Consumer appetite for debt wanes
Spend on credit cards continues to slow down. The appetite of UK consumers for new debt has fallen to its lowest level for 11 years.
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26-06-2007: Subprime mortgage worries drive indexes lower (The Edge Daily) NEW YORK: US stocks closed lower on June 25 as growing concerns about the subprime mortgage market dragged down shares of Bear Stearns Cos and Goldman Sachs Group.read more...
Luxury home builder's contracts rise 19% (Reg Req'd) Luxury home builder Toll Brothers in its preliminary earnings release today reported record third-quarter and nine-month results for home-building revenues, backlog and contracts for the period ended July 31.read more...
Government publishes draft regulations on home information... Home Information Packs will be good for consumers and will cut costs and waste, Yvette Cooper, Housing Minister said today, as the Government published draft regulations for consultation of the
Mortgage losses prompt WaMu to cut more jobs (Los Angeles Times) The thrift will lay off 3,150, slash its dividend and raise $2.5 billion to cover shortfalls. Washington Mutual Inc., citing growing mortgage losses, said Monday that it
Three arrested on mortgage fraud charges in St. Lucie Three people who were already facing marijuana charges in connection with a wide-spread grow house ring that investigators say is linked to a Port St. via Palm Beach Post
Fuel prices affecting car sales, sort of While local car dealers have been selling more small cars in recent weeks due to rising gas prices, don't expect gas-hungry trucks and sport utility vehicles' popularity to end soon.read