Mortgage and Financial News From 2007-11-5 Page 11

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• European Bonds Rise as Losses at Citigroup Stoke Haven Buying

  Bloomberg - ... in more than a year in the three months to Sept. 30 as subprime-mortgage concerns prompted investors to seek the safety of government debt. ... Rates Unchanged Prince is the third banking chief to be ousted ...
  2007-11-05 06:27:00

• Lehman cuts Merrill Lynch and Bear Stearns

  CNN Money - ... than its previous estimate of $4.5 billion due to deterioration in the mortgage ... Shares of Merrill Lynch fell almost 8 percent on Friday and hit their lowest point ... Freeman already rates Goldman and Morgan Stanley "Equal Weight." Shares of Merrill ( ...
  2007-11-05 06:41:00

• Dollar Libor rates rise, three-month euro falls

  Stockhouse Canada - ... month Libor rates rose to 4.87500 percent at their daily fixing -- after hitting their lowest since March 2006 on Friday. Two-month rates ... The elevated levels in interbank lending costs stem from the fallout in U.S. subprime mortgage market ...
  2007-11-05 05:37:00

• Treasuries Rise on Demand for Safety as Citigroup CEO Resigns

  Bloomberg - Treasuries rose, with two-year yields near the lowest since 2005, after Citigroup ... year notes, more sensitive than longer- maturity debt to changes in interest rates ... will take an additional $8 billion to $11 billion in writedowns related to mortgage ...
  2007-11-05 12:22:00

• Pound Declines From 26-Year High Against Dollar as Stocks Slide

  Bloomberg - The U.K.'s benchmark stock index, the FTSE 100, slipped as much as 1.7 percent to its lowest in two weeks, led by declines in banks. Mortgage lender ... including carry trades, where investors borrow the yen or Swiss franc at their low interest rates ...
  2007-11-05 08:57:00

• Credit card users hit with rising costs

  Guardian Unlimited - In the past two months more than 125 separate fees and rates have been increased ... who are still working and approaching retirement - generally considered the lowest ... Nervousness about bad debts is also expected to impact on the mortgage market, where ...
  2007-11-05 06:34:00

• Wall Street slips on Citi's woes

  MSN UK News - ... said it may write off up to $11 billion (5.3 billion pounds) of subprime mortgage ... In the money market, interbank lending rates for two-month and three-month dollar ... pan-European shares slipped 0.7 percent, or 10.65 points, to 1,549.22, its lowest ...
  2007-11-05 01:58:00

• Stocks fall sharply on Citigroup writedowns

  Edmonton Sun - RATES ... Overseas, most Asian markets fell on worries about U.S. credit problems and mortgage ... Tokyo's Nikkei 225 average fell 248.60 points to 16,268.9 points, its lowest level ...
  2007-11-05 06:56:00

• KB Home Chief Says Weak Consumer Confidence Weighing on Housing

  Bloomberg - The Conference Board's index of confidence declined to 95.6 in October, the lowest in two years, signaling Americans ... Tightening lending standards and increased mortgage default rates have compounded the situation. All of these factors have impacted ...
  2007-11-05 02:12:00

• Canada's Bonds Rise on Concern Subprime Losses to Hurt Growth

  Bloomberg - ... year security to an almost one-month low, on renewed concern that subprime mortgage ... There is a lot of pessimism,'' said Eric Lascelles, chief economics and rates ... The yield is close to the lowest since Oct. 1, when it touched 4.045 percent. The ...
  2007-11-05 09:40:00

• Money market forces plunge

  News.com.au - GLOBAL money market jitters yesterday sent Australian shares to their lowest point ... news of further losses from financial giant Citigroup due to the subprime mortgage ... Nomura's Mr Betts said tomorrow's rates decision would be influential. The market ...
  2007-11-05 12:46:00

• Australia's Home-Loan Growth May Have Stalled on Rate Increase

  Bloomberg - ... increased in September as the highest interest rates in ... Housing affordability dropped to the lowest level on record in the third quarter, according to an index compiled by Commonwealth Bank and the Housing Industry Association.
  2007-11-05 12:46:00

• Crossover Hit by Citi Woes; Sainsbury CDS Dives

  CNBC - C   Loading...       ( %)   ] losses of $11 billion on U.S. subprime mortgage loans weighed on sentiment. Five-year credit default swaps on Sainsbury were down roughly 175 basis points at 75 basis points, a trader said. Delta Two's 10.6 ...
  2007-11-05 05:30:00

• UPDATE 1-Chimera Investment sees IPO of 33 mln shares at $15/shr

  Reuters - The newly-formed specialty finance company that is seeking real estate investment trust status said it plans to invest the proceeds from the offering in prime mortgage loans, non-agency residential asset backed securities (ABS), collateralized ...
  2007-11-05 10:38:00

• GLOBAL MARKETS-US stocks slip on Citi's woes, dollar off vs yen

  Reuters - The banking giant's nearly pristine credit rating was downgraded and shares tumbled 7 percent to a session low at $35.00, triggering fears of even more exposure among financial firms to toxic U.S. subprime mortgage loans. "The problem is, investors ...
  2007-11-05 01:22:00

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