Mortgage and Financial News From 2008-5-5 Page 4
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Reduced pricing (San Diego Daily Transcript via Yahoo! News)
K. Hovnanian (NYSE: HOV) Homes announced Bottom Line reduced pricing starting from the high $700,000s at its Bella Lago community in east Chula Vista. The reduced pricing ends on May 31, 2008.
2008-05-05 05:30:04 -
Chairman Ben S. Bernanke (Federal Reserve Board)
President Bollinger, Dean Hubbard, Co-Chairman Kravis, and distinguished guests, I am very pleased to be here and especially honored to receive the Columbia Business School's Distinguished Leadership in Government Award.
2008-05-05 05:35:54 -
Zaio Selected for Services with Wholesale Channel (Business Wire via Yahoo! Finance)
SCOTTSDALE, Ariz.----Zaio Inc., the US Subsidiary of Zaio Corporation , announced it has been selected to serve the valuation needs for a lender's wholesale channel. The institution has branch locations throughout the northern United States.
2008-05-05 05:42:00 -
Bernanke: Foreclosure woes require action (CNN Money)
The wave of foreclosures sweeping the nation are driven in part by a nearly unprecedented decline in home prices and require a concerted government and private-sector response, Ben Bernanke, chairman of the Federal Reserve, said Monday.
2008-05-05 05:46:27 -
Bernanke: High foreclosure rates hurt broad economy (EARTHtimes.org)
NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke on Monday said conditions in mortgage markets remain strained, posing a threat to the economy, and urged steps be taken to prevent home foreclosure where possible.
2008-05-05 05:47:58 -
Bernanke urges more action to stem home foreclosure crisis (Belleville News-Democrat)
A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew Monday as he urged Congress to take additional steps to alleviate the problems.
2008-05-05 05:54:46 -
Reserve Bank tipped to hold interest rates - Australian Broadcasting Corp.
The Reserve Bank Board is expected to leave interest rates on hold again this month as it continues to evaluate the pace of the economy. Inflation remains high, with the Consumer Price Index (CPI) blowing out to 4.2 per cent in the year to March. An ...
2008-05-05 12:19:00 -
Fitch Upgrades Hess Corporation's IDR to 'BBB'; Outlook Stable - Forbes
Fitch has also revised Hess' Rating Outlook to Stable from Positive. The rating upgrade reflects Hess' strong operational performance combined with its stable debt levels. Hess' improved operational performance is highlighted by its strong organic ...
2008-05-05 02:21:00 -
Need to know - Times Online
Interest rates The Bank of England’s Monetary Policy Committee is expected to leave interest rates unchanged at 5 per cent on Thursday. The services sector The Purchasing Managers’ Index for April, due out tomorrow, is expected to have fallen to ...
2008-05-05 02:57:00 -
Fitch: Wholesale Vehicle Market Accelerating Loss Rates in U.S. Auto ... - CNBC
NEW YORK, May 05, 2008 (BUSINESS WIRE) -- The expected health of the wholesale vehicle market is a good indicator of future loss severity levels and loss rates in U.S. auto asset-backed securities (ABS), according to Fitch Ratings in a new report ...
2008-05-05 09:28:00 -
Thin Yields Weigh on Investors - Wall Street Journal
Investors who flew to ultra-safe investments amid fears of a recession are now facing a conundrum: what to do about razor-thin yields after several waves of interest-rate cuts. Earlier this year, investors, spooked by the declining value of the stock ...
2008-05-05 02:43:00 -
Paying for inflation - News.com.au
The predicted interest rate rise underlines inflation's position as public enemy number one. The Reserve Bank is widely tipped to leave interest rates on hold at 7.25 per cent at today's board meeting. But the market has swung from expecting interest ...
2008-05-05 03:33:00 -
Ten good reasons for rate reprieve - News.com.au
The slowing economy should mean the RBA leaves rates on hold Inflation is still high, but confidence has dropped In-depth : The latest interest rate news and features
2008-05-05 03:47:00 -
South Korea May Keep Interest Rate Unchanged on Inflation Worry - Bloomberg
May 6 (Bloomberg) -- The Bank of Korea may keep interest rates unchanged at an almost seven-year high this week after inflation accelerated and overseas shipments surged. Governor Lee Seong Tae will leave the seven-day repurchase rate at 5 percent on ...
2008-05-05 03:18:00 -
Stocks end lower after Microsoft pulls Yahoo bid (The Times and Democrat)
NEW YORK - Wall Street pulled back Monday following Microsoft Corp.’s decision to withdraw its bid for Yahoo Inc. and as oil prices rose to a new record over $120 a barrel.
2008-05-05 04:32:17