Wall Street Opens ‘07 With Slew of Data
The first trading week of the year may be a short one, but it may help determine whether the stock market’s record-breaking run will continue or melt down in 2007.
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City Pacific Acquires Mortgage Management Company (CIY.AX, 00737434, 20070709) (Aspect Huntley via Yahoo!7 Finance) City Pacific has announced the acquisition of Australian Beneficial Finance. The purchase price of the business is structured on an "earn-out" basis spread over three years based on performance. ABF
Confused by all the Mortgage Options? Here's Help (Evening Times) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
National City gloomy on 3Q mortgage loss (bizjournals.com via Yahoo! Finance) National City Corp. told investors Monday the third-quarter loss it expects from its mortgage division is likely to hit the high end of its projected $130 million to $160
Mortgage approvals drop further (BBC News) The number of mortgage approvals for home buying fell again in December, the Bank of England says.read more...
Alliance & Leicester income flat Alliance & Leicester signalled flat first-half revenue despite big growth in unsecured lending, though the bank assured investors that its asset quality was strong.via
H&R Block, Cerberus terminate sale of Option One Mortgage (The Kansas City Star) H&R Block?s deal to sell its Option One Mortgage Corp. has fallen through, Block said today, so it is scrapping much of the subprime lending business.read more...