Mortgage and Financial News From 2008-2-4 Page 13

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  • Australia's central bank hikes cash target rate to 7.00 percent - UPDATE (The Forex Market)

    SYDNEY (Thomson Financial) - The Reserve Bank of Australia (RBA) said Tuesday it has increased its cash target rate 25 basis points to 7.00 percent in a move to combat building inflationary pressures in the economy.
    2008-02-04 08:43:24

  • Factories see orders rise in December but overall post worst year since 2002 (The Times-Reporter)

    Updated at 12:41 p.m. WASHINGTON (AP) – U.S. factories saw demand for their products rise in December by the largest amount in five months, a spot of welcome news that failed to change the picture of an economy struggling to stay afloat.
    2008-02-04 08:43:29

  • Australia Raises Interest Rate to 7% to Curb Prices (Update3) (Bloomberg.com)

    Feb. 5 (Bloomberg) -- Australia's central bank raised its benchmark interest rate by a quarter point to an 11-year high, saying a ``significant slowing in demand'' is needed to cool the fastest inflation since 1991.
    2008-02-04 08:44:26

  • McCain's Bumpy Ride

    Weekly Standard - There are signs that Congressional Republicans are likely to do better in 2008 than is typically expected. The most recent piece of news comes from the Hill , which points out that five of the most vulnerable House Democratic freshmen were outraised ...
    2008-02-04 12:17:00

  • Credit Acceptance Announces Fourth Quarter and 2007 Earnings - FOXBusiness

    Credit Acceptance Announces Fourth Quarter and 2007 EarningsFOXBusiness - Feb 2, 2008The following tables compare our forecast of consumer loan collection rates as of December 31, 2007, with the forecast as of December 31, 2006 and September ...
    2008-02-02 10:34:18

  • 8 rules for sorted investing - Stuff.co.nz

    8 rules for sorted investingStuff.co.nz, New Zealand - 3 hours agoResearch, compare and contrast everything - or get someone to do that for you. Read the business sections of the newspaper; go online; talk to your adviser, ...
    2008-02-04 04:58:12

  • Plan to pre-empt rate rise (The Courier Mail)

    A REVAMPED scheme to help families break into the housing market has been unveiled by the Federal Government.
    2008-02-04 05:00:00

  • 8 rules for sorted investing (Stuff)

    If you're serious about making your money work for you, you need to think about investing. But deciding where to put your money isn't something you should rush. Whether you're looking to invest in a company or simply join a KiwiSaver scheme.
    2008-02-04 04:56:02

  • Mortgage fraud task force is announced

    Pittsburgh Post-Gazette - Within the last week, federal prosecutors have brought charges against 24 people and several companies, including Pope Financial Services and Sprouts Mortgage; Precision Mortgage; People's Home Mortgage; T&T Financial and America's Mortgage Outlet ...
    2008-02-04 10:51:00

  • Moody's Considers Substituting Numbers for Ratings (Update2)

    Bloomberg - Some investors and lawmakers say the ratings companies blew their credibility early last year by grading subprime securities too highly and then failing to account quickly enough for the surge in mortgage defaults that would later roil credit markets ...
    2008-02-04 02:33:00

  • Fed: Banks Tighten Loan Standards

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Of 39 banks that originated non-traditional residential mortgage loans, about 85 percent reported a tightening of their lending ...
    2008-02-04 03:23:00

  • RBA lifts interest rates to an 11-year-high

    News.com.au - The last thing a lender wants to do is enforce a mortgage, kick people out of a home - that's the last thing that everybody wants. "So my suggestion is as soon as you feel that you really are getting in over your head, talk to your lender.'' In ...
    2008-02-04 07:27:00

  • Feds charge 24 people in Pittsburgh area mortgage fraud

    Philadelphia Inquirer - PITTSBURGH - Federal prosecutors in Pittsburgh have charged 24 people connection with various mortgage fraud schemes. U.S. Attorney Mary Beth Buchanan says they include mortgage brokers, appraisers and home buyers. They're accused of schemes ...
    2008-02-04 11:34:00

  • Interest rates to 12-year high

    News.com.au - Reserve Bank raises interest rates to 7 per cent This is highest interest rates have been in 12 years In-depth: Interest rate special section HOME owners struggling with mortgage repayments are set to face more hardship following the Reserve Bank of ...
    2008-02-04 07:34:00

  • 24 Charged In Pittsburgh Mortgage Fraud; Task Force Created

    Pittsburgh Channel - PITTSBURGH -- Federal prosecutors in Pittsburgh have charged 24 people in connection with various mortgage fraud schemes. U.S. Attorney Mary Beth Buchanan said on Monday that the suspects include mortgage brokers, appraisers and home buyers. They're ...
    2008-02-04 02:12:00

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