Mortgage meltdown impact minimal on Hawaii borrowing (BizJournals) We were interested in gauging the impact of the Mainland mortgage meltdown on credit and finance in Hawaii and discovered that a lot of businesses are feeling a squeeze.read more...
US mortgage crisis may cost $1 trillion: IMF (Australian Broadcasting Corporation) The International Monetary Fund (IMF) says the worldwide losses stemming from the US subprime mortgage crisis could hit $US945 billion ($1.01 trillion) as the impact spreads in the global economy.read
Developer Drops Lawsuit Over Petition BARTOW | The most recent legal fight over the controversial Wind Meadows South subdivision in northwest Bartow ended Tuesday. But the next round may soon begin. more»
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Jumbo mortgage 'relief' replaced by grief for many would be buyers (The Sarasota Herald-Tribune) In mid February, Congress gave beleaguered mortgage borrowers a rare cause for celebration. As part of the economic stimulus package, it passed rules intended to make it easier and less
Courts: Second former employee sues Waterfield Mortgage (Fort Wayne Journal Gazette) Another former employee of Waterfield Mortgage Inc. has sued the company, accusing it of breaching a contract, failing to keep a promise she had relied on and making a promise
Ahead of the Bell: Mortgage Lenders (AP via Yahoo! Finance) A Credit Suisse analyst said Thursday he expects a drastic decline in mortgage lending next year as the housing market struggles and lenders face a hostile climate.read more...
“The outlook for the dollar is still bearish”
The US dollar dropped last week to a record low versus the euro and the weakest in 26 years versus sterling on speculation losses from subprime mortgages will worsen the US economic outlook. via The Standard
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