Mortgage and Financial News From 2007-12-19 Page 3

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  • The Investment Column: Moneysupermarket bounces back to restore ...

    The Independent - ... make online comparisons of prices of everything from mortgages and savings rates ... in areas such as home services – giving consumers the opportunity to compare ... While the money sites, giving mortgage and savings price advice, were ahead at 30 ...
    2007-12-19 04:19:00

  • Morgan Stanley Swings to Loss Amid Mortgage-Related Woes

    Wall Street Journal - ... swung to a fourth-quarter loss as the company took $9.4 billion in mortgage-related ... The $9.4 billion in write-downs compare with the $3.7 billion the company announced ... Standard & Poor's placed Morgan Stanley's debt, which it rates double-A, on ...
    2007-12-19 10:57:00

  • Federal Reserve Endorses Home Mortgage Plan (WBOC Salisbury)

    WASHINGTON (AP)- The Federal Reserve endorsed new rules Tuesday that would give people taking out home mortgages new protections against shady lending practices.
    2007-12-19 06:59:42

  • Crist Asks Lawyers To Review Suing Property Insurers Over Rates (WJXT Jacksonville)

    TALLAHASSEE, Fla. -- Gov. Charlie Crist has asked three trial lawyers to build a case for a possible class-action lawsuit against property insurers, alleging that the industry hasn't passed on savings to consumers as required by a new Florida law.
    2007-12-19 10:05:53

  • Insurance Commissioner OKs 2008 Rates (WCVB Boston)

    The Massachusetts insurance commissioner has approved 2008 rates for eight auto insurers after finding their rate proposals appear to be fair to consumers.
    2007-12-19 01:19:32

  • Fed Endorses New Home Mortgage Plan (WJLA-TV Washington D.C.)

    The Federal Reserve endorsed new rules Tuesday that would give people taking out home mortgages new protections against shady lending practices.The proposed rules, approved in a 5-0 vote by the board, are geared to providing safeguards to the riskiest "subprime" borrowers, already painfully stung by the housing and credit debacles.
    2007-12-19 04:16:29

  • Reverse mortgage threatens family's home (9 News Denver)

    DENVER – When Janet Thompson's family moved into their home on Monaco Street in 1962, she knew they'd be there forever.
    2007-12-19 07:51:25

  • Philippine shares close firmer after 4-day decline - UPDATE

    Forbes - ... following Wall Street's lackluster performance overnight and ahead of the Philippine central bank's decision on interest rates ... In September, Ayala Corp announced it would buy back shares worth 2.5 billion pesos or about 1.3 percent of its current ...
    2007-12-19 09:20:00

  • Strong demand for Fed auction in special liquidity move

    New Straits Times - The oversubscription and the interest rate are key gauges of the liquidity problems in financial markets, signalling how ... Analysts have fretted that these high rates suggest banks are being cautious and credit is drying up. "It is no magic bullet ...
    2007-12-19 03:36:00

  • ECB's Trichet vows to stop knock-on inflation rises

    Reuters - The ECB would not hesitate to act if needed to head off a wage-price spiral, he said, although he gave no indication that any change in euro zone interest rates from the current 4.0 percent was imminent. "We are here to tell you we will not ...
    2007-12-19 09:02:00

  • Ariz. Promotes Relief for Foreclosures

    MSN MoneyCentral - ... agreements with lenders consistent with terms of a recently announced federal initiative to make loan "workouts" available to subprime borrowers that are still current with their payments but whose loans are poised to "reset" at higher interest rates ...
    2007-12-19 12:23:00

  • Fitch Rates New York State Dormitory Authority's $30MM BOCES Bonds 'A ...

    Forbes - ... the Nassau County Board of Cooperative Educational Services (BOCES). (Fitch rates ... annually on Sept. 1 for debt service payments due the following Feb. 15 for interest ... actual financial services industry losses and related fallout tied to the current ...
    2007-12-19 01:20:00

  • Fitch Rates Cabarrus County, North Carolina's $65.5MM COPs 'AA ...

    Forbes - Fitch Rates Cabarrus County, North Carolina's $65.5MM COPs 'AA-'; Outlook Stable ... trust that grants the corporation a benefit of first lien in the leasehold interest ... of the closing, the future potential use of the land, and many of the current ...
    2007-12-19 02:03:00

  • S&P downgrade of insurer affects bonds

    CNBC - Many say they have set interest rates on their current bonds, and while it could affect the cost of future bond issues, most small local governments don't bond out projects that frequently. That's the case for the Leon County Education Facilities ...
    2007-12-19 03:50:00

  • New Zealand Dollar Falls on Prospect Rate Increases Are Over

    Bloomberg - The currency extended losses as a report showed the nation's current account deficit widened in the year to September as dairy and meat exports declined, eroding the central bank's need to boost interest rates again. New Zealand's record 8.25 percent ...
    2007-12-19 02:46:00

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