Mortgage and Financial News From 2008-5-21 Page 18

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• Do not worry about 'Do Not Call' registry - Crescent-News

  Hello? ... Hello? ... Hang up. Nine times out of 10, this scenario involves a telemarketer on the other end of the line. Five years ago in June, the Federal Trade Commission gave telephone customers who were sick and tired of annoying phone calls ...
  2008-05-21 01:26:00

• Fed should resist rate cut calls, Fed's Warsh says - Reuters

  WASHINGTON (Reuters) - The Federal Reserve must protect its inflation-fighting credibility and should resist "reflexive" calls to cut interest rates further if growth weakens, a top Fed policy-maker said on Wednesday. Fed Governor Kevin Warsh said ...
  2008-05-21 01:05:00

• Major British Lender Hikes Mortgage Rates By 0.25 Percent - All Headline News

  London, England (AHN) - Cheltenham and Gloucester, one of England's largest mortgage lenders, announced that starting Tuesday it would raise its mortgage rates by 0.25 percent across all types of mortgage products. In an announcement quoted by the ...
  2008-05-19 03:45:00

• Fitch Takes Various Actions on 5 Washington Mutual Mortgage Alt-A ... - Forbes

  --Washington Mutual Mortgage, WMALT Series 2005-1; --Washington Mutual Mortgage, WMALT Series 2005-2; --Washington Mutual Mortgage, WMALT Series 2006-2; --Washington Mutual Mortgage, WMALT Series 2006-3; --WaMu Mortgage Pass-Through Certificates ...
  2008-05-21 01:34:00

• Israeli currency at 11-year high vs. dollar amid Syria talks (Market Watch)

  Hopeful news on the Israeli-Syrian diplomatic front helps the shekel rally to an 11-year high against the U.S. dollar.
  2008-05-21 02:22:49

• Tax revenues may fall short by ¥1 trillion (The Japan Times)

  General account tax revenues are expected to fall some ¥1 trillion short of a revised projection at ¥52.551 trillion for fiscal 2007, which ended March 31, due to slower growth in corporate tax revenues, government sources said Wednesday. The tax revenue shortfall indicates the government could fail to reach its goal of achieving a primary budget surplus for the central and local governments in ...
  2008-05-21 02:28:29

• First Banks, Inc. Announces Restatement of Financial Statements, Planned Capital Raise And Restructure of Financing ... (wallstreet:online AG)

  First Banks, Inc. ("First Banks" or the "Company") (NYSE: FBSPRA) announced today
  2008-05-21 02:34:19

• Brazil IPOs Are Canceled as Prices Exceed Profits (Update3) (Bloomberg.com)

  May 21 (Bloomberg) -- Brazil, the world's best -performing equity market, has more companies canceling initial public offerings than any nation except the U.S. after 66 percent of last year's new stocks were money-losers.
  2008-05-21 02:36:25

• Housing bill could be bad news for expensive mortgages (INO News)

  (AP:WASHINGTON) A Senate bill aimed at reviving the beleaguered U.S. housing market could make borrowing for a home more expensive in high-priced markets such as California and New York.
  2008-05-21 02:37:23

• Fed Minutes Signal a Pause and Markets Fall (NYTimes.com via Yahoo! Finance)

  The hawkish tone of the minutes, in which Fed policymakers signaled a willingness to freeze their rate-cutting campaign, sent the stock indexes tumbling.
  2008-05-21 02:37:49

• Dollar Struck Down By Oil, Euro-Zone Data To Multi-Week Lows (The Forex Market)

  NEW YORK (Dow Jones)--The dollar is approaching its historical low versus the euro Wednesday morning, after broadly selling off overnight on strong euro-zone data and another record high for oil, which topped $130 a barrel.
  2008-05-21 06:28:12

• US plans $550 mln economic aid to Palestinian Territories in 2008 (The Forex Market)

  WASHINGTON (Thomson Financial) - The Unites States plans to provide $550 million in economic aid to the Palestinian Territories in 2008, a senior Treasury official said.
  2008-05-21 06:58:07

• Gold Continues to Recoup Corrective Losses (GoldSeek.com)

  May 21, a.m. ( USAGOLD ) -- Gold continues to recover corrective losses realized in Mar/Apr, bolstered by record oil and heightened tensions in the Middle East.
  2008-05-21 08:32:54

• Reader poll (Mortgage Introducer)

  A major estate agency currently seeks an experienced Mortgage Advisor to provide mortgage advice to their clients. Based in Swindon. Office based role.
  2008-05-21 08:57:34

• Countrywide e-mail snafu angers borrowers (CNN Money)

  Mortgage lender chairman Angelo Mozilo accidentally replies to floundering customer with disparaging e-mail.
  2008-05-21 12:00:39

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