Mortgage and Financial News From 2008-1-31 Page 17

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  • Federal Election: Economy

    News.com.au - Saying sorry is not an apology, says PM PRIME Minister John Howard today denied apologising for the latest interest rate rise, saying that uttering the word sorry did not amount to the same thing.
    2008-01-31 07:57:00
  • After subprime woes, uncertainty around bond insurers could be next ...

    PR Inside - That has made it difficult for the Federal Reserve _ even with its aggressive rate cuts recently _ to restore confidence ... made two rate cuts totaling 1.25 percent in the past two weeks in an effort to spur new investments through lower interest ...
    2008-01-31 02:52:00
  • CE Franklin Ltd. announces 2007 Fourth Quarter and Year End Results

    Forbes - The remaining $0.5 million is repayable in five years and bears interest at the bank prime rate. Additional consideration of up to $2.5 million is contingently payable over a two year period to the extent that revenues from existing JEN ...
    2008-01-31 02:31:00
  • Cosatu welcomes unchanged interest rates

    SABC - The Reserve Bank's decision to leave the prime interest rate unchanged at 14.5% has been welcomed. The Congress of SA Trade Unions (Cosatu) hopes that it is the start of a moderate approach by the bank. Cosatu says last year's consecutive interest ...
    2008-01-31 09:23:00
  • Prime Minister Kevin Rudd warns of pain in budget

    News.com.au - PRIME Minister Kevin Rudd has warned of "pain and difficulty" for Australians in this year's budget as he declared ... Mr Rudd said unions must agree to rein in excessive wage rises to help head off rising inflation and potential interest rate rises
    2008-01-31 03:14:00
  • Fed cuts a half point

    Baltimore Sun - Commercial banks mirrored the Fed's move, lowering their prime rate - what they charge their best borrowers - to 6 percent. The Fed also made a half-point cut to the rate it charges banks for emergency borrowing. Usually, lower rates make it cheaper ...
    2008-01-31 08:33:00
  • How Congress helped create the subprime mess

    CNN Money - Adjustable-rate mortgages, in which the interest rate becomes floating after a number of years. Balloon-payment mortgages, which have an outsized payment when the loan comes due. Interest-only mortgages, which require only repayment of interest (not ...
    2008-01-31 09:30:00
  • BofA, Wachovia drop prime lending rates

    Sacramento Business Journal - Wachovia Corp. and Bank of America Corp. have reduced their prime interest rates to 6 percent from 6.5 percent. The cut comes after the Federal Reserve lowered the federal funds rate 0.5 percent to 3 percent Wednesday afternoon, as recession fears ...
    2008-01-31 01:34:00
  • Bank of Florida Corp. Responds to Federal Reserve Rate Cuts

    Forbes - Favorably, the Company's recently executed interest rate swap is providing approximately 10 basis points in improvement to the ... history and/or multiple relationships with the Company and the Company's loan portfolio does not include any Sub Prime ...
    2008-01-31 02:52:00
  • 1st time since 2003, HDFC cuts home loan rate

    Times of India - On Thursday, HDFC said it would cut its retail prime lending rate (RPLR) — the rate to which all its interest rates are benchmarked — by 25 basis points to 13.75% per annum from the 14% earlier. The cut is effective from February 1. It has ...
    2008-01-31 02:09:00
  • CE Franklin Ltd. announces 2007 Fourth Quarter and Year End Results - StreetInsider.com (subscription)

    CE Franklin Ltd. announces 2007 Fourth Quarter and Year End ResultsStreetInsider.com (subscription), MI - 3 hours agoThe loan facility bears interest based on floating Canadian bank prime rate and is secured by a general security agreement covering all assets of the ...
    2008-01-31 02:32:17
  • Come home to some relief - Calcutta Telegraph

    Come home to some reliefCalcutta Telegraph, India - 3 hours agoHDFC slashed its benchmark interest rate for retail home loans — known as the retail prime lending rate (RPLR) — to 13.75 per cent. The floating rates are ...
    2008-01-31 02:37:39
  • Wool prices down 3.6pc for the week - North Queensland Register

    Wool prices down 3.6pc for the weekNorth Queensland Register, Australia - 2 hours ago... in US interest rates. • Reports of tighter credit availability in China in the past fortnight, flowing from the fallout from the US sub-prime crisis. ...
    2008-01-31 03:02:32
  • Rudd asks unions to show wage restraint - The Age

    Rudd asks unions to show wage restraintThe Age, Australia - 2 hours agoMr Rudd said unions must agree to rein in excessive wage rises to help head off rising inflation and potential interest rate rises. ...
    2008-01-31 03:06:32
  • Silicon Motion Announces Fourth Quarter Results for the Period ... - CNNMoney.com

    Silicon Motion Announces Fourth Quarter Results for the Period ...CNNMoney.com - 2 hours ago31, 2008 (PRIME NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("the Company") today announced its fourth quarter 2007 financial results. ...
    2008-01-31 03:07:55