Mortgage and Financial News From 2008-1-22 Page 9

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  • Subprime bailout (The Washington Times)

    The Bush bailout, as well as Federal Reserve Bank cuts in interest rates, is a wealth transfer from creditworthy people...
    2008-01-22 10:10:56
  • Subprime bailout: Violation of 5th Amendment (WorldNetDaily)

    A subprime lender is one who makes loans to borrowers who do not qualify for loans from mainstream lenders. It's a market that has evolved to permit borrowers with poor credit history and an unstable financial situation the opportunity to get home mortgages.
    2008-01-22 10:11:07
  • Interest rate cut to affect credit card debt, car loans

    WVEC - ... slashed interest rates ... paying interest of 0.00% for a full year, and that will put a smile on a lot of people's faces.” There is a downside. Banks will be pressured to lower the return rates on money market, savings and CD ...
    2008-01-22 02:13:00
  • Federal Rate Cut Expected To Eventually Spark Spending Save Email ...

    WSAW - ... re likely to notice are a decrease in interest you make on money market or savings accounts and a decrease in interest rates on personal loans like mortgages… eventually. "It takes a while for that to flow through to what people get on their CD ...
    2008-01-22 02:20:00
  • UPDATE: ECB's Stark: Won't Comment On Fed Rate Cut At Present

    FXStreet.com - He added that he had just learned that the Bank of Canada also cut rates earlier Tuesday. "But this is on the other side of ... The Dow Jones content includes facts, views, opinions and recommendations of individuals and organizations deemed of interest ...
    2008-01-22 08:29:00
  • Donor support programmes at risk over post-election skirmishes

    East African Standard - The Governor says interest rates will continue to be stable on account of moderate Government domestic borrowing as the Government fiscal operations are on track. He says the CBK will continue implementing the prevailing monetary policy stance ...
    2008-01-22 10:09:00
  • Market drops on recession fear

    Ottawa Citizen - Retailers and home builders also were in positive territory after the Fed cut interest rates by 75 basis points in a surprising decision between policy meetings. The Federal Open Market Committee is scheduled to meet next week. The move from the ...
    2008-01-22 10:09:00
  • To Invest Or Not To Invest?

    WUSA - Goldberg says, short term interest rates will fall, so a bank CD (certificate of deposit) may be the best choice. Goldberg also says, "Don?t put more than $100,000 into any one bank because that's the most that's federally insured." If you're thinking ...
    2008-01-22 03:39:00
  • Economists bet on bigger Canada rate cut in March

    Ottawa Citizen - TORONTO (Reuters) - Chants for a heftier Bank of Canada rate cut in March grew stronger and louder after the bank cut interest rates by 25 basis points on Tuesday while its U.S. counterpart slashed rates by 75 basis points. Several Canadian ...
    2008-01-22 11:43:00
  • Rate cut poised to stoke UAE inflation

    MENAFN - This was followed by another 20 basis points cut on CD rates and later the auction was initiated. The UAE Central Bank has said it would track any US interest rate cut as it seeks to keep interest rate parity for its dollar-pegged dirham. Oxford ...
    2008-01-22 08:39:00
  • Analyst: Economy Still 'Fundamentally Sound'

    KDKA - You are going to see interest rates go down on CD's and money market funds there's probably not a lot you can do about that. Which is why is still always pays to have a little growth even as you get older in your portfolio," he said. But Hoffman ...
    2008-01-22 02:56:00
  • Will Fed rate cuts restore confidence in markets?

    Marketwatch - NEW YORK (MarketWatch) -- An emergency cut in interest rates by the Federal Reserve seemed to help restore some degree of calm in financial markets Tuesday, after a plunge in global stocks the day before revealed just how badly the subprime-mortgage ...
    2008-01-22 02:20:00
  • Fed cuts interest rate amid fears of recession

    Rapid City Journal - The reduction in the federal funds rate from 4.25 percent down to 3.5 percent marked the biggest reduction in this target rate for overnight loans on records going back to 1990. It marked the first time that the Fed has changed rates between meetings ...
    2008-01-22 12:25:00
  • Home BancShares Q4 2007 Earnings Call Transcript - Seeking Alpha

    Home BancShares Q4 2007 Earnings Call TranscriptSeeking Alpha, NY - 13 hours agoThe first is we have aggressively monitored and worked our liability rates. The banks were able to reduce the yield in overall interest-bearing deposits by ...
    2008-01-22 08:45:34
  • Ten Ways to Get Off the Investment Rollercoaster - Carolina Newswire (press release)

    Ten Ways to Get Off the Investment RollercoasterCarolina Newswire (press release), NC - 12 hours agoWe all remember the Fed’s eleven interest rate cuts in 2002, which reduced some retiree’s incomes by as much as 90 percent. Interest rates on savings and CD ...
    2008-01-22 09:21:47