Banks nudge up posted mortgage rates on terms up to four years (Canadian Business) TORONTO (CP) - Some posted mortgage rates were nudged higher Wednesday as inflation anxiety prodded up yields on the bond market where banks raise their lending funds.read more...
YWCA Toronto offering free kids camps The YWCA Toronto has a deal most Scarborough parents won't want to pass up for their kids this summer - free camp.via
Local housing association has trouble finding new director The initial search for a new executive director of Pocatello Neighborhood Housing Services ended when the top two candidates passed on the job, vacated in early April when Cary Jones
Stocks cut down by mortgage woes (CNN Money) Stocks sold off Friday, continuing steep losses for the week, as Wachovia and the government-backed Fannie Mae became the latest victims hit by the fallout in the mortgage sector.read more...
Hub foreclosures go through roof' B ay State homeowners are beginning to feel a hangover from the long-running real estate party, with foreclosures doubling in Boston and parts of the North Shore.read more...
Business: Treasury reigns in mortgage giants with new rule (The Nashua Telegraph) WASHINGTON ? The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could diminish
The outlook for consumer spending in the coming months dimmed Thursday after retailers, their sales hurt by rising gasoline prices and the slumping housing market, had one of their worst months ever in April.
As retailers released their monthly sales figures, Wal-Mart Stores Inc. recorded a rare decline the weakest performance since the world’s largest retailer started publishing monthly sales in 1980, according to John Simley, a company spokesman. But April’s disappointments crossed all segments of the industry and included Abercrombie & Fitch Co., Federated Department Stores Inc. and J.C. Penney Co.
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