Mortgage and Financial News From 2008-1-24 Page 47

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• Between Inflation and a Hard Place - Washington Post

  Between Inflation and a Hard PlaceWashington Post, United States - 25 minutes agoThe US Federal Reserve's recent decision to sharply cut its benchmark interest rate prompted a happy response from investors, so it may seem strange that ...
  2008-01-24 12:17:00

• Valley National Bancorp Q4 2007 Earnings Call Transcript - Seeking Alpha

  Valley National Bancorp Q4 2007 Earnings Call TranscriptSeeking Alpha, NY - 17 minutes agoTotal loan yield increased mainly as a result of the decrease in the prime rate as well as the decline in yields on new loans originated. ...
  2008-01-24 12:24:42

• Provident fund rate to remain at 8.5% - The Statesman

  Provident fund rate to remain at 8.5%The Statesman, India - 5 minutes ago24: The Employees Provident Fund (EPF) Board today decided to retain the interest rate to the EPF for the fiscal year 2007-08 at 8.5 per cent, rejecting the ...
  2008-01-24 12:36:48

• Bernanke to rescue (Inside Bay Area)

  WHO'S GOING to save the U.S. economy from a recession: Federal Reserve Chairman Ben Bernanke, or President Bush and the 535 members of Congress?
  2008-01-24 11:52:29

• World stocks recover but Societe Generale scandal casts pall (AFP Business News via Yahoo!7 Finance)

  LONDON (AFP) - European share prices rocketed Thursday, but Wall Street moved only marginally higher and Asian bourses were mixed amid lingering fears of economic slowdown and worry over a massive fraud at Societe Generale.
  2008-01-24 11:57:19

• First Capital Bancorp, Inc. Announces 4th Quarter 36% Earnings Increase (PR Newswire via Yahoo! Finance)

  First Capital Bancorp, Inc. announced today that quarterly earnings were $529 thousand or $0.18 per diluted share, for the three months ended December 31, 2007, representing a 36.0% increase over earnings of $389 thousand, or $0.21 per diluted share, for the same period of 2006.
  2008-01-24 12:00:00

• Hamas wins in Gaza (WorldNetDaily)

  TEL AVIV – As the madness in the Gaza Strip continues, one thing is clear – Hamas has won against Israel, Egypt and the United States on all fronts. The crisis began last week when Palestinian terrorists fired over 200 rockets from the Gaza Strip aimed at nearby Jewish communities.
  2008-01-24 12:02:36

• Markets stay in the black (News Interactive)

  THE sub-prime crisis has combined with a huge fraud to drive France's second biggest bank to lose 7 billion and forced it to seek urgent capital funding.
  2008-01-24 12:20:59

• Housing affordability to ease in 2008 (The Globe and Mail)

  Red-hot property markets in Western Canada will see most relief, Ontario may get left behind, RBC forecast says
  2008-01-24 12:34:32

• Fixed mortgage rates fall to lowest since '04 - CNNMoney.com

  Fixed mortgage rates fall to lowest since '04CNNMoney.com - 3 hours agoRates on home loans drop after Fed makes emergency cut to fed funds rate, Freddie Mac says. NEW YORK (CNNMoney.com) -- Mortgage rates continued to fall this ...
  2008-01-24 08:28:53

• Time To Refi? - CBS News

  Time To Refi?CBS News, NY - 3 hours agoHere’s an example, assuming an old rate of 6.5%, and new rate of 5.5%, with closing costs of $2500: The urgency to refinance now is that if the Fed cuts ...
  2008-01-24 08:44:25

• Recession-proof your life - CNNMoney.com

  Recession-proof your lifeCNNMoney.com - 3 hours agoWith the recent Federal interest rate cuts, is this a good time to refinance my home loan? What things should I take into consideration prior to refinancing ...
  2008-01-24 08:51:28

• Existing Home Sales, Prices Keep Falling - Consumer Affairs

  Existing Home Sales, Prices Keep FallingConsumer Affairs - 2 hours agoMortgage applications jumped as homeowners rushed to refinance, hoping to lock in lower interest rates. But falling home values are a major cause for ...
  2008-01-24 09:09:59

• RLPC-Kuwait's Zain launches $1.2 bln syndicated loan-source - Reuters

  RLPC-Kuwait's Zain launches $1.2 bln syndicated loan-sourceReuters - 2 hours agoKW: Quote, Profile, Research) (Zain) has launched syndication of a $1.2 billion Islamic loan, which will refinance a loan that matured last month, ...
  2008-01-24 09:21:42

• Good mortgage news for a change - Fox 21

  Good mortgage news for a changeFox 21, CO - 2 hours agoPeople are saying it is time for me to refinance, because people want to save money." Kelly says clients want to refinance their interest rate; ...
  2008-01-24 09:33:38

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