Archive for October, 2007
Home Loan Demand Falls Despite Interest Rate Dip
U.S. mortgage applications fell for a second straight week, largely reflecting a drop in demand for home refinancing loans, an industry group said on Wednesday.
if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d[\'TPUDJ9GDJHY-\']=\’&U=13bpos8gc%2fN%3dTPUDJ9GDJHY-%2fC%3d619213.11492769.11998877.1442997%2fD%3dLREC%2fB%3d4919452\’;
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended September [...]
Posted: October 3rd, 2007 under .
Comments: 1
Dow Jones Passes 14,000 for Record High
Wall Street began the fourth quarter with a huge rally Monday, sending the Dow Jones industrial average to a record close. Stocks were buoyed by a growing belief that the worst of the credit crisis has passed.
if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d[\'WJ15F9GDJHY-\']=\’&U=13busd0v0%2fN%3dWJ15F9GDJHY-%2fC%3d608139.11335111.11912359.2577455%2fD%3dLREC%2fB%3d4868698\’;
The Dow rose 191.92, or 1.38 percent, to 14,087.55, surpassing its closing [...]
Posted: October 2nd, 2007 under .
Comments: none
Stocks Soar on New Hopes For Rate Cut
Â
Wall Street shot higher Monday, sending the Dow Jones industrial average into record territory after a weaker than expected report on manufacturing raised hopes that the Federal Reserve will lower interest rates later this month. A big acquisition by Nokia and relief over a profit warning from Citigroup Inc. added to the market’s gains.
[...]
Posted: October 1st, 2007 under .
Comments: none
Citigroup Warns of 60 Pct. Earnings Drop
Citigroup Inc., the nation’s largest financial institution, warned Monday its third-quarter earnings are likely to decline 60 percent, as it takes more than $3 billion in writedowns for securities backed by underperforming mortgages and loans tied to corporate buyouts.
if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d[\'s3nSEdGDJHY-\']=\’&U=13bv6a4nv%2fN%3ds3nSEdGDJHY-%2fC%3d608139.11335111.11912359.2577455%2fD%3dLREC%2fB%3d4868698\’;
The announcement from Citigroup came as the Swiss bank UBS [...]
Posted: October 1st, 2007 under .
Comments: none






