Mortgage and Financial News From 2008-1-3 Page 15

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  • Cash-strapped families face more cutbacks

    News.com.au - Acting Prime Minister Julia Gillard said she was concerned how petrol prices would affect families. "I'm obviously always ... the Feds to increase income, and reduce expenditure, or they will need to up interest rates again after the Feb 08 interest rate ...
    2008-01-03 04:30:00

  • Economic reality and fiction in the world of banking

    International Herald Tribune - ... collateral and your promise to repay, and had a higher interest rate? The answer is that asset-backed commercial paper has gotten a bad name, as unwary investors learned that the assets in question sometimes were funny securities backed by sub-prime ...
    2008-01-03 12:12:00

  • Dollar falls below US88c

    News.com.au - People are looking for signs that the sub-prime mortgage market turmoil is spilling over into the real economy and ... 1. NAB to go it alone with interest rate rise 2. Farmers to reap record prices 3. The hot stocks of 2008 4. Iron ore hopeful in ...
    2008-01-03 05:27:00

  • China-Australia Axis Turns on Mining, PM's Mandarin (Update1)

    Bloomberg - The benchmark interest rate, meanwhile, jumped to 6.75 percent from 5.25 percent in the first ... The rise in interest rates was one reason voters dumped the country's prime minister of 11 years, John Howard, 68, in a Nov. 24 general election and ...
    2008-01-03 03:26:00

  • Vaughan Foods Announces New $5 Million Revolving Credit Facility

    MSN MoneyCentral - The amounts borrowed, if any, will bear interest at a floating rate ranging from 0.375% to 1.0% below the JPMorgan Chase prime rate. The new agreement will improve the Company's flexibility to pursue growth opportunities. "We are pleased ...
    2008-01-03 04:56:00

  • UK economy downturn fears mount

    Boston Globe - Analysts said mounting evidence of slower growth could lead to a rate cut as ... The central bank's credit conditions survey also revealed that prime lending ... for both households and corporations increases pressure on the bank to trim interest ...
    2008-01-03 11:58:00

  • Subprime mess spreads

    Georgia Straight - Somerville explained that this spread is the difference between the overnight interest rate the Bank of Canada charges when it lends money to banks, and the rate charged by financial institutions on loans, including real-estate mortgages. "When real ...
    2008-01-03 09:20:00

  • Banks urged to consider stress on families

    News.com.au - This rate rise announced by the NAB is a direct consequence of the sub-prime mortgage crisis in the United States,'' Mr Swan told ABC radio today. ... Many people would be scratching their heads, looking at the (interest) rise almost ...
    2008-01-03 03:33:00

  • Yoho Resources Inc. Announces Extension of Short Term Loan Facility ...

    Stockhouse Canada - The loan bears interest at bank prime rate plus 2%, is repayable in full by Yoho at any time without penalty and is fully subordinated to Yoho's lending facility with the National Bank of Canada. In connection with the extension of the maturity date ...
    2008-01-03 03:18:00

  • After 'wasted year,' Turkey turns attention back to economic reform

    International Herald Tribune - ANKARA : Turkey hopes to increase its growth rate while reining in inflation in ... As part of its plan, the government led by Prime Minister Recep Tayyip Erdogan has ... Even if prices are not as high as in past privatizations, there will be interest ...
    2008-01-03 12:12:00

  • Consumers face further pain as banks rein in credit

    The Independent - Expectations of an interest rate cut rose yesterday as the credit crunch forced banks to rein in their lending and financial ... Demand for prime mortgage loans was lower than expected but demand from buy-to-let landlords and people with poor credit ...
    2008-01-03 05:34:00

  • NAB to go it alone with interest rate rise

    News.com.au - Mr Swan told ABC radio today that NAB's move was a direct consqeuence of the sub-prime crisis in the US. "The turbulent ... 50 fuels driver anger Commodities: Oil and gold spike on US economy, world strife Banking: NAB to go it alone with interest rate ...
    2008-01-03 03:26:00

  • Market Report: US rate cut rumours offset high street gloom

    The Independent - The banks were lifted by talk of the interest rate cut, although they weakened towards the end of the day. HBOS rose highest, up ... this nature will be signed as pressures mount for banks to prepare for potential litigation in the wake of the sub-prime ...
    2008-01-03 04:23:00

  • Patapsco Bancorp, Inc. and Bradford Bancorp, Inc. Announce Mutual ... - FOX News

    Patapsco Bancorp, Inc. and Bradford Bancorp, Inc. Announce Mutual ...FOX News - 4 hours agoThe promissory note matures on December 31, 2008 and provides for interest equal to the prime rate plus one percent. On August 1, 2008, this rate will ...
    2008-01-03 01:43:43

  • Banks must consider families: Swan - Sydney Morning Herald

    Banks must consider families: SwanSydney Morning Herald, Australia - 3 hours ago"When it comes to interest rates, the parting gift of the Liberal Party to the people of Australia was to pass on an elevated level of inflation which is ...
    2008-01-03 02:28:17

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