US mortgage defaults weigh on HSBC profits (AFP via Yahoo! News)
Global banking giant HSBC Holdings announced on Monday a 35.5-percent surge in bad debts during 2006 owing to increased defaults on home loans by high-risk US borrowers.
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Prepay mortgage or pour more into 401(k)? (The Charlotte Observer) If you've read this column for a while, you know I've often urged readers to think about making extra mortgage principal payments. This can dramatically cut the amount of interest
Business Briefing HEADLINES: Tyson Foods Will Lay Off Managers; Vonage Seeks to Settle Lawsuit; 30-Year Rates Edge Down Again; Toll Brothers Revenue Down;
Swiss watchdog wants UBS, Credit Suisse to put aside more capital: reports Swiss banks UBS and Credit Suisse would have to set aside 70 billion Swiss francs more in company capital as Switzerland's banking watchdog moves to prevent a repeat of the
Bank Millennium enjoys massive surge in mortgage loans (Warsaw Business Journal) From Poland A.M. In 2005 banks granted new mortgage loans totalling z?.20 billion, which represents an increase of 60% in relation to 2004, while for Bank Millennium the rise stood
Immigrant Bill Worries Mortgage Lenders Banks that offer mortgages to undocumented immigrants are expressing concern about a bill recently approved by the U.S. House of Representatives that would make it a crime for a business
30-Year Mortgage Rates Highest in 4 Years (Minneapolis-St. Paul Star Tribune) WASHINGTON (AP) - Rates on 30-year mortgages climbed this week to their highest point in nearly four years, helping take the exuberance out of the housing market. Freddie Mac, the