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Home Equity Loan - News Articles

CNNMoney.com Market Report - Oct. 8, 2008
Oct 8, 2008
CNNMoney.com -
Wall Street ends a volatile session with losses as investors welcome emergency rate cut but remain wary. By Alexandra Twin, CNNMoney.com senior writer What ...
The Associated Press: Stocks zigzag, end lower after emergency rate cut
Oct 8, 2008
The Associated Press -
NEW YORK (AP) — A stock market empowered by an emergency interest rate cut tried to find some stability Wednesday, rallying several times before another late-day drop left Wall Street down for the sixth straight day. Still, the pullback, while fed by comments from ...
Gold prices rise as Fed cuts rates, dollar falls - Forbes.com
Oct 8, 2008
Forbes, NY -
AP 10.08.08, 6:52 PM ET Gold prices rose Wednesday after the Federal Reserve lowered a key interest rate by a half-point to 1.5 percent. The interest rate reduction weighed on the dollar, because a country's currency becomes a less attractive investment ...
Fear gripping Wall Street
Thursday, October 09, 2008
Minneapolis Star Tribune, MN -
Richard Drew, AP Traders gather at a post on the New York Stock Exchange floor, Tuesday Oct. 7, 2008. Wall Street rose moderately early Tuesday, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt will help ...
It's Time for Banks To Put Their Chips On the Table - WSJ.com
Thursday, October 09, 2008
Wall Street Journal -
By MANUEL HINDS The Federal Reserve injected $480 billion domestically and globally last week and it doubled the dose this Monday, injecting more than $900 billion in one single day. That makes for almost twice the $700 billion rescue package that Congress approved with ...
Thomson Financial Europe AM at a glance share guide: Stocks mixed, oil falls - Forbes.com
Thursday, October 09, 2008
Forbes, NY -
STOCKS: A stock market empowered by an emergency interest rate cut tried to find some stability Wednesday, rallying several times before another late-day drop left Wall Street down for the sixth straight day. Still, the pullback, while fed by comments from Treasury ...
US may take stakes in banks - The Boston Globe
Thursday, October 09, 2008
Boston Globe, United States -
By Robert Gavin The Treasury Department is considering taking ownership stakes in many United States banks after emergency interest rate cuts by the Federal Reserve and central banks around the world yesterday failed to end a global panic in financial markets. The ...
Is the stock market ready for a comeback? - Los Angeles Times
Thursday, October 09, 2008
Los Angeles Times, CA -
Fear of stocks, low interest rates and officials' concerted action create the setting for a possible recovery. By Michael A. Hiltzik, Los Angeles Times Staff Writer October 9, 2008 ...
Federal Reserve orders emergency half-percentage-point rate cut - Los Angeles Times
Thursday, October 09, 2008
Los Angeles Times, CA -
The Fed lowers its benchmark federal funds rate to 1.5%. Other central banks also cut rates. WASHINGTON -- Emergency interest rate cuts Wednesday by the Federal Reserve and five other central banks left in doubt whether government efforts to cure the financial crisis would ...
Stocks fall despite interest-rate cut, cash infusions -- chicagotribune.com
Thursday, October 09, 2008
Chicago Tribune, United States -
By Greg Burns and Laurie Goering | Chicago Tribune reporters The world's central banks gave it their best shot Wednesday, and it wasn't quite enough. ...
Financial markets continue their wild fluctuations -- Newsday.com
Thursday, October 09, 2008
Newsday, NY -
THE FINANCIAL MARKETS continued their wild fluctuations, ending the day with the Dow Jones industrial average dropping almost 332 points in the last half-hour of yesterday's session. Despite a cut in a key interest rate yesterday by ...
The Associated Press: US government may take ownership stakes in banks
Thursday, October 09, 2008
The Associated Press -
WASHINGTON (AP) — News that the Bush administration is considering taking ownership stakes in a number of US banks helped restore a relative calm over global financial markets Thursday. The aim of such a move would be to thaw the lending freeze that ...
Street Slinks To A Gain - Forbes.com
Thursday, October 09, 2008
Forbes, NY -
Wall Street was comfortably higher Thursday morning, after three straight brutal sessions sent stocks to their worst levels in years. Comments Wednesday from Treasury Secretary Henry Paulson and White House officials made it seem likely the government will ...
The Associated Press: Dow closes below 9,000 for first time in 5 years
Thursday, October 09, 2008
The Associated Press -
WASHINGTON (AP) — Calm gave way to fear in financial markets Thursday, turning a relatively steady day into a rout that pushed the Dow Jones industrials down more than 675 points, or more than 7 percent, to their lowest level in five years after a ...
globeandmail.com: TD to raise rates on mortgages, home equity loans
Oct 6, 2008
Globe and Mail, Canada -
The latest victims of the growing financial crisis could be the standard discount available to consumers on variable mortgages, and home equity loans at prime. In a move expected to be followed by other banks, all of which have ...
Mortgage curbs to hit first time buyers - Real Estate - ArabianBusiness.com
Thursday, October 09, 2008
ArabianBusiness.com, United Arab Emirates -
First time buyers could be forced out of the UAE property market after mortgage lenders reined in loans, analysts said on Thursday. But the move could also curb speculators hoping to make a quick profit from “flipping” properties on. ...
Khaleej Times Online - Tamweel Reverts to 80% Limit on Housing Loans
Thursday, October 09, 2008
Khaleej Times, United Arab Emirates -
DUBAI — Tamweel, a Dubai-based Islamic mortgage company, said on Thursday it had ended a promotional offer of up to 90 per cent home financing and was increasing its equity requirements by reverting to its original 80 per cent scheme, a move banking analysts say signals ...
Fitch Takes Various Rating Actions on 1 Irwin Home Equity Loan Trust Transaction
Oct 2, 2008
Earthtimes (press release), UK -
NEW YORK - (Business Wire) Fitch Ratings has taken the following rating actions on one Irwin HELOC transaction. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are now removed. ...
Fitch Takes Various Rating Actions on 2 CSFB MH Issues - MarketWatch
Oct 1, 2008
MarketWatch -
NEW YORK, Oct 01, 2008 (BUSINESS WIRE) -- Fitch Ratings has taken rating actions on the following Credit Suisse First Boston (CSFB) manufactured housing issues listed below. ...
Fitch: Minimal Relief from Asset Quality, Earnings Pressure Prompts National City Downgrade - MarketWatch
Oct 3, 2008
MarketWatch -
NEW YORK, Oct 03, 2008 (BUSINESS WIRE) -- National City Corporation (NCC) has been battling asset quality issues in its mortgage and home equity portfolios for over a year. Fitch notes that during that time the company ...
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