Credit Key to Healthy Economy
The smooth flow of credit is ‘essential for a healthy economy,’ Federal Reserve Chairman Ben Bernanke said Thursday, amid continuing concerns about the impact of risky mortgage loans on the economy.
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Lenders scrap fixed-rate mortgages Mortgage lenders have pulled a number of leading fixed-rate deals from the market in a move that will prevent homebuyers protecting themselves against further interest rate rises.Commentread more...
Stocks Gain On Unemployment, Sales Reports Wall Street surged Thursday as investors looked past a sharp rebound in oil prices and focused on comforting news about the economy �x2014; better-than-expected retail sales and a drop in
Red card for credit The country's major banks have promised to stop "forcing credit down people's throats". This comes after concerns about the harassment of consumers with offers of unsolicited credit.Commentread more...
Clothes Dryer's Vent Inspires Some Inside-Out Thinking Q: DEAR TIM: My husband wants to vent our clothes dryer into our garage to keep our cars warmer in the winter. I think dryer vents should be directed outdoors.
Major Australian gold mining project gets green light in Philippines A major Australian copper and gold mining project has won government approval in the Philippines, the environment and natural resources department says.read more...
First Horizon sees drop in mortgage profit (Sharewatch) The company said its mortgage earnings for the first two months of the quarter have been hurt by lower sales margins, brought on by increased hedge costs and reduced mortgage