The run continues: AXA freezes $117 million mortgage fund (The New Zealand Herald) A local subsidiary of global financial giant AXA, Mortgage Backed Bonds, has suspended trading in wholesale holdings in its fund, as the run on mortgage backed investments continues apace.read more...
Proud homeowners replant roots On paper, by the numbers, it looks as if David McFarland should never rebuild his flood-ruined home in New Orleans East.read more...
Proposals on Servicers Are Only a First Step In my last two articles, I examined the Federal Reserve Board's proposals for tightening mortgage underwriting requirements and for limiting mortgage broker charges to borrowers. These are long-standing regulatory concerns.read
New mortgage loans hit record despite rate rises (Independent) Mortgage lending hit an all-time January high last month, indicating that the long-running housing boom remains intact despite higher interest rates.read more...
Barclays bank to axe hundreds of British workers LONDON : Barclays, Britain's third-largest bank, has outlined plans to axe as many as 1,200 jobs over the next two years as part of an overhaul of the group's under-performing
State paid $1.25M settlement in patronage job firings When a judge refused to throw out a lawsuit filed by six state workers who claimed they were fired for political reasons, the state opted to settle rather than fight.via
By Jessie Ho STAFF REPORTER Friday, Dec 01, 2006, Page 12 Facing a slack market yet stronger competition, Far Eastern Geant Co , the nation’s third-largest hypermarket chain, plans to expand its shopping-mall …
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