Mortgage and Financial News From 2007-11-12 Page 16

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  • India's Production Grows at Slowest Pace in 11 Months (Update4) (Bloomberg.com)

    Nov. 12 (Bloomberg) -- India's industrial production grew at the slowest pace in 11 months in September as decade-high interest rates crimped consumer demand and a stronger currency made exports less competitive.
    2007-11-12 03:42:55

  • Currency Regimes May be Tested in the Face of Dollar Weakness (Daily FX via Yahoo! Finance)

    The USD has to some extent lost its safe-haven status in connection with the ongoing financial market turmoil. In part due to the weaker USD and lower interest rates in the US we are probably heading for a period when currency regimes around the world will be increasingly questioned.
    2007-11-12 06:19:52

  • The other big policy launch ... from the RBA (Crikey)

    The Reserve Bank made clear this morning that for the next two years at least, we can expect little change in inflation around its present high level of 3% and therefore little change in the current level of interest rates of 6.7% for the bank's cash rate, or higher, if need be. Glenn Dyer reports.
    2007-11-11 06:54:53

  • India's industrial growth slows to 6.4 per cent in September amid high interest rates (Canadian Business)

    Rajesh Mahapatra, The Associated Press November 12, 2007 - 1:58 p.m. NEW DELHI - India's industrial growth slowed to 6.4 per cent in September, the government said Monday, stoking fears that the central bank's tight money policy and a stronger rupee was hurting the broader economy.
    2007-11-12 11:40:45

  • India's industrial growth slows to 6.4 per cent in September amid high interest rates (The Canadian Press via Yahoo! Canada News)

    NEW DELHI - India's industrial growth slowed to 6.4 per cent in September, the government said Monday, stoking fears that the central bank's tight money policy and a stronger rupee was hurting the broader economy.
    2007-11-12 10:58:00

  • Euro zone rates depend on turbulence fallout (RTÉ News)

    Interest rates in the 13-nation euro zone could rise if financial turbulence sparked by the US home loan crisis is contained, the IMF predicted today.
    2007-11-12 06:44:06

  • When your landlord forecloses

    CNN Money - ... states you may get a notice of default when your landlord stops paying the mortgage ... more time for yourself if you have a special reason for staying on in the home ... And contact the lender too. You may be able to gather up some incentives for moving ...
    2007-11-12 08:20:00

  • Barclays, Royal Bank Lose Shareholders' Confidence (Update6)

    Bloomberg - ... Officers Varley and Goodwin have provided little information to investors after record foreclosures on U.S. home loans ... Edinburgh-based HBOS Plc, the U.K.'s largest mortgage lender, said in August it would provide emergency financing to its Grampian ...
    2007-11-12 08:56:00

  • House price rises continue to slow

    Western Telegraph - The increase was down from a rise of 0.5% in August and a jump of 2% in July and left the average cost of a home in the ... Britain's biggest mortgage lender Halifax said last week that house prices dropped by 0.5% during October, following a 0.6% slide ...
    2007-11-12 08:06:00

  • Tyson, Countrywide among big movers on stock market Monday

    CNBC - The home lender said its access to public corporate debt markets could be "severely limited" if its ratings drop into junk ... E-Trade Financial Corp., down $4.71 at $3.88. The online brokerage said weakening mortgage-backed investments will cause a ...
    2007-11-12 09:53:00

  • Law changed after tenant tricks home owner

    St. Albans Observer - AN MP has successfully changed the law to ensure an Englishman's home really is his castle after a ... from the Land Registry website, which enabled scam artists to steal the owner's identity, re-mortgage it and leave the real owner fighting the lender ...
    2007-11-12 08:56:00

  • COLUMN-Credit crunch has only just begun

    Reuters UK - Washington Mutual, (WM.N: Quote , Profile , Research ) the sixth largest mortgage U.S. lender, said on Wednesday it expected depressed home loan demand and falling real estate prices through 2008. WaMu is also the subject of an investigation by New York ...
    2007-11-12 03:56:00

  • Terror Bill Included in Queen's Speech

    Associated Press - Make Missoulian.com your home page Get Firefox! ... The speech also promised legislation to shore up faith in the banking system after the run on troubled mortgage lender Northern ...
    2007-11-12 07:16:00

  • Losing a home

    Newsday - ... gathering came to order, a court official called out the first property, a home on Covert Street in Hempstead. The representative of the bank that held the mortgage ... Many never make it there, as the homeowners declare bankruptcy or get the lender to ...
    2007-11-12 04:53:00

  • Countrywide Issues Ratings Warning

    Wall Street Journal - In a quarterly filing with the Securities and Exchange Commission late Friday, the Calabasas, Calif., home-mortgage lender said that a cut in its ratings to levels below investment-grade could prevent it from placing funds from custodial accounts at ...
    2007-11-12 06:04:00

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