AXA puts mortgage fund into freezer (The New Zealand Herald)
AXA New Zealand is hoping it has made the right call in becoming the fifth investment manager in as many months to suspend a mortgage-backed security.
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Home sales rise in October "Negotiations still favour the seller in nearly all major markets. This suggests resale housing demand remains on a strong footing, and that price increases will continue to exceed overall consumer
Bank of England Hopes Gilt Works The BOE's King launched a historic intervention plan that will allow U.K. banks to swap assets for gilts. But will it work?read more...
Fed seen standing firm as mortgage pain worsens (AFP via Yahoo! News) The Federal Reserve is widely expected to keep US interest rates on hold at its meeting Tuesday despite increasing angst about America's troubled housing and mortgage markets, economists say.read
Construction Creates Detours and Delays for Lakeland Motorists read more...
U.S. mortgage insurer Radian posts large loss (Toronto Star) NEW YORK?Mortgage insurer Radian on Friday reported its second-ever quarterly loss, hurt by troubles in the U.S. housing market.read more...
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