Mortgage and Financial News From 2007-10-15 Page 12

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  • Accredited Home gets $100 million in working capital from new parent ...

    CNBC - SAN DIEGO - Subprime mortgage financier Accredited Home Lenders Holding Co. said Monday it received $100 million in working capital from its new parent, LSF5 Accredited Investments LLC, a unit of private equity firm Lone Star Fund V. Accredited also ...
    2007-10-15 06:05:00

  • Pulaski Financial Names Matthew Locke Mortgage Lending President

    MSN MoneyCentral - Matt joined Pulaski in 1997 and has a proven track record of success over the past ten years in the bank's mortgage, home equity and consumer lending areas," said William A. Donius, Pulaski's Chairman and CEO. "He has successfully built several ...
    2007-10-15 12:38:00

  • Al Abbas and Commercial Bank of Dubai announce home mortgage MoU (AME Info)

    Following the launch of the CBD Mortgage, Al Abbas and Commercial Bank of Dubai signed a Memorandum of Understanding to provide home mortgage finance to all customers looking to purchase properties at the 'Lynx' at Dubai Silicon Oasis (DSO).
    2007-10-15 04:26:37

  • International Investing: Italy

    CNBC - ... pursued a tight fiscal policy to meet the requirements of the European Union and has benefited from lower interest and inflation rates. ... The current government has enacted numerous short-term economic reforms, but has moved slowly on lightening the ...
    2007-10-15 07:23:00

  • Euro shoots higher against US dollar

    New Straits Times - The reports are likely to affect market expectations on whether the US Federal Reserve will cut US interest rates again later this month, a move that would likely weaken the dollar, he said. The Fed cut borrowing costs by half a percentage point to 4 ...
    2007-10-15 05:57:00

  • UPDATE 1-Citigroup raises long-term oil, natural gas price view

    Reuters - Supply/demand do not explain oil at current levels: instead traditional fundamentals remain displaced by an increasingly short-term technical model with refining and financial interest," the ... due to steepening base production decline rates. It ...
    2007-10-15 11:34:00

  • GM compacts help car sales jump in India

    Detroit News - ... it sold in India in the same period last year, even as overall demand for new cars was hit by a sharp rise in interest rates. The ... Analysts said they expect the current momentum in GM's sales to continue through this fiscal year ending March 2008, but ...
    2007-10-15 12:24:00

  • Polish Sept inflation jumps to 2.3 pct, above expectations UPDATE

    Forbes - ... consumer price inflation exceeded market expectations in September, bolstering the case for another rise in interest rates this ... Separately, current account data from the central bank showed a deficit of 637 mln eur in August compared with ...
    2007-10-15 07:23:00

  • Howard lands $34bn 'king hit'

    News.com.au - Asked on the Nine Network's A Current Affair to name the Reserve Bank's official interest rate, Mr Howard said 6.25 per cent. The rate is 6.5 per cent. ... be delivered in line with the Government's practice over recent years to reduce both tax rates and ...
    2007-10-15 08:06:00

  • Surging rates hurt Indian auto sales

    Bahrain Tribune - Car sales in India rose 13 per cent in the April-September period, the first half of the current fiscal year, compared with 23 per cent in the same period last year, a trade body said yesterday. The slowdown was caused by a sharp rise in the interest ...
    2007-10-15 09:04:00

  • Fed Won't Cut Again Unless Data Worsen: John M. Berry (Correct)

    Bloomberg - Oct. 15 (Bloomberg) -- With economic news running no worse than when Federal Reserve officials cut interest rates last month ... consumer spending and falling home construction will hold growth to only a 1 percent to 1.5 percent rate in the current ...
    2007-10-15 07:38:00

  • The G7 Will Get an Earful About the Euro

    MSN MoneyCentral - Exchange rates are once again a primary focus in Europe, as the euro has risen to ... the ECB would clearly have preferred a tightening of monetary conditions via interest rate hikes rather than through the exchange rate channel. However, in the current ...
    2007-10-15 07:52:00

  • Govt risks losing credibility, internally or globally

    Daily Pioneer - Analysts argue that a Democrat in the White House is unlikely to push the deal through in its current shape after those elections. It provides the Government only with a few weeks' time at the most. The Government seemed to have lost its nerve, with ...
    2007-10-15 09:11:00

  • Fitch Rates Santa Cruz Redev. Agency, CA's $8MM TABs 'A'

    Forbes - Fitch rates Santa Cruz Redevelopment Agency's $8 million tax ... Proceeds from the current offering will advance refund all of the agency's outstanding 1996 TABs, generating over $400,000 in interest rate savings.
    2007-10-15 12:45:00

  • Euro Gains Against Dollar on Inflation, Interest-Rate Outlook

    Bloomberg - Current interest rates are working against the dollar and for the euro,'' said David Powell, a currency strategist with IDEAglobal in New York. ``The risk of more rate increases by the ECB is still big.'' The euro gained 0.2 percent to $1 ...
    2007-10-15 10:29:00

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