Consumer credit growth slows
Growth in consumer credit and mortgage lending both slowed down in June, the Bank of England’s figures show.
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GMAC plans to cut 5,000 jobs at mortgage unit (International Herald Tribune) The job cuts at GMAC's Residential Capital mortgage unit will affect about 57 percent of ResCap's work force in the United States. GMAC also said it will close all 200
Horton lifts outlook amid strong demand D.R. Horton Inc. , the No. 1 U.S. home builder, on Wednesday posted a better-than-expected fiscal fourth-quarter profit and raised its outlook for the current year on strong demand nationwide,
Fed Expected to Cut Rates for 2nd Time "They have got to slow down. It is just a question of how much and how fast." With oil prices soaring and the housing market sinking, the Federal Reserve
Your Money Matters: Dealing with Rising Mortgage Interest Rates (Hornell Evening Tribune) (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans
Inflation May Ease in Australia Next Yr: Mortgage Broker SYDNEY, Nov 2 Asia Pulse - Some of the inflationary pressures Australia is experiencing may have abated by early next year, reducing the likelihood of an interest rate rise, a
Confused by all the Mortgage Options? Here's Help (Hope Star) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,