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LaSalle Hotel Properties Revises 2005 Outlook With Copley Acquisition LaSalle Hotel Properties revised its outlook for the second half of 2005, which was given during the second quarter earnings call July 21, 2005.read more...
Mortgage industry feels impact of shrinking subprime market (BizJournals) With the national subprime mortgage market shrinking and foreclosures on the rise, local mortgage brokers say they are facing tough times, too.read more...
Metrocities Mortgage Reports Record First Quarter 2006 (Business Wire via Yahoo! Finance) SHERMAN OAKS, Calif.----May 24, 2006--Metrocities Mortgage, LLC today announced record funding volume for the first quarter of 2006. During the first three months of the year, the leading national
UK mortgage lending 'levels off' (BBC News) Mortgage lending by major banks flattened out in July but the amount borrowed for day-to-day spending slowed, figures show.read more...
McFadden-Weaver sentencing for mortgage fraud set for Dec. 28 (The Kansas City Star) Former Kansas City Councilwoman Saundra McFadden-Weaver must wait two more weeks to learn her sentence for a mortgage fraud conviction.read more...
“Indeed, a cutting of interest rates at this stage could have been seen as a panic move and risked damaging the bank’s anti-inflation credibility”
The European Central Bank held its benchmark interest rate steady at 4 percent on Thursday, but its leader signaled that the bank was still worried about inflation and has not ruled out future rate increases.
ECB President Jean-Claude Trichet said the bank would ‘monitor very closely’ developments in the euro zone and that it was ‘ready to counter’ risks to inflation, including higher energy prices, amid a more volatile world economy.
Given the scope of uncertainty because of turbulence stemming from the U.S. subprime mortgage crisis, Trichet said that ‘additional information is needed before monetary conclusions can be drawn.’ Read more
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