Mortgage and Financial News From 2007-10-1 Page 10

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  • No tax deduction if you don't pay the mortgage (Reno Gazette-Journal)

    DEAR BOB: I am planning on selling my home and buying another. My daughter is willing to move in with me. I would like to add her name to the deed so she can deduct half of the home's mortgage interest and property taxes on her income tax each year. Can this be done if I add her to the deed but not to the mortgage? -- Shirley McW.
    2007-10-01 03:38:15
  • WaMu: Mortgage brokers must disclose more (CNN Money)

    Lender says it won't close on a mortgage without confirmation that borrower understands terms.
    2007-10-01 02:10:22
  • Integer brings new competition to the mortgage market (Sunday Times)

    A NEW mortgage lender, which launched yesterday, is promising to cut the time it takes to respond to home loan applications from about seven days to within 48 hours.
    2007-10-01 04:29:30
  • WaMu Unveils Mortgage Broker Standards (AP via Yahoo! Finance)

    Washington Mutual Inc., the nation's sixth-largest home-mortgage lender in terms of volume, is asking mortgage brokers it works with to provide more information to borrowers.
    2007-10-01 12:42:02
  • No OPEC output lift on weak dollar

    Manila Times - The greenback tumbled to a new all-time low of 1.4263 against the euro Friday on growing concerns over the United States economy and the prospect of lower American interest rates, dealers said. The weak US currency ...
    2007-10-01 06:21:00
  • House prices tumble - and continue to spiral upwards

    Guardian Unlimited - Now he sees more uncertainty, with worries over Northern Rock, the US mortgage market, home information packs (Hips) and the hikes in interest rates causing a sense of unease. However, there are so many surveys that he says "you can pick whichever one ...
    2007-09-28 05:59:00
  • Gold near 28-year peak, platinum eyes all-time high

    Economic Times - Record-high oil prices, the Federal Reserve's surprise move to slash interest rates by 50 basis points and a struggling dollar have elevated gold's safe-haven appeal and ignited buying interest from funds, speculators as well as retail investors ...
    2007-10-01 09:49:00
  • Reddy gets the first call to decide on rate

    Economic Times - MUMBAI: Hours after RBI governor YV Reddy comes out with his mid-term policy review on October 30, the federal open market committee (FOMC) will meet to decide on interest rates in the US. Market participants may, therefore, hesitate to take a view ...
    2007-10-01 11:00:00
  • Sarkozy's euro exchange rate plan impractical

    The Australian - The ECB's official short-term interest rates will probably stay at 4 per cent for a considerable period. The ECB will not start to cut interest rates until inflationary pressures subside and until there is some hard statistical evidence of an ...
    2007-10-01 01:31:00
  • Dollar steadies after earlier lows

    FXStreet.com - The lower U.S. interest rates, used to jump-start the economy, can weaken its currency as investors transfer funds to countries where their deposits and fixed-income investments bring higher returns. In late New York trading, the dollar crept up to $1 ...
    2007-10-01 03:11:00
  • Japanese manufacturers remain upbeat despite recent market volatility

    International Herald Tribune - Those mixed results probably aren't enough to dramatically alter the prevailing view that the Bank of Japan is unlikely to raise interest rates imminently given the economic instability caused by the credit market crisis, analysts said. Shiraishi, the ...
    2007-10-01 12:33:00
  • Market sees new Opec price plan (Gulf News)

    Dubai: International banks and analysts have hinted at the possibility that Opec will switch the pricing of oil from the dollar to a basket of currencies as the greenback sank to a record low against the euro yesterday.
    2007-10-01 03:16:14
  • TIPS help conservative investors beat inflation (Lowell Sun)

    When it comes to saving, conservative investors think they can avoid the big risks of a volatile market by placing their retirement funds in "safer" places like passbook savings accounts, and certificates of deposit (CDs).
    2007-10-01 10:04:40
  • INDICATORS - Lebanon - Updated Oct 1 (Reuters via Yahoo! Malaysia News)

    BEIRUT, Oct 1 - Below is a table of the latest Lebanese economic statistics.
    2007-10-01 04:24:22
  • Lock in a solid savings rate (Money via Yahoo! Finance)

    "Neither a borrower, nor a lender be," Shakespeare advised. But after last week's half-point cut of the federal funds rate, savers are the ones who might be taking a hit.
    2007-10-01 01:40:00