Vital Signs for the Week of June 20
The housing market was supposed to start cooling off when the Federal Reserve began raising interest rates a year ago.
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Wall St. slumps as mortgage woes ripple through market (ABS-CBNNEWS.com) NEW YORK (AFP) - US shares were hammered Friday as jitters about mortgage failures hitting the financial sector took the spotlight away from the Blackstone Group's debut on Wall Street.read
Some Hard-Hit Cities See Signs Of a Housing Market Turnaround Housing inventories keep rising but a WSJ survey shows the surge in unsold homes is slowing. The trend offers hope for recovery, but it won't happen quickly. Plus, use our
Fitch Rates Entergy Louisiana First Mortgage Bonds 'BBB+' (Business Wire via Yahoo! Finance) Fitch Ratings has assigned a 'BBB+ rating to Entergy Louisiana's new issues of $100 million 5.56% first mortgage bonds due Sept. 1, 2015 and $100 million 6.30% first mortgage
US mortgage defaults weigh on HSBC profits (AFP via Yahoo! News) Global banking giant HSBC Holdings announced a a 35.5-percent surge in bad debts during 2006 owing to increased defaults on home loans by high-risk US borrowers.read more...
Lender failure won't affect mortgage (Bankrate.com via Yahoo! Finance) Don't worry about having to pay a mortgage in full when a lender fails, says Dr. Don Taylor.read more...
IMF Research Bulletin HousingPricesandMacroeconomics Edison and Bayoumi and Edison report that household consumption in industrial countries is directly related to housing wealth.read more...