Mortgage and Financial News From 2008-3-18 Page 11
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Lehman Brothers Reports First Quarter Results
Earthtimes - ... reflecting continued investments in growing the franchise and costs associated with the resizing of the Firm's mortgage ... measure because it reflects the common stockholders' equity deployed in our businesses. (c) We calculate net ...
2008-03-18 05:17:00 -
Why it's not too late to refinance
CNN Money - Money Magazine) -- Earlier this year, when mortgage rates dipped below 6% for the first time since 2005, homeowners rushed ... To calculate your equity, get an estimate of your home's current value at zillow.com or find out what comparable homes have ...
2008-03-16 05:58:00 -
UK Feb annual CPI inflation rises to 2.5 pct, fastest rise since May
Forbes - The ONS has changed the basket of goods that it uses to calculate the data as part of its annual review. ... This was partially offset by a fall in mortgage interest payments, fresh fruit, vegetables other than potatoes, and fresh ...
2008-03-18 02:46:00 -
The unraveling of Bear Stearns
San Francisco Gate - Bear Stearns is the most prominent casualty to date of what was once called the subprime mortgage crisis but has long since ... Just how vulnerable the financial system might be to failures of its biggest players is hard to calculate.
2008-03-18 07:11:00 -
UK consumer inflation hits 2.5%
BBC News - A key reason for the rise was the change in the method used to calculate energy bills. Retail Prices Index inflation, which includes mortgage interest payments, remained the same at 4.1% last month.
2008-03-18 02:54:00 -
Stock market off lows on Fed rate cut
News.com.au - ... dumped shares today after the US Federal Reserve in a shock move lowered the lending rate it charges to banks and bank shares plunged as the sub-prime ... The Fed is expected to cut its official interest rates sharply tomorrow night in a bid to avert ...
2008-03-16 04:46:00 -
High street banks hold out their begging bowls
Times Online - ... if they shop around. Whereas 3 years ago you could get one 0.5% above base rate ... Lets hope there's a 1% cut in interest rates very soon to take some of the pressure ... At the moment, US sub-prime is balmed for the "unwinding" but US sub-prime is not ...
2008-03-18 04:12:00 -
Allahabad Bank cuts home loan rate by 0.25%
Financial Express - The reduction in interest rate has been given to customers as the bank has been able to reduce the cost of incremental ... The bank is also approaching its Board for further reduction in Prime Lending Rate to make all PLR-linked loans more ...
2008-03-18 05:38:00 -
World markets plunge after buy-out
Hounslow Guardian - ... in the US sub-prime mortgage market. The Federal Reserve, the US central bank, backed the buy-out and also lowered the rate it charges to lend directly to banks by a quarter-point on Sunday night. It is also expected to lower its general interest ...
2008-03-18 02:25:00 -
Loan waiver to take care of borrowings under KCC
Zee News - Loans to farmers, he said, was available at 7 per cent interest rate, which is two percentage points less than the prime lending rate of 9 per cent.
2008-03-18 03:08:00 -
European govt bonds ease on profit-taking as Fed decision looms
Forbes - ... government bonds were lower as investors took profits on yesterday's safe-haven rally and ahead of the much-awaited interest rate ... The Fed has reportedly asked a number of Wall Street banks' prime brokerage departments to not do or say anything that ...
2008-03-18 03:29:00 -
Northern Rock cuts mortgages and axes 2,000 jobs
Times Online - A spokesman at Northern Rock said the bank will continue to offer prime mortgages to customers, but it will not give ... The increase casts further doubt on an imminent interest rate cut by the Bank of England which would help Northern Rock.
2008-03-18 03:29:00 -
Kevin Rudd warns of new homeless
News.com.au - ... crisis is creating a whole new class of homeless people - working families who can't afford to pay the mortgage, Prime ... so many working families dealing with the mortgage challenge that they have faced as a consequence of successive interest rate ...
2008-03-18 03:58:00 -
Dollar Falls for a Fifth Day on Speculation Fed to Slash Rates
Bloomberg - ... The dollar fell for a fifth day against the euro on speculation the Federal Reserve will cut its benchmark interest rate at least ... Prime Minister Yasuo Fukuda urged foreign-exchange officials to communicate well with overseas authorities about the ...
2008-03-18 01:56:00 -
China wary of U.S. subprime fallout and rising inflation
Earthtimes - Federal Reserve has repeatedly cut interest rates and after it took the rare step of cutting its discount rate on Sunday. Wen said Beijing would take the changing economic landscape into account when deciding on further policy steps, despite its ...
2008-03-18 02:46:00