Mortgage and Financial News From 2008-1-27

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• Draft Political Resolution For 19th Party Congress, March 29 to ... - People's Democracy

  Draft Political Resolution For 19th Party Congress, March 29 to ...People's Democracy - 2 hours agoOn account of loans to the state governments under the National Small Savings Scheme Fund, the Central Government charges an interest rate two percentage ...
  2008-01-27 01:17:56

• Monday, bloody Monday - Mail & Guardian Online

  Monday, bloody MondayMail & Guardian Online, South Africa - 1 hour agoIf it were not for the unexpected and very welcome news from the United States Federal Reserve that it was cutting interest rates by 75 basis points, ...
  2008-01-27 02:15:30

• Chinese exchange rate still a cause for worry - Economic Times

  Chinese exchange rate still a cause for worryEconomic Times, India - 1 hour agoAdmitting that the crisis was due to lack of US financial regulation, the IMF managing director told participants that low interest rates, high liquidity, ...
  2008-01-27 02:26:36

• EGYPT-PALESTIANS. Egypt moves to close breached border with Gaza - PR-Inside.com (Pressemitteilung)

  EGYPT-PALESTIANS. Egypt moves to close breached border with GazaPR-Inside.com (Pressemitteilung), Austria - 45 minutes agoFed's tonic for economic ills _ interest rate cuts _ does not come without risks. JAKARTA, Indonesia _ Former dictator Suharto, an army general who crushed ...
  2008-01-27 02:42:20

• Plan B swings into effect to change mood of America - Times Online

  Plan B swings into effect to change mood of AmericaTimes Online, UK - 34 minutes agoCuts in interest rates and taxes of the scale announced last week certainly will boost the US economy’s growth rate, but their full stimulative effects will ...
  2008-01-27 02:52:58

• Markets likely to remain choppy - Economic Times

  Markets likely to remain choppyEconomic Times, India - 13 minutes agoIn fact, fears of more financial heavyweights going under led to the Federal Reserve cutting interest rate prior to the scheduled meet on January 30. ...
  2008-01-27 03:14:00

• Fed's tonic for economic ills – interest rate cuts – does not come without risks (San Diego Union-Tribune)

  WASHINGTON – Lowering interest rates, 6:36 a.m. Jan. 27 (AP): the Federal Reserve's tool for bracing the wobbly economy – is not without risk. Fed Chairman Ben Bernanke and his colleagues are expected to cut rates by as much as one-half of a percentage point at their regularly scheduled meeting this week.
  2008-01-27 11:41:33

• New Zealand’s Latest Road Safety Tool Launched (Scoop.co.nz)

  New Zealand’s latest road safety tool has been launched today by the AA and government transport agencies.
  2008-01-27 01:06:41

• Gov. Sebelius To Give Party's Response To State Of The Union (FOX 4 News Kansas City)

  TOPEKA, Kan. (AP) -- Gov. Kathleen Sebelius has impressed Democrats nationally by winning two terms in a Republican state, and party leaders are giving her a plum speaking role before a prime-time television audience. Top congressional leaders picked her to give the Democrats' response Monday night to President Bush's last State of the Union address.
  2008-01-27 01:52:45

• Davos wraps up with warnings for 2008 (Nine O'Clock)

  The downbeat atmosphere at Davos was in stark contrast to recent years when the gathering had been held against a backdrop of bumper corporate profits, strong growth and tame inflation.
  2008-01-27 03:06:02

• Distressed isle properties offer value

  Honolulu Star-Bulletin - Most of the loans were subprime and they were taken out in 2006," she said, adding that dropping values in some neighborhoods -- especially those that must access Farrington Highway and Fort Weaver Road -- has hurt homeowners' ability to refinance ...
  2008-01-27 08:09:00

• Hicks says he discussed selling part of Liverpool to Dubai consortium ...

  International Herald Tribune - To help fund Anfield's replacement in nearby Stanley Park and refinance the loan used to purchase the Reds, Hicks and Gillett completed a 350-million-pound (US$682 million; €470 million) refinancing package Friday. "We're happy to get it behind us ...
  2008-01-27 04:41:00

• GLOBAL ECONOMY WEEKAHEAD-Rate cuts nudge U.S. back into business

  Guardian Unlimited - At the time, lenders assumed that home prices would continue to rise rapidly, and even overstretched homeowners could simply refinance later on. Fed Chairman Ben Bernanke called that a "flawed premise." The subprime mortgage market remains firmly ...
  2008-01-27 11:44:00

• ETF's For A Bear Market & Recession (FXP, DOG, PSQ, SH, QID, SDS ... - 24/7 Wall St.

  ETF's For A Bear Market & Recession (FXP, DOG, PSQ, SH, QID, SDS ...24/7 Wall St., NY - 9 hours ago... is going to help keep things afloat a bit and the new mortgage cap lifting along with lower mortgage rates will allow many homeowners to refinance. ...
  2008-01-27 05:13:43

• Carl Levin: Stimulating Michigan’s Economy - All American Patriots (press release)

  Carl Levin: Stimulating Michigan’s EconomyAll American Patriots (press release), Sweden - 9 hours agoI support providing federal assistance, such as block grants or tax-free bonds, so that state and local agencies can help homeowners affordably refinance. ...
  2008-01-27 05:15:37

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