UK house prices up just 0.1pc on month House prices in the UK steadied in June but the annual rate of house price inflation slipped to its lowest level in over four years, a closely-watched survey found today.via
Know your option ARM choices well Like a chainsaw, these new and popular adjustable mortgages can be useful or harmful, and the risk is borne entirely by the user.read more...
US stocks lower after home sales drop (Reg Req'd) US stocks fell as a sharper-than-expected drop in existing home sales revived worries about a slowdown in the housing market, a key economic pillar, and doubts about holiday sales helped
Mortgage rates fall as inflation rises (Bankrate.com via Yahoo! Finance) Mortgage rates dropped this week, even as the government was reporting that inflation is running higher than expected.read more...
Foreclosures via
Skipton cashes in on financial crisis with £800 mortgage fee (Daily Telegraph) Mortgage costs rose further yesterday as a building society became the first major lender to charge borrowers to take out a standard variable rate home loan.read more...
“I was the chief executive officer, and this happened under my watch”
Democratic lawmakers say top banking industry executives were paid far too much in salary, retirement and bonuses while their companies’ fortunes declined.
So how much is too much? And just how much did they take home? Three prominent executives of companies stung by the mortgage crisis defended their compensation under intense questioning by lawmakers at a congressional hearing Friday.
Critics say a cozy relationship between top executives and their corner-office counterparts on company boards has allowed executive pay to skyrocket. “I get the feeling, it’s you scratch my back, I’ll scratch your back,” said Rep. Edolphus Towns, D-N.Y. Read more
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