Mortgage lenders, insurers slammed by delinquency concerns (Market Watch) SAN FRANCISCO (MarketWatch) -- Shares of mortgage lenders and mortgage insurers slumped on Wednesday amid concern about rising home loan delinquencies.
IMF says US mortgage crisis could cost global economy US$945b (Channel NewsAsia) WASHINGTON - The International Monetary Fund said Tuesday the worldwide losses stemming from the US sub-prime mortgage crisis could hit 945 billion dollars.read more...
Got a mortgage? 2006 could be a very a bad year. Tasmanian working families with mortgages face a worrying year thanks to John Howard's extreme industrial relations laws which come into force this year.read more...
Your Money Matters: Dealing with Rising Mortgage Interest Rates (Benton Evening News) (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans
Low-income families in S. Florida say mortgage lenders took advantage (Sun-Sentinel) When a mortgage broker convinced Erik Zapata he could own a home, he quickly signed on the dotted line.
Wearable Art features jewelry, custom apparel Helen Ringus has opened Wearable Art at 1463 Main St. in Sarasota. The shop features fine jewelry and custom apparel as well as ready-to-wear fashions.via
Big Wall Street investment companies are taking advantage of the Federal Reserve’s unprecedented offer to secure emergency loans, the central bank reported Thursday.
The lending is part of a major effort by the Fed to help a financial system in danger of freezing.
Those large firms averaged $13.4 billion in daily borrowing over the past week from the new lending facility. The report does not identify the borrowers.
The Fed, in a bold move Sunday, agreed for the first time to let big investment houses get emergency loans directly from the central bank. This mechanism, similar to one available for commercial banks for years, got under way Monday and will continue for at least six months. It was the broadest use of the Fed’s lending authority since the 1930s. Read more
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