Mortgage and Financial News From 2008-9-23 Page 9
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Eurozone PMI contracts for fourth month (Financial Times)
LONDON September 23 Eurozone services and manufacturing activity contracted for a fourth consecutive month in September, a key survey showed on Tuesday, pointing to an economy at best in stagnation even though the figures beat expectations.
2008-09-23 08:59:57 -
Energy powers inflation to 3.5 per cent, may delay action on interest rates (MSN Money Canada)
OTTAWA - Canada's inflation rate last month was the highest in more than five years, rising to 3.5 per cent, but economists say they're not overly concerned because the pace of increases appears to be slowing.
2008-09-23 10:32:26 -
ECB Continues Cash Injections for Ailing Banks and Markets (Deutsche Welle)
In another busy day at the European Central Bank, 180 billion euros ($266 billion) in refinancing was allotted and an offer of 27 billion euros ($40 billion) in one-day loans was renewed, the ECB said in a statement.
2008-09-23 10:53:19 -
Auto Loan Delinquency Rate Jumps 11.5% (NBC 5 Chicago)
The percentage of auto loans that were past due 60 days or more rose 11.5 percent in the second quarter.
2008-09-23 11:09:28 -
Ambassador's Corner (European Union)
This week the US Congress is tackling legislation to deal with the credit crisis . The origin of the crisis is a fall in house prices, which undercut the viability of a complex series of financial instruments which had been constructed on the assumption that house prices would continue rising.
2008-09-23 11:57:36 -
Regional home price still falling - Washington Business Journal
After Fannie-Freddie takeover, focus turns to holdings Dynamics of long-running mortgage crisis shift Home prices fall by 3.5% in mid-Atlantic region California, Florida driving mortgage delinquency rate Ex-mortgage lender now helps hard-pressed ...
2008-09-23 10:08:00 -
Mortgage approvals crumble in August - MSN UK News
LONDON (Reuters) - The number of mortgages approved by major British banks fell to a record low in August, industry figures showed on Tuesday, suggesting no end was in sight for the country's housing market woes. The British Bankers Association said ...
2008-09-23 07:02:00 -
Home prices fell 5.3% in July, gov't says - San Diego Union-Tribune
Prices were down 0.6 percent from June on a seasonally adjusted basis, according to the Federal Housing Finance Agency. The national decline in home values coupled with reckless lending standards during the real estate boom are the driving forces ...
2008-09-23 11:20:00 -
See today's average credit card rates across the country. - MSNBC
WASHINGTON - Nationwide home prices in July fell a record 5.3 percent compared with a year ago, a government agency said Tuesday, and have now receded to October 2005 levels. Prices were down 0.6 percent from June on a seasonally adjusted basis ...
2008-09-23 08:56:00 -
Banks profiting while lifting mortgage interest rates - News.com.au
A bit rich ... major banks including National Australia Bank enjoyed record profit margins when they lifted mortgage interest rates independently of the RBA / Chris Pavlich. Banks cried poor when lifting rates But their interest income far outweighs ...
2008-09-23 09:04:00 -
Treasury Secretary Henry Paulsen Addresses US Senate Banking Committee (Bayou Buzz)
Crises
2008-09-23 11:14:18 -
Energy powers inflation to 3.5 per cent, may delay action on interest rates (Canadian Business)
Julian Beltrame, The Canadian Press September 23, 2008 - 2:18 p.m. OTTAWA - The cost of living rose at the fastest pace in more than five years last month as the price of fuel continues to pump up prices on everything from filling up the car to groceries.
2008-09-23 11:30:03 -
15 Things You Need to Know About the Panic of 2008 (14 WFIE Evansville)
The editor of Kiplinger's Personal Finance magazine offers a crash course in why it happened, how it's strangling the nation's finances and how it might work itself out.
2008-09-23 11:31:18 -
Analysis: Capitalism's raw edge on display (EETimes)
U.S. Treasury Secretary Henry Paulson says the era of "raw capitalism" is over. He is mistaken.
2008-09-23 11:32:59 -
CA-BUSINESS Summary (The Globe and Mail)
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to act swiftly to put in place a $700 billion financial system bailout, warning delay would put the economy at risk.
2008-09-23 11:38:44