Types Of Bankruptcy

Mortgage rates rise for third consecutive week   WASHINGTON - Rates on 30-year mortgages edged up for a third straight week, rising to the highest level since late December, Freddie Mac reported Thursday.read more...


Honda Civic: The Little Car That Must  This month, the eighth-generation Honda Civic arrives in dealer showrooms. Much is riding on this small car.read more...


With New Limits, New Reasons To Question Mortgage Costs   A seemingly arcane policy change by mortgage investor Freddie Mac sheds new light on issues of much broader concern for consumers: Do you really understand where the money flows --


US housing correction substantial  The US Federal Reserve remains worried inflation is too high, but is also watching to see how much a "substantial correction" in housing markets will slow economic growth, Fed Chairman


The Bond Market's Yield (Reg Req'd)  The San Francisco 49ers are ducking and covering amid the fallout from a risque training video for players -- one that has unintentionally offered a fascinating look at a decidedly


Home Contractor Convicted Of Fraud Faces New Charges  "He can be immediately incarcerated if his probation is revoked and he really should be" A Massachusetts man who has spent time in prison on home-improvement fraud convictions faces

October 30th, 2007

Bank of China takes $322m sub-prime hit

“Considering the inherent uncertainties of the US sub-prime mortgage market, the group will closely monitor the future developments of the market”

The sub-prime crisis hit China’s flagship lender yesterday as Bank of China wrote down $322m for its holdings of US sub-prime mortgage securities. via The Independent



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