Banks' profits to push 20bn barrier BRITAIN'S banks will see their half-year profits edge closer to 20bn this week with expectations that overseas growth will enable them to shrug off any weaknesses in the UK economy.read
Housing Slump Hits Big in Some States Sales in California and other once-hot markets tumble more than 20%, thanks to rising home values and interest rates The housing market turned in one of its worst performances in
Fears over ?dangerous? mortgage (The Herald) ABBEY, the UK's second-largest mortgage lender, is to allow homebuyers to borrow up to five times their salary in a bid to help more people buy their first home.read more...
19 Alabamians join Army under program providing mortgage and business funding (Birmingham News) Nineteen Alabamians have taken advantage of the latest Army recruiting incentive, which offers them home mortgage money or business startup funds. The Army Advantage Fund program began on a test
Northern Rock lifts profit goal Mortgage bank Northern Rock raised its profit growth target after reporting a 14 percent jump in first-half underlying profit on a strong housing market.read more...
GM says GMAC mortgage unit may not survive (Washington Post) DETROIT -- Bad news kept piling up for General Motors Corp. on Monday as its shares plunged to their lowest point in 60 years and the company said in a
The mortgage mess that?s affected the general economy and the stock market might also derail some low-income housing projects approved in December by the Missouri Housing Development Commission.
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