Tower mortgage fund shut after run on funds (The New Zealand Herald) The global sub-prime crisis and the slump in the local property market have claimed another victim close to home. Today sees the the closure of a Tower mortgage fund following
(AFX UK Focus) 2007-07-04 16:10 GMT: UK's FSA starts enforcement action against 5 subprime mortgage firms UPDATE (Interactive Investor) (Add Elephant and Loans, Council of Mortgage Lenders comment)read more...
A Ho Hum Year Ahead - Shaken But Not Stirred In Berson's Weekly Commentary Total home sales for 2005: another record year [Fannie]. 2005 was all about breaking records when looking at the annual numbers.read more...
Foreclosures Increase Again The rate of U.S. home mortgages overdue or in foreclosure surged again in the second quarter, a survey found.read more...
HSBC warns on U.S. defaults Banking group HSBC said Thursday that increased provisioning in its U.S. mortgage services business is expected to lead to loan impairment charges and other credit risk provisions for 2006
Dallas FHL Bank to restate earnings (Reg Req'd) The Federal Home Loan Bank of Dallas will restate net income to correct errors in accounting for financial contracts used to protect against swings in interest rates.read more...
Canadian housing starts rose to an unexpected 223,200 units in October, but the bellwether single starts component, reflecting the building of traditional single-family homes, hit its second lowest level this …
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