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Gilt prices rally after Uk GDP revised lower  Gilt prices rallied on Thursday, sending yields lower, after an unexpected downward revision to first-quarter economic growth in the UK sparked speculation of a interest cut in the near term.via


Falling behind on your mortgage may not mean eviction (Haaretz Daily)  Homeowners who have a hard time making their mortgage payments will not be evicted from their homes unless they have alternative accomodation, according to legal changes that must still be


Kohlberg Kravis sets price range in Reit Ipo  KKR Financial Corp., a real estate investment trust managed by private equity firm Kohlberg Kravis Roberts & Co., on Thursday set an estimated price range of $23 to $25 a


Western New York landlord pleads guilty in mortgage fraud scam  Felony guilty pleas have been entered by a Buffalo landlord and a civil court order has been issued directing the payment of hundreds of thousands of dollars in relation to


6 accused of fraud in mortgage scheme (Houston Chronicle)  Six people were indicted Friday on theft charges, accused of mortgage fraud in connection with a $40 million scheme that already has resulted in lengthy prison sentences for four others,


EU Sets May Deadline For Microsoft  Associated Press Update 4: Microsoft Urged to Settle Antitrust Case 05.23.2005, 09:37 AM The European Union has given Microsoft Corp.via

September 25th, 2007

Treasury Prices Rise on Housing News

“With the dour news, we will be reminded why the Federal Reserve lowered the Fed funds rate as much as it did and all of those who complained about the size of the cut will be quiet today”

Treasury prices rose sharply Tuesday, after homebuilder Lennar Corp. reported a big loss and a national report showed existing home sales at a five-year low in August.

Signs of economic weakness stir demand for government-backed Treasurys.

On Tuesday prospects for economic growth looked poor after Lennar reported an unexpectedly large loss and prominent retailers Target Corp and Lowe’s Cos. cut their sales forecasts.

In addition, the National Association of Relators said existing home sales dropped 4.3 percent to 5.50 million units in August, marking the weakest sales since August, 2002. Inventories of unsold were 4.58 million, the highest level since May, 1989. Read more



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