Credit unions hit by mortgage-market problems-Report (The Economic Times) Five of North America's largest credit unions are reporting big paper losses on mortgage-related securities.read more...
Recession Unlikely, Economists Say Alan Greenspan and the Wall Street nosedive aside, economists think the probability of a U.S. recession this year is fairly low and the likelihood of one in China is even
Homebuilders Seek $15,000 Tax Credit for Buyers to Rescue Sagging Market U.S. homebuilders , buffeted by at least $19 billion in losses since 2006, plan to ask Congress to help stop the bleeding.read more...
GMAC Mortgage Unit Says Chief Financial Officer Has Resigned (Bloomberg.com) March 23 (Bloomberg) -- GMAC LLC said the chief financial officer has resigned at its Residential Capital home mortgage division, where bad loans cut 2006 profit at part-owner General Motors
Home Equity and Mortgage Loans - E-LOAN (Paz Digital) Online lender offers home equity loans, cash out refinancing, mortgages, and auto loans at low rates. Fill out a simple application. Approval in minutes. Search rates now.via
Hong Kong's Retail Sales Probably Gained at Fastest Pace in Three Months Hong Kong's retail sales probably grew at the fastest pace in three months in May as the city's economy created more jobs, pushing wages higher and encouraging citizens to spend.via
The number of mortgage approvals in September were at their highest in more than two years, the Bank of England said yesterday, reinforcing expectations its monetary policy committee will increase interest rates to 5 per cent next month.
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