Record demand for credit but mortgage growth eases
Strong demand for credit pushed borrowing to a new high of 315 billion in November, according to the latest figures released by the Central Bank.
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Fannie Mae Profit Falls as Mortgage Defaults Fuel Credit Losses (Bloomberg.com) Nov. 9 (Bloomberg) -- Fannie Mae, the biggest source of money for U.S. home loans, said profit in the first nine months of the year fell 57 percent as mortgage
Fed Chairman Challenged on Inflation The chairman of the House Financial Services Committee took aim Thursday at the Federal Reserve's belief that inflation rather than slow growth poses the greatest risk to the economy.Commentread more...
Mortgage lender charged with fraud (Bucks County Courier Times) A former Bucks County prosecutor has been charged with defrauding mortgage customers. He has pleaded guilty to similar crimes twice before.read more...
Rates sure to rise on Cup day THE one sure bet this Melbourne Cup day is a rise in interest rates as an inflation surge - stoked by the drought - adds to the pressure on mortgages.Commentread
Mortgage lender in administration (BBC News) A UK mortgage lender which lent money to people with poor credit histories goes into administration.read more...
Three charged with stealing home from dying woman Kings County District Attorney Charles Hynes Thursday announced the indictment of three men charged with stealing an elderly Brooklyn woman's home, while she was dying of cancer.Commentread more...