Mortgage and Financial News From 2007-11-19 Page 7

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  • GLOBAL MARKETS-Credit worries batter US stocks, but bonds rally

    Guardian Unlimited - The Nasdaq fell more than 2 percent, as uncertainty about the extent of mortgage ... Three-month London interbank offered rates rose for the fourth session, hitting 4 ... yield, which moves inversely to its price, fell to 4.05 percent -- the lowest since ...
    2007-11-19 12:51:00
  • Yen Increases Versus Dollar, Euro as Traders Pare Carry Trades

    Bloomberg - ... credit-market losses pushed investors to cut higher-yielding assets funded by loans in Japan where interest rates are the lowest ... biggest reinsurer, lost 1.2 billion Swiss francs ($1.07 billion) on derivatives in October linked to subprime mortgage ...
    2007-11-19 08:26:00
  • Bonds score as stock tumble spurs safety bid

    Guardian Unlimited - The notion that high gas prices, mortgage resets, falling home prices, and now ... 10-year note rose nearly a full point for a yield of 4.06 percent, the lowest since ... but not great news, and the market is still trying to get the Fed to (cut rates in ...
    2007-11-19 01:27:00
  • Australian Dollar Falls as Investors Sell High-Yielding Assets

    Bloomberg - ... is borrowed in places such as Japan, where the cost of borrowing is the lowest of ... currency's fluctuations can erase profits earned on the gap between the two rates ... In a further sign financial companies are being hurt by subprime mortgage losses ...
    2007-11-19 03:00:00
  • Head to Dubai for the lowest tax rates in the world

    Times Online - Workers seeking out the lowest tax rates in the world should head to Dubai, Russia or Hong Kong, according to a league table of ... For three to five years, young professionals can fast-track their savings to afford a mortgage when they return home ...
    2007-11-19 02:29:00
  • Homebuilder Confidence in U.S. Held at Record Low (Update2)

    Bloomberg - ... Wells Fargo index of builder confidence stayed at 19 for a second month, the lowest ... more, while some banks are requiring bigger down payments or charging higher rates ... A collapse in subprime mortgage lending in August and mounting foreclosures point to ...
    2007-11-19 12:58:00
  • Mortgage Rates Continue to Drop, but Demand Still Low

    Best Syndication - This is the lowest after the week ended 17th May 2007, when the 30-year FRM was 6.21 percent. According to last year ... But in spite of falling mortgage interest rates, the demand for mortgage loans still seem to be lower. The refinance loan ...
    2007-11-19 03:36:00
  • Markets dive on fresh credit crisis fears

    The Independent - In the UK, tens of millions of pounds were wiped off the value of mortgage lenders ... That is its lowest since 21 August, when fear of losses related to US mortgages ... The Dow shed 218.4 to 12,958.4, and interest rates on US Treasuries were at two ...
    2007-11-19 05:16:00
  • Gold drifts lower as dollar steadies

    Globe and Mail - LONDON — Gold fell Monday to its lowest level in more than three weeks with ... stocks fell more than 1 per cent Monday as uncertainty about the extent of mortgage ... citing a poor prognosis for the dollar and prospects for lower U.S. interest rates ...
    2007-11-19 01:49:00
  • General Motors stock sinks

    CNN Money - ... credit-market conditions helped send shares of General Motors Corp. to their lowest ... Financial Services, which has struggled due to losses at its residential-mortgage ... note Monday that GMAC is experiencing a "sharp" increase in delinquency rates ...
    2007-11-19 02:53:00
  • GM Shares Drop to 17-Month Low (AP via Yahoo! Finance)

    Deepening concerns about deteriorating credit-market conditions helped send shares of General Motors Corp. to their lowest level in about 17 months on Monday.
    2007-11-19 01:49:52
  • World stocks wilt on US economic fears (AFP via Yahoo! News)

    World stocks took a pounding Monday as investor fears about the US economy mounted with consumers and the banking system both facing woes from the collapse of the high-risk mortgage market.
    2007-11-19 02:21:46
  • General Motors stock sinks (CNN Money)

    The automaker's shares are at their lowest level in 17 months as residential mortgage losses outweigh auto loan profitability.
    2007-11-19 03:11:10
  • European Note Yields Hold Near Eight-Month Low on Rate Outlook (Bloomberg.com)

    Nov. 19 (Bloomberg) -- European two-year government note yields held near the lowest in eight months on speculation widening losses linked to the collapse of the U.S. subprime- mortgage market will prevent the European Central Bank from raising interest rates.
    2007-11-19 12:09:45
  • Companies in this story

    Marketwatch - said its chief marketing officer and head of customer experience division ... climbs, Starbucks drops Starbucks shares scalded by lowered targets How to calculate a ... GPS war The top 25 cities for those seeking jobs in retirement House clears mortgage ...
    2007-11-15 03:55:00