Mortgage and Financial News From 2007-9-27 Page 17

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• Nigeria: LCCi Decries Rising Interest Rates (AllAfrica.com)

  Lagos Chamber of Commerce and Industry (LCCI) has raised alarm over the rising interest charged by banks, saying it hinders the development and growth of industries in the country.
  2007-09-27 02:19:28

• European Stocks Advance; Siemens, Porsche, Nordea Pace Gains

  Bloomberg - Sept. 27 (Bloomberg) -- European stocks climbed for a second day after a report showed U.S. home sales declined, giving ... Flowers & Co. has been given access to the U.K. mortgage lender's books after making a takeover proposal for the bank. Flowers may ...
  2007-09-27 09:03:00

• European Stocks Close Higher; Volatility Ahead

  CNBC - Some economists said the new home sales report may lead to more rate cuts by the Federal Reserve next month. "Today's ... The banking sector was among the best performers with speculation about a possible takeover of beleaguered U.K. mortgage lender ...
  2007-09-27 09:03:00

• Banks' crisis skills to be laid bare by results

  Boston Globe - ... WFC.N and the thrift Washington Mutual Inc WM.N -- all have significant exposure to mortgages, being among the top eight home-loan providers. Wachovia has expressed disappointment its $24.2 billion purchase a year ago of mortgage lender ...
  2007-09-27 10:36:00

• Lender Amazing Loans hits low point

  News.com.au - LOW-END lender Amazing Loans put its stock into a trading halt yesterday as the company announced it was ... And it has also branched out into home and car loans, acting as a mortgage broker. Consumer advocates have been highly critical of the company ...
  2007-09-27 08:42:00

• Internet Crystal Mark 2006

  This is Money - Mortgage lender Nationwide said the cost of a home rose by 0.7% between August and September to an average of £184,723. Nationwide chief economist Fionnuala Earley said: 'House prices recorded a reasonably strong gain, seemingly shrugging off the ...
  2007-09-27 08:42:00

• U.K. House Builders Rally

  Forbes - Shares in British home builders and mortgage lenders soared on Thursday after a survey showed house prices in the U.K. rose by 0.7 ... Mortgage lender Alliance & Leicester (other-otc: AANCF - news - people ) soared up 9.5%, to 802.5 ...
  2007-09-27 09:53:00

• HSBC's Mainland Insurance Play

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... as it withdraws from unprofitable areas such as the troubled U.S. subprime mortgage ... up a bank in the central province of Hubei, the first time a foreign-based lender ...
  2007-09-27 07:30:00

• Bull Market In Bear Stearns Rumors

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... The student lender rejected an overture from private equity firm J.C. Flowers to ... there have not been significant layoffs, with the exception of the mortgage industry.
  2007-09-27 07:52:00

• Sallie Mae Rises on Speculation of New Buyout Talks (Update2)

  Bloomberg - Flowers may also be considering a takeover of Northern Rock Plc, the British mortgage lender that sought emergency funding from ... New-Home Sales Slump More Than Forecast; Prices Drop Most Since 1970 Fannie Mae Chief Mudd Predicts Housing ...
  2007-09-27 08:56:00

• China Construction Bank tightens mortgage lending (Reuters via Yahoo! Malaysia News)

  SHANGHAI, Sept 27 - China Construction Bank , the country's top bank lender for home purchases, said on Thursday it was tightening loan requirements for buyers of second homes.
  2007-09-27 03:49:20

• UAE cuts rates as dirham soars

  Gulf Daily News - DUBAI: The UAE lowered its three-month Certificate of Deposit (CD) interest rate by 10 basis points yesterday after speculation it might revalue its currency took the dollar-pegged dirham to a five-year high yesterday. The reduction takes rate cuts ...
  2007-09-25 09:37:00

• Re hits 9-yr high

  Economic Times - Data showed foreign funds bought nearly $1.9 billion of Indian shares in the five days after last Tuesday's cut in U.S. interest rates, taking their net purchases in 2007 to $11.3 billion. The rupee gained positive cues from other stock markets ...
  2007-09-27 06:12:00

• Asia may see modest economic slowdown

  Economic Times - Economists cited the region’s already elevated growth rates, rising domestic demand in China and India and the leeway ... adding that his baseline view for Asia was bullish, underpinned by the region’s robust fundamentals and favourable interest ...
  2007-09-27 09:25:00

• Dollar surges higher on US rate rumours

  The Australian - The prospect of another interest rate cut in the US helped support demand for the Aussie as lower interest rates would mean lower returns on investments denominated in US dollars. "The markets are funny at the moment; the weaker the data the more ...
  2007-09-27 09:39:00

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