned about mounting losses from defaults on subprime mortgages. With ...
    2007-10-31 11:29:00

  • Fannie, Freddie market shares surge amid mortgage troubles, credit ...

    CNBC - In the third quarter, Fannie and Freddie purchased $342.3 billion in mortgages and mortgage securities, up nearly 3 percent from the second quarter, Bethesda, Md.-based Inside Mortgage Finance calculates. Their purchases accounted for about 60 percent ...
    2007-10-31 01:17:00

  • Witness for the Prosecution: Warren Buffett

    CNN Money - Buffett said he was uncomfortable, among other things, about an investment by Freddie Mac that was unrelated to its business as the nation's second-largest financier of home mortgages. "I follow the old dictum: There's never just one cockroach in the ...
    2007-10-31 01:38:00

  • Fed cuts by a quarter-point, suggests that might be it (Market Watch)

    WASHINGTON (MarketWatch) -- The Federal Reserve gave the economy its second anti-recession shot in six weeks on Wednesday, cutting short-term interest rates by a quarter-point, but signaled that it wants to hold off doling out any more medicine.
    2007-10-31 11:33:46

  • Fed cuts key rate a quarter-point (Los Angeles Times)

    The central bank signals that the move, its second in as many months, might be it for a while. Stocks surge on the news. 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 undermining the health of the rest of the economy.
    2007-10-31 12:21:12

  • Fed expected to cut rates Wednesday for a second time in an effort to ward off a recession (The Canadian Press via Yahoo! Canada News)

    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.
    2007-10-31 08:56:00

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