Mortgage and Financial News From 2008-5-7 Page 9
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Slowing economy starts to take toll as mortgage defaults rise in ... - Toronto Star
C anada's slowing economy is starting to take a toll on homeowners. "Defaults are rising in certain parts of the country," said Peter Vukanovich, president of Genworth Financial Canada, which insures mortgages against default. Which parts of the ...
2008-05-07 01:26:00 -
Lenders Pressed to Hurry Help - Washington Post
Treasury officials met with about 10 leading mortgage firms yesterday to figure out why they have not helped more distressed homeowners, pressing the lenders to do better. At the closed-door session, Treasury staff members reviewed legal and ...
2008-05-06 08:54:00 -
RBA boss in rates warning - News.com.au
RBA says further rate rises possible Board "rattled" by inflation acceleration In-depth : The latest interest rate news and features RESERVE Bank governor Glenn Stevens has raised the prospect of further interest rate rises, warning that the ...
2008-05-06 08:39:00 -
Bernanke, Expanding His Tools, Aims to Pay Interest on Reserves - Bloomberg
May 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, seeking ways to stabilize money markets, will ask Congress for authority to pay interest on commercial-bank reserves this year, a person familiar with the discussions said. The central ...
2008-05-06 11:17:00 -
Dollar falls against euro, other currencies as oil shoots past $122 ... - International Herald Tribune
Surging oil is compounding worldwide inflation concerns, leaving it more likely the European Central Bank and the Bank of England will hold interest rates steady later this week. The 15-nation euro rose to $1.5533 on Tuesday, up from $1.5497 in late ...
2008-05-06 12:54:00 -
ECB to hold rates but will Trichet crack the whip? - Guardian Unlimited
* What: ECB's April interest rate decision * When: decision announced at 1145 GMT on May 8, ECB President Jean-Claude Trichet holds news conference at 1230 GMT * Rates expected to stay at 4.0 percent amid high inflation and uncertain growth prospects ...
2008-05-05 08:02:00 -
Australia's central bank leaves cash target rate unchanged, as ... - Forbes
SYDNEY (Thomson Financial) - The Reserve Bank of Australia (RBA) on Tuesday left its cash target rate at 7.25 percent but policymakers left open the possibility of raising interest rates in the near term if inflationary pressures persist. The ...
2008-05-06 12:30:00