Mortgage and Financial News From 2007-10-16

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  • Community Trust Bancorp, Inc. Reports Earnings for the Third Quarter 2007 (Business Wire via Yahoo! Finance)

    PIKEVILLE, Ky.----Community Trust Bancorp, Inc. :
    2007-10-16 06:14:00
  • S&T Bancorp, Inc. Announces Earnings (PR Newswire via Yahoo! Finance)

    S&T Bancorp, Inc. today announced earnings for the third quarter and year-to-date 2007.
    2007-10-16 06:00:00
  • Cascade Bancorp (Oregon) (Nasdaq: CACB) Announces Solid Third Quarter Financial Results: Earnings Per Share $0.35 ... (PR Newswire via Yahoo! Finance)

    Cascade Bancorp reported third quarter 2007 Diluted Earnings Per Share at $0.35 per share compared to $0.37 reported for the same quarter in 2006 and $0.36 per share in the immediately preceding quarter.
    2007-10-16 06:00:00
  • S&T Bancorp, Inc. Announces Earnings (FinanzNachrichten)

    INDIANA, Pa., Oct. 16 /PRNewswire-FirstCall/ -- S&T Bancorp, ( Nachrichten ) Inc. today announced earnings for the third quarter and year-to-date 2007. Diluted earnings per share were $0.63 in the third quarter of 2007 as compared to $0.57 for the third quarter of 2006, representing an 11 percent increase.
    2007-10-16 06:20:18
  • INDICATORS - Lebanon - Updated Oct 16 (Reuters via Yahoo! Malaysia News)

    BEIRUT, Oct 16 - Below is a table of the latest Lebanese economic statistics.
    2007-10-16 02:16:45
  • More on the debate over a "safe' withdrawal rate for retirement savings (Austin American-Statesman)

    Q: You confused me recently in a column about safe rates of withdrawal. I am 68 years old and 80 percent invested in CDs. My CDs are paying between 5 percent and 5.5 percent. If I withdraw only 4 percent or 5 percent from my investments, I will have more money when I die than I have now.
    2007-10-15 06:17:30
  • Citigroup suffers 57 pct profit drop; current quarter looks far from ...

    International Herald Tribune - What did sound some alarms was the biggest U.S. bank's somber take on current ... Citigroup took mortgage-backed security losses of $1.56 billion (€1.1 billion) in ... The Federal Reserve lowered interest rates and helped loosen up the markets, but ...
    2007-10-15 02:18:00
  • Big Guns Work To Contain Mortgage Mess

    New London Day - Big Guns Work To Contain Mortgage Mess Bernanke: Housing Slump Will Be Drag On Economy ... He didn't specifically commit to cutting rates again at their next meeting, Oct ... contraction in housing is likely to be a significant drag on growth in the current ...
    2007-10-16 05:42:00
  • Cascade Bancorp (Oregon) (Nasdaq: CACB) Announces Solid Third...

    MSN MoneyCentral - The net interest margin for the current quarter was 5.24% compared to 5.34% in the ... Company does not have direct exposure to the highly publicized sub-prime mortgage ... over year increase was primarily due to an increase in both volume and rates ...
    2007-10-16 06:03:00
  • DiamondRock Hospitality Company Reports Strong Third Quarter Results

    MSN MoneyCentral - ... July 31, 2007, the Company refinanced its $18.4 million fixed-rate mortgage ... Based on our current forecast, we expect to be towards the middle of our full year ... the potential for additional terrorist attacks, that will affect occupancy rates ...
    2007-10-16 05:06:00
  • Bernanke Speech Dominates Street Talk

    CNBC - Financials always outperform when the Fed cuts interest rates. Truth ... Current 2008 earnings growth expectation for Financials is 10.2% despite the disappearance of many mortgage-related businesses that contributed to stellar EPS growth in recent ...
    2007-10-16 07:01:00
  • Namibia: Rates Up Again

    AllAfrica.com - ... up a 50 basis point increase in interest rates from 14.75 percent to 15.25 percent, which is applicable to the prime overdraft rate, asset based finance (including vehicle financing) and the mortgage ... on Wednesday, where it considered the current ...
    2007-10-16 03:40:00
  • Pound Extends Decline Against Euro, Dollar After Inflation Data

    Bloomberg - ... from the current level of 4 percent. Both the Bank of England and the ECB left their key rates unchanged on Oct. 4 as officials gauged the effects of a surge in money-market rates fueled by the collapse of the U.S. subprime- mortgage ...
    2007-10-16 05:42:00
  • Interest rates remain unchanged

    Edmonton Sun - ... indicators that suggest it may remain on the sidelines in terms of interest rates ... In line with this projection, the bank judges, at this time, that the current level ... Following this summer’s subprime mortgage meltdown in the U.S., the bank said the ...
    2007-10-16 05:49:00
  • U.K. Inflation Rate Matches Lowest Since March 2006 (Update3)

    Bloomberg - ... the Bank of England scope to protect economic growth by cutting interest rates ... say the bank probably will cut the benchmark interest rate from the current six ... costs in financial markets triggered by the collapse of the subprime mortgage market ...
    2007-10-16 04:02:00