Bank Profits Fell By 86 Percent In 2nd Quarter
The government says U.S. banking profits fell 86 percent in the second quarter, while the number of troubled banks rose to the highest level in about five years.
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Mortgage lifeline for borrowers (Chicago Tribune) You may have seen headlines about the latest public and private efforts to help financially distressed homeowners cope with their mortgage payments. But you might not have caught key details
Long-term mortgage rates show little change (WSYR 9 Syracuse) Freddie Mac says the 30-year fixed-rate mortgage is averaging 6.45 percent compared with last week's rate of 6.42 percent. A year ago, it averaged 6.67 percent.read more...
Borrowers await 'extortion' ruling HUNDREDS of borrowers saddled with extortionate personal loans might be able to walk away from their agreements if a Merseyside couple wins a landmark legal case taking place at the
(AFX UK Focus) 2008-06-09 07:39 Italy April outstanding mortgage loans fall from March; second month running (Interactive Investor) MILAN (Thomson Financial) - Italy's stock of outstanding mortgage loans fell in April to 256.5 billion euros from 259.9 billion in March and 268.3 billion in February, said Il Sole
Fed anticipates higher interest rates United States Federal Reserve chairman Alan Greenspan said before Congress that interest rates are likely to keep rising given the US economy expectations of a solid growth.read more...
House Of Cards: The Mortgage Mess (CBS News) Correspondent Steve Kroft reports on how the U.S. sub-prime mortgage meltdown, in which risky loans drove a housing boom that went bust, is now roiling capital markets worldwide.read
August 26th, 2008
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