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

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  • No consensus on interest rates (Indian Express via Yahoo! India News)

    Opinion among bankers is mixed over whether interest rates are likely to soften, even as two state-owned banks-Central Bank of India and Canara Bank-on Wednesday reduced home loan interest rates by 50 basis points. Housing Development & Finance Corporation (HDFC) also recently cut home loan rates by 50 basis points to 10.5% as part of its festive offer. Central Bank and Canara Bank home loan ...
    2007-10-03 02:32:46

  • Mortgages For Those Who Lack Credit Data

    Washington Post - ... and have alternate credit lines -- such as rental payments, utility bills or a tithing record -- that a lender ... To participate in the mortgage program, called R-Home, potential borrowers will first go through credit counseling. One of two District ...
    2007-10-03 07:41:00

  • Morgan Stanley to cut about 600 mortgage jobs

    San Diego Union-Tribune - HSBC Holdings is closing its U.S. mortgage unit, cutting 750 jobs, while Countrywide Financial Corp, the largest U.S. home lender, will cut 12,000 jobs, or 20 percent of its work force. Analysts expect more lenders to cut jobs. STEP BACK? The moves ...
    2007-10-03 06:55:00

  • UPDATE 1-WNS Holdings raises 2008 revenue view; shares rise

    Reuters - In August, the company lowered its fiscal 2008 outlook as work stopped coming from U.S. mortgage lender First Magnus Financial Corp, which closed funding home loans and taking mortgage loan applications. But WNS boosted its 2008 revenue outlook ...
    2007-10-03 11:27:00

  • Countrywide Tries to 'Protect' Image

    Los Angeles Business Journal - Having suffered a barrage of negative headlines while battling to shore up its finances and shrink its work force of 60,000 by as much as 20%, the nation's largest home-mortgage lender is launching a PR blitz aimed at repairing its reputation. And it ...
    2007-10-03 08:38:00

  • Bear Stearns cuts mortgage jobs

    News.com.au - ... Tuesday, Morgan Stanley said it would slash 600 jobs as part of a restructuring of its residential mortgage business, about a quarter of its home ... Two months ago Bear Stearns cut 100 jobs at Encore Credit, a subprime lender bought last October for ...
    2007-10-03 04:27:00

  • Bank of England May Keep Key Rate Unchanged After Bank Panic

    Bloomberg - Northern Rock, the U.K.'s fifth-biggest mortgage lender, last month asked the central bank for a loan to help it weather the credit slump, and only a government guarantee ended the subsequent run on deposits on Sept. 17. Former policy maker Richard ...
    2007-10-03 04:49:00

  • Interest Rate Decision Due Later Today

    Sky.com - Home UK News MADELEINE World News Pictures Your Photos Video Business Money Strange News Politics Technology Weather Living Comment ... Sky News has learnt that two potential buyers are circling the UK's fifth largest mortgage lender, Northern Rock, after it lost ...
    2007-10-03 06:43:00

  • Canara Bank cuts rate on new housing loans by 0.50%

    Economic Times - BANGALORE: State-owned Canara Bank on Wednesday announced a 0.50 per cent cut in floating interest rates on home loans, indicating easing cost of funds that prompted segment leader HDFC too to rollback rates last week. The reduction in rates is ...
    2007-10-03 07:52:00

  • FOOD COST INFLATION FILTERS THROUGH TO PRICES

    ePolitix.com - However, we have yet to see the full effects of high interest rates on consumer spending and a rate cut now by the Bank of England would provide some much needed relief to consumers and retailers alike." Mike Watkins, Senior Manager, Retailer Services ...
    2007-10-03 08:42:00

  • Drought begins to bite at the checkout

    Sydney Morning Herald - Families could also face further pressure from higher interest rates, with the retail figures from the Bureau of Statistics indicating consumers shrugged off the latest attempt by the Reserve Bank to cool the economy. Consumer spending grew a solid 0 ...
    2007-10-03 12:31:00

  • Mexico's Peso Ends Weaker At MXN10.9040/Dlr As Stocks Retreat

    FXStreet.com - The peso has been supported in recent sessions by a recovery in the local stock market, and by expectations that inflation pressures could prompt the Bank of Mexico to raise interest rates in the fourth quarter. The central bank left the overnight ...
    2007-10-03 12:31:00

  • Central bank incurs losses on strong peso

    Manila Times - With the market expecting the central bank to cut its overnight interest rates today, the central bank, however, would be able to reduce its expenses, as the adjustment in the policy rates would also pull down ...
    2007-10-03 05:53:00

  • Rate cut by RBI looks remote

    Economic Times - Moreover, the domestic banking system is flooded with liquidity despite the advance tax outflows in September. Capital inflows are likely to continue with lower global interest rates and strong economic fundamentals. Given ample liquidity in the ...
    2007-10-03 07:26:00

  • Articles 1 to 10 of 334

    Wharton - What will be the long-term effects of the Fed's decision to cut interest rates? Will the U.S. economy move past the sub-prime mortgage mess? How will these developments affect the European market? Knowledge@Wharton spoke with Wharton finance ...
    2007-10-03 07:33:00

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