Mortgage and Financial News From 2007-11-19
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Canada's Dollar Falls as Dodge Raises Possibility of Rate Cuts (Bloomberg.com)
Nov. 19 (Bloomberg) -- Canada's dollar fell to an almost six-week low after Bank of Canada Governor David Dodge said an interest rate cut is possible because of ``risks'' to economic growth.
2007-11-19 08:45:53 -
Loonie sags after talk of interest rate cut (CTV.ca)
The Canadian dollar lost some ground Monday morning after Bank of Canada governor David Dodge raised the possibility that the central bank may cut interest rates to boost the economy.
2007-11-19 07:02:26 -
It's a buyer's market
Pensacola News Journal - The crackdown by banks and other mortgage lending companies on sub-prime loans is ... in recent years was filled by easy credit terms and extremely low interest rates ... But once outside the restaurant, the men began to compare their savings. "I only ...
2007-11-10 03:54:00 -
News on canada.com
Victoria Times Colonist - Other favourable factors include stable mortgage rates, government surpluses, rising business and ... Compare that to Canada, where the low end of the mortgage market consists of near-prime mortgages -- which make up only 10 per cent of our market ...
2007-11-15 03:55:00 -
Critics Blast Most Dangerous City Study (NBC 5 Chicago)
The Motor City has been declared the nation's most dangerous city.
2007-11-19 07:14:38 -
Baltimore No. 12 On Dangerous Cities List (WBAL-TV Baltimore)
A controversial analysis of annual FBI crime statistics shows Detroit has pushed past St. Louis to become the nation's most dangerous city. Baltimore ranked 12th.
2007-11-19 04:51:53 -
Are homebuyers returning to market? (Orange County Register)
Demand for O.C. homes edges up 11%
2007-11-19 08:07:34 -
Swiss Re Reports $878M Subprime Loss
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... world's largest reinsurer, reported a $878 million after-tax loss on Monday because of its exposure to the subprime mortgage ...
2007-11-19 04:23:00 -
Citigroup cut to “sell” at Goldman Sachs
Globe and Mail - Home National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... It is on top of a $1.83-billion mortgage-related loss that Citigroup took in the third quarter. The bank's tier-1 capital ratio ...
2007-11-19 05:35:00 -
First American LoanPerformance Releases September 2007 House Price ...
Forbes - FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its September 2007 LoanPerformance Home Price Index (HPI). The LoanPerformance HPI provides a ...
2007-11-19 05:35:00 -
Lowe's 3Q Profit Falls, Cuts Outlook
Forbes - Based on our results and the significant losses and write-downs announced this quarter in the banking and mortgage industries, it's clear that the pressures on our industry and the home improvement consumer are greater than we previously anticipated ...
2007-11-19 08:34:00 -
U.S. Stock Futures Retreat; Newmont Mining, Citigroup Drop
Bloomberg - The S&P 500 on Nov. 16 capped off its first weekly gain of November as investors speculated the worst of Wall Street's mortgage losses had been disclosed. Commodity Producers Newmont slipped 7 cents to $49.62 in Frankfurt ...
2007-11-19 05:42:00 -
Service Experts, Inc. Selects Strategic America as Its Marketing ...
Forbes - Strategic America serves other leading clients such as Lennox Industries, Sprint, Kohler, BioGuard, Wells Fargo Home Mortgage and others with channel marketing solutions. Located in Des Moines, Iowa, SA also provides branding, strategic planning and ...
2007-11-19 02:36:00 -
SEC Penalties Fall Amid `New Ethos' on Company Fines (Update1)
Bloomberg - The SEC's enforcement tally in 2006 was boosted by an $800 million sanction against American International Group Inc., the world's largest insurer, and the $400 million penalty for Fannie Mae, the mortgage-finance company. The SEC accused both of ...
2007-11-19 07:22:00 -
UBS Faces `Substantial' CDO Losses, CreditSights Says (Update1)
Bloomberg - CDOs package bonds and loans including mortgage-backed securities and use the income to pay investors. Debt ranked below Baa3 at Moody's Investors Service and BBB- by Standard & Poor's is regarded high-risk, high-yield. CreditSights ...
2007-11-19 07:43:00