Mortgage and Financial News From 2008-1-9 Page 2

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• World Bank: Time To Ponder Over Its Fallacies. - Global Politician

  World Bank: Time To Ponder Over Its Fallacies.Global Politician, NY - 1 hour agoAnother prime accusation against World Bank is that it pursues the interests of the US corporations over the poor, every time. Why the World Bank’s head is ...
  2008-01-09 09:07:02

• Countrywide home loan delinquencies rise - San Jose Mercury News

  Countrywide home loan delinquencies riseSan Jose Mercury News,  USA - 1 hour agoThe mortgages are mostly first lien, fixed and adjustable-rate Alt-A loans, a category above subprime but below prime loans offered to borrowers with the ...
  2008-01-09 09:09:14

• European shares close lower - iAfrica.com

  European shares close loweriAfrica.com, South Africa - 1 hour agoDealers in Europe said investors were jittery on the eve of interest rate decisions from the Bank of England and the European Central Bank. ...
  2008-01-09 09:40:43

• US stocks rebound on recession talks - iAfrica.com

  US stocks rebound on recession talksiAfrica.com, South Africa - 1 hour agoGoldman Sachs said it expects the Federal Reserve to cut interest rates aggressively, bringing the federal funds rate from 4.25 percent to 2.5 percent by ...
  2008-01-09 09:40:44

• US city sues bank for alleged race bias in loans - Legalbrief (subscription)

  US city sues bank for alleged race bias in loansLegalbrief (subscription), South Africa - 56 minutes agoIn 2006, Wells Fargo made high-cost loans, with an interest rate at least three percentage points above a federal benchmark, to 65% of its black customers ...
  2008-01-09 09:58:58

• Foreclosure storm hits major cities - Workers World

  Foreclosure storm hits major citiesWorkers World - 48 minutes agoThe subprime rate is at least 3 points higher than the prime rate and results in much larger monthly payments. The suit says that Baltimore is in a ...
  2008-01-09 10:06:48

• Bank of England to Make Rate Decision - The Associated Press

  Bank of England to Make Rate DecisionThe Associated Press - 44 minutes agoLONDON (AP) — European central banks make key interest rate decisions Thursday, with the Bank of England facing calls for a second successive cut to boost ...
  2008-01-09 10:11:10

• Straughn High plans expansion - Andalusia Star-News

  Straughn High plans expansionAndalusia Star-News, AL - 37 minutes agoThe interest rate on the bond, which will be issued through Regions Bank, is set at 1.5 percent, and due to a tax break allotted to bond holders, ...
  2008-01-09 10:17:42

• Recessions and policy risks - Financial Post

  Recessions and policy risksFinancial Post, Canada - 21 minutes agoEconomists are also now revising their Canadian interest rate forecasts down, on the expectation the bank will want to move Canadian rates below US rates. ...
  2008-01-09 10:33:52

• Bank of England to make rate decision (Lexington Herald-Leader)

  European central banks make key interest rate decisions Thursday, with the Bank of England facing calls for a second successive cut to boost fragile consumer confidence while the European Central Bank is expected to stand firm. Economists say the ECB has rates on hold because it is torn between the threat of rising inflation and uncertainty about fallout from the U.S. subprime credit crisis. ...
  2008-01-09 10:16:43

• Bank of England to make rate decision (The Bellingham Herald)

  Britain's Prime Minister Gordon Brown leaves his official residence, 10 Downing Street in London, to attend Prime Minister's Questions at the Houses of Parliament, Wednesday Jan. 9, 2008.
  2008-01-09 10:20:55

• Rate verdict a close call (Reuters via Yahoo! UK & Ireland News)

  Thursday's Bank of England interest rate decision hangs in the balance as policymakers grapple with a raft of gloomy retail reports and the threat of rising price pressures in the near term.
  2008-01-09 10:21:16

• Bank of England to make rate decision (El Paso Times)

  LONDON—European central banks make key interest rate decisions Thursday, with the Bank of England facing calls for a second successive cut to boost fragile consumer confidence while the European Central Bank is expected to stand firm.
  2008-01-09 10:28:25

• Bank of England to Make Rate Decision (San Francisco Chronicle)

  European central banks make key interest rate decisions Thursday, with the Bank of England facing calls for a second successive cut to boost fragile consumer confidence while the European Central Bank is expected to stand firm. Economists say the ECB...
  2008-01-09 10:33:19

• King Likely to Win New Term Leading Bank of England (Update2) (Bloomberg.com)

  Jan. 9 (Bloomberg) -- Prime Minister Gordon Brown was speechless when asked yesterday whether he would reappoint Mervyn King as governor of the Bank of England, silently nodding toward Chancellor of the Exchequer Alistair Darling to repeat the promise of a decision in ``the next few weeks.''
  2008-01-09 10:39:40

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