Mortgage and Financial News From 2008-1-30 Page 17

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  • Stocks jump following interest rate cut - 9NEWS.com

    Stocks jump following interest rate cut9NEWS.com, CO - 1 hour agoSwiss bank UBS said it will have a $11.4 billion fourth-quarter loss mostly because of bad investments in subprime mortgages. Analysts had expected a much ...
    2008-01-30 07:07:33
  • Lawmakers Look to Tactic From S& L Crisis - Washington Post

    Lawmakers Look to Tactic From S& L CrisisWashington Post, United States - 52 minutes agoBy David Cho Banks were reeling from a credit crunch. Mortgage firms were collapsing. A steep recession was looming. So the US government set up a ...
    2008-01-30 07:27:03
  • BPI’s net income climbed 11% to P10b last year - Manila Standard Today

    BPI’s net income climbed 11% to P10b last yearManila Standard Today, Philippines - 26 minutes agoConsumer loans rose 17 percent, propelled in part by the 24 percent expansion in retail mortgage. BPI’s auto loans climbed 14 percent while credit card ...
    2008-01-30 07:53:19
  • Fed Assessment Trumps Rate Cut (Hartford Courant)

    Emphatic as it was, the Fed's interest rate cut was no quick cure-all for the economy.
    2008-01-30 06:39:44
  • Another Fed cut: A rock ... Bernanke ... and a hard place (USA Today)

    The Federal Reserve cut interest rates by a half-percentage point to the lowest level in 2-1/2 years Wednesday and suggested more rate cuts could be on the way to support the rapidly slowing economy.
    2008-01-30 06:43:28
  • Stocks jump following interest rate cut (9 News Denver)

    NEW YORK (AP) – Wall Street surged higher Wednesday after the Federal Reserve, confirming there is increasing stress on the economy, cut interest rates half a percent and indicated that more rate reductions are possible.
    2008-01-30 06:48:05
  • Fed Cuts Interest Rate By Half Point (CBS News)

    The Federal Reserve cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible.
    2008-01-30 06:51:04
  • Adrian Hamilton: The question remains: is King up to the job? (Independent)

    On Tuesday, Gordon Brown appeared with his fellow European Union leaders to declare they were committed to bringing greater transparency to banks. The following day, Chancellor Alistair Darling said he was changing the rules to allow the Bank of England to launch rescue missions in secret.
    2008-01-30 06:56:28
  • What does Fed rate cut mean for you? (CNN.com)

    The Federal Reserve cut interest rates for the second time in about about a week amid rumblings about a recession. While Wall Street may celebrate the lower rates, what will it mean for the average consumer? CNN personal finance editor Gerri Willis breaks it down.
    2008-01-30 07:03:08
  • Lawmakers Look to Tactic From S& L Crisis (Washington Post)

    Banks were reeling from a credit crunch. Mortgage firms were collapsing. A steep recession was looming. So the U.S. government set up a corporation to buy troubled home loans and distressed properties, stabilizing the financial system.
    2008-01-30 07:39:13
  • In Europe, Questions Over Continuing Write-Downs (NYTimes.com via Yahoo! Finance)

    Swiss bank UBS’s string of stinging financial disclosures is symptomatic of how the subprime drama has unfolded in Europe and is stoking fears of more shocks to come.
    2008-01-30 07:39:29
  • 10 8.4pc rent rise for council tenants

    This Is Bolton - ... an extra weeks rent this year, think about it, work it out, you'll see that unless sometime in the future they reverse this ... Now most have to buy and get into serious debt.[/quote] I think Chas you will find mortgages are cheaper that rents nowadays ...
    2008-01-30 03:15:00
  • Australian Stocks Set for Worst Month for More Than 20 Years

    Bloomberg - Macquarie Group Ltd. and CSL Ltd. slipped on concern the Federal Reserve's interest rate cut won't reverse the U.S. economy ... Australian stocks have fallen in January as rising defaults in U.S. subprime mortgages diminished the amount of credit ...
    2008-01-29 03:59:00
  • Fed Moves to Curb Risk of Recession

    Wall Street Journal - ... despite some encouraging economic data underlines its worries that slumping housing prices and associated losses on mortgages ... If so, that would require the Fed to quickly reverse some of its rate cuts. "They acted aggressively on the way down; that ...
    2008-01-30 06:50:00
  • Troubled Bond Insurers Facing More Downgrades

    CNBC - The growing threat of downgrades, first reported on CNBC late Wednesday afternoon, helped reverse a big stock market rally ... Massive defaults on U.S. subprime mortgages battered the credit quality of these products, increasing the capital bond ...
    2008-01-30 02:39:00