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Westpac New Zealand Lowers Variable Mortage Rate After RBNZ (Nasdaq) WELLINGTON -(Dow Jones)- Westpac New Zealand said it would drop its variable mortage rate in response to the Reserve Bank of New Zealand's cut to the Official Cash Rate earlier Thursday. World stocks fall amid financial fears (GMA News) LONDON - World stock markets fell Thursday as troubles at US investment bank Lehman Brothers fanned fears of more credit-market losses and drove down financial company shares across the region. Question: So, Which Is It, Recession or Speculation? (The Car Connection) Citing over-production, OPEC says production will be cut by 520,000 barrels a day over a 40-day period. The oil-rich nations are doing so because of a dramatic and fast slackening in demand for oil, which begs the question: is speculation egging them on, or is the whiff of a deep global recession in the air? On the ground, the announcement .. What does takeover mean to your mortage? (Argus Observer) WASHINGTON ? Fannie Mae and Freddie Mac are the largest buyers of U.S. mortgages. Their takeover is expected to ripple through the economy, affecting U.S. home buyers directly and indirectly. Here are answers to common questions about the mortgage finance giants and explanations on how you might be affected by Sunday?s news. Federal mortgage giant takeover may help sustain Austin (News 8 Austin) Austin may be one of few exceptions to the nationwide mortgage crisis, and the federal government's takeover of the two mortage giants may help the city hold on to that label. AIG to launch mortage guarantee business: Wisner (New Kerala) Mumbai, Sep 8 : American International Group (AIG), which has a huge insurance and financial market guarantee business in India, will soon launch mortgage business in the country, AIG Vice Chairman and Former US Ambassador in India Frank G Wisner said here today. U.S. government nationalises its two biggest mortage lenders, Fannie Mae and Freddie Mac (Daily Mail) The U.S. government has staged a dramatic rescue of the nation's two biggest mortgage lenders, heading off a financial collapse that would have sent America into recession. Pearce Picks 9-8 (KMID Midland) Yes. We have to do it. No. Let the chips fall where they may. Only if they pay off my mortage, too. Asia stocks fall sharply amid financial fears (AP via Yahoo! News) Asian markets fell sharply Thursday as troubles at U.S. investment bank Lehman Brothers fanned fears of more credit-market losses and drove down financial company shares across the region. Asia stocks fall sharply on Lehman fears (Bradenton Herald) Japan's key stock index sank to its lowest in nearly six months as investors dumped banks and brokerages. The Nikkei 225 closed down 1.98 percent. to 12,102.50 - its lowest closing level since March 18. |
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