It sounds bad, but what does it really mean?
Tuesday’s stock market plunge may show the start of a “correction,” the age-old euphemism for a steep drop in stock prices, but it may also signal worse news than that.
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Interest rate promise intact: Howard The Prime Minister denies he has broken an election promise after the second interest rate rise since the Coalition was re-elected. The Reserve Bank has lifted the cash rate by
Merrill Lynch buys National City mortgage unit for $1.3B (USA Today) Merrill Lynch (MER) announced Tuesday that it plans to acquire the mortgage business of Cleveland-based National City (NCC) for $1.3 billion.read more...
UPDATE: UK BBA: Mortgage Approvals Hit Record Low In March (The Forex Market) (Adds background, economist comment.) By Joe Parkinson Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- In the latest piece of gloomy news to hit the U.K. housing sector, mortgage approvals sunk
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Option mortgage requires lots of discipline (Detroit News) Q . I'd like to refinance my mortgage and debt. I have a monthly payment of $1,000 on my mortgage and about $130,000 in credit card and student loan debt.
ABN Amro sells US mortgage arm to Citigroup (Banking Business Review) Netherlands-based international bank ABN Amro has reached an agreement to sell its US-based residential mortgage broker origination platform and servicing business ABN Mortgage Group to US banking giant Citigroup, as