Rogue trader to cost SocGen $7bn
Despite the loss, the bank expect to report a net profit, made in 2007 French bank Societe Generale has announced losses of 6.9bn euros , blamed on a fraud by its trader and the credit crunch. via BBC
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Mortgage of the week (Mortgage Introducer) The Bank of Scotland is offering a fixed rate deal until the 28th February 2009, at a rate of 5.19%, reverting to the standard variable rate for the remaining term
Housing bonanza or bubble? (Reg Req'd) Joel Kennedy started investing in real estate three years ago while running his tech consulting company in Bloomington, snatching up an Apple Valley town home for $133,000 and renting it
Confused by all the Mortgage Options? Here's Help (Evening Times) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
Mortgage Choice reveals commission cut (Daily Telegraph) LISTED home loan broker Mortgage Choice today confirmed that its funding source Westpac plans to cut commissions for new business.read more...
Fed will increase rate again When the Federal Reserve's rate-setting committee meets Tuesday, it almost surely will raise short-term interest rates by a quarter of a percentage point.read more...
Hard choices for Gulf homeowners Imagine it's July and you're behind on your mortgage payments, or you're making them, but just barely.read more...
January 23rd, 2008
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