Types Of Bankruptcy

New Start Home Loans Launches Mortgage Resources Online (PR Newswire via Yahoo! Finance)   New home buyers and owners researching online mortgage options benefit from free consumer reports, mortgage tools and services at http://www.newstarthomeloans.com today.read more...


Emaar launches new home maintenance campaign  Dubai: Emaar Properties has launched a new campaign to educate residents of its master-planned communities on the importance of preventive maintenance of their homes.Commentread more...


'Pigtails and Hardhats' opens at Muncie Children's Museum  The first 100 children entering the museum will receive a free gift to celebrate this new exhibit.read more...


Developers plead guilty in mortgage fraud scheme (WKBT La Crosse)  MINNEAPOLIS (AP) - A longtime Twins Cities home builder, his wife and son-in-law have pleaded guilty for their roles in a mortgage fraud scheme. The developers bilked lenders and others


AT&T Wins ResMAE Network Deal  AT&T announced that it has won a three-year data and voice networking contract from ResMAE Mortgage, a wholesale specialty residential mortgage lender and servicer.read more...


State takes action in mortgage probe (Crane's Chicago Business)  (Crain's) -- State regulators announced Tuesday that they have taken action against 11 people and six companies they allege were involved in mortgage fraud rings that flipped more than 100

September 19th, 2007

Rate Cut Ups Enthusiasm for Oil, Metals

“But the Fed left language in (its economic statement) to remind people they are looking at longer term inflation.”

Metals and energy prices climbed Wednesday as the Federal Reserve’s half-point interest rate cut lifted expectations for economic growth.

The commodities markets saw a vigorous advance in crude oil, gold and industrial metals prices as investors took the U.S. central bank’s rate reduction as a sign the Fed will be vigilant in trying to stave off a recession. The Fed on Tuesday slashed its benchmark federal funds rate to 4.75 percent from 5.25 percent, where it rested for more than a year.

Investors appeared optimistic that the Fed’s move would begin to unwind tightness in the credit markets and bring greater stability to financial markets, which have been periodically mired by rising defaults on subprime mortgages and housing market weakness. The commodities markets which had also felt the sting of uncertainty about how those problems would affect economic growth turned sharply higher Tuesday. Read more



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