Mortgage and Financial News From 2008-5-8 Page 9
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UniCredit Net Falls, Missing Estimates, on Writedowns (Update4) - Bloomberg
May 8 (Bloomberg) -- UniCredit SpA , Italy's biggest bank, said first-quarter profit declined 51 percent, missing analysts' estimates, because of credit-market writedowns and a 683 million- euro ($1.05 billion) loss from trading. The bank dropped as ...
2008-05-08 04:31:00 -
Bank of England Keeps Interest Rate on Hold - CNBC
The Bank of England kept the interest rate unchanged at 5 percent on Thursday, caught between the threat of rising inflation and increasing evidence of a weakening economy. Only 5 out of 65 analysts surveyed by Reuters this week expected the central ...
2008-05-08 04:02:00 -
FHA Encourages Lenders to Use Regular 'Bill Payment' Data to Approve ... - Forbes
ANNAPOLIS, Md., May 8 /PRNewswire/ -- PRBC(R), the nation's leading bill payment credit bureau, announced today that its credit verification, reporting and scoring procedures meet or exceed new guidance provided by the Federal Housing Administration ...
2008-05-08 03:26:00 -
'Mortgage costs will not fall for two years-plus' - Times Online
Homeowners will have to wait at least two years for the cost of mortgages to come back down, the chairman of the Building Societies Association gave warning today. Speaking at the BSA conference in Manchester, Iain Cornish indicated that the recent ...
2008-05-08 04:38:00 -
Interest rates held at 5% (Guardian Unlimited)
Bank of England holds interest rates steady as it decides inflationary risks are too great to allow it to cut borrowing costs
2008-05-08 04:18:33 -
Bush Poised To Veto Democrats' Housing Aid Bills (WCCO Minneapolis/St. Paul)
Strapped homeowners could refinance into government-backed mortgages and states would get money to deal with foreclosed property under Democrats' housing aid plan.
2008-05-08 04:22:38 -
Bank Of England Policymakers Keep Interest Rates On Hold (FOX 29 Lake Charles)
Bank of England policymakers have decided to keep interest rates on hold despite mounting pressure for back-to-back cuts.
2008-05-08 04:26:55 -
Quarter of lenders fail to pass on rate cut (Daily Telegraph)
More than one in four mortgage lenders have failed to pass on April's interest rate cut to borrowers, new figures show.
2008-05-08 04:38:25 -
Mortgage recovery to take over 2 years (ShareCast)
LONDON (SHARECAST) - It will take at least two years for mortgage markets to recover from the credit crunch, the chairman of the Building Societies Association (BSA) warned today.
2008-05-08 04:39:08 -
Bank Reveals Decision On Interest Rates (SkyNews via Yahoo! UK & Ireland News)
Bank of England policymakers have decided to keep interest rates at 5.0% despite mounting pressure for back-to-back cuts.
2008-05-08 04:42:00 -
UK housing sector disappointed at BoE decision to leave interest rates on hold (The Forex Market)
LONDON (Thomson Financial) - Lobby groups for the UK housing market voiced their disappointment Thursday at the Bank of England's decision not to cut interest interest rates, saying the slowing UK economy should be the Monetary Policy Committee's number one priority.
2008-05-08 04:47:46 -
Interest rates remain at 5 per cent (Daily Telegraph)
The Bank of England has stood firm on interest rates, writes Paul Farrow
2008-05-08 04:49:51 -
Bank of England Keeps Rate at 5% to Gauge Inflation (Update2) (Bloomberg.com)
May 8 (Bloomberg) -- The Bank of England kept the benchmark interest rate unchanged, guarding against inflation after three cuts in borrowing costs since December.
2008-05-08 04:52:25 -
linked think tank calls for ECB rate cuts - Guardian Unlimited
ELNEP calls on the ECB to swiftly cut its base rates by half of one percent now and by another 50 basis points until the end of 2008 to stabilise consumer and business expectations and prevent an unnecessary and potentially drawn-out downturn in ...
2008-05-08 12:49:00 -
Rates expected to be frozen - Western Telegraph
Bank of England policymakers are expected to keep interest rates on hold, but pressure is mounting for a back-to-back cut after this week's flurry of disappointing economic news. Economists are predicting that the Bank's verdict on the cost of ...
2008-05-08 02:58:00