Mortgage and Financial News From 2007-10-19 Page 15

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  • Timely Payments on New Mortgages Rise

    AOL - In a glimmer of good news for the U.S. home-mortgage market, more people are managing to keep up with payments on loans made in recent months, according to new data from First American LoanPerformance, a San Francisco research firm. The trend ...
    2007-10-19 06:43:00
  • Mortgage stress 'alarmist' (Daily Telegraph)

    SPENDING a third of your weekly income on a home loan is not necessarily mortgage stress, the head of a peak lending body said today.
    2007-10-18 09:53:00
  • Move overseas presents mortgage dilemma (Financial Times)

    I am going abroad to work for three years and plan to let my home in the UK while I am away. My mortgage is very small, but I have been advised to increase it for tax purposes and invest the proceeds offshore. Will this be acceptable to HM Revenue and Customs?
    2007-10-19 05:04:06
  • American Home Mortgage Allowed To Refund Loan Fees (New London Day)

    Wilmington, Del. — A bankruptcy judge has cleared the way for American Home Mortgage Investment Corp. to refund up to $650,000 in application fees and other mortgage costs it collected from more than 1,000 customers who never got their loans because of the company's collapse into bankruptcy.
    2007-10-19 03:22:13
  • Japan: Slim chances of weathering a storm

    Financial Times - Miyako Suda, one of the more hawkish members of the Bank of Japan’s policy board, recently warned that the central bank must not delay too long before raising interest rates from their current 0.5 per cent. If it did, she fretted, the chances that ...
    2007-10-16 05:59:00
  • Bank of Korea governor sees no current need for rate cut - report

    Forbes - ... does not see a need to cut the benchmark call rate target for now and debtors appear to be able to handle their current interest ... Economists are expecting the central bank to stay put on rates for the rest of the year while it gauges lingering ...
    2007-10-18 09:17:00
  • Bernanke says central banks should 'avoid overreacting' to economic ...

    Forbes - ... there is 'reason for the central bank to strive for predictability and transparency, and avoid overreacting to current ... A number of Fed officials have made that point in discussing the decision to cut interest rates on Sept 18, emphasizing the ...
    2007-10-19 08:59:00
  • Sierra Bancorp Declares Quarterly Cash Dividend

    Forbes - ... including but not limited to the bank's ability to maintain current dividend payments or increase dividend payouts to shareholder, its ability to continue to generate record financial results, changes in economic conditions, interest rates and loan ...
    2007-10-19 09:06:00
  • Philippine shares close higher on PLDT rebound, ABS-CBN earnings ...

    Forbes - The current low interest rates is also prompting investors to flock to the equities market, said Jose Vistan Jr, research director of AB Capital Securities. 'There is no other attractive alternative investment with which investors could park their ...
    2007-10-18 11:40:00
  • JGB futures hit one-month high as stocks drop

    Reuters - ... buying, pushing higher towards a 19-month high of 136.41 hit last month. Domestic investors hesitated to chase JGBs higher as no domestic data was due this session that would shed light on when the BOJ may raise interest rates from the current 0.5 ...
    2007-10-18 11:55:00
  • Inflation at 5-year low but rates seen steady

    Reuters India - ... fell in early October to its lowest in five years but analysts said an interest rate ... has been below an annual 5.0 percent, which is the RBI's projection for the current ... Analysts also did not expect the RBI to change rates at its next policy review on ...
    2007-10-19 01:42:00
  • Retail sales up thanks to heavy price cutting

    Guardian Unlimited - Mr Archer said he expected the Bank of England's monetary policy committee to begin cutting interest rates early next year. Separately, the ONS reported a public sector current budget deficit of £3.8bn last month and net borrowing of £6.9bn. The ...
    2007-10-19 04:41:00
  • ICICI Bank's Profit Rises 33%, Beating Estimates (Update2)

    Bloomberg - The economy continues to be robust,'' Mulye said. ``Loans may grow at about the same rate as witnessed so far this year if interest rates remain at the current levels.'' Interest and non-interest income at ICICI Bank rose to 95.9 billion ...
    2007-10-19 06:00:00
  • Oil prices fall from record highs

    BBC News - This has increased expectations that the Federal Reserve will cut US interest rates further from the current 4.75% later this month. Turkish concern The tension in eastern Turkey centres on possible military action by the Turkish army against Kurdish ...
    2007-10-19 08:44:00
  • Bernanke Explains Decision-Making

    Forbes - Bernanke didn't talk specifically about the current state of the economy or the future direction of interest rates in the United States. The Fed meets next on Oct. 30-31. Some economists believe the central bank will lower rates again at that time ...
    2007-10-19 09:06:00