Greenspan’s conundrum
US Federal Reserve Bank Chairman Alan Greenspan is confused – why are long-term interest rates so low? Is what he calls “too low” a risk premium courtesy of his successful policies? Inflation runs at an 18-year …
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House market 'on track for soft landing' "The market remains on track for a soft landing," said the lender, as it released figures showing that house prices had risen by 0.3pc in May to an average of
Top 10 causes of debt: Which did you use? Many Americans wonder how they first got into debt and how to avoid it in the future. The answers lie in these top 10 causes of debt.read more...
SocGen Posts Q4 Loss "Without this event, the results of Societe Generale were not at all bad." Troubled French bank Societe Generale SA said Thursday that a trading scandal and writedowns linked to
Rising Subprime Mortgage Defaults Add to Unsold Homes Inventory (Bloomberg.com) March 9 (Bloomberg) -- Rising mortgage defaults by subprime borrowers may add more than 500,000 homes to a residential real estate market already beset by slumping prices, according to CreditSights
Fannie Mae Faces Work After Restatement Mortgage giant Fannie Mae has taken a significant stride in its march out of a accounting scandal by completing a restatement of past earnings but still faces tough work to
Mortgage insurance becomes tax deductible next year (Naples Daily News) Mortgage insurance will be tax-deductible in 2007. For some homeowners, the new law means it will cheaper to get mortgage insurance instead of getting piggyback loans. The 109th Congress passed