Mortgage and Financial News From 2008-6-12 Page 01

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  • Tradeweb Adds Four New Dealers and Introduces Request For Stream ... - Forbes

    LONDON and JERSEY CITY, N.J., June 11 /PRNewswire/ -- Tradeweb, a leading over-the-counter, multi-asset class, online marketplace owned by Thomson Reuters and 10 leading dealers, today announced that Citi, Deutsche Bank, Goldman Sachs, and UBS have ...
    2008-06-11 02:46:00
  • Bank of Canada holds line on interest rates - CBC News

    The Bank of Canada gave the market a surprise on Tuesday as it left a key interest rate unchanged amid inflation worries. The central bank left the overnight rate — what the country's big banks charge each other for overnight loans — steady at ...
    2008-06-09 05:57:00
  • Sharp rise in public’s inflation expectations - Financial Times

    Public expectations of inflation have risen sharply in the past few months, increasing the likelihood that the Bank of England will countenance a prolonged period of sluggish growth, a survey showed on Thursday. The Bank’s quarterly survey of ...
    2008-06-12 10:04:00
  • The party's over - South China Morning Post

    The US Federal Reserve is suddenly talking tough about inflation. The market has now pencilled in a rate rise before the year ends. The European Central Bank is signalling that it may raise interest rates soon. The market fears an inflation crackdown ...
    2008-06-12 01:43:00
  • Emerging markets face inflation meltdown - Daily Telegraph

    Central banks across much of Asia, Latin America, and Eastern Europe will soon have to jam on the breaks or risk a serious crisis as inflation spirals into the danger zone. As the stark reality becomes ever clearer, this year's correction in emerging ...
    2008-06-12 09:50:00
  • S African key rate rises to five-year high - Financial Times

    South Africa’s central bank on Thursday raised its benchmark interest rate by 50 basis points to a five-year high of 12 per cent, in an attempt to prevent rising food and oil prices spilling into wage increases and other areas of its economy. The ...
    2008-06-12 08:53:00
  • Slowing economy but no signs of rate cut - News.com.au

    THERE are no signs yet that interest rates will soon begin to fall with central bank governor today saying the extent and duration of economic moderation remained uncertain. The Reserve Bank of Australia governor's lunchtime speech to the American ...
    2008-06-12 08:38:00
  • Daily Market Outlook - FXStreet.com

    The dollar strengthened to a one-week high on Thursday against the euro as U.S. retail sales advanced in May by twice as much as economists' forecasts, raising speculation the Federal Reserve may increase interest rates from the current 2 percent ...
    2008-06-12 09:07:00
  • Obama Aide Resigns From Search Team - AOL

    WASHINGTON (June 11) - A former CEO leading Barack Obama's search for a vice presidential candidate resigned abruptly Wednesday after questions about his home mortgage deals became a distraction for a candidate who argues he's not influenced by ...
    2008-06-12 05:39:00
  • Arrest Made in $35M Mortgage Fraud - Washington Post

    Federal authorities charged a Prince George's County couple yesterday with running a $35 million foreclosure rescue operation that duped lenders and unsuspecting homeowners facing foreclosure in what prosecutors described as one of the largest ...
    2008-06-12 09:43:00
  • Arrest Made in $35M Mortgage Fraud - Washington Post

    Federal authorities charged a Prince George's County couple yesterday with running a $35 million foreclosure rescue operation that duped lenders and unsuspecting homeowners facing foreclosure in what prosecutors described as one of the largest ...
    2008-06-12 09:43:00
  • Cook Pine Buys Distressed Debt After Betting Against Home Loans - Bloomberg

    June 13 (Bloomberg) -- Eichiro Kuwana, whose bet against the U.S. mortgage market helped his fund of hedge funds beat his peers last year, is now increasing investments in distressed assets and the emerging markets. ``We fully expect significant ...
    2008-06-12 05:39:00
  • Goodwin sees interest rates heading higher - Herald

    Royal Bank of Scotland chief executive Sir Fred Goodwin said yesterday that the next move in UK base rates was likely to be up rather than down, in spite of falling house prices and slowing economic growth, and declared people "shouldn't forget the ...
    2008-06-11 02:49:00
  • TEXT-Fitch rates Babcock & Brown Power A$2.7bn secured facility - Reuters UK

    June 11 - Fitch Ratings has today assigned BBP Finance Australia Pty Limited's (BBPF) secured multi-currency term and revolving syndicated facility (the Secured Facility) a rating of 'BBB-' (BBB minus). At the same time, Fitch has assigned an Issuer ...
    2008-06-10 08:19:00
  • Mortgage fees rise - Daily Telegraph

    Before the credit crisis started, 18 months ago, just 22 out of 806 fixed rate mortgages on the market – or 3 per cent – charged an arrangement fee of £750 or more. Now 323 out of 939 deals – or 34 per cent – charge an fee of this size. The ...
    2008-06-11 06:24:00