Mortgage and Financial News From 2008-2-28
Previous Day: 2008-02-27
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RBS Second-Half Net Rises 16%, Helped by Asset Sale (Update1)
Bloomberg - HBOS Plc, the country's largest mortgage lender, said yesterday six-month earnings declined 8.9 percent after higher borrowing costs sparked by the U.S. subprime mortgage crisis helped slow loan growth in Britain.
2008-02-28 02:38:00 -
Analysis: Bernanke quick political study
BusinessWeek - Congressional Democrats are examining such ideas as having the government buy $15 billion in troubled mortgages, changing bankruptcy laws to allow judges to modify home mortgage loans to more favorable terms and providing assistance to state and ...
2008-02-28 01:40:00 -
FACTBOX-Navigating the mortgage minefield
Reuters UK - LONDON (Reuters) - Millions of homeowners are facing a mortgage maze as they come to the end of low-cost home loans. Here, Katie Tucker, technical manager at independent broker John Charcol, gives her top five tips to navigating the mortgage ...
2008-02-28 03:13:00 -
Titan Reports All-Time Record Sales in 2007
MSN MoneyCentral - Interest expense was $4.1 million in the fourth quarter of 2007 as compared to $5.0 ... Protection to collect a cash deposit or bond based on these preliminary rates. ... Current assets: Cash & cash equivalents $58,325 $33 ...
2008-02-28 02:59:00 -
28/02/'08 − USD Still Under Pressure.
FXStreet.com - Yesterday, the USD fell to a record low vs. the EUR on expectations that the Fed will cut Interest Rates aggressively, despite ... Today, the EUR is expected to trade around its current high levels, and if the U.S. fundamental data disappoints, the EUR ...
2008-02-28 02:30:00 -
Plexus Plans $200 Million Stock Buyback
Forbes - Over the last several months we have conducted a comprehensive review of our capital structure, and believe that a moderate amount of debt at the current favorable interest rates strikes the right balance for Plexus," said Chief Financial Officer ...
2008-02-26 05:32:00 -
INTERVIEW Redrow CEO expects order book to weaken significantly
Forbes - ... the figures reflected a 'clearly' challenging market and blamed lower mortgage availability as well as higher interest rates. ... However, due to its current assessment of the more challenging housing market, Redrow now anticipates home completions ...
2008-02-28 02:52:00 -
JGBs jump on poor output data, smooth auction
Forbes - ... is falling into a soft patch in the first quarter, supporting expectations that the Bank of Japan will keep interest rates on ... The yield of the current No. 265 two-year note dropped 2.5 basis points to 0.595 percent after falling as low as 0.590 ...
2008-02-28 01:40:00 -
Swedish stats signal less growth, more inflation
Guardian Unlimited - The Riksbank central bank made a surprise quarter percentage point rise in interest rates to 4.25 percent this month, but the ... Meanwhile, current account data for the fourth quarter indicated exporters were still enjoying decent demand, a picture ...
2008-02-28 02:45:00 -
Business investment grows as rates soar
Canberra Times - The Reserve Bank of Australia (RBA) is already widely expected to raise official interest rates after its board meeting on ... He said that if capital expenditure continued at current rates, it was very unlikely that GDP growth would slow to an annual ...
2008-02-27 09:08:00 -
Hong Kong shares end morning higher led by properties, commodities ...
CNBC - He said the property sector is benefiting from tax concessions announced in the budget yesterday, and hopes that the US will continue to cut interest rates. Financial Secretary John Tsang announced 75 pct rebate in property tax for the current ...
2008-02-27 09:58:00 -
Schools celebrate their success rates
This is Wiltshire - Schools celebrate their success rates ... The year before had some very good Key Stage 3 results so certainly our current ... and once a member, you can store, recommend and search for stories that interest you
2008-02-28 12:50:00 -
With dollar still sinking, Fed won't buck the trend
Los Angeles Times - But it also will underpin the current boom in U.S. exports, which has helped to offset some of the economic pain of the ... distinctly less favorable" and all but assured Congress that the central bank would continue to cut short-term interest rates.
2008-02-27 11:53:00 -
Facing two foes, Bernanke takes aim at recession
Chicago Tribune - Bernanke came to the Fed as an advocate of "inflation targeting," meaning the Fed would raise interest rates if inflation rose ... Bernanke's task is to contain the current weakness in business—a job that most analysts said will be difficult.
2008-02-28 12:22:00 -
Bernanke signals Fed rate cut
Financial Times - ... on Wednesday as Ben Bernanke signalled that the Federal Reserve is likely to cut interest rates ... The Fed has cut rates five times since last summer, taking rates down from 5.25 per cent at the beginning of August to the current level of 3 per cent.
2008-02-28 12:50:00