Mortgage approvals drop 20 per cent in latest sign of slowdown (Independent) Further evidence of a slowdown in the housing market came yesterday as the Bank of England revealed figures showing that the number of mortgage approvals for home purchase fell from
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Priced out of town Betty Deas, 45, would like to buy a home. But she can't afford it. For the past 11 years she and her family have been living in public housing, renting
Canada's inflation rate slipped to 2.2% in April as fuel prices subsided (CP) - Easing gasoline prices slowed Canada's annual inflation rate to 2.2 per cent in April, from 2.3 per cent the previous month, Statistics Canada said Thursday.But the big
Union fury as 1,000 more jobs are axed at Abbey A further 1,000 jobs are to be axed at Abbey National, taking the total toll on headcount at the struggling banking group to 4,000 as the new Spanish owners try
OFHEO sets final rule on mortgage fraud reporting A final rule requiring Fannie Mae and Freddie Mac to report mortgage fraud and suspected fraud was published by the Office of Federal Housing Enterprise Oversight with an effective date
Residential Capital LLC, the mortgage unit of GMAC Financial Services, said on Wednesday it will eliminate 3,000 jobs, or 25 percent of its work force, to cope with the U.S. housing downturn.
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