Mortgage and Financial News From 2007-10-29 Page 8

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  • Financial Stocks: What the Charts Say (BusinessWeek)

    Recent trading action indicates that some of the major financials may have gone through a capitulation
    2007-10-29 03:27:54
  • Time to Buy Financial Stocks? (BusinessWeek)

    Some brave long-term investors are looking for bargains among the casualties of the credit crunch
    2007-10-29 03:28:04
  • Retirees might need far less than they think (Akron Beacon Journal)

    Q: I am nearly 51. I plan to retire somewhere between 55 and 60. A realistic age for me to retire would likely be age 58 or 59. I have $263,000 in my 401(k). My wife has $109,000 in her SEP account. We have a house that is worth $190,000 with no mortgage. We also have $270,000 in taxable savings.
    2007-10-28 10:42:07
  • Subprime collapse part of economic cycle (BizJournals)

    Speculative bubbles are nothing new. Back in 1721, Sir Isaac Newton quipped: "I can calculate the motions of the heavenly bodies but not the madness of people." The quote was taken shortly after Newton lost a considerable amount of money in the infamous "South Sea Bubble."
    2007-10-28 10:28:04
  • Glen Burnie Bancorp Releases 3Q Earnings

    MSN MoneyCentral - We do not participate in sub-prime lending and therefore are not subject to the earnings woes reported in the media for other financial institutions. ... as capitalization, liquidity, loan delinquency rate and ...
    2007-10-29 11:03:00
  • Support for PM strongest since Rudd took over

    News.com.au - ... third week of the six-week election campaign, Labor still holds a clear winning position but the Coalition and the Prime ... Despite coming under intense pressure on the expected interest rate rise next week and his Environment Minister's support for ...
    2007-10-29 02:52:00
  • A continued slide in net interest margin, or NIM, also heightened ...

    Marketwatch - ... 11% to KRW173.4 billion - due partly to higher credit card marketing costs and an unidentified amount of sub-prime debt ... The average interest rate on new deposits at South Korean banks rose to 5.28% in September, the highest level since July 2001 ...
    2007-10-29 02:38:00
  • Fed Officials: Housing Slump to Drag On

    Washington Post - What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week. In ... If the funds rate is lowered, commercial banks' prime lending rate _ for certain credit cards, home equity lines of credit and ...
    2007-10-29 01:33:00
  • Federal Reserve not in thrall to the Masters of the Universe

    Times Online - Urgent interest-rate cuts by the US central bank in the past three months were never going to save Mr O’Neal from the consequences of Merrill’s disastrously foolhardy plunge into the sub-prime mortgage frenzy of the past few years. Now it is true ...
    2007-10-29 05:15:00
  • Commodities send TSX sharply higher

    Edmonton Sun - New York indexes were also positive, ahead of a possible interest rate cut later in the week by the U.S. Federal Reserve. ... The financial sector was a prime driver on the Toronto market, up 0.7 per cent as Scotiabank (TSX: BNS ) advanced 77 cents ...
    2007-10-29 11:39:00
  • Swiss shares higher, tracking DJIA stock futures, banks up amid rate ...

    Forbes - ... in financials underpinned by expectation that the US Federal Reserve may cut interest ... Expectations have grown that it will cut its key rate, known as the fed funds ... loss of 600-800 mln sfr, quashing press speculation it may face further sub-prime ...
    2007-10-29 06:45:00
  • First State Reports Improved Asset Quality

    MSN MoneyCentral - The Federal Reserve lowered the Federal Funds target rate by 50 basis points on September 18, 2007, which led to a similar decrease in the prime lending rate. This decrease had minimal affect on net interest margin for the three and nine months ...
    2007-10-29 02:56:00
  • Credit Acceptance Announces Completion of $100 Million Asset-Backed ...

    MSN MoneyCentral - SOUTHFIELD, Mich., Oct. 29, 2007 (PRIME NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company ... The notes will bear interest at an effective fixed rate of 6.27%. The expected annualized cost of the financing, including underwriter's ...
    2007-10-29 12:57:00
  • European stocks rally

    News.com.au - ... past record levels for the euro and oil to focus instead on an expected US rate ... US economy on track despite the fallout from the collapse of the sub-prime home ... record high of $US1.4438 overnight on the speculation about lower US interest rates. ...
    2007-10-29 03:28:00
  • PAB Bankshares, Inc. Announces Third Quarter 2007 Financial Results ...

    MSN MoneyCentral - ... funding sources to reprice upward and the subsequent decreases in Treasury rates, Fed Funds and Prime caused most of our rate ... among depository and other financial institutions may increase significantly; (2) changes in the interest rate ...
    2007-10-29 01:33:00